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Silver Commentaries

Six U.S. Banks Hold over $1-TRILLION Dollars in Precious Metals Derivatives

December 30, 2025

This would indicate that these six U.S. banks held a derivatives position in the precious metals something north of $1 Trillion dollars at the end of Q3/2025 -- and is more than comfortably above that amount now. ... But with JPMorgan holding 62.1% of all the precious metals derivatives... Citibank holding 29.0% -- and Bank of America about 7% of the total of the four reporting banks, it's only JPMorgan and Citigroup that matter.

Silver Squeeze 2.0 Drives Price Over $80

December 30, 2025

Silver surged above $80 an ounce, capping a meteoric rally that drove the metal’s price up 176 percent over the year.

Money Metals Podcast Year-End Roundtable: Gold, Silver, and Sound Money in 2025

December 29, 2025

Rather than treating rising prices as a simple story of “more buying,” the guests describe a market that changed character during the year.

NOTICE: Silver Price "Rerate" In Progress...

December 29, 2025

Silver's extraordinary "rerate" to much higher price levels continued apace over the Christmas holiday, adding another $5 while exceeding $77 per ounce.

Ted Butler's "Bonfire" & Terra Incognita

December 27, 2025

We are in terra incognita going forward, as this 50+ year Anglo/American/western price management scheme in the precious metals is in the process of breathing its last. It's been a long time coming -- and it's not possible to know over what time period this will play out, or what the end result will be. But far higher prices...plus permanent shortages in all four...is a certainty, as hoarding by nations in their own economic interests will become inevitable -- and the word 'unobtainium' will…

Building On The Historic Year We Just Lived Through In The Gold & Silver Markets!

December 26, 2025

We’ve just lived through a truly historic year in the precious metals markets, as we finally saw the (first?) short squeeze in the silver market, while the gold price continued to soar.

Silver, Gold and...Peppermint?

December 26, 2025

Let’s be honest, Yukon was a little misguided. He would have been a lot better off finding silver and gold!

Gold & Silver Rally Again In Volatile Pre-Holiday Session

December 24, 2025

China has also announced that they will begin restricting silver exports in 2026, and I think these developments have a lot to do with what’s happening with the silver price right now.

COMEX Position Changes, Silver Price Analysis

December 24, 2025

If the Banks become increasingly cautious in creating and adding new shorts, then the price will have to rise to a point each day where sellers of existing contracts appear.

Man Learns Not to Pack Silver Coins in Checked Bag the Hard Way

December 22, 2025

Take care of your gold and silver, and don't trust just anybody with it.

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