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Silver Market Updates

Silver Price Rises Above US$28.00 Per Ounce, Up 140 Percent From 2020 Low (Silver Institute)

August 06, 2020
By SilverSeek

The silver price hike has been fueled by its inherent safe-haven status, fears of inflation, remarkably low interest rates and continued liquidity boosts by central banks. The jump in price reflects renewed interest by both retail and institutional investors in silver as an investment vehicle.

Stunning Silver: Big C Wave Action

August 06, 2020
By Captain Ewave, Elliot Wave Analysis

We are now rallying in wave -v- of (i), which could extend to the 35.00/36.00 level before it ends. We now breaking through the 25.00/26.00 level, as we had previously suggested we would.   

Inflating a Silver Bubble

August 05, 2020
By Keith Weiner, Monetary Metals

Recently, we’ve been publishing updates after days when the silver price has spiked up. Now, after Tuesday’s trading action, silver trades over $26. Its price moved up over two bucks (about 8%).

Andrew Maguire: “We Can’t Get Wholesale Silver Bars”

August 05, 2020
By Chris Marcus, Arcadia Economics

Amazingly, it seems that day has finally arrived. As not only has gold broken through $2,000 per ounce, but now wholesale silver continues to be difficult, if not completely impossible to find. Which Andrew Maguire of Kinesis Money joined me on the show to discuss.

An Update on the Silver Bull

August 04, 2020
By Gary Tanashian, NFTRH

Now, I have not gone raving silver bug on you. The title says “silver bull” because that is what silver is in, a bull market by definition of having taken out the 2016 high of 21.23. We targeted that point as a cyclical bull market gateway, silver cut through it like a knife through warm butter… and there you have it. A key higher high. I don’t apologize for any of the above. It is fact.

Andy Schectman: Silver Supply Is Getting Tight Again

August 04, 2020
By Chris Marcus, Arcadia Economics

Even despite the recent run-up in price, investors continue to buy silver. They’re buying silver in the ETFs like SLV, and precious metals dealer Andy Schectman of Miles Franklin reports that his customers are doing the same with physical.

Something Amazing Happened In The Silver Market

August 03, 2020
By Steve St. Angelo, SRSrocco

I believe this huge $4 correction in just a few hours was likely initiated by Big Traders (Bullion Banks) to liquidate a portion of their short positions as the silver price was getting out of hand. The evidence to prove this was shown in the new Silver COT Report, which reported a substantial decrease in the Commercial Net Short positions.

COT Silver Report - July 31, 2020

July 31, 2020
By COT Silver Report, SilverSeek.com

Commitment of Traders report for positions as of the close Tuesday, July 28.

Silver Makes High Wave Candle at Target – Here’s What to Expect…

July 29, 2020
By Clive Maund

Silver has made impressive gains over the past week which resulted from its breaking out at last from the giant Double Bottom base pattern that started to form as far back as 2013, so it’s been a long wait for silver investors for this to happen. Over the past week it has done exactly as predicted in the “breakout Souvenir article” posted on the site on the 22nd, running quickly at the strong resistance at the underside of the 2010 – 2013 top area, as we can see on its latest 13-year chart…

Silver Price Spikes Again, Shorts Are Getting Pounded

July 29, 2020
By Chris Marcus, Arcadia Economics

Silver had a historic late-night Sunday rally, and now some of the banks and funds that are short are really racking up some big losses. Fortunately, I was invited onto Trevor Hall’s Mining Stock Daily podcast to talk about what’s going on, how quickly the silver price might rise, the risks, and a whole lot more.

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