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Silver Commentaries

Silver Market Update - looks considerably weaker than gold, although..

May 20, 2019

On silver’s 1-year chart it still looks like it is moving to complete a Cup & Handle base, because the pattern roughly parallels the pattern completing in gold, although the downwardly skewed Handle is driving the price back down towards the vicinity of the lows of the Cup. A breakout from the Handle downtrend will be bullish although this doesn’t look likely short-term because of adverse seasonal factors.

COT Silver Report - May 17, 2019

COT Silver Report - May 17, 2019.

COT Silver Report - May 10, 2019

May 10, 2019

COT Silver Report - May 10, 2019.

Two Inglorious Anniversaries

May 08, 2019

If you can learn anything from this unfortunate bit of British history, it's this: Western governments will stop at nothing to support and enable The Bullion Banks as they endeavor to maintain control of price through the current "LBMA/COMEX Gold Pool". Brown's decision to liquidate over half of his country's gold reserves at the price lows twenty years ago simply underscores this unfortunate fact. This month also brings the eighth anniversary of the May Day Massacre. This event, which…

COT Silver Report - May 3, 2019

COT Silver Report - May 3, 2019.

A Voice From the Grave?

May 02, 2019

The news that Bart Chilton, the former commissioner of the CFTC, suddenly passed away was truly sad but also shocking, so much so that some were given to fabricating conspiracy-type explanations. Chilton certainly had a larger than life persona and many came to appreciate his colorful pronouncements, enthusiasm and willingness to respond to just about everyone who contacted him – qualities quite rare in a regulator. I learned this first-hand very early on when I started communicating with…

More Trouble in Mexico: Second Largest Silver Mine Suspended Operations

May 01, 2019

In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico. The Penasquito Mine, which produced more than a 500,000 ounces of gold and 25 million ounces of silver in a single year, has been dealing with a blockade of its operations since March 27th. The blockade was started due to issues with the local community in regards to water supply concerns and problems with a trucking contractor…

Silver Market Alert: Powerful Bullish Setup Takes Shape

May 01, 2019

Commercial hedgers and bullion banks (i.e., “smart money”) in the silver futures market have significantly trimmed their short positions over the past couple weeks – a bullish development. While their net positioning isn’t yet at an extreme, it is more favorable than not for a price rally to commence in the near future. Of course, neither futures traders nor chart patterns are 100% reliable. Nor do they have any particular implications for where prices may be headed years from now.

No one in authority helped the monetary metals cause as much as Bart Chilton did

April 29, 2019

While the former member of the U.S. Commodity Futures Trading Commission, Bart Chilton, disappointed some monetary metals investors, he was a hero to GATA for several reasons. First, he forced the commission to take public testimony from GATA Chairman Bill Murphy and GATA Director Adrian Douglas at the commission's much-publicized hearing on the monetary metals markets in March 2010. This brought national attention to our issue. Second, he repeatedly gave credence in public to complaints…

COT Silver Report - April 26, 2019

COT Silver Report - April 26, 2019.

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