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Silver Market Updates

Could A Commodity Rally Help Spark Silver?

November 08, 2017
By SilverSeek

While it is widely believed that commodities are one of the few "undervalued" sectors, sustained rallies have been hard to find over the past few years. Could all that be finally beginning to change? The key to any commodity rally is weakness in the US dollar. Most commodities trade in dollar terms so a rising dollar generally puts pressure on the sector. In contrast, a falling dollar is usually good for the sector.

Silver’s Sign and USD’s Upcoming Reversal

November 06, 2017
By SilverSeek

Most of technical analysis that one can read about gold and gold stocks is based on these markets alone. This is quite strange given the multitude of intermarket relationships, but still that’s the case. While it is true that looking at the performance of a given market is the most important thing that one can do when estimating the future performance of a given asset, it doesn’t mean that it’s all there is to it.

Market Report: Counter-trend decline

October 20, 2017
By SilverSeek

After the previous two-week rally, it was perhaps natural for precious metals to consolidate this week. Gold, which closed on a high note last Friday, lost $23 to $1281 by early European trade this morning (Friday), and silver 34 cents to $17.08. Trade on Comex was subdued, and the reason behind the pause appears to be a continuing rally in the dollar.

Silver Bullion Prices Set to Soar

October 18, 2017
By SilverSeek

With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages. “Silver is definitely undervalued compared to gold and as a stand-alone investment. I consider it likely to be the most undervalued asset in the general investment markets,” says Paul Mladjenovic, author of Precious Metals Investing For Dummies.

Comfortably Numb: Surviving the Assault on Silver

October 16, 2017
By SilverSeek

In the late 1960s and most of the 1970s, an English rock band named Pink Floyd dominated the world of progressive and psychedelic music with such memorable albums as "Dark Side of the Moon," "Wish You Were Here," and "The Wall." One of their greatest hits was a song entitled "Comfortably Numb" and as I was listening to it the other night, the refrain in the middle of the song—"Gotta keep it going through the show; c'mon it's time to go"—reminded me of the current state of the precious metals…

Thoughtful Disagreement with Ted Butler

October 04, 2017
By SilverSeek

I will end with an offer. Monetary Metals has nearly 3 terabytes of data, containing every COMEX futures and spot metal price in both gold and silver going back 21 years. If you have another specific explanation of how JP Morgan manipulates the market (and which is not invalidated by the graphs above), let’s work to design an experiment. We are happy to query the appropriate data, and publish a graph or graphs that can confirm or disprove your hypothesis.

Safe Haven Silver To Outperform Gold In Q4 And In 2018

October 04, 2017
By SilverSeek

Since the beginning of 2017 the silver price has disappointed many investors. With a 5% gain so far in 2017, it has failed to match gold’s 11% gains this year. Both precious metals have ultimately performed below expectations given the positive macroeconomic and geopolitical backdrop. However, things are starting to look up for the industrial precious metal as industry observers believe it will outperform gold this quarter and into 2018.

U.S. Mint Bullion Coin Sales Dip As Buyers Take Advantage Of Secondary Market

October 03, 2017
By SilverSeek

The U.S. Mint is on track for the lowest sales of American Eagle coins in almost a decade. The 2008 financial crisis began a historic ramp up in sales that lasted for years. 20,583,000 silver American Eagles sold that year, more than double the 2007 total of 9,028,036 coins.

Comex Silver "Deliveries" Surge In September

October 03, 2017
By SilverSeek

Though Comex metal "delivery" remains a sham and circle jerk where The Banks simply shuffle paper warehouse receipts and warrants, we thought the latest totals for September were noteworthy enough to bring them to your attention. Again, we've written about this on countless occasions and this post is not meant to imply that "the Comex is about to break" or that "there is a run on The Banks". Instead, September saw the continuation of two trends of which you need to be aware. Comex "deliveries"…

LBMA Silver Price Benchmark – Changes, but no Wider Participation

September 28, 2017
By SilverSeek

On 21 September, ICE Benchmark Administration (IBA) announced that it will take over the administration of the daily LBMA Silver Price benchmark auction beginning Monday 2 October. This LBMA Silver Price auction is the successor to the former London Silver Fix auction. The auction takes the form of trading unallocated silver positions on an electronic platform. The resulting price from the daily auction provides a daily silver price reference rate or benchmark which is used widely throughout…

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