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Price of metal has more than doubled this year amid booming demand from investors and industrial users Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/c68c708f-282d-45fe-a9cd-b8871e43ed93 Silver prices have punched through $60 per ounce for the first time amid a historic rally driven by a scarcity of...

It’s the Dawn of Perpetual Scarcity and a New Monetary Era” Silver has experienced three spectacular bull runs over the past century, each driven by distinct macroeconomic, geopolitical, and supply-demand dynamics. Yet the present cycle is fundamentally different—a convergence of global mining stagnation and surging multi-sector demand threatens to ignite a much more consequential and potentially prolonged price explosion. The Three Major Bull Runs 1970s Bull Run (1971–1980) $1.30 → $50.00 → +3,746 % (≈ 37×) over 9 years 1970s run: final ~1.5 years = 80–90% of gains The first great silver bull began in 1971, triggered by the collapse...

The sudden halt of CME Globex futures trading on Friday, Nov 28, triggered a wave of speculation online — especially from silver traders who noticed the outage occurred minutes after silver futures touched fresh all-time highs above $54. As CME Group issued a statement citing a cooling issue at its CyrusOne data center, social media exploded with theories linking the halt to the ongoing silver breakout. Earlier in the day, CME confirmed: “Due to a cooling issue at CyrusOne data centers, our markets are currently halted. Support is working to resolve the issue…” The exchange clarified that the disruption was...

China’s $128/oz Premium Sets Global Benchmark, Triggering a Worldwide Silver Supply Shock and Redefining Pricing Everywhere. Raw silver is commanding $128 per ounce in China, the world’s largest physical silver marketplace—a price more than double prevailing global spot rates. In an interconnected world, silver always flows to the market that pays the most and treats it best. When benchmark prices surge so dramatically in one dominant region, those levels ripple outward, redefining what buyers everywhere must pay for the real metal. As word spreads of China’s sky-high premiums, sellers and traders naturally align their offers to match, making $128 not...

Our headline chart shows silver storming ahead amid reports of backwardations and soaring lease rates. Will it continue, and will gold be next? A graph of a line graph AI-generated content may be incorrect. Driven by poor liquidity, in Europe this morning silver was $45.03, up $2.00 from last Friday’s close. Gold was up a less spectacular $68 at $3750 on the week, but with a firm undertone. In this report, we look at what is currently driving gold and silver prices higher, and whether it will continue. The chart below illustrates the paper market problem with the silver futures...

Silver Nears 2011 Highs as Physical Market Fractures Silver markets are flashing red as the amount of physical silver available for immediate delivery in London has plunged to the lowest levels ever recorded. According to Daniel Ghali, senior commodity strategist at TD Securities, the so-called “free-float” inventory at the London Bullion Market Association (LBMA) has dropped to just 155 million ounces. That’s less than a single day’s worth of trading volume for spot silver in London, and it marks an unprecedented squeeze in the world’s most important silver trading hub. What’s driving this crisis? A perfect storm of factors. The...

In the July 18 edition of Gold Newsletter, editor and publisher Brien Lundin wrote about the failure of silver prices to keep up with gold prices. "I'm not the kind of conspiracy buff that many of my friends in the industry are," Lundin wrote, "but it's hard to look at silver and not see some hidden hands at work (especially considering who holds so much of the metal in both physical and paper forms while acting as custodian for the biggest silver exchange-traded fund)." Of course, Lundin meant investment bank JPMorgan Chase and silver ETF SLV. Why anyone would invest...

silver is up $1.75 today so far

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...