• Gold: 1,467.88 -2.67
  • Silver: 16.98 -0.04
  • Euro: 1.106 0.004
  • USDX: 97.983 -0.165
  • Oil: 57.7 0.81

Live Silver

Bid|Ask 16.98 16.98
Low|High 16.82 17.04
Change -0.04  -0.22% 
Nov 15, 2019 13:43:58 EST
1 mo -0.45 -2.58%
1 yr +2.689 +18.82%
Low|High 14.05 19.65

Live Gold

Bid|Ask 1,467.88 1,467.98
Low|High 1,462.46 1,469.90
Change -2.67  -0.18% 
Nov 15, 2019 13:44:04 EST
1 mo -14.1 -0.95%
1 yr +253.89 +20.91%
Low|High 1,207.74 1,557.06

Gold-Silver Ratio

Bid|Ask 86.43 86.46
Low|High 86.17 87.00
Change 0.0041  0% 
Nov 15, 2019 13:43:53 EST
1 mo +1.42 +1.67%
1 yr +1.5273 +1.8%
Low|High 78.88 93.44

Silver Edition

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SilverCOTReport, November 8, 3:16 pm

COT Silver Report - November 8, 2019.

SilverCOTReport, November 1, 3:17 pm

COT Silver Report - November 1, 2019.

David H. Smith, October 30, 11:53 am

A case can be made that silver's current price “stability” – believed by many to be well below where it "should" be – is the result of at least three interlocking factors. There are certainly other considerations, but the following seem especially relevant today… Our chosen metaphor is the three-legged stool. Take one leg away, and the stool topples. In the case of silver, the outcome is likely to be a violent price rise of epic proportions.

Rob Kirby, October 29, 8:34 am

Having long been a researcher of the gold and silver markets I have become familiar with the labels, “conspiracy theorist”, “gold bug”, “tin foil hat” and a host of others – less flattering. Over the years I have listened to a host mainstream economic commentators incredulously lament, “gold bugs actually believe that people meet – in rooms - and conspire to suppress the price of precious metals”. These same mainstream economic commentators frequently scoff, “if such activities were actually being undertaken, surely someone from “officialdom” would go rogue and out the perpetrators. They frequently cite the lack of such “outings” as concrete evidence that market manipulations on the part of or complicity with regulators as being “hearsay” or the product of delusionals. Well ladies and gentlemen; conspiracy theorists are deluded no more.

Theodore Butler, October 28, 12:41 pm

The emergence of a big buyer in silver and gold on lower prices complicates but doesn’t eliminate the necessity of a resolution of the extreme positioning imbalances in COMEX gold and silver futures. It also heightens the chance of a different outcome from the usual flush out of the managed money traders on lower prices, particularly if these traders hold off from aggressively adding new short positions. No guarantees, of course, but the growth of the concentrated long positions of late in both silver and gold just might portend a different outcome than the sharp selloff called for by the still-large commercial short position. That said, I wouldn’t expect the big shorts to simply roll over and play dead. The big shorts will either succeed in manipulating prices lower or they won’t, but if they do succeed I still believe it will be the last such rigged selloff.

SilverCOTReport, October 25, 3:17 pm

COT Silver Report - October 25, 2019.

SRSrocco, October 24, 9:05 am

Three of the largest silver producers in the world saw their combined mine supply continue to weaken in the first seven months of 2019. While Mexico and Chile experienced declines in their silver production, Peru was by far the biggest loser. Peru, which is the second-largest silver producer in the world, suffered an 11% decline in the country’s domestic mine supply Jan-Jul 2019. Even though the decline of silver mine supply at these leading producers isn’t impacting the current silver market price currently, it will likely do so as the Fed and central banks lose control of their QE money printing and asset purchase policy. In less than two weeks, the total U.S. debt has increased by another COOL $85 billion. With total U.S. public debt now at $22.92 trillion, it’s only a matter of time, maybe just a few weeks before we reach another record of $23 trillion.

SilverCOTReport, October 18, 3:14 pm

COT Silver Report - October 18, 2019.

Theodore Butler, October 18, 11:53 am

It was, after all, a simple question that sparked my interest in silver from the start. Some 35 years ago, my now-departed friend and mentor, Israel Friedman, challenged me with a question that took me a year to answer. Actually, “challenged” is not the right word, either back then or today. Izzy simply asked a question to which he had no real answer of someone he thought might be able to answer. In a real sense, the question conveyed a degree of respect, in that Izzy only asked me because he thought I might have an answer. It is with that same degree of respect that I ask for answers to my own questions today.

SRSrocco, October 16, 8:24 am

While the silver price is trading at another important short-term technical level, the underlying fundamentals continue to improve. Since silver peaked at $19.75 at the beginning of September, it has been correcting lower to key support levels. As I mentioned in my last update, the silver price would like correct back down to a key support level before moving higher. And, if history is a guide, there is a likely price where that turnaround will occur. However, it is essential to understand that technical analysis is only one aspect that guides the silver market price. Another more important factor is the improving fundamentals for precious metals as the Fed, and central banks begin to ramp up QE (money printing) once again. Of course, Fed Chairman Powell says the $60 billion a month in Treasury purchases is NOT QE.

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