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Silver Commentaries

Silver Miners’ Q1’16 Fundamentals

The world’s elite silver miners just finished reporting their operating results from 2016’s first quarter, and they were impressive. This industry continued to drive its costs lower even as silver finally started mean reverting out of mid-December’s deep secular low. The silver miners are beautifully positioned to enjoy soaring operating profits as silver’s young new bull market continues gradually marching higher on balance.

OFFICIAL SOURCE: Global Silver Supply Deficit Surges On Revised Data

May 15, 2016

If the cumulative global silver deficit since 2004 of one billion ounces wasn’t large enough, a data revision published by the Silver Institute shows the actual figure was much higher. How much higher? A great deal when the additional revised amount would totally wipe out all the silver at the Comex and Shanghai Futures Exchange warehouses.

COT Silver Report - May 13, 2016

COT Silver Report - May 13, 2016

Surging North American Silver Investment Pushes Domestic Supply Deficit To New Record

May 11, 2016

What a difference since 2001… AYE? Total Silver Maple & Eagle sales in 2001 were less than 10% of U.S. and Canadian Mine supply. Thus, these two countries had plenty of silver to supply their investment needs that year. However, the U.S. and Canada had to import 33.7 Moz in 2015 just to produce these two Official Silver coins. While the U.S. and Canada can continue to import enough silver to meet its current needs, this may not be true in the future.

This Amazing Silver Trend Will Make Short Term Price Movements Irrelevant

May 09, 2016

While precious metals investors are concerned about the short-term price movements in silver, the real focus should be on this amazing silver market trend. When the silver market data finally came out in the new 2016 World Silver Survey (released May 5th), it really surprised me. And, it takes a lot to surprise me.

Is Gold more Important than Silver?

There is no logical reason for this, as my upbringing was about as “middle of the middle” as it could be. However, all the stories, movies, and lectures that have stood with me throughout my life have been those where the HEART was the significant theme. Where the underrated, or unexpected, or “underdog”, rose above adversity to win! To me the overall theme is that heart is greater than intelligence, training, coaching, and any other metric that goes through the human psyche.

COT Silver Report - May 6, 2016

COT Silver Report - May 6, 2016

The Historic Dow Jones-Silver Ratio Points To $300 Silver

May 05, 2016

That’s correct. Going by the historic Dow Jones-Silver ratio, it points to $300 silver. This may seem outlandish or a play on hype, but it isn’t. While many precious metals analysts have forecasted high three-digit silver prices, I didn’t pay much attention to them. However, after I looked over all the data, $300 silver is not a crazy figure at all.

Stand Aside JP Morgan, A New Player In The Silver Market Has Arrived

May 03, 2016

The days of JP Morgan controlling the silver market may be numbered as a new player in the silver market has arrived. For the past several years, JP Morgan held the most silver on a public exchange in the world. While the LBMA may hold (or did hold) more silver, their stockpiles are not made public. Regardless, JP Morgan held the most silver at nearly 74 million oz (Moz) in its warehouse, up until recently.

Silver Market Update - Meltup Mode?

May 01, 2016

The good news for the longer-term is that this action has at last broken it out from its long-term downtrend, but as we can see on the 6-year chart, it is now approaching a zone of strong resistance in the $18.50 - $19.50 zone, which, should it continue higher over the near-term, should call a halt to the advance. Should the dollar break down soon from its potential top, however, then both gold and silver could go into meltup mode, in which case silver could break smash through this resistance…

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