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Silver Market Updates

Technical Scoop: Historical Crisis, Precious Rally, Oily Poise

The breakthrough over $30 was far more than expected and the next targets are $39/$40. The mark had stood at $30.35 since February 2021. Silver closed the past week at $31.26.

Silver Broke $30…Where Do We Go From Here?

Silver's price has taken the spotlight, with the metal hitting over $31 per ounce, marking its highest closing price in over a decade.

COT Silver Report - May 17, 2024

Positions as of 14 May, 2024

Precious Metals SWOT: Solar Industry Drives Silver Demand

The best performing precious metal for last week was silver, up 6.56%, which can be an indicator of speculative interest being revived in the precious metal trade.

COT Silver Report - May 10, 2024

Positions as of 7 May, 2024

Gold Looks Great & Silver Is Superb

All that’s needed now is a big burst of volume, and silver could charge through the $30 resistance zone like a bull era tank driving through a rancid fiat butter wall.

Silver And The Coming Monetary Reform

May 08, 2024

This is the critical point in the cycle. From this point debt and debt-based assets get destroyed while silver prices see some real stellar increases. This point cannot be stressed enough, since debt or credit is what this current world is built on.

Technical Scoop: Inflation Stick, Confidence Wane, Commodity Fall

Silver fell this past week, despite as we noted a weaker than expected jobs report and a weaker US$ Index. Silver lost 2.1% as it continued to test $26.50 support. Further support can be seen to $26, but under that level the current rally becomes more questionable.

COT Silver Report - May 3, 2024

Positions as of 30 April, 2024

Technical Scoop: Potential Stagflation, Commodity Friend, Gold Corrects

It’s no surprise that $30 is resistance as that was the high back in February 2021 ($30.35). Our expectations of $39/$40 targets remain, once we get past the February 2024 high. The breakout over $26/$26.50 suggests that target.

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