• Gold: 1,343.80 -2.30
  • Silver: 14.99 -0.01
  • Euro: 1.120 0.001
  • USDX: 97.519 -0.125
  • Oil: 53.6 -0.75

Live Silver

Bid|Ask 14.99 15.00
Low|High 14.92 15.03
Change -0.01  -0.07% 
Jun 19, 2019 09:45:34 EST
1 mo +0.6148 +4.28%
1 yr -1.3255 -8.12%
Low|High 13.89 16.55

Live Gold

Bid|Ask 1,343.93 1,344.05
Low|High 1,341.33 1,347.49
Change -2.17  -0.16% 
Jun 19, 2019 09:45:35 EST
1 mo +66.59 +5.21%
1 yr +68.95 +5.41%
Low|High 1,160.27 1,358.19

Gold-Silver Ratio

Bid|Ask 89.59 89.64
Low|High 89.56 89.95
Change -0.0448  -0.05% 
Jun 19, 2019 09:45:36 EST
1 mo +1.1541 +1.31%
1 yr +11.4954 +14.72%
Low|High 76.78 90.52

Silver Edition

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Hubert Moolman, June 19, 9:00 am

Silver is currently trading around $14.84 an ounce. This is around 30% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its lowest value it has ever been (see chart below). Also, it is ridiculous that one ounce of silver cost $50 in 1980 when there were about 132 billion dollars in existence, whereas today it is only $14.84 at a time when there are 3 304 billion dollars in existence (note that I have used rounded numbers which created some distortion).

SilverCOTReport, June 14, 3:18 pm

COT Silver Report - June 14, 2019

Hubert Moolman, June 14, 10:45 am

Currently silver priced in the Dow is close to all-time lows. Economic conditions has been favourable to paper and debt-based assets. The bullish wedge is an indication that all this is about to change. There has now been a breakout of the wedge and the ratio seems ready to go much higher. On the chart, I have indicated how the periods indicated by the green arrows have been associated with economic prosperity, and the red one with economic decline...

Theodore Butler, June 13, 9:28 am

One big difference between India and China is that the gold and silver buying in India is largely a grassroots phenomenon, emanating from the general population due to deep-rooted customs and traditions; where the buying from China is predominantly from official sources (similar to the gold buying by Russia). To me, this makes the gold and silver buying from India more “free market” and price-sensitive in nature because the more participants in any market, the freer the market is by definition. The many tens and even hundreds of millions of gold and silver buyers from India make the markets there the freest of all. India has always played a vital role in gold and silver. I remember how my longtime friend and silver mentor, Izzy Friedman, more than 40 years ago, as he was deciding whether to make a major investment in silver in the mid-1970’s, actually flew to India to see for himself if the stories of great silver hoards about to flood the market should prices move higher (from $4 or $5) were true. Izzy saw plenty of silver, but none so closely held in large concentrated quantities to pose a market threat. I believe that’s still the case today.

SRSrocco, June 11, 8:55 am

Even though the silver price has sold off today, it doesn’t mean the rally that started two weeks ago is over. While the silver price was down more than 40 cents today, it may be retesting a support level before heading higher. However, it doesn’t help that it took two weeks for silver to go up more than 70 cents, but then fall 30+ cents today. Regardless, traders and algorithms follow certain technical price levels. Thus, the silver price was trading in a falling wedge pattern for the past four months before breaking out of that trend last week. Typically, a falling wedge pattern is bullish. Yes, it sounds counter-intuitive, but falling wedges are more bullish to the price action while rising wedges are bearish.

SilverCOTReport, June 7, 3:21 pm

COT Silver Report - June 7, 2019

SRSrocco, June 4, 5:51 am

While silver investment demand in the West continues to remain weak, Indians are purchasing the white shiny metal hand over fist. In just the past six months, U.S. silver exports to India have exploded to record highs. Yes, there is no better way of putting it if we compare how little silver India imported from the United States during the previous six month period.

SilverCOTReport, May 31, 5:00 pm

COT Silver Report - May 31, 2019.

Adam Hamilton, May 31, 12:36 pm

The silver miners’ stocks have been pummeled in recent months, plunging near major secular lows in late May. Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold. This has forced traditional silver miners to increasingly diversify into gold, which has far-superior economics. The major silver miners’ ongoing shift from silver is apparent in their recently-released Q1’19 results. Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data available to traders. They dispel all the sentiment distortions inevitably surrounding prevailing stock-price levels, revealing corporations’ underlying hard fundamental realities.

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