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Silver Commentaries

The Silver Melt-Up in Charts

January 06, 2026

Silver broke out of the cup, which started forming in 2011 at around the same time when the gold/silver ratio broke down. If it continues, then silver will reach a minimum of $215...

The Top Five Precious Metals Stories of 2025

January 05, 2026

There were plenty of other momentous events this year, including the U.S. adding silver to its list of critical minerals, the national debt eclipsing $38 trillion...

So Much Is Riding on Silver!

January 04, 2026

Letting silver off the leash would make almost everyone feel at least a little richer.  The problem is, some of Trump’s most powerful buddies in the banking business are short silver up the wazoo.  Citi and B of A alone reportedly have loaned out at interest $4.5 billion of silver they do not possess, exposing themselves to potentially catastrophic losses if AG quotes should soar anew.

What the East Giveth, the West Taketh Away...Again

January 03, 2026

In a nutshell, what the western financial system has been frantic about during this fiat currency experiment that began in August 1971, is to prevent investors from running from the paper asset side of the street -- and into hard assets of any kind...commodities in general -- and the precious metals in particular. This is they system that is now blowing up in their faces -- and most on the short side in the COMEX futures or options market are now facing certain financial Armageddon as…

Six U.S. Banks Hold over $1-TRILLION Dollars in Precious Metals Derivatives

December 30, 2025

This would indicate that these six U.S. banks held a derivatives position in the precious metals something north of $1 Trillion dollars at the end of Q3/2025 -- and is more than comfortably above that amount now. ... But with JPMorgan holding 62.1% of all the precious metals derivatives... Citibank holding 29.0% -- and Bank of America about 7% of the total of the four reporting banks, it's only JPMorgan and Citigroup that matter.

Silver Squeeze 2.0 Drives Price Over $80

December 30, 2025

Silver surged above $80 an ounce, capping a meteoric rally that drove the metal’s price up 176 percent over the year.

Money Metals Podcast Year-End Roundtable: Gold, Silver, and Sound Money in 2025

December 29, 2025

Rather than treating rising prices as a simple story of “more buying,” the guests describe a market that changed character during the year.

NOTICE: Silver Price "Rerate" In Progress...

December 29, 2025

Silver's extraordinary "rerate" to much higher price levels continued apace over the Christmas holiday, adding another $5 while exceeding $77 per ounce.

Ted Butler's "Bonfire" & Terra Incognita

December 27, 2025

We are in terra incognita going forward, as this 50+ year Anglo/American/western price management scheme in the precious metals is in the process of breathing its last. It's been a long time coming -- and it's not possible to know over what time period this will play out, or what the end result will be. But far higher prices...plus permanent shortages in all four...is a certainty, as hoarding by nations in their own economic interests will become inevitable -- and the word 'unobtainium' will…

Building On The Historic Year We Just Lived Through In The Gold & Silver Markets!

December 26, 2025

We’ve just lived through a truly historic year in the precious metals markets, as we finally saw the (first?) short squeeze in the silver market, while the gold price continued to soar.

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