• Gold: 1,231.75 0.99
  • Silver: 15.52 0.01
  • Euro: 1.172 -0.001
  • USDX: 94.405 -0.044
  • Oil: 69.01 0.88

Live Silver

Bid|Ask 15.52 15.53
Low|High 15.44 15.56
Change 0.01  0.05% 
Jul 23, 2018 07:46:50 EST
1 mo -0.901 -5.49%
1 yr -0.9313 -5.66%
Low|High 15.18 18.21

Live Gold

Bid|Ask 1,231.75 1,231.85
Low|High 1,228.07 1,235.14
Change 0.99  0.08% 
Jul 23, 2018 07:46:51 EST
1 mo -37.63 -2.96%
1 yr -19.52 -1.56%
Low|High 1,211.52 1,366.08

Gold-Silver Ratio

Bid|Ask 79.32 79.37
Low|High 79.10 79.53
Change 0.1598  0.2% 
Jul 23, 2018 07:46:53 EST
1 mo +2.3898 +3.11%
1 yr +3.3296 +4.38%
Low|High 74.02 82.54

Silver Edition


Rick Ackerman, July 22, 10:32 pm

Is Silver’s long bear market over? If so, it would be exciting news for bulls who have suffered through a hellacious, 72% correction since the metal peaked in 2011 just beneath $50. The monthly chart (see inset) provides reason for cautious optimism, implying as it does that Comex futures could be bottoming slightly above $15. If a powerful and sustained upturn lies in the offing, the September contract would need to hold above 15.093, a midpoint ‘Hidden Pivot’ support shown in the chart (see inset). It bounced precisely from this number a year ago and is trying to hold above it now. A small breach of a few pennies would not likely prove fatal, but a more decisive one of perhaps 30-40 cents would. That would probably doom this vehicle to a further slide to at least 12.221, the pattern’s ‘secondary’ Hidden Pivot, or even to the ‘D’ target at 9.350 (although I seriously doubt things will get that ugly).

SRSrocco, July 22, 10:18 am

Indian silver imports increased significantly from 2013 to 2015 as investors took advantage of lower prices. However, the Indian investor wasn’t as interested in acquiring silver in 2016 as its price surged to $21 versus $14 at the beginning of the year. But, as we can see in 2017, Indian silver imports rose to 20% of global mine supply versus 13% in the prior year. And, if Indian silver demand remains strong throughout the rest of the year, it could surpass 8,700 mt and account for 32% of global silver mine supply.

SilverCOTReport, July 20, 3:17 pm

COT Silver Report - July 20, 2018

Craig Hemke, July 17, 10:25 pm

Let's cut to the chase. While the price of COMEX Digital Silver is being pounded lower in 2018, demand for actual physical silver in India is soaring. On Louis' chart below, note that the all-time peak in Indian silver demand came in 2015... when the price of COMEX Digital Silver bottomed below $14 and then began a 50% rally to $21 by mid-2016. In fact, the month of April 2018 alone saw India import 902 metric tonnes, the highest one-month total since December of 2015.

David Smith, July 16, 11:01 pm

Most people believe that risk and reward go hand in hand. In other words, in order to reap a large reward, one must also risk a great deal. So, for example, if seeking to double or triple your money, then – should your analysis (or the execution of your trading plan) be incorrect – you would anticipate that your entire stake could disappear in the process.

SilverCOTReport, July 13, 3:52 pm

COT Silver Report - July 13, 2018

Eric Sprott, July 13, 1:08 pm

“I’ll tell you what I think is probably going on. When we look at the bank earnings, they say, well we need volatility in markets to make money. And you need to read through that. Well, why would you need volatility? Because we’re going to get you one way or the other, OK? And if we can get something to go up, great. If we can get something to go down, great. And would I imagine that the banks are on the other side of the trade? Yes, I would. And do they have the money to pull it off? Yes, they do… If you’ve got unlimited pockets, you can make things do whatever you want over a very short term basis.”

SilverCOTReport, July 9, 3:18 pm

COT Silver Report - July 9, 2018

David Morgan, July 2, 3:09 pm

The emergence of blockchain technology inspires us to imagine a future where physical weights and measures of pure silver are restored to the global economic system as a superior and sound form of money. This transformation requires a supply of silver that is transparent and verifiable to all stakeholders at all times, and that certain rights and claims upon the silver are represented by encrypted “tokens” that are controlled uniquely and individually upon a public and secure distributed ledger. In this video Dan Dicks of Press For Truth speaks with David Morgan of The Morgan Report and Steven Merrill of Lode to talk about silver’s new found potential in the blockchain age.

Hubert Moolman, July 2, 9:14 am

If the comparison to the 1980s pattern is justified, and the current pattern continues in a similar fashion, then silver will go into a long bear market. If the current fractals diverge from the 1983 fractals by going higher than the point 5 price-level, then the bull market will resume with vigour. In the short-term for a bull market scenario, the price needs to clear the top line of the flag or pennant-type pattern that has formed since point 5, and avoid dropping below the bottom red line.

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