Silver Headlines

Elon Musk set to buy his own silver mine in bid to 'solve biggest weakness', pal says

Many of Elon Musk's mega companies rely on silver to function, and the billionaire burns through masses of it on a daily basis - and he could be about to buy his own silver mine

Silver rally stops TD Securities out of tactical short

TD Securities announced Thursday that it was stopped out of its tactical short silver position. The bank said it is booking a 14% loss after "an epic positioning squeeze contributed to a +25% rally from the October lows."

Silver Heads for Biggest Deficit in Decades (194 million ounces), Silver Institute Says

India’s massive silver demand cutting world’s warehouse stocks

LONDON - Indian silver consumption is forecast to surge by around 80 per cent to a record this year, as traders draw down inventories in warehouses from London to Hong Kong after two Covid-19-riddled years.

AbraSilver’s New High-Grade Drill Results Growing the Diablillos Silver-Gold Project Beyond Past Estimates (Peter Spina)

AbraSilver continues to remain my top gold and silver exploration investment for another year as the latest drill program, at its wholly-owned Diabillos silver-gold project, has been proving additional mineralization well beyond past estimates!

JPMorgan Precious-Metals Traders Found Guilty in Spoofing Trial (Bloomberg)

JPMorgan Precious-Metals Traders Found Guilty in Spoofing Trial The former head of the JPMorgan Chase & Co. precious-metals business and his top gold trader were convicted by a federal jury in Chicago on charges they... https://www.bloomberg.com/news/articles/2022-08-10/jpmorgan-precious-metals-traders-found-guilty-in-spoofing-trial

Worst-Performing Precious Metal Silver May Have Seen Bottom (Bloomberg)

Prices could turn higher from later this year, HSBC says Recovery in gold needed for silver to outperform, UBS says Silver’s been the worst-performer among major precious metals in 2022, but prices may have fallen far enough to spark a modest recovery. Read full article...

Silver and platinum: two precious metals that will be screaming buys when the dollar turns

https://moneyweek.com/investments/commodities/silver-and-other-precious-metals/605101/buy-silver-and-platinum-when-the-dollar-turns

Silver’s outflow largest in a decade (in tonnage terms) -- Bloomberg

Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce industrial demand, but gold assets held up because of its role as a haven, and that may persist. https://www.bloomberg.com/news/articles/2022-07-01/gold-keeps-its-shine-for-investors-as-other-precious-metals-fade  

The World Silver Survey 2022: Demand to rise by 5% (The Silver Institute / PDF)

- Supply: Global silver mine production is expected to grow further in 2022, with output forecast to rise by 2.5% y/y to 843.2Moz (26,226t).