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Silver Commentaries

COT Silver Report - December 2, 2016

December 02, 2016

COT Silver Report - December 2, 2016

Peak Silver And Continued Supply Deficits Warn Of Future Higher Prices

November 28, 2016

What is interesting here, is that GFMS forecasts the number one silver producer, Mexico, to be down in 2016 by more than 6 Moz. Last year, I forecasted that global silver production would likely be lower in 2015. I was going by data by the “World Metals Statistics.” However, Mexico’s INEGI (government agency) considerably revised their figures higher for 2015. While I have seen revisions take place, the revisions by Mexico’s INEGI for 2015 were quite substantial.

COT Silver Report - November 28, 2016

November 28, 2016

COT Silver Report - November 28, 2016

Silver Miners’ Q3’16 Fundamentals

The silver miners recently finished reporting their third-quarter results, offering a hard fundamental look into this sector. This reality check is valuable given the fierce winds of bearish sentiment buffeting silver stocks in recent months. Despite their huge correction, the elite silver miners’ fundamentals remain strong. They are producing at costs far below prevailing silver levels, with profits poised to soar as silver recovers.

Silver Market Update - About Face

November 20, 2016

Silver had actually broken down from its uptrend at the time of last update, and well before the US election, but it was thought to look positive going into the election, because it was ascending off an important support level and from a rising 200-day moving average, and the outcome may have been positive had Trump lost as expected, but he won, which triggered a sharp rally in the dollar and an about face and plunge in both gold and silver.

The U.S. Silver Market Experienced Two Significant Developments In August

November 20, 2016

This large jump in U.S. silver imports is interesting as demand for the iShares Silver ETF was basically flat in August. Even though the SLV ETF silver inventories surged during the first half of the year, it was relatively flat in July and August. What I found also quite interesting is that the U.S. imported 55 mt of silver from Poland in August which was half of their total monthly mine supply. Poland produces about 105 mt of silver a month. Normally, Poland exports no more than 10-20 mt…

COT Silver Report - November 18, 2016

November 18, 2016

COT Silver Report - November 18, 2016

COT Silver Report - November 14, 2016

November 14, 2016

COT Silver Report - November 14, 2016

COT Silver Report - November 4, 2016

November 04, 2016

COT Silver Report - November 4, 2016

Global Interest In Silver Investment Expands As South Africa Adds New Silver Krugerrand

October 31, 2016

As interest in silver investment expands throughout the world, the South African Mint will produce its first 1 oz Silver Krugerrand, to be released this November. This is quite remarkable as the South African Mint has been producing Gold Krugerrands since 1967. Matter-a-fact, the South African Mint has produced over 50 million oz of Gold Krugerrands over the past 49 years. It is the largest Official Gold coin producer in the world. The U.S. Mint’s Gold Eagle comes in second with over 22…

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