• Gold: 1,324.69 -0.23
  • Silver: 16.59 -0.04
  • Euro: 1.221 0.000
  • USDX: 90.931 0.56
  • Oil: 68.92 0.88

Live Silver

Bid|Ask 16.59 16.66
Low|High 16.58 17.11
Change -0.04  -0.24% 
Apr 23, 2018 17:00:09 EST
1 mo +0.133 +0.81%
1 yr -1.326 -7.4%
Low|High 14.16 18.21

Live Gold

Bid|Ask 1,324.69 1,325.10
Low|High 1,322.09 1,335.49
Change -0.23  -0.02% 
Apr 23, 2018 17:00:10 EST
1 mo -8 -0.6%
1 yr +41.07 +3.2%
Low|High 1,204.72 1,366.08

Gold-Silver Ratio

Bid|Ask 79.49 79.89
Low|High 77.96 79.70
Change 1.658  2.13% 
Apr 23, 2018 17:00:10 EST
1 mo -1.4639 -1.81%
1 yr +8.031 +11.24%
Low|High 70.87 84.85

Silver Edition


Jeff Clark, April 23, 2:55 pm

Frustrated by the comatose silver price? Tired of it going nowhere and being held down? Well, history has a message for you: This trading behavior is normal. Furthermore, similar scenarios from the past say the next price explosion is on the way. I know from past studies that silver doesn’t always shoot up when gold does, in spite of the fact that it almost always gains more than gold before the uptrend is over. I decided to put the data to a chart and see what it showed.

Theodore Butler, April 23, 1:57 pm

A new interview by James McDonald, Director of Enforcement for the U.S. Commodity Future Trading Commission (CFTC), on Friday makes it clear that neither he nor the Commission has any intent to address the obvious manipulation of the silver market, conducted principally by JPMorgan. As a reminder, preventing manipulation is the primary mission of the CFTC.

Przemyslaw Radomski, CFA, April 23, 9:03 am

The silver volume that we saw last week was huge and we don’t mean only the one that accompanied the sizable daily price spike. The volume was huge also if we take the entire week into account. In fact, there was only a single week when silver rallied on volume that was bigger than what we saw during last week’s rally – ever. That was the 2011 silver top, when the emotions reached their zenith.

SRSrocco, April 22, 9:58 pm

The Silver Market is setting up for one heck of a move higher as investors are waiting for the signal to start buying. While the silver price has shot up due recently, it still isn’t clear if this is the beginning of a longer-term uptrend. The reason for the quick spike in silver was likely due to a small short-covering rally by the Large Speculators trading on the Comex.

Alasdair Macleod, April 20, 4:47 pm

Having performed indifferently since the price fell in late January, the silver price suddenly broke out of its torpor with a 45-cent rise on Wednesday and peaked intraday yesterday at $17.36. Gold is still confined within its established trading range and is yet to break out.

Stefan Wieler, April 20, 4:44 pm

Silver prices are trading almost 25% below the values predicted by our price model. This is the largest downside deviation we have seen in over 25 years. We believe this is the result of massive short selling in the futures market. In order to maintain this downward pressure on silver, speculators would have to continue to sell over 500 million ounces of paper silver per year. A reversal of this positioning could lead a >30% rally in silver prices in our view.

David Morgan, April 20, 3:54 pm

Mike Maloney & David Morgan take a look at the recent price action in silver. Is this a breakout or a fakeout?

SilverCOTReport, April 20, 3:31 pm

COT Silver Report - April 20, 2018

Eric Sprott, April 20, 3:27 pm

“It’s not just the net short position that is important. It’s: What if a Long says to a guy who’s short, ‘I’d like my silver?’ ‘I’d like my metal?’ We have over a billion ounces of short metal in silver. What if the Long simply says, ‘I can see there’s a bit of tightness showing up here in these various metals… maybe I’ll take delivery, thank you very much.’ Of course, as we know, the seller of the silver and/or gold doesn’t have the metals. So, yeah, there’s a very distinct possibility that this could erupt as people are getting more distressed… There are lots of smart guys that worry about the system crashing.”

John Rubino, April 18, 11:58 pm

Longer term, this is the kind of attention-getting action that puts an asset back on the radar screens of non-true-believers. As hard as it is for us gold-bugs to imagine, the vast majority of people aren’t watching precious metals and have no idea why silver matters. They do, however, notice when the price of something jumps. So if this short squeeze has legs and generates some headlines, it could pull in enough momentum chasing money to create a positive feedback loop in which rising prices beget more rising prices.

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