• Gold: 1,275.98 3.80
  • Silver: 14.94 0.11
  • Euro: 1.116 -0.007
  • USDX: 98.072 0.442
  • Oil: 65.77 -0.35

Live Silver

Bid|Ask 14.94 14.95
Low|High 14.79 14.99
Change 0.11  0.72% 
Apr 24, 2019 15:57:18 EST
1 mo -0.461 -2.99%
1 yr -1.79 -10.7%
Low|High 13.89 17.31

Live Gold

Bid|Ask 1,275.99 1,276.09
Low|High 1,268.78 1,278.53
Change 3.81  0.3% 
Apr 24, 2019 15:57:22 EST
1 mo -37.12 -2.83%
1 yr -55.7 -4.18%
Low|High 1,160.27 1,346.75

Gold-Silver Ratio

Bid|Ask 85.34 85.40
Low|High 85.19 85.82
Change -0.3844  -0.45% 
Apr 24, 2019 15:57:14 EST
1 mo +0.485 +0.57%
1 yr +5.8222 +7.32%
Low|High 75.18 86.57

Silver Edition


David Smith, April 24, 2:54 am

Silver is building up a head of steam for its next big run. India and China's buying continues to increase, even as several big silver miners fight declining production. Don't be fooled by the market's negative sentiment. Stay in the Game, and take one more cast. Sell a little on the way up.

Clive Maund, April 23, 8:04 am

Silver has been a dull market for the past couple of months, yet as we will see the pattern that has evolved in recent weeks is anything but bearish. On the 1-year chart we can really see what is going on. Back last December silver broke out of a fine Double Bottom formation and ran up quickly but the advance turned out to be modest and by late February it had fizzled out and it started reacting back again and last Monday made a new low. However, the rate of decline has been decelerating steadily and it is now apparent that a bullish Falling Wedge is completing, with the strong convergence of its boundaries making it all the more bullish. It is also viewed as no coincidence that the decline appears to have run its course with the Wedge closing up right at important support at the upper boundary of the Double Bottom base pattern.

Theodore Butler, April 22, 2:58 pm

Yes, I know that we have been in this same setup on past occasions too numerous to count and each and every time JPMorgan has added to its silver short position, causing the rally to be capped and eventually unwound. And yes, I know I have repeated my refrain on each and every past setup. And I do so again today, knowing full well that it can go either way. But I also know it is what can be called an asymmetrical equation. That’s a fancy term for saying that on the next rally, silver can go up relatively little (as has always been the case these past several years) or it could shock people by going up a disproportionate amount. Of course, silver prices could also continue to drift lower, but that would only be temporarily, according to all that is known about market structure. But this isn’t about anything except what JPMorgan does or does not do. Given the setup, there is only one way to play it as far as I’m concerned – as if JPMorgan won’t add to shorts and this is the big one, for the simple reason it will be easy to adjust to if it isn’t the big one and near-impossible to adjust to if it is.

SilverCOTReport, April 21, 12:16 pm

COT Silver Report - April 19, 2019.

Gary Christenson, April 16, 11:34 am

Debt is too high and has reached, as it did in 2008, exhaustion levels. Perhaps the central banks of the world can “goose” markets higher and sustain a dangerous system, but the consequence will be falling currencies, devaluation, and more debt. There is a limit to how many heroin fixes a body can withstand. There is a limit to how many debt fixes an economy can absorb. Silver prices are too low based on five decades of history and via comparisons to national debt, the S&P 500 Index and gold. Expect silver prices to rise far higher in coming years as the over-leveraged financial system resets and rebalances.

SRSrocco, April 15, 8:38 am

Silver production at the world’s largest producer fell significantly in the first quarter of the year. Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and reduced volumes of processed ore at its Fresnillo Mine. Furthermore, while silver production fell the most at its Fresnillo Mine, the company also experienced declines at its Saucito and San Julian Mines. Total silver production at Fresnillo PLC dropped by 15% in the first quarter compared to the same quarter in 2018.

SilverCOTReport, April 12, 3:22 pm

COT Silver Report - April 12, 2019.

Clive Maund, April 7, 3:42 pm

There were several developments last week that taken together suggest that the short-term bearish scenario set out in the Gold and Silver Interim update about a week ago is not going to materialize and instead that the original grander scenario described in the last full Silver Market update is going to prevail. This is a relief because any further downside would have ruined the giant positive pattern completing on the long-term charts, especially that completing in gold. What are these developments? There were 3 main ones. The first is that last week a run of bullish long-tailed candlesticks appeared on silver’s chart, which we can see to advantage on its 1-month chart below. They are bullish because they indicate that the market is rejecting lower prices and show that buyers were snapping at silver whenever it dipped. This past week was also characterized by a run of dojis (open and close almost at the same price), which is a sign of indecision and is bullish if they occur after a significant drop, which they did. In addition there were two distinctly bullish candlesticks last week, a bull hammer on Tuesday and a dragonfly on Thursday.

, April 5, 3:34 pm

COT Silver Report - April 5, 2019

James Cook, April 5, 1:46 pm

A fog lifted from the silver market last week and we could see things clearly that we had only guessed at. A former commissioner of the Commodity Futures Trading Commission (CFTC), Bart Chilton, sat for an interview with blogger Chris Marcus to discuss silver market shenanigans. Mr. Chilton was a commissioner from 2007 to 2014. The interview got interesting when he began to discuss the failure of Bear Stearns in 2008. They held a large short position in silver along with JPMorgan who took over Bear Stearns’ short position at the time.

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