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Silver Commentaries

Silver Market Update

September 10, 2017

On its long-term 10-year chart silver superficially looks like it may still be in a bearmarket, but on more careful inspection we can see that a large Head-and-Shoulders bottom pattern is completing, which is tilted compared to the similar pattern that is completing in gold, because silver tends to underperform gold at the end of bearmarkets and the beginning of bullmarkets. As we can see, unlike gold, it is still some way from breaking out of this base pattern, but should do so not long after…

COT Silver Report - September 8, 2017

September 08, 2017

COT Silver Report - September 8, 2017

Eight Crooks Against The World

September 08, 2017

I’d like to share what may be a different way of looking at the gold and silver market, but still remain focused on what has been the primary driver of price – changes in the COMEX futures market structure. It has become fairly common knowledge that prices rise when the managed money traders buy and prices fall when these traders sell. So great is the effect on price of this COMEX derivatives positioning that it is discussed in more commentaries than ever before. And that is due to what has…

Silver Market Update - Looking Bullish

September 03, 2017

The long base pattern in silver continues with positive price / volume action of recent weeks suggesting that it is approaching completion. On its 10-year chart we can see the giant Head-and-Shoulders bottom pattern that has formed in silver, which parallels the one in gold, but is downsloping because silver tends to underperform gold at the end of bearmarkets and early in bullmarkets. The volume buildup of recent months is bullish, especially as it has driven volume indicators sharply higher,…

COT Silver Report - September 1, 2017

September 01, 2017

COT Silver Report - September 1, 2017

Silver Miners’ Q2’17 Fundamentals

The silver miners’ stocks have largely languished this year, grinding sideways near lows for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q2’17 results reveal today’s silver prices remain profitable.

Silvercorp Quarterly Earnings Up 107%

September 01, 2017

On August 3rd, SilverCorp Metals Corp. (TSX/NYSE Amercian:SVM ) released positive first Fiscal quarter 2018 financials. -The company reported sales were $39.7 million, up 13% compared to $35.3 million in the same quarter last year. Head grades improved marginally at the Ying Mining District and the company reported a $4.3 million gain on its balance sheet for the quarter from its sale of its net-smelter-royalty (NSR) in the Silvertip mine. Overall, the company has a strong position with…

INVESTORS RETURN: U.S. Silver Eagle Sales Surge Over Past Two Days

August 31, 2017

While interest and sentiment in the precious metals have been depressed compared to the preceding month, this all changed during the past few days. This trend change is particularly the case for silver. Even though Silver Eagle sales have been much weaker this year, positive signs show that investors still believe in acquiring the shiny metal when fear and uncertainty enter into the markets.

COT Silver Report - August 25, 2017

COT Silver Report - August 25, 2017

COT Silver Report - August 18, 2017

COT Silver Report - August 18, 2017

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