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Silver Commentaries

One of These Silver Days is Not Like the Other, 23 July

July 23, 2020
By Keith Weiner, Monetary Metals

We broke the day down into 4 segments, to show 4 different trends. In trend 1, we see a rising basis while the price is moving sideways and then down. The move down is not small—75 cents. We crossed out the brief spike in basis and drew a blue line to bridge the gap, as we think the spike was spurious (it occurred before the trading day opened in London). Next in trend 2, there is a big drop in basis, from about 8.5% to well under 5.5%. This occurs with a volatile price, which moved up from…

In Honor Of Silver's Epochal Breakout...

July 23, 2020
By Clive Maund

The purpose of this update is to celebrate and mark silver’s powerful breakout from a giant base pattern that started to form as far back as 2013 – 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today’s advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn’t mean it can’t drop back again it makes it less likely, and even if it does it is likely to soon turn up again.

The Silver Bull Gateway Is at Hand

July 22, 2020
By Gary Tanashian, NFTRH

The target of the daily and weekly chart patterns is 24+. We have had this loaded in much the same way and for the same technical reasons we’ve had an initial target of 375 loaded on the HUI gold stock index since last year. Much like HUI’s daily/weekly chart patterns now agree with the target of its big picture monthly chart so too do silver’s shorter-term charts agree with its big picture objective.

Silver Eyes Key Breakout Levels as Inflation Heats Up

July 17, 2020
By Mike Gleason, Money Metals

Gold and silver markets advanced early this week, with silver leading the way.  On Thursday, the metals sold off a bit as the U.S. dollar gained. The major trend for the dollar, however, is down. The Dollar Index has been grinding lower since mid March, when it put in a spike high.  Silver finally broke through $19 level with a strong close above it on Monday.  There hasn’t yet been much follow-through. Although silver has continued to close above $19, we’re not seeing a big momentum push…

Silver Demand Exploding!

July 17, 2020
By Adam Hamilton, Zeal Research, Zeal LLC

Silver investment demand is exploding in recent months, skyrocketing higher in wildly-unprecedented fashion!  That has catapulted silver sharply higher since mid-March’s COVID-19-lockdown stock panic.  Accelerating even in this usually-weak summer season, the massive capital inflows deluging into silver show no signs of abating.  This is very bullish for silver, yet most traders remain unaware it is happening.

Is Silver on the Brink of a Major Move?

July 17, 2020
By Marin Katusa

Silver (or ‘Argentum’ in Latin) has been a prized metal since antiquity. Though too brittle to forge swords or armor, its luster and rarity made it a prized medium of exchange. Powerful empires from Ancient Rome to Imperial Spain couldn’t mine enough of it. Silver coins became the unit of account in many important currencies: the Greek Drachma; the Roman Denarius, the Islamic Dirham and the Spanish dólar.

Ted Butler: The Silver Pressure Cooker; hefty deposit into SLV

July 12, 2020
By Ed Steer, Gold and Silver Digest

There was a small withdrawal from GLD yesterday, as an authorized participant removed 11,591 troy ounces. But there was another pretty hefty deposit into SLV yesterday, as an a.p. added 4,843,904 troy ounces. The new short reports came out for SLV and GLD yesterday. The short position in SLV rose from 16.61 million shares/troy ounces, up to 17.47 million shares/troy ounces...an increase of only 5.17 percent, which is basically nothing at all. The short position GLD fell from 1,090,000…

The Silver Pressure Cooker

July 10, 2020
By Ted Butler, Butler Research

The silver market appears ready to blow its top, much like a pressure cooker whose relief valve stopped functioning even as the heat and pressure continued to build. The gold market is also likely to overheat, but at least in gold, its relief valve - the price of gold - appears to be functioning somewhat and has bled off much of the pressure. After all, the price of gold is up substantially on a year-to-date basis and is not that far from all-time highs. While gold looks poised for further…

Rick Rule: Silver to Move Further and Faster Than Gold

July 07, 2020
By Chris Marcus, Arcadia Economics

A lot of silver investors are watching the gold price and wondering, “when is silver going to move?” Well, it turns out that’s nothing new, as Rick Rule of SprottGlobal explains how that’s been the case for the previous 8 rallies he’s lived through. Although while US silver investors aren’t always the most patient lot, Rick also mentioned how when it’s silver’s time, silver moves further and faster than gold. Which is certainly good news given the current conditions, and to find out more,…

Silver Offers A Golden Opportunity To Preserve Soon To Be Destroyed Value

July 04, 2020
By Hubert Moolman

The fundamentals for silver and gold are very strong, and with all the massive bailouts and stimulus, which have increased debt levels, they are just getting stronger. Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals.

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