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Silver Commentaries

This Inflation-Adjusted Silver Chart Tells An Interesting Story

August 04, 2020
By Hubert Moolman

It was an important level to cross on the way to the 1980 high, evidenced by the fact that it came back to that level (after it blast through in Dec 1973) before setting off to that all-time high of $118 ($50 in nominal terms).

Massive Investment Demand Puts Silver Back On The Mainstream Radar

July 31, 2020
By Steve St. Angelo, SRSrocco

With silver up 30% for the month, the shiny metal is now back on the Mainstream Media Radar.  Yeah, it’s been seven long years since silver traded at $24, but now it looks as if it is just in the beginning stages of a new Bull Market. Last Friday, CNBC ran an interview with Bill Baruch, president of Blue Line Capital.  He said that when silver was trading at $22 on Friday, he expected more gains.  And, this precisely what took place this week.

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months

July 29, 2020
By Steve St. Angelo, SRSrocco

Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months.  By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver bullion coins at the same time.  Thus, if demand continues to be strong for Gold and Silver Eagles, we could see higher premiums in the future.

Gold and Silver Are Just Getting Started

July 28, 2020
By Frank Holmes, CEO, CIO of U.S. Global Investors

The U.S. Mint made an unusual request last week. In a press release dated July 23, the bureau literally begged Americans to start putting coins back into circulation by spending or depositing them. As you may have noticed, people just aren’t making transactions with coinage like they used to. That’s especially the case now in the age of the coronavirus. With many people sheltering-in-place, billions of dollars in everyday purchases are being made online that in normal times would have…

Silver’s Surge Leaves Naysayers in the Dust

July 27, 2020
By Stefan Gleason, Money Metals

With silver breaking out decisively to the upside, bears are running for cover. We had noted in our July 13th News Alert, “We are paying especially close attention to the bull vs. bear tug-of-war in the silver market around $19/oz. If the bulls yank prices decisively above that level on a strong close, short covering by capitulating bears could help drive a powerful breakout rally.” That’s exactly what happened. The rally really accelerated once the $20/level was taken out last Monday…

Silver’s Biggest Weekly Gain in 40 Years

July 27, 2020
By Frank Holmes, CEO, CIO of U.S. Global Investors

The best performing precious metal for the week was silver, up 17.79 percent. Silver had its biggest weekly gain in nearly 40 years and could keep soaring. The metal hit its highest level since 2013. Mike McGlone, commodity strategist at Bloomberg Intelligence says the white metal could eventually climb to $30 an ounce amid a broad-based bull market for precious metals. McGlone predicts the metal will stay between $20 and $25 for an extended period before moving higher. The Global X Silver…

Big Change in Silver: New Bull Market Is Here

July 27, 2020
By Steve St. Angelo, SRSrocco

Something BIG happened to silver this week.  Due to certain positive indicators, I believe silver is now in a new Bull Market.  It has been seven long years since the silver price was $23.  And with the current momentum, we may see another leg higher this week.

A Record 44.25 Million Oz. of Silver Added to All ETFs and Mutual Funds During This Past Week

July 26, 2020
By Ed Steer, Gold and Silver Digest

The gold price traded quietly and unevenly sideways until around noon China Standard Time on their Friday.  It was sold down to its low tick of the day by shortly after 1:30 p.m. CST -- and its subsequent rally was capped just minutes after 9 a.m. in London.  From that point it was sold lower until around 11:45 a.m. BST.  The ensuing rally ran into 'something' at 9:30 a.m. in New York -- and it was sold lower for the next fifteen minutes.  It rallied a bit from there -- and then traded mostly…

Gold, Silver Very Overbought

July 24, 2020
By Adam Hamilton, Zeal Research, Zeal LLC

Both gold and silver surged dramatically higher this past week, propelled by torrents of investment capital deluging in. The resulting major new highs are really exciting, unleashing widespread fear-of-missing-out buying. But the precious metals’ blistering jumps have left them very overbought. They have come so far so fast they are at and above technical extremes that have proven unsustainable. So caution is in order here. Gold and silver are powering higher on balance in secular bull…

The Gold and Silver Markets Have Changed… What About You?

July 24, 2020
By David Smith, The Morgan Report

We tend to spend a lot of time looking into the rearview mirror, especially when under duress. Connected to this is something psychologists call "recency bias." This simply means that what has happened in the near to intermediate past tends to inform and influence us as to how we should behave in the future.

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