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Silver Commentaries

COT Silver Report - September 06, 2019

September 06, 2019

COT Silver Report - September 06, 2019.

India Silver Imports Tripled In July As Prices Rise

September 04, 2019

As the silver price began to take off in July, Indian silver imports surged three-fold versus the same period last year. Something must have motivated the Indians to import more silver because the summer months haven’t typically been a strong buying season. However, one factor that may have caused the huge increase of Indian silver demand in July may have been due to the big jump in the gold price.

COT Silver Report - August 30, 2019

COT Silver Report - August 30, 2019.

Silver Miners’ Q2’19 Fundamentals

The bottom line is the major silver miners had a challenging Q2. Silver languished the entire quarter, on its way to horrific quarter-century-plus lows relative to gold. Silver didn’t start perking up until mid-July, after gold’s decisive bull-market breakout had lasted long enough to convince traders gold’s upside was real and sustainable. So silver miners’ operating cash flows and earnings were way down last quarter. That will really change in Q3 as long as silver doesn’t plummet…

Why Silver Is Better Than Gold

August 29, 2019

While the surging gold price has received most of the spotlight in the market, silver will outperform the king monetary metal over the longer term. Key fundamental factors make silver the more attractive asset and investment to own versus gold when we look closely at the data. However, that doesn’t mean precious metals investors shouldn’t own gold. Investors need to own both precious metals, but I believe silver will provide better returns than gold in the future.

Silver Is Ready To Take Out Key Levels

August 28, 2019

It still has a lot of work to do, but this is likely to happen quickly now. The stock market is still near all-time highs, and is looking very vulnerable to a massive collapse. This will provide the acceleration that silver needs to move even faster.

COT Silver Report - August 23, 2019

COT Silver Report - August 23, 2019.

The Silver Price Surges Higher As Mine Supply Falls In Top Producing Countries

August 23, 2019

As the silver price rally continues, mine supply from three of the top producing countries fell significantly this year. Peru, Chile, and Mexico all reported declines in silver mine supply in the first half of the year, with Peru suffering the largest dropoff. With these three countries accounting for 45% of total global silver production, a reduction in mine supply can impact the overall market. According to the mine supply data reported by each country, Peru’s silver production is down…

On The Job Training

August 23, 2019

Tuesday’s announcement by the Justice Department of a guilty plea by a long term former trader from JPMorgan for spoofing COMEX precious metal futures was the second such guilty plea since October. Both traders are cooperating in the DOJ’s ongoing investigation. While it took way too long for the Justice Department and the CFTC to finally crack down on spoofing, I suppose it’s a case of better late than never. And there can be little doubt that the regulators have cracked down on the…

The Outlook For COMEX Silver Improves

August 21, 2019

Over the past few weeks, I've often stated in public interviews that an expansion of the Gold:Silver Ratio to 100 would not surprise me—meaning that COMEX gold could go to $1700 while COMEX silver remains near $17—before a "substitution effect" finally forces The Banks to retreat and silver moves higher. While this may still be the case, a couple of changes over the past few weeks have led me to consider a different, short-term outlook for COMEX Digital Silver. Let's start with that…

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