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Silver Market Updates

Silver: Base Breakout & C Wave Rally

July 21, 2020
By Captain Ewave, Elliot Wave Analysis

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
By Clive Maund

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
By Steve St. Angelo, SRSrocco

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?

July 19, 2020
By David Morgan, The Morgan Report

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

July 17, 2020
By COT Silver Report, SilverSeek.com

COT Silver Report - July 17, 2020.

Why Silver Prices Are Exploding

July 17, 2020
By SilverSeek

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.

Chris Marcus: A Run On Physical Silver Started The Last Few Months? Paper Claims Are Over 500x Metal

July 16, 2020
By Chris Marcus, Arcadia Economics

While there is legitimate reason to be skeptical about any of today’s precious metals market data, at least if we accept the numbers as currently presented, it seems as if a run on COMEX gold and silver has already begun. This was the topic of discussion a few days ago when I was invited onto Jason Burack’s Wall St. For Main St. Program, where we discussed what’s happening now in the silver market, as well as what to expect next.

Important Key Level: Silver Needs To Break Above This Price

July 16, 2020
By Steve St. Angelo, SRSrocco

Silver closed today right on an important KEY LEVEL.  For the silver price to continue higher, it needs to break above this level.  The last time silver reached this same price was back in early September 2019.  And, if silver continues in a positive direction in early Asian trading, we may see a more substantial move higher tomorrow.

Michael Pento: I Like Silver, But I Like Gold More

July 15, 2020
By Chris Marcus, Arcadia Economics

There were a few analysts who warned back in 2008 that the Federal Reserve’s policies would lead to the situation that we are now in. Where the Fed is forced to continue printing money, and in reality does not have an exit plan. Michael Pento of Pento Portfolio Strategies was one of those analysts and in today’s video, he talks about what’s going on in the markets now, how we ended up here, and what he thinks about gold and silver as a solution.

Will Silver Reach $21 In The Current Rally?

July 14, 2020
By Steve St. Angelo, SRSrocco

Now that the silver price has broken through the important $18.50 level, will it reach $21 during this current rally?  Silver was up 70 cents for the day (Monday).  However, after Dallas, Fed President Kaplan announced today that the “Emergency Facilities” used to support the economy might be pulled back, the markets sold off from their highs.

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