• Gold: 1,353.09 4.53
  • Silver: 17.24 0.06
  • Euro: 1.238 0.000
  • USDX: 89.676 0.053
  • Oil: 68.71 -0.06

Live Silver

Bid|Ask 17.24 17.25
Low|High 17.12 17.26
Change 0.06  0.36% 
Apr 19, 2018 02:39:02 EST
1 mo +0.9168 +5.62%
1 yr -0.9543 -5.24%
Low|High 14.16 18.31

Live Gold

Bid|Ask 1,353.10 1,353.31
Low|High 1,348.01 1,353.39
Change 4.54  0.34% 
Apr 19, 2018 02:38:54 EST
1 mo +36.06 +2.74%
1 yr +73.56 +5.75%
Low|High 1,204.72 1,366.08

Gold-Silver Ratio

Bid|Ask 78.42 78.48
Low|High 78.32 78.69
Change -0.0618  -0.08% 
Apr 19, 2018 02:38:54 EST
1 mo -2.1935 -2.72%
1 yr +8.1698 +11.63%
Low|High 70.10 84.85

Silver Edition


John Rubino, April 18, 11:58 pm

Longer term, this is the kind of attention-getting action that puts an asset back on the radar screens of non-true-believers. As hard as it is for us gold-bugs to imagine, the vast majority of people aren’t watching precious metals and have no idea why silver matters. They do, however, notice when the price of something jumps. So if this short squeeze has legs and generates some headlines, it could pull in enough momentum chasing money to create a positive feedback loop in which rising prices beget more rising prices.

SRSrocco, April 16, 8:48 pm

Global silver scrap supply fell to its lowest level in 26 years. World silver recycling in 2017 dropped by nearly 50% since its peak in 2011. According to the 2018 World Silver Survey, global silver scrap supply declined to 138 million oz (Moz) compared to 261 Moz in 2011. While the lower silver price is partly responsible for the large drop in silver recycling, there are other market dynamics.

Alasdair Macleod, April 13, 3:37 pm

After inching better on Monday and Tuesday, gold and silver finally made a break for it on Wednesday in good volume on Comex, with gold peaking at $1365 intraday, and silver at $16.87. Those of us watching gold’s established trading range, and silver’s extreme oversold position thought this could be the start of a major breakout to the upside. Those hopes were dashed on Thursday, when both metals retreated, giving up most of their gains on the week.

SilverCOTReport, April 13, 3:24 pm

COT Silver Report - April 13, 2018

Theodore Butler, April 12, 11:58 am

Please keep in mind that I am openly accusing the nation’s largest bank of criminal market activity and the federal commodities regulator of willful malfeasance. It’s beyond remarkable that neither can address such public accusations. That’s one big reason why more have become convinced that silver is manipulated in price. In no way should any of this be taken to be at odds with my strong belief that the next move up in silver could and should be the big one. In fact, it enhances that setup in more ways than ever before.

Mike Maloney, April 10, 3:41 pm

There are some unprecedented events occurring in the precious metals markets right now - find out about the four biggest signs for silver in this delayed preview of Mike Maloney's Insiders Report (made available to customers on April 3, 2018).

Dave Kranzler, April 9, 1:16 pm

There’s been an abundance of commentary on the net long position of the “Swap Dealers” in Comex silver futures per the COT report. As of the latest COT report, the Swap Dealers are net long almost 22k silver contracts. This is unprecedented. At the same time, the “Large Speculators,” the majority of which is comprised of the “managed money” (hedge funds) sub-component, are net short nearly 17k silver contracts. The data my business partner tracks goes back to April 2004. In that period of time, the Large Speculator category has never been short until February 2018.

Clint Siegner, April 9, 1:14 pm

The bullion banks (Commercials) are almost certainly now betting for higher silver prices and have relinquished their concentrated short position. Meanwhile, the large speculators are positioned increasingly short. The good news for silver bulls is the bullion banks dominate the futures markets, by hook or by crook, and they generally win versus the speculators.

David Morgan, April 9, 8:52 am

Well David we've seen a tremendously tight trading range in the metals markets over the last several months, especially in silver, and before we get into some other topics with you today I wanted to get your thoughts on what these prolonged periods of a range trade or a base building market generally means for us moving forward. When you see this type of thing on the charts for one of the precious metals or for some other commodity for that matter, I know you cover a lot of different markets, does it mean that we're likely to see a big move one way or the other? Is it a bullish indicator that we're building a major base of support from which to launch, what do you think?

Clive Maund, April 8, 9:48 pm

We now have the most bullish setup for silver that we have ever seen. After trading sideways / down for over 20 months now, investors have completely lost interest in it, which is of course the perfect breeding ground for a huge rally that seems to come out of nowhere. As we will proceed to see both COTs and the silver to gold ratio are at record extremes that point to a major bullmarket in silver starting imminently.

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