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Silver Market Updates

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

Silver Seeker Report: This Week in Mining Issue #1

February 23, 2020
By SilverSeek

Alexco: is in the process of divesting its profitable and fast-growing remediation business (AEG) to the AEG management group. On closing of the transaction AEG will be pay Alexco $12.1m in cash, with the balance of $1.25m payable pursuant to a promissory note maturing on February 14th, 2021. This will go a long way to reducing the required capital investment to bring several Keno Hill mines back into production, feeding a central mill. Construction will start in 2020 and the because the…

Silver & Gold: Bullish Action

February 21, 2020
By SilverSeek

Gold, Silver, & GDX: Bullish Action. Need we say more? The wave counts are awesome, and for investors, the sun is shining!

Getting on Board the Silver Express!

February 19, 2020
By SilverSeek

So, don't let yourself fall into the trap of waiting until the writing is on the wall – and on the charts – to purchase the silver you want. It would be wise to ask yourself right now, whether you'd like to participate as an owner in silver's oncoming multi-year run up into record territory, or instead (try to) be content sitting back and watching the charts print out a bigger and bigger profit stream, just like palladium has been doing for almost three years!

Interview with Peter Spina: Is It Time To Give Up On Silver and Gold?

February 18, 2020
By SilverSeek, Featured Headlines

With stocks like Tesla setting new astronomical highs, almost by the day, while gold and silver continue to get pounded by the bullion banks, is it time to finally give up on the precious metals? If you’ve been invested in gold and silver over the past few years, there’s a good chance that question has entered your mind. Although perhaps that’s why I was so fortunate to have Peter Spina (who runs GoldSeek and SilverSeek) join me on the show to share his always insightful perspective.

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