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Silver Commentaries

SALES EXPLODE: U.S. Mint Sells Another Million Silver Eagles Past Two Days

March 12, 2020

With the spread of the Global Contagion, the demand for physical precious metals has increased significantly. According to the U.S. Mint’s newest update, another million Silver Eagles were sold over the past two days. This brings to total Silver Eagle sales in March at 2.3 million, more than three times the previous month. On my last update, the U.S. Mint sold a total of 1,345,000 Silver Eagles as of March 9th. Over the next two days, another 975,000 Silver Eagles were sold for a total of…

COT Silver Report - March 6, 2020

COT Silver Report - March 6, 2020.

Silver and Sanity (video)

Silver is real money, not a debt-based fiat currency that will eventually fail. Silver bullion production requires capital and effort to mine and refine. We use it for solar panels, iPhones, cruise missiles and thousands of other items. Silver is monetary sanity.

COT Silver Report - February 28, 2020

February 28, 2020

COT Silver Report - February 28, 2020.

Precious Metals Investor Alert: Prices Are Heading into an Entirely New Market

February 27, 2020

As for silver, there is a TRADING WAR taking place at the important $18.50 Resistance Level. Once silver breaks through this level and closes above it on a monthly basis, I believe it will quickly move up to the next resistance level of $21.50..

Bear Stearns Déjà vu?

February 27, 2020

My point is this – I can’t assign precise or accurate odds on whether the big shorts will succeed yet again in rigging gold and silver prices low enough to induce a sufficient number of (mostly) managed money longs to sell and go short or they will fail in that attempt. So let’s call it 50 – 50, or even higher odds to the downside. But while the odds may be a tossup or even more configured for a selloff, there is no comparison between the likely price responses should the big shorts succeed…

Silver Market Update -- laggardly performance relative to gold

February 23, 2020

On the 2-year chart we can see the sharp advance out of the 2nd low of the Double Bottom last Summer, which itself is actually made up of a lower order Double Bottom, and how this has been followed by a lengthy period of consolidation that has allowed the 200-day moving average to largely catch up with the price. Silver has underperformed gold in recent months, as shown at the top of the chart, which is normal during the earliest stages of a major sector bullmarket, but On-balance Volume is…

COT Silver Report - February 21, 2020

February 21, 2020

COT Silver Report - February 21, 2020.

Waiting on COMEX Silver

February 19, 2020

COMEX silver has lagged, but it will soon break higher—toward $20 and then $22. Once this happens, the mining shares will accelerate higher with the likelihood of outsized annual gains for this sector clearly in sight. Thus we conclude with the old adage: Sit tight and be right. Watch those key, technical levels and allocate your assets accordingly.

COT Silver Report - February 14, 2020

February 14, 2020

COT Silver Report - February 14, 2020.

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