• Gold: 1,335.59 0.18
  • Silver: 17.08 -0.05
  • Euro: 1.228 0.000
  • USDX: 90.316 0.359
  • Oil: 68.04 -0.1

Live Silver

Bid|Ask 17.08 17.16
Low|High 17.04 17.26
Change -0.05  -0.27% 
Apr 20, 2018 17:00:00 EST
1 mo +0.894 +5.52%
1 yr -0.938 -5.21%
Low|High 14.16 18.23

Live Gold

Bid|Ask 1,335.59 1,336.00
Low|High 1,329.96 1,345.75
Change 0.18  0.01% 
Apr 20, 2018 17:00:00 EST
1 mo +25.59 +1.95%
1 yr +54.71 +4.27%
Low|High 1,204.72 1,366.08

Gold-Silver Ratio

Bid|Ask 77.84 78.22
Low|High 77.59 78.56
Change -0.1378  -0.18% 
Apr 20, 2018 17:00:00 EST
1 mo -3.0531 -3.77%
1 yr +6.7866 +9.55%
Low|High 70.21 84.85

Silver Edition

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Alasdair Macleod, April 20, 4:47 pm

Having performed indifferently since the price fell in late January, the silver price suddenly broke out of its torpor with a 45-cent rise on Wednesday and peaked intraday yesterday at $17.36. Gold is still confined within its established trading range and is yet to break out.

Stefan Wieler, April 20, 4:44 pm

Silver prices are trading almost 25% below the values predicted by our price model. This is the largest downside deviation we have seen in over 25 years. We believe this is the result of massive short selling in the futures market. In order to maintain this downward pressure on silver, speculators would have to continue to sell over 500 million ounces of paper silver per year. A reversal of this positioning could lead a >30% rally in silver prices in our view.

David Morgan, April 20, 3:54 pm

Mike Maloney & David Morgan take a look at the recent price action in silver. Is this a breakout or a fakeout?

SilverCOTReport, April 20, 3:31 pm

COT Silver Report - April 20, 2018

Eric Sprott, April 20, 3:27 pm

“It’s not just the net short position that is important. It’s: What if a Long says to a guy who’s short, ‘I’d like my silver?’ ‘I’d like my metal?’ We have over a billion ounces of short metal in silver. What if the Long simply says, ‘I can see there’s a bit of tightness showing up here in these various metals… maybe I’ll take delivery, thank you very much.’ Of course, as we know, the seller of the silver and/or gold doesn’t have the metals. So, yeah, there’s a very distinct possibility that this could erupt as people are getting more distressed… There are lots of smart guys that worry about the system crashing.”

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.

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