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Silver Commentaries

Extreme COMEX Delivery Demand Continue

So, anyway, let's just conclude with this. Please do not rush out of here thinking that the COMEX will soon collapse. The weight of all this delivery demand may eventually lead to a force majeure-style failure, but that's very likely not coming this month or next. The CME, the LBMA, and The Banks will work to protect their pricing scheme until the very last moment, so it would be foolish to think they're going to meet a quick end. However, their fate was sealed in late March, and like a…

$10 Silver Certificate Would Buy $333 Worth Of Silver Today

June 27, 2020

A $10 bill today doesn’t buy as much as it used to.  Yes, indeed… the $10 Federal Reserve Note today would only buy a little more than a half-ounce of silver.  However, back in 1934, a $10 Silver Certificate would purchase 18.5 ounces of silver.  Try doing that today.

The Final Chapter

June 25, 2020

All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of some type of government interference. The US Government both supported and then depressed the price of silver for a hundred years prior to 1983, first by amassing more than 5 billion ounces and then by disposing of same.

UPDATE: New Silver Supply Is Drying Up Faster Than Death Valley

June 25, 2020

The annual data for silver supply is in, and it shows that the structural decline in new supply for the silver market has strengthened. It is not temporary, and can’t be easily resolved or reversed. The main issue is the deterioration in mine production, although scrap sources are falling as well. This is important because much of the bullion you and I buy comes from newly-mined silver. Secondary sales (bullion products that have been previously bought and sold) will always have a place in…

Which Country Is the Largest Silver Investor In The World??

June 25, 2020

Over the past decade, these top five countries were the leading silver investors in the world. From 2010 to 2019, citizens in these countries invested over two billion ounces of silver bars and coins. Which country was the largest investor of silver? Actually, I was surprised by the data.

Silver Is Still Cheap For Now

June 25, 2020

Silver is still near all-time lows in many ways. One of the most significant measures wherein silver is at an all-time low, is its price relative to the amount of US dollars (US monetary base) in existence. Below, is a long-term chart of the silver price relative to the US monetary base..

Gold, Copper and Silver are Must-Own Metals

The US government and policymakers around the world have no choice but to unleash massive stimulus programs to help their citizenries to deal with the worst recession since World War II.  The $2.2 trillion relief package Trump signed into law on March 27 is just the beginning, with the Treasury Department now seeking $250 billion more for small business loans. If House Democrats and the president can agree on a Phase 4 spending deal, targeting infrastructure, that would mean another $2…

Waiting on COMEX Silver

However, once we get into July, the pressures noted above will evaporate and it is then that you can expect COMEX silver to begin moving higher with COMEX gold. With COMEX gold moving above $1800 and the gold:silver ratio moving below 100, we should expect a move toward $19 and then $20. But here are two other, lesser-known indicators that signal this move will soon be forthcoming.

Major Factor to Invest in Silver: Five Billion Ounces of Mine Supply Economically Lost in Past Decade

June 19, 2020

Silver will likely turn out to be one heck of a better investment than gold due to the rarity of the metal and lack of available supply in the future.  While gold has stolen the show recently, I’ll bet my bottom Silver Dollar that silver will outperform gold during the next financial-currency crisis.

New All-Time High Silver Price within Two Years says Analyst Chris Marchese

Chris Marchese is the chief mining analyst at SilverSeek.com & GoldSeek.com.  In this interview, he shares that he foresees a new all-time high silver price within two years.  Chris also offers his take on where the gold price is headed and whether we will see doldrums or fireworks in the precious metals sector this summer.  He also provides commentary on the junior mining sector and how he arranges his mining portfolio.

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