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Silver Commentaries

Four Top Primary Silver Miners Production Plummets

August 05, 2017

In an interesting change of events, production at four of the top primary silver miners plummeted during the second quarter of 2017. This goes well beyond normal fluctuations in mining companies production figures during different quarterly reporting periods. The company with the least percentage decline in silver production still suffered a 20% reduction of mine supply in the second quarter. According to recently released company data, silver production declined between 20-34% from these…

COT Silver Report - August 4, 2017

COT Silver Report - August 4, 2017

The Key Test Ahead

August 04, 2017

Before getting into the subject of today’s title, allow me to update a couple of topics previously discussed. Last Wednesday, I offered a review of world silver inventories in which I concluded that there were roughly one billion oz in fully documented inventories of metal in industry standard 1000 oz bars and perhaps another 500 million to one billion additional oz in unverified holdings; making a grand total of 1.5 to 2 billion oz for world silver inventories in, essentially, the only form…

Silver Analogies – Invalidated?

August 04, 2017

Summing up, the situation in silver continues to be bearish even though it doesn’t appear to be the case at first sight and the key reason for it seems to be silver’s link to the USD Index and the recent performance of the latter. Once the USD stops declining, silver’s bearish potential is likely to become more and more visible. Should the USD reverse in a volatile manner, silver could truly plunge.

Silver Investment: Outperformed Gold In This Major Sector

August 01, 2017

Precious metals investors may not be aware, but silver investment has seriously outperformed gold in this major market sector. Even though precious metals sentiment and sales are currently lower than they were over the past several years, this is only temporary pause before the market surges as the highly inflated stock market finally cracks and plunges lower. When we start to witness a huge correction or crash in the broader stock markets, there only be a few physical assets worth owning…

Chile’s Silver Production Down A Stunning 32%

July 30, 2017

In an interesting change of events, the world’s fifth largest silver producer saw its production plunge 32% in May versus the same month last year. Chile, a country which produced a record high of 54 million oz of silver in 2014, is forecasted to see its mine supply decline to less than 40 million oz in 2017. According to the most recently released data by COCHILCO – Chile’s Ministry of Mines, the country’s silver production in May fell to 97.1 metric tons (3.1 million oz) versus 141.9…

COT Silver Report - July 28, 2017

COT Silver Report - July 28, 2017

SILVER GREEN ALERT - ONE OF THE BEST BUYING OPPORTUNITIES FOR YEARS...

July 23, 2017

There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally…

COT Silver Report - July 21, 2017

COT Silver Report - July 21, 2017

Gold/Silver Shorts Extreme

The gold-futures and silver-futures short positions held by speculators have rocketed up to extremes in recent weeks. These elite traders are aggressively betting for further weakness in gold and silver prices. But history has proven extreme shorts are a powerful contrarian indicator. Right as speculators wax the most bearish as evidenced by their collective bets, gold and silver decisively bottom and birth major new rallies.

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