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Silver Commentaries

CFTC Chairman to Examine National Security Risks from Concentration of Precious Metals Depositories in NYC

Selig agreed to study vulnerabilities like natural disasters or terrorist attacks and work toward greater market resilience.

How a Silver Shortage Sparked a Historic Price Rally

April 17, 2026

While gold hogged the spotlight through most of the year, silver stole the show at the end. According to Metals Focus, several factors converged to drive the rally.

Silver Prices Will Still Go Much Higher

April 15, 2026

Silver is currently only about 58% higher than its 1980 peak. A major bull market does not generally end as close as 58% higher than its previous major bull market did.

Chinese Sulfuric Acid Export Ban Could Exacerbate Physical Silver Shortage

April 14, 2026

A significant shortage of sulfuric acid, or even spiking prices, could impact copper output. About 70 percent of the annual silver mining supply is a byproduct of copper production.

The Big 8 Commercial Shorts Continue to Cover

Including all theirs, the derivatives/paper held in the precious metals...mostly on the short side...is an eye-watering 2+ Trillion dollar number which can never be covered, either in the paper market, or through the delivery of physical metal...without driving the prices of all four precious metals beyond the moon in the process.

China Is Gobbling Up Physical Silver

March 24, 2026

Shifting silver between New York, London, and Asian exchanges can temporarily ease squeezes, but it doesn’t fix the underlying problem – there isn’t enough silver.

China & Silver

Also, as you know, silver is well into its sixth year of a structural deficit -- and this data point from China just released, is yet another straw in the wind that despite the current 'wash, rinse & spin' cycle engineered by the collusive commercial traders of whatever stripe...the days of double-digit silver prices are numbered. In light of that, I'm wondering if the efforts of the Big 8 commercial traders to reduce their short position in it -- and gold, to new record lows...aren't in…

The Silver Shortage is Real

The silver deficit is real and prices, despite some short-term volatility, will soon reflect market realities and rise accordingly. The silver market is experiencing a severe structural deficit, with demand consistently outstripping both primary mining output and recycling, leading to a projected sixth consecutive year of shortages in 2026.

Gold Joins Silver on the Launchpad

The standout on the chart still remains -- and that's that silver has been bumped out of its No. 1 spot on the above Days-to-Cover chart -- and platinum has taken its place...but only by 1 day. This turn of events has come about because of the aggressive short covering by the Big 8 commercial traders in silver over the last nine or so months.

Lawmakers Introduce SILVER Act to De-Risk U.S. Precious Metals Market Infrastructure

CEO Gleason: "Greater access to qualified storage facilities across the country will enhance efficiency and reduce barriers to entry."

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