• Gold: 1,410.75 -11.36
  • Silver: 15.30 -0.05
  • Euro: 1.137 0.000
  • USDX: 96.211 0.071
  • Oil: 59.2 0.45

Live Silver

Bid|Ask 15.30 15.30
Low|High 15.18 15.36
Change -0.05  -0.32% 
Jun 26, 2019 15:07:03 EST
1 mo +0.763 +5.25%
1 yr -0.984 -6.04%
Low|High 13.89 16.36

Live Gold

Bid|Ask 1,410.79 1,410.90
Low|High 1,401.70 1,420.60
Change -11.32  -0.8% 
Jun 26, 2019 15:07:07 EST
1 mo +126.12 +9.82%
1 yr +152.55 +12.12%
Low|High 1,160.27 1,439.16

Gold-Silver Ratio

Bid|Ask 92.20 92.24
Low|High 91.71 92.63
Change -0.3933  -0.42% 
Jun 26, 2019 15:07:07 EST
1 mo +4.226 +4.8%
1 yr +14.945 +19.35%
Low|High 76.78 92.96

Silver Edition


John Rubino, June 25, 9:29 am

It’s been a pretty good couple of months for precious metals, but more so for gold than silver. Both are up but gold is up more, and the imbalance that this creates might be one of the major investment themes of the next few years. The gold/silver ratio – that is, how many ounces of silver it takes to buy an ounce of gold – has bounced all over the place since the 1960s. But whenever it’s gotten extremely high – say above 80 – silver outperformed gold, sometimes dramatically.

Stefan Gleason, June 25, 9:08 am

The super-rich and large institutional investors who are more apt to take contrarian positions in overlooked assets generally prefer gold over silver because it is more convenient for them to accumulate in large quantities. We are still in the stealth phase of a precious metals bull market. When we enter the public participation phase – and demand for physical bullion increases – we have no doubt that silver will shine.

Theodore Butler, June 21, 10:06 am

Recent developments indicate, almost beyond question, that when it comes to silver (and gold), JPMorgan is operating in direct violation of the law. So clear is the proof of this allegation that the only real question is why JPM is allowed to openly flaunt basic commodity and antitrust law? Before getting to the why, let me first establish that JPMorgan is, indeed, violating the law when it comes to silver and gold. JPMorgan is the largest and most important bank in the US and many would consider its CEO, Jamie Dimon, to be not only the most respected voice in banking, but in the corporate world as a whole. Given its high profile, JPMorgan is closely monitored and analyzed. Despite this coverage, very few know that JPMorgan is the dominant force in silver and gold markets. Yet public data demonstrate that JPMorgan has come to dominate the derivatives and physical sides of silver and gold, particularly since acquiring Bear Stearns in early 2008.

Hubert Moolman, June 19, 9:00 am

Silver is currently trading around $14.84 an ounce. This is around 30% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its lowest value it has ever been (see chart below). Also, it is ridiculous that one ounce of silver cost $50 in 1980 when there were about 132 billion dollars in existence, whereas today it is only $14.84 at a time when there are 3 304 billion dollars in existence (note that I have used rounded numbers which created some distortion).

SilverCOTReport, June 14, 3:18 pm

COT Silver Report - June 14, 2019

Hubert Moolman, June 14, 10:45 am

Currently silver priced in the Dow is close to all-time lows. Economic conditions has been favourable to paper and debt-based assets. The bullish wedge is an indication that all this is about to change. There has now been a breakout of the wedge and the ratio seems ready to go much higher. On the chart, I have indicated how the periods indicated by the green arrows have been associated with economic prosperity, and the red one with economic decline...

Theodore Butler, June 13, 9:28 am

One big difference between India and China is that the gold and silver buying in India is largely a grassroots phenomenon, emanating from the general population due to deep-rooted customs and traditions; where the buying from China is predominantly from official sources (similar to the gold buying by Russia). To me, this makes the gold and silver buying from India more “free market” and price-sensitive in nature because the more participants in any market, the freer the market is by definition. The many tens and even hundreds of millions of gold and silver buyers from India make the markets there the freest of all. India has always played a vital role in gold and silver. I remember how my longtime friend and silver mentor, Izzy Friedman, more than 40 years ago, as he was deciding whether to make a major investment in silver in the mid-1970’s, actually flew to India to see for himself if the stories of great silver hoards about to flood the market should prices move higher (from $4 or $5) were true. Izzy saw plenty of silver, but none so closely held in large concentrated quantities to pose a market threat. I believe that’s still the case today.

SRSrocco, June 11, 8:55 am

Even though the silver price has sold off today, it doesn’t mean the rally that started two weeks ago is over. While the silver price was down more than 40 cents today, it may be retesting a support level before heading higher. However, it doesn’t help that it took two weeks for silver to go up more than 70 cents, but then fall 30+ cents today. Regardless, traders and algorithms follow certain technical price levels. Thus, the silver price was trading in a falling wedge pattern for the past four months before breaking out of that trend last week. Typically, a falling wedge pattern is bullish. Yes, it sounds counter-intuitive, but falling wedges are more bullish to the price action while rising wedges are bearish.

SilverCOTReport, June 7, 3:21 pm

COT Silver Report - June 7, 2019

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