• Gold: 1,420.20 -5.88
  • Silver: 16.06 0.09
  • Euro: 1.122 -0.000
  • USDX: 97.21 -0.013
  • Oil: 57.31 0.67

Live Silver

Bid|Ask 16.06 16.06
Low|High 15.92 16.12
Change 0.09  0.55% 
Jul 18, 2019 07:31:43 EST
1 mo +1.0508 +7%
1 yr +0.4966 +3.19%
Low|High 13.89 16.22

Live Gold

Bid|Ask 1,420.20 1,420.29
Low|High 1,417.92 1,428.25
Change -5.88  -0.41% 
Jul 18, 2019 07:31:48 EST
1 mo +74.7 +5.55%
1 yr +192.78 +15.71%
Low|High 1,160.27 1,439.16

Gold-Silver Ratio

Bid|Ask 88.43 88.46
Low|High 88.15 89.48
Change -0.9516  -1.06% 
Jul 18, 2019 07:31:48 EST
1 mo -1.2136 -1.35%
1 yr +9.5786 +12.15%
Low|High 78.28 93.44

Silver Edition


Stewart Thomson, July 17, 2:43 pm

- Please click here now. Double-click to enlarge this daily silver chart. Like Rodney Dangerfield, silver doesn’t get much respect, but that’s because inflation has yet to really surge. - Having said that, the silver chart is beginning to look quite bullish. A breakout from an inverse H&S bottom pattern has occurred, and the pullback was flag-like. - The target of both the flag and the H&S pattern is the $16.50 area highs of February.

Hubert Moolman, July 16, 10:01 am

What is significant about this peak-level in the Gold/Silver ratio is the fact that it is so close, and follows the 2016 bottom in interest rates. These confirm that some very serious credit woes are coming. It is likely on a scale not seen over the last 100 years. We can expect a rush for real monetary assets as never seen before. This will put silver again at the forefront of money and monetary solutions.

SRSrocco, July 16, 9:58 am

After gold broke above a critical resistance level, held for the past five years, precious metals’ investors are now wondering, “what’s in store for silver?” While gold surged from $1,340 to $1,440 in just one week last month, silver only went up a mere $0.70. Thus, the Gold-Silver ratio increased from 89/1 to 94/1, in the same five-day period. So, the BIG QUESTION many precious metals investors are asking, “Is silver going to follow gold’s move higher?” And, in several price trends in the past, silver does follow gold higher but also outperforms the yellow metal in the later stage.

Theodore Butler, July 15, 12:35 pm

The 4 big concentrated silver longs, which I have been writing about for nearly a month, further reduced their net long position by 3882 contracts to 62,707 contracts. The only reporting category to have liquidated enough (or any real) number of contracts in the reporting week were managed money traders, proving conclusively that managed money traders held a significant percentage of the very strange concentrated net long position in COMEX silver. How else could I have expected managed money long liquidation by the 4 concentrated longs on Monday? This is in direct conflict with the new article by Alasdair Macleod, of which many of you asked my opinion. As I think most of you know, it is not my custom to critique others’ work, as that strikes me as unprofessional. Let everyone present what they wish to present. But there is enough factually incorrect in Macleod’s article that it would be a disservice not to address those very serious errors.

SilverCOTReport, July 12, 3:17 pm

COT Silver Report - July 12, 2019.

Gary Tanashian, July 12, 10:18 am

Just for fun because I am a chart guy who all too often bores you (and me) to death with ratio and indicator charts and all too seldom makes charts just for the fun of it anymore… So this long-term silver chart is just for the fun of it. What do we have here?

Theodore Butler, July 11, 9:58 am

The two developments in focus include a broad artificial pricing scheme, or manipulation, affecting a wide swath of commodity markets and a more specific price manipulation involving JPMorgan in silver and gold. The illegal pricing schemes did not evolve overnight, but over a multi-decade period of time. That’s one of the main reasons why so many have failed to appreciate what has occurred – it has been a gradual process. So gradual that, like a frog not jumping out of a pot of water being heated slowly, market observers and regulators alike have come to accept as normal the dramatic and illegal change in the price discovery process. Simply put, commodity prices are now set and determined by excessive speculation in derivatives contracts by a handful of large traders and not by changes in actual commodity supply and demand. Derivatives contracts are entered into by two parties, a buyer and seller, and include futures and options contracts traded on listed exchanges and contracts traded over-the-counter, where futures contracts are called swaps. In essence, derivatives contracts are simply paper bets on price in the future and only rarely involve the physical delivery of the underlying commodity.

Ed Steer, July 11, 9:10 am

Also in silver, 26 non-U.S. banks are net short 36,928 COMEX contracts in the July BPR...which is up a decent amount from the 27,599 contracts that 21 non-U.S. banks were short in the June BPR. I would suspect that Canada's Scotiabank [and maybe one other, the BIS perhaps] holds a goodly chunk of the short position of these non-U.S. banks. I believe that a number of the remaining 24 non-U.S. banks may actually net long the COMEX futures market in silver. But even if they aren't, the remaining short positions divided up between these other 24 non-U.S. banks are immaterial - and have always been so. As of July's Bank Participation Report, 30 banks [both U.S. and foreign] are net short 36.5 percent of the entire open interest in the COMEX futures market in silver-which is up a monstrous amount from the 16.3 percent that they were net short in the June BPR - with much, much more than the lion's share of that held by Citigroup, HSBC USA, JPMorgan, Scotiabank -- and certainly one other non-U.S. bank.

SilverCOTReport, July 8, 3:26 pm

COT Silver Report - July 8, 2019

SRSrocco, July 2, 11:47 am

As the world financial system heads closer to the abyss, global production of the second most important precious metal, silver, continues to deal with serious problems. According to Peru’s Ministry of Energy and Mines, the country’s largest primary silver mine saw its production plummet by 54% in the first quarter of 2019. The Uchucchacua Mine, run by Buenaventura, is not only the largest primary silver mine in Peru, but it is also ranked third in the world. Buenaventura reported that silver output at the Uchucchacua Mine decreased during Q1 2019 due to a contractor strike that lasted 21 days and significant rains. However, silver production at Uchucchacua continued to be weak in April, three months after the strike ended.

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