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Silver Market Updates

Whither Peak Silver?

March 21, 2016
By SilverSeek

The United States Geological Survey recently published its silver summary and it turned out to be yet another record year of global mine production for silver. The 2015 estimate will be revised, but in the last twenty years, only four years (2000, 2003, 2005, and 2011) have been revised downwards in the subsequent summary.

Silver – A Long-Term Perspective

March 21, 2016
By SilverSeek

The price of silver, as indicated by the ratio to the DJIA, is near a multi-decade low. Expect the price of silver to rally substantially in 2016 – 2020. $50 silver is coming, probably fairly soon. $100 silver will take longer.

Silver Gone Wild

March 21, 2016
By SilverSeek

This week, scarcity synced back up with the price of the dollar again. Note the big drop in the cobasis, and big rise in the basis. Silver for May delivery is in a nice contango, though the 38 bps you could earn to carry silver is a bit under LIBOR. The silver fundamental dropped over a nickel this week. It’s more than a buck below the market price.

Silver Soars 4%, Gold Consolidates On Dovish Fed

March 18, 2016
By SilverSeek

Silver rose 2% yesterday and has surged 4% this week to over $16 per ounce as the Federal Reserve flip flopped regarding interest rates and lowered its expectations for rate rises this year from four back to two or just one rate rise due to “global risks.”

Silver Fundamentals: The Numbers Don’t Lie

March 18, 2016
By SilverSeek

Many readers are familiar with this cliché, but few understand its real significance . Numbers don’t lie, meaning the raw data which we collect on a nearly infinite number of subjects. Statistics, on the other hand, are rarely just raw data. Instead, they are numbers that have been massaged (i.e. manipulated) with various adjustments.

David Morgan: Silver under $16 Is Limited, Serious Backlash If Futures Market Breaks

March 16, 2016
By SilverSeek

Coming up we’ll hear from David Morgan of the The Morgan Report to get his take on the advance in the metals so far this year, how long it’s likely to continue, and whether or not the Silver Guru is concerned that silver is lagging gold during this rally. Don’t miss a fantastic interview with David Morgan coming up after this week’s market update.

Silver Peak Likely Only After Dow Crash & Major Bottom

March 14, 2016
By SilverSeek

So, what significance does this have for the silver price in the future? It will help to determine when silver is likely to peak during the coming silver rally. Based on the fractal analysis on the first chart (above), silver is only likely to peak some time after the next major Dow bottom.

US Mint Experiences Strongest Silver Eagles Sales Ever in February

March 11, 2016
By SilverSeek

The US Mint recorded their best ever sales for their American Silver Eagles. These coins are a staple in the world silver market for those looking to protect their wealth in precious metals. The stunning performance throughout the month of February saw the mint sell a record-breaking 4,782,000 coins. This marks the 11 th-highest month of sales for this coin since its inception in 1986.

Silver Market Morning: March-10-2016 - Gold on the back foot waiting for the ECB!

March 10, 2016
By SilverSeek

Gold closed in New York at $1,253.90 down from $1,261.40 Wednesday. In Asia this morning, it moved lower to $1,245 and then held there in London until the LBMA price setting was set at $1,247.25 down from $1,258.25. The dollar index is slightly higher at 97.37 down from 97.17 on Tuesday.

Silver Cheapest To Gold In 7 Years – ETF Holdings Surge

March 10, 2016
By SilverSeek

Silver hasn’t been so cheap relative to gold for more than seven years and with silver ETF holdings having surged in recent days, silver coin and bar demand very robust and mine supplies forecast to contract this year, there are signs that silver is set to resume its bull market and outperform gold once again.

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