Skip to main content
loading
loading

Silver Market Updates

How High Will Silver Go?

July 22, 2020

The torrid rally in the silver market reached a major milestone this morning as prices hit $21/oz. On Monday, the silver spot price tracked by Money Metals Exchange closed at $20.12 (the futures market price settled at $20.19). That marks the first above-$20 close for silver since 2016.

What’s Going On With Silver?

Chris Marcus wanted my opinion about whether or not a silver “smash” was coming:  “I would never want to be as dogmatic as saying ‘never’ because anything can happen with a banking [and financial markets] system as corrupt as the one in the U.S.” But silver is historically cheap as an asset in relation to the universe of dollar-based financial assets and relative to the dollar-value of gold.  Until the global monetary system is reset, gold and silver going much higher price in ALL fiat…

How Silver Could Surpass Its All-Time High

July 22, 2020

We are now potentially after the all-time high of the Dow (Feb 2020), just like after the all-time high in January 1973. I have no doubt that silver will surpass the $50 level as well as the $225.20 to match the Dow’s performance since 1913. The important question is: How long will this take?

UPDATE: Silver Breaks Out Above $21, What’s Next For Investors?

July 22, 2020

The long-awaiting day has finally arrived.  After five long years, silver has finally reached its previous high of $21 set back in 2016.  So, now that the silver price has reached and broken through the $21 level, what’s next for investors?

Silver: Base Breakout & C Wave Rally

Silver was higher this past week, reaching 19.87, and closed at 19.76.                                                                 We continue to rally in wave (i) of 3, and within wave (i), we are now thrusting higher in wave -v- of (i). A run to the 21.23 high looks likely now before all of wave (i) ends.

Silver Market Update - close to breaking out of its giant base...

July 20, 2020

In conclusion silver is believed to be limbering up to break out of its giant base pattern, which is a development that it likely to trigger a steep rally that can be expected to spark a stellar rally in many silver stocks, many of which are either still somewhat depressed or only just coming to life.

Great Week for Silver & The Miners: Which Company Had the Best Stock Performance?

July 19, 2020

Here is the past week’s stock performance of eight of the leading primary silver miners. Fresnillo PLC’s stock price surged by 18% for the week, followed by double-digit gains from Hecla (13%), Coeur (11%), and Endeavour Silver (10%).  What’s interesting, is to see First Majestic underperform the group at only 1.8%, when it was the darling back in early 2016. 

Is There A Great Depression Coming?

We’ve only had one depression in modern times: the Great Depression, the worst economic downturn in the history of the U.S. and the industrialized world. With unemployment at levels unseen since the Great Depression — the worst economic downturn in the history of the industrialized world — one has to be wondering if the country will eventually dip into a major depression.

COT Silver Report - July 17, 2020

COT Silver Report - July 17, 2020.

Why Silver Prices Are Exploding

July 17, 2020

Silver prices have increased by almost 60% since March 2020. The price increase has been driven by dramatically increased physical demand. Indian silver jewelry exports have increased by 104%. If physical demand continues, as is likely, prices will probably rise dramatically further in September, 2020.

Subscribe to Silver Market Updates

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!