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Silver Commentaries

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.

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…

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