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Silver Market Updates

SLV Silver Trust Additions Set New Stunning Record

July 27, 2020
By Chris Marcus, Arcadia Economics

Just when you thought it might be impossible to see another new record in terms of silver demand, wait until you see what this week’s silver ETF trust data showed. Where a record amount of silver was allegedly deposited, as premiums in the wholesale market rose, while the price spiked several times throughout the week.

The Anatomy of a Precious Metals Bull Market

July 27, 2020
By Rambus

If there was only one chart I could use to make a case for the PM complex bull market it would have to be this quarterly line chart for gold. First note the beautiful and symmetrical H&S consolidation pattern we followed in real time and the reverse symmetry over the same area on the way down as shown by the blue arrows. On a quarterly time basis you can see gold is trading at new all time highs. The last thing to observe is the 2000 to 2011 bull market which made higher highs and higher lows…

COT Silver Report - July 24, 2020

July 24, 2020
By COT Silver Report, SilverSeek.com

COT Silver Report - July 24, 2020.

Gold Is Hitting All-Time Highs… but Wow, Look at Silver!

July 24, 2020
By Mike Gleason, Money Metals

Gold prices surged over $1,900 an ounce on Friday morning -- up over 5% for the week. Gold could hit a new record high as early as today. However, it wouldn’t necessarily be a bad thing if the market first pulled back a bit and established a base for its launch to $2,000 and above.

4 Banks Lose $248.8 Million For Each Dollar Silver Rises

July 23, 2020
By Chris Marcus, Arcadia Economics

You’ve heard for years about how the silver market has been manipulated, and that some of the banks have a massive short position. Well, according to the CFTC’s latest data, that is still the case, which means that a couple of these banks got their clock cleaned pretty good over the last few days.

How High Will Silver Go?

July 22, 2020
By Stefan Gleason, Money Metals

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?

July 22, 2020
By Chris Marcus, Arcadia Economics

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
By Hubert Moolman

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
By Steve St. Angelo, SRSrocco

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

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.

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