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Silver Market Update

December 12, 2019

On the 6-month month we can see how it has been stumbling lower within a downtrend and it looks like it will break down through the lower boundary of this downtrend to drop to a final downside target probably at support in the $15.30 - $15-60 area. It outperformed gold during the Summer runup and has underperformed on the subsequent reaction, which is normal, and as we know, silver is weaker than gold during the early stages of a bullmarket, so this near-term downside target seems reasonable.

COT Silver Report - Dec 6, 2019

December 06, 2019

COT Silver Report - Dec 6, 2019.

Silver Above-Ground Stocks A Mere Fraction Of Global Assets

December 06, 2019

The debate on the amount of above-ground silver stocks is completely meaningless when we compare it to the value of global assets. It is also true when we compare the estimated above-ground stocks of gold versus silver. While there may be more silver held in the world than industry analysts have forecasted, it’s still a mere fraction compared to global assets. Recently, Jan Nieuwenhuijs of Voima Gold, formerly known as “Koos Jansen” at Bullionstar, wrote an article titled, “How Much Silver…

COT Silver Report - Dec 2, 2019

December 02, 2019

COT Silver Report - Dec 2, 2019.

Silver Miners’ Q3’19 Fundamentals

November 29, 2019

The bottom line is the major silver miners had an incredible Q3, despite silver’s anemic rally straddling that quarter compared to gold’s. The higher prevailing silver prices combined with lower costs still worked wonders for silver miners’ profitability, both implied as an industry and actual per GAAP earnings. That drove radical fundamental improvements in the silver miners, even as they continued diversifying into gold. But silver’s recent upleg was truncated way before silver-stock…

Jim Willie: Gold and Silver Moonshot, Bank Failures, QE to Infinity (Part 2)

November 27, 2019

With no end to Federal Reserve easing in sight, what will the reaction be in the gold and silver markets? Jim Willie, editor of TheHatTrick Letter on The talks about whether we might see a moonshot in the precious metals markets, the possibility of large bank failures, and how the debt bubbles get resolved. Jim’s had quite a track record of forecasting over the years, and is darn fascinating to listen to. So to understand what’s coming before the rest of the market figures it…

Primary Silver Producer’s Most Profitable Mine Closed Indefinitely As Reserves Depleted

November 27, 2019

Endeavour Silver’s most profitable mine will be shut down indefinitely by the end of November due to the exhaustion of mineral reserves. All employees will be laid off, and the mine will be put on care and maintenance. The El Cubo Mine will continue milling operations for a week in December to process the remaining stockpiles of ore. This is quite a shame because El Cubo Mine was Endeavour Silver’s most profitable primary silver mine, or so they say. According to the company’s recent…

COT Silver Report - November 22, 2019

November 22, 2019

COT Silver Report - November 22, 2019.

A Genuine Dilemma

November 21, 2019

Yet another former precious metals trader from JPMorgan has been indicted for spoofing and price manipulation by the US Department of Justice. Between all the criminal guilty pleas and indictments to date, it begs the question – were there any precious metals traders at JPMorgan which weren’t engaged in illegal trading activities? From my close professional observation for more than a decade, I would be dumbfounded if any JPMorgan precious metals traders were on the up and up. Perhaps it might…

Silver Equities Outperforming Year-to-Date

November 17, 2019

Underneath all that, the real economy in the U.S. continues to sink into the mire. The only change from this time last week are the signs that this state of affairs is accelerating to the downside. The rest of the world is slowly sinking as well -- and at some point reality with catch up with fantasy on Wall Street, along with the other bourses around the world. That's in the future somewhere -- and until that event occurs, or is precipitated, it's "party on, dude like 1929" in the U.S…

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