• Gold: 1,347.03 0.88
  • Silver: 16.54 0.01
  • Euro: 1.235 -0.002
  • USDX: 89.436 -0.421
  • Oil: 65.8 1.58

Live Silver

Bid|Ask 16.54 16.59
Low|High 16.44 16.67
Change 0.01  0.06% 
Mar 23, 2018 17:00:00 EST
1 mo +0.034 +0.21%
1 yr -1.0375 -5.9%
Low|High 14.16 18.65

Live Gold

Bid|Ask 1,347.03 1,347.45
Low|High 1,331.70 1,350.24
Change 0.88  0.07% 
Mar 23, 2018 17:00:00 EST
1 mo +18.32 +1.38%
1 yr +101.36 +8.14%
Low|High 1,204.72 1,366.08

Gold-Silver Ratio

Bid|Ask 81.19 81.46
Low|High 80.84 81.46
Change 0.2275  0.28% 
Mar 23, 2018 17:00:00 EST
1 mo +0.9397 +1.17%
1 yr +10.4188 +14.72%
Low|High 68.20 84.85

Silver Edition


SilverCOTReport, March 23, 3:34 pm

COT Silver Report - March 23, 2018

Eric Sprott, March 23, 2:29 pm

“We’re in spitting distance of a new high here.” — Eric Sprott on the value of gold amid chaos (Weekly Wrap-up, March 23, 2018)

Craig Hemke, March 21, 9:19 am

So it's easy to conclude that this massive hoard of silver is not customer silver in storage nor is it held in custody as a part of the SLV. Instead, this is very likely JPM's own silver, against which JPM can issue contracts as an alleged hedge. Just as selling call options against a large equity position can yield an investor additional income, we believe JPM sells futures against this physical position. This allows them to manage price and consistently create profits for their commodity trading desk.

Theodore Butler, March 20, 9:30 am

No doubt that the ten-year anniversary of the failure of the prominent investment bank, Bear Stearns, and its takeover by JPMorgan is cause for reflection. Bear Stearns was a force to be reckoned with and held a storied past on Wall Street and its fall was a seminal financial event. To that end, there have been any number of retrospective articles, most often offering the perspective of the major players involved and what the takeover meant to the acquirer, JPMorgan.

Eric Sprott, March 16, 4:34 pm

We had this tax cut and we thought two things would happen: People would spend more money (NOT!) and companies would spend more money (NOT!). We had all this theory that everyone’s going to have more money to spend, and nothing happens! … It boils down to the basic facts that you and I have discussed: The average guy is experiencing sharp inflation and no wage increase. … We keep forgetting about the changes in health care premiums—which, of course, are consuming huge amounts of everyone’s income. And even real estate taxes, and insurance bills and, oh my God, the things that are going up all the time! The amount of money we have to spend on phones that we never spent on phones 15 years ago. Incredible expenses for families. They’re having a tough time… I’m not surprised we don’t have liftoff.

SilverCOTReport, March 16, 3:26 pm

COT Silver Report - March 9, 2018

Alasdair Macleod, March 16, 2:31 pm

On Comex, silver remains in deeply oversold territory, while gold is broadly neutral. Silver appears to be following the base metals, which have been drifting lower, while the dollar continues its consolidation of earlier falls. Consequently, the gold/silver ratio is up at over 80, a level that historically has been too high to sustain, as the next chart shows.

Jeff Clark, March 14, 2:09 pm

Our customers tend to buy more silver than gold. And as Mike Maloney has said many times, he believes the silver price will rise much more in the coming wealth transfer than the gold price will. If he’s right, there are some truly exciting times ahead for those of us who own lots of physical silver. If you’re a silver believer like us, check out our 10-question quiz to see if you can call yourself a GoldSilver silver bug…

Craig Hemke, March 14, 9:08 am

In short, the three primary drivers of this rally will be continuing weakness in the U.S. dollar, generally rising commodity prices and the aforementioned Commitment of Traders structure that recently showed the Large Speculators in COMEX silver to be NET short for the first time in nearly 15 years. As you know by now, the COMEX silver "market" is very likely THE most manipulated in the world, given its relatively small size and the dominant, monopolistic positions held by a few major banks.

Przemyslaw Radomski, CFA, March 12, 12:51 pm

In the free analysis that we posted last Monday, we warned that Friday’s session was likely to be volatile and tricky. This seems to have indeed been the case for silver. The white metal declined early in the day only to rally almost 40 cents from the initial low. In our previous alert, we discussed the possibility of silver topping at about $16.65 and this level was reached. Is silver about to take a dive just like it did in late November 2017?

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