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It's been a long time coming, but for precious metal fans the day of joy has finally arrived: following a coordinated campaign to buy both silver ETFs in the paper realm and precious metals in the physical, which over the weekend which left virtually US precious metals retailer with little to no physical inventory, silver has finally exploded higher following in the footsteps of other "most-shorted" names, and it was last trading just around $30/ounce, soaring by 11.5% - its biggest one-day jump since Sept 16, 2008 - the day Lehman filed for bankruptcy. And, if silver closes here, it...

p>“Prices for products containing silver will change EFFECTIVE October 13, 2020…re-setting silver prices is necessary”…(by Half Dollar) No inflation, huh?The US Mint even says below, to “cover rising costs”.Regardless, here’s a little dandy that the US Mint would probably like to keep as much under wraps as possible.From just today:From the Federal Register:Here’s the PDF of the government’s entry in the register, and, specifically, the products that are affected.And here’s the table from the PDF file:That’s $67 for each uncirculated Silver Eagle?Notice that while these coins are one step above, for example, a “tube of Eagles”, these are not necessarily coins that one may think...

It's been 6 long years, but silver investors are finally seeing some return on their investment! Market watchers have suggested that precious metals and commodities could be in for a rally as the global economy teetered on the brink of recession even before COVID-19 became a worldwide pandemic. The spike in silver prices over the past several trading days has the look of a strong and sustainable move that could carry its price through the $25 level and maybe even towards $30. Silver finished on Tuesday above $23, the first time it's been there since 2013. In the past 6...

https://www.kitco.com/charts/livesilver.html Ok silver has been (very) dull for a very long time. Might be so again, who knows? But today, someone, somewhere, seems to be placing a buy order. Maybe.

Gold and silver have been getting the snot beaten out of them lately as people respond to a fiat currency crisis in Turkey by flocking to another fiat currency. But even if I were a Keynesian and believed in paper money, I'd have to say that precious metals are looking attractive. I'm generally a gold guy, but silver is crazy cheap right now. As of right now it's trading at around $14.50 oz. But the real story that conventional analysts are missing is the silver to gold price ratio. Since gold was demonetized in the early 1970's the average price...

Tyler Durden Jul 3, 2016 10:50 PM Update: Silver just exploded above $21 - up almost 8% - its biggest single day surge since September 2013. Silver is limit up on SHFE as Gold is also surging back towards Brexit highs near $1360... China's CFETS Renminbi basket just hit a record low..(snip)Lots of charts...click on link(snip)

Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) were accused of manipulating prices in the multi-billion dollar market.

For the first few months of 1980, the silver market had been slipping as newly enacted rules began tightening their grip on the Hunt Brothers’ silver scheme. On March 27 (known as “Silver Thursday”), silver opened at $15.80 and closed at $10.80 as the Hunt Brothers reportedly initiated a massive sell-off of silver and contracts to meet their obligations. Commodities and the futures market crashed on these reports, but rallied somewhat, bringing silver to $12 an ounce within a few days. But the futures contracts owned by the Hunts were predicated on silver at $35 an ounce. What had been...

Just thought this seems possibly important. Gold also jumped.

Tyler Durden 08/27/2015 Shortly before 10amET, amid USD strength, futures prices for Copper, Crude, and Silver suddenly started spiking higher...(snip)

Akin Oyedele August 10, 2015The pain is far from over for commodity prices. Gold, crude oil, copper, and aluminum have all had ugly plunges this year, especially in July. And as far as analysts at Macquarie see it, it's only going to get worse.In a note to clients on Monday, the firm writes that the plunge in prices is not just a story of oversupply in commodities but also an undersupply of the dollar. And so as dollars become more scarce, the dollar gets more expensive, meaning that on a gross basis, fewer dollars buy more commodities, making it hard...

Gold just hit a five-year low. On Friday morning, the precious metal fell more than 1% to as low as $1,129.80 an ounce, the lowest since 2010. In a morning note to clients on Friday, Accendo Markets wrote: "Gold ($1,144) lower yet again after the German conservatives voted to start talking about the details of a third Greek bailout while Grexit plans were locked away for the time being. So when investors are confident, they sell gold; when they're worried, they don't buy it. A strong US dollar with all this talk of interest-rate hikes likely contributing to gold's seeming...

Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not...

Tyler Durden11/05/2014 When it comes to buyers of physical assets as opposed to traders of paper representations of such assets, there is one key difference: the latter, more than anything, enjoy looking at "heatmaps", chasing trends and jumping on momentum, the result being the most recent massive selloff in such "paper" representations of precious metals as the GLD and SLV ETFs, and various gold futures. On the other hand, those who prefer to hold the metal in their hands, as well as others such as China whose ravenous apetite for gold over the past 4 years has been extensively covered...

Silver Is Just About Finished Joe Weisenthal May 20, 2013, 4:22 AM Silver is getting creamed today (to the tune of 4%). Of course, the precious metals have been in a deep bear market for awhile. Worth looking at the big picture for a moment though. With its latest decline, silver is getting very close to hitting levels before it really took off in 2010 (and went parabolic in early 2011). The great story for silver is just about totally over. Screen Shot 2013 05 20 at 4.20.10 AMFinViz

The Week Begins, And Silver Is Instantly Getting Destroyed Joe Weisenthal May 19, 2013, 6:18 PM Fans of precious metals have been getting creamed lately. Thanks to declining volatility and a growing sense that real interest rates are on the rise, gold and silver have been getting taken to the woodshed. And in early Asian trading there's no letup. Silver is getting demolished. From Kitco, here's the sharp downward spike. Screen Shot 2013 05 19 at 6.16.13 PM Kitco As you can see here, the decline in gold is more muted, but still visible. Silver's not the only thing going...

Why Silver Price will Soar To $250 An Ounce Commodities / Gold and Silver 2013April 25, 2013 - 05:46 PM GMTPeter Krauth - Money Morning Peter Krauth writes: All bull markets go through periods of consolidations and corrections. And precious metals are no exception. There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more. Because the global silver market is relatively small, silver prices tend to be more volatile; the pounding selloff we witnessed in silver this past month is a testament to that fact....

Gold And Silver Are Getting Hammered Again Joe WeisenthalApr. 14, 2013, 9:55 PM One of the big stories from last Friday was the sharp decline in gold and silver. And that's continuing today. Here's gold. It's now below $1460/oz. And here's silver. It's fallen below $25/oz.

Wow, look what I noticed today? The European fiscal crisis must have triggered this.. Gold: $1,478/oz Silver: $25.95/oz. Platinum: $1,491.00/oz.

SILVER PRICE NEWS – The silver price rallied to another new 31-year high on Friday morning, reaching $35.335 per ounce amid gains in precious metals. The iShares Silver Trust (SLV), a proxy for the silver price, climbed $0.97, or 2.9%, to $34.39 per share. With today’s rally, the silver price is now higher by 7.3% just this week, and by 14.2% year-to-date. Moreover, it last reached the $35 level in 1980, as the Hunt Brothers’ attempt to corner the market sent the silver price above $50 per ounce. Notable advancers lifted by the surging silver price included Pan American Silver...