• Gold: 1,194.77 1.51
  • Silver: 15.06 0.08
  • Euro: 1.141 0.002
  • USDX: 96.206 1.041
  • Oil: 67.64 0.21

Live Silver

Bid|Ask 15.06 15.07
Low|High 14.98 15.09
Change 0.08  0.52% 
Aug 14, 2018 03:15:15 EST
1 mo -0.704 -4.47%
1 yr -1.9154 -11.28%
Low|High 14.95 18.21

Live Gold

Bid|Ask 1,194.77 1,194.83
Low|High 1,192.34 1,196.22
Change 1.51  0.13% 
Aug 14, 2018 03:15:29 EST
1 mo -46.21 -3.72%
1 yr -84.36 -6.6%
Low|High 1,191.69 1,366.08

Gold-Silver Ratio

Bid|Ask 79.27 79.32
Low|High 79.20 79.55
Change -0.2292  -0.29% 
Aug 14, 2018 03:15:26 EST
1 mo +1.0276 +1.31%
1 yr +4.0385 +5.37%
Low|High 74.02 82.54

Silver Edition

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SilverCOTReport, August 10, 3:17 pm

COT Silver Report - August 10, 2018

Theodore Butler, August 9, 1:57 pm

Amazingly, all it will take for this price explosion scenario to unfold is for JPMorgan not to add aggressively to short positions when the inevitable rally begins. You heard me right – the silver price explosion to $50 and beyond, along with a commensurate move in gold is only contingent on JPMorgan doing nothing on the next rally. Admittedly, JPMorgan has been in many similar set ups in the past and has always added aggressively to its COMEX short positions, eventually capping those rallies. This has prompted many to assume that JPMorgan will always sell short aggressively on future rallies. But the current set up has never favored JPMorgan this much. If what JPMorgan has always done holds true again we will get a rally of some significance anyway, just not the big one. But if JPMorgan doesn’t add to short positions on the next rally, the third run to $50 silver and beyond should be at hand.

Clive Maund, August 6, 1:48 pm

The picture for silver looks dull and weak, and it has dropped back over the past month or two, like gold, in response to dollar strength. On its latest 14-month chart we can see how, after breaking support in the $16.15 area, it has dropped back to support close to the low of last July, where it is oversold. The intermediate trend must be classed as neutral / down as it is below bearishly aligned moving averages. Having said all that there is a fair chance of it turning higher soon, as in addition to being oversold and at support, its COTs now look bullish, as we can see on the latest COT chart stacked below the 14-month silver chart for direct comparison, with gold’s COTs being more so, and with gold’s seasonal factors now approaching their strongest for the year, silver may come along for the ride if gold now advances, which looks likely also because there is a good chance that the dollar will react back over the near-term, as we have observed in the parallel Gold Market update.

SilverCOTReport, August 3, 3:21 pm

COT Silver Report - August 3, 2018

Mike Gleason, July 29, 7:30 pm

It is my privilege now to welcome in Ed Steer of Ed Steer's Gold and Silver Digest. Ed has covered the precious metals markets for going on two decades now, having written for Casey Research prior to his latest project, and is also a director at GATA, the Gold Anti-Trust Action Committee, where he and his colleagues work to expose the manipulation in the gold and silver markets.

SilverCOTReport, July 27, 3:16 pm

COT Silver Report - July 27, 2018

Eric Sprott, July 27, 2:51 pm

“I always thought we lived in a rather enchanted world, where interest rates were zero and we kept printing money all the time. And it looks like theoretically that world has ended. And, of course, stocks haven’t done much this year. And now we have, certainly, signs of things cracking. To wit, the 20% decline in Facebook, Netflix running into a few problems, some of the companies that are affected by exports, particularly autos … So we have some segments of the market … that are in a bear market. … That’s a logical outcome of rising rates. It’s a thing you and I have talked about ad nauseam here.”

David Smith, July 26, 1:37 pm

The ongoing July silver (and gold) slam has a 2008 feel about it. Important data point elements are different, but there's an air of panic on the part of physical precious metals' owners. "Major trend lines" being broken to the downside; physical metals' buying (in the U.S. off significantly so far on the year; (some) long-term silver holders giving up the ghost and selling their metal below spot.

Theodore Butler, July 24, 10:59 pm

Every time we’ve had a rally in the last 10 years, ever since J.P. Morgan took over the investment bank Bear Stearns, J.P. Morgan has added aggressively to its paper short division on the COMEX as speculators, technical fund,s and what-have-you come in to chase rallies higher. J.P. Morgan has always been the seller of last resort, and they sell whatever is required to satisfy all buying. And, ultimately, after that buying is satisfied, the prices roll over and come back down. This is the "wash, rinse, repeat" cycle that many people have become aware of. J.P. Morgan adding short positions has stopped every rally in silver -- and gold, for that matter -- over the last 10 years.

Rick Ackerman, July 22, 10:32 pm

Is Silver’s long bear market over? If so, it would be exciting news for bulls who have suffered through a hellacious, 72% correction since the metal peaked in 2011 just beneath $50. The monthly chart (see inset) provides reason for cautious optimism, implying as it does that Comex futures could be bottoming slightly above $15. If a powerful and sustained upturn lies in the offing, the September contract would need to hold above 15.093, a midpoint ‘Hidden Pivot’ support shown in the chart (see inset). It bounced precisely from this number a year ago and is trying to hold above it now. A small breach of a few pennies would not likely prove fatal, but a more decisive one of perhaps 30-40 cents would. That would probably doom this vehicle to a further slide to at least 12.221, the pattern’s ‘secondary’ Hidden Pivot, or even to the ‘D’ target at 9.350 (although I seriously doubt things will get that ugly).

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