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Silver Market Updates

Silver Bullion Market Has Key New Player – China Replaces JP Morgan

May 04, 2016
By SilverSeek

The silver bullion market has a key new player – Enter the Dragon. The Shanghai Futures Exchange in China is replacing JP Morgan bank and its clients as the most significant new source of demand according to a very interesting blog with some great charts and tables published by SRSrocco Report yesterday.

This Rarely Seen Chart Signals a Raging Silver Bull Market...

May 03, 2016
By SilverSeek

Federal Reserve officials hinted at a rate hike as soon as next month, but that prospect did little to support the U.S. dollar or hinder precious metals. Gold and silver prices have surged to new highs for the year while the dollar made a new low.

Silver Market Morning: May-3-2016 - Gold attacks $1,300, silver strong!

May 03, 2016
By SilverSeek

The Shanghai Gold Fixings today again show a real rise in the price of physical gold as the number of the Yuan in dollars rose [weakened]. But a significant weakening of the dollar helped the gold price rise to $1,300. The rise in the gold price held in London ahead of the LBMA gold price setting.

Silver Wheaton: The Ultimate Streaming Service

May 02, 2016
By SilverSeek

Royalty companies can often minimize political risk because they don’t normally deal directly with the governments of countries their partners are operating in. This is especially valuable when working with miners that operate in restrictive tax jurisdictions and under governments with high levels of corruption. Silver Wheaton’s contract with Brazilian miner Vale, for instance, stipulates that Vale is solely responsible for paying taxes in Brazil, which are among the highest in Latin America…

Did The Big Silver And Gold Market Event Arrive?

May 01, 2016
By SilverSeek

On the US Dollar index chart, I have marked the two fractals (1 to 3). I have also indicated the relevant silver tops and bottoms to show how the patterns exist in similar conditions. Furthermore, if you look on the Dow chart, you will see that the Dow peaked just before point 3 on both patterns. If this comparison is justified, then we will see a big drop in the Dow and the US dollar index soon. This is consistent with my long-term analysis of the Dow and the US Dollar index. While this is…

Market Report: Dollar down, gold up

April 29, 2016
By SilverSeek

The dollar’s weakness coincides with a growing realisation that the Fed is trapped when it comes to raising interest rates. Following a two-day FOMC meeting, there was no change in the Fed Funds Rate, with the usual jaw-jaw about conditions not deteriorating, so we can expect a rise in rates perhaps mid-year.

Silver: The “Five Year Plan” and the Great Leap Forward

April 28, 2016
By SilverSeek

Five years ago paper silver contracts on the COMEX hit a multi-decade high over $48 on April 29, 2011. At the end of April 2016 the silver price is bouncing around $17, down about 65% from its April 2011 high. The low occurred at about $13.60 in December of last year, when paper silver prices were down about 70% from their April 2011 high.

Silver Sell Signal Begins Its Long Term Rise

April 27, 2016
By SilverSeek

It may seem odd talking about sell signals at the beginning of a new bull market for silver, but let us get into perspective what bull markets are all about. Silver has seen strong buying in the retail sector as investors snap up silver eagles and similar bullion coins. Likewise, the silver ETFs as a group are near record levels.

Silver Bullion “Momentum Building” As “Supply Trouble Brewing”

April 27, 2016
By SilverSeek

“There are signs that this year could be a pivotal year for the silver market,” New York-based CPM Group said in its “Silver Yearbook 2016.” “Silver mine supply is forecast to decline for the first time in 2016, since 2011,” CPM said, noting scheduled closures and planned production cutbacks.

Grave Silver Mistake

April 27, 2016
By SilverSeek

This is a measure of silver stocks moving from one place to another. This statistic might be important to businesses in the trade, such as refiners and depositories. It is not useful in predicting the price. Ironically, the big gain in ETF inventories may be metal coming from Asia. Metal flows from where it is cheaper to where it is priced more richly. If speculators relentlessly push up the ask price on the ETFs, then they will draw in metal from where it is cheaper. To underscore our point…

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