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Silver Market Updates

Andy Schectman: Dealers Paying Above Spot For Gold and Silver

April 03, 2020
By SilverSeek

Andy Schectman: #Gold and #Silver Dealers Now Paying Above Spot For #Metal Gold and silver demand continues to surge, amid refinery and mint shutdowns, as well as unlimited quantitative easing (money printing) out of the #FederalReserve. Fortunately today we got another physical market update from Andy Schectman of Miles Franklin #PreciousMetals, who shared what his order flow has been like lately. He also talked about how on most products he (as the dealer) is paying above spot. Which is…

Silver and Sanity

April 01, 2020
By SilverSeek

Silver is real money, not a debt-based fiat currency that will eventually fail. Silver bullion production requires capital and effort to mine and refine. We use it for solar panels, iPhones, cruise missiles and thousands of other items. Silver is monetary sanity.

Ted Butler - Worsening Silver Shortage Q&A

March 21, 2020
By SilverSeek

We reached out to Ted Butler of ButlerResearch.com to get some of his thoughts on spot price plunges this past month in COMEX silver and COMEX gold specifically. We sourced a dozen questions both internally and externally too online. Ted Butler has been analyzing the silver bullion and gold bullion markets for his loyal newsletter subscribers for many decades. Many self-proclaimed gold and silver experts originally found out about precious metals from Ted’s trailblazing writings during…

U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion

March 06, 2020
By Steve St. Angelo, SRSrocco

When investors become increasingly concerned about the financial system, they rush into physical precious metals. And, this is precisely what we see taking place at the U.S. Mint as sales of Silver Eagles surged in the first three days of March versus the entire month of February. The U.S. Mint hasn’t seen this type of buying for several years. For the past three years, annual Silver Eagle sales fell below 20 million, reaching a low in 2019. However, that may all change this year as the…

Gold has Immunity, Silver has Ratio

March 04, 2020
By SilverSeek

On June 12, 2019, the gold-silver ratio hit a 26-year high by breaking through the 90-ounce mark – meaning it took over 90 ounces of silver to purchase one ounce of gold. The higher the number, the more undervalued is silver or, to put it another way, the farther gold is pulling away from silver, valued in dollars per ounce. For the past several weeks the gold-silver ratio has stayed around 86-88:1. Since the coronavirus outbreak though, the gold-silver ratio has rocketed to a new record of…

Silver Backwardation Returns

March 03, 2020
By SilverSeek

If we had to guess, we would not expect silver stackers to panic and sell their metal at this point. Those who own the metal today likely hold it for reasons other than false certainty of endless gains (which did occur at certain times in the past). However, if economic hardship hits them, they may be forced to unload silver to put food on the table. This may seem premature in the US, but we will write about our observations in Asia. Here is one picture Keith took in the virtually empty Jewell…

Silver technical update: stuck within a wide band (video)

March 01, 2020
By SilverSeek

Market was a lot about margin calls. Gold-Silver Ratio EXPLODED. I have been adamant this week, silver is not acting like a precious metals, it is an industrial metal and it acted more like that this week. Silver is down over 10% this week. Silver has no trend, went from a high to a low within a broad band..

Silver Market Update (video update): Silver has a problem

February 28, 2020
By SilverSeek

Technical video update on silver, gold and more.

Technical Scoop: Silver finally showed some spark with a solid 4.5% gain this past week

February 24, 2020
By SilverSeek

Silver finally showed some spark with a solid 4.5% gain this past week. With an RSI still under overbought levels at 70 silver could have further to run. Our only concern, as we note below, is that while gold is making new 52-week highs silver is not. Silver is still suggesting that it could hit potential targets up to $20.30/$20.50 based on the triangle that formed August to December 2019. The flag formation that formed in January/February 2020 suggests targets of $19.40/$19.50. Once silver…

Silver Bullion - The Most Undervalued Asset In The World Today?

February 24, 2020
By SilverSeek

◆ Popular and liquid bullion formats should be taken possession of and also stored in liquid, secure storage in their own country and at least one other safe jurisdiction ◆ Zurich remains the most liquid and safest places in the world to own gold and silver coins and bars

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