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Silver Commentaries

SILVERSEEK December Silver, Gold and Stock Update – Fortuna, SilverCrest, Inca One, Exeter, Seabridge, Gold Resource, Excellon, Timberline, SantaCruz

December 03, 2014

Switzerland’s rejection of the Gold Initiative on Nov-30th should have been welcome news to gold shorts unable to keep gold away from the $1,200 area, but instead the gold price surged in spectacular form. Dec-1st saw both silver and gold undergo huge rallies fueled by short-covering which reversed the gold price $80+ from its opening lows. Big swings in November should continue to dominate December’s trading.

Silver Market Update

December 03, 2014

On silver’s 6-month chart we can see how it broke well below its November lows in the early trade yesterday, in response to the “No” vote in Switzerland on the referendum on whether to partially back the Swiss Franc with gold, but then it came back strongly on big volume to almost entirely erase Friday’s sharp losses, leaving behind a large Bull Hammer on its chart.

COT Silver Report - December 1, 2014

December 01, 2014

COT Silver Report - December 1, 2014

Exchange Warehouse Silver Stocks: Large Declines Across The Globe

November 26, 2014

After experiencing a small build of inventory over the past few months, silver warehouse stocks at the Shanghai Futures Exchange are now back on the decline. Matter-a-fact, Shanghai Future Exchange (SHFE) silver stocks fell 11 metric tons today, nearly 10% in just one day. Silver warehouse stocks at the SHFE bottomed in September at 81 metric tons (mt), and then slowly increased to a peak in November….. this can be seen in the chart below...

Significant Drawdown Of U.K. Silver Inventories Due To Record Indian Demand

November 24, 2014

There was a huge development reported in the silver market last week and how did the precious metal community respond? They basically ignored it. Go figure. So, I will try again to get the word out by presenting it in a different fashion. Indian silver demand was so strong this year, that it produced a significant drawdown of U.K. silver inventories. Matter-a-fact, India had to access silver from China and Russia because available supplies from the U.K. were not sufficient.

Silver Mine Supply To Peak 2-3 Years & Drawdown Of LBMA Inventory – GFMS

November 23, 2014

According to GFMS, the world is expected to see a peak in silver mine supply in the next 2-3 years. This statement including this year’s supply and demand statistics were released in the GFMS 2014 Silver Market Interim Report for the Silver Institute.

COT Silver Report - November 21, 2014

November 21, 2014

COT Silver Report - November 21, 2014

SILVERSEEK – Monthly Silver & Gold Stock Update

November 17, 2014

The U.S. Fed’s announcement in October that it was ending quantitative easing capped a tough month for precious metal producers. The news triggered another wave of selling in gold dropping under $1,200 and silver falling even more aggressively to under $16. The fall only compounds challenges for producers whose third quarter results already show stress from the metal prices.

COT Silver Report - November 14, 2014

November 14, 2014

COT Silver Report - November 14, 2014

COT Silver Report - November 7, 2014

November 07, 2014

COT Silver Report - November 7, 2014

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