With its recent surge back above $17/oz, we have officially entered a silver bull market by technical definitions. This threshold is reached when a market or asset trading at a price 20% above its 52-week lows. (Spot silver dipped below $14/oz as recently as last December.) Even as this bull market is only a few […]
After months of the silver price lagging behind the gold market, the two metals have switched roles in recent weeks. As we pointed out in a previous article, the fundamentals pointed toward a breakout for the silver price that would exceed the performance of gold. This reversal of fortunes was not surprising, but the reasons […]
After falling back from its recent 2016 high of $16 per ounce, silver has once again taken a backseat in the trading markets. It seems that it’s the bulls, not the bears, who have gone into hibernation.
Silver never goes out of style. The same appears to be true of the iShares Silver Trust (SLV). This is what investors continue to signal to the financial markets. No matter how much downward pressure the big players (institutional investors, i.e. megabanks) put on the price of silver, the Average Joe investors simply pile up […]
Since reaching an all-time high of nearly $49 per ounce in 2011, silver has been mired in a years-long bear market. Many nervous investors sold at the bottom. This unfortunate development doesn’t mean there aren’t still bargains to be had. At the same time, the fundamentals point to a potential resurgence for prices in the […]
Because gold gets all the headlines, many traders haven’t been paying close attention to the silver market lately. The argent metal always takes a back seat to its more expensive cousin, gold. This is because the biggest traders and investors prefer its high value-to-weight as a more efficient way of getting diversity into a tangible […]
The iShares Silver Trust (SLV) is the most prominent exchange-traded fund (ETF) that tracks the silver market. Like its counterpart in gold, the iShares Gold Trust (IAU), the fund is backed by a physical stockpile of silver bullion. This cache of physical silver rises or falls based on whether the fund is seeing net seller […]
Gold and silver are both precious metals; they are closely related in their chemical properties and both have a long history of serving as “monetary metals” for coins and bullion. It’s not surprising that their prices would track closely in the same direction, although not perfectly so. In some sense, you can think of gold […]
A small portion of the Durham County Hoard (more popularly known as the Neville’s Cross Hoard) of silver coins will finally be going up for auction in the U.K. The specific site where this group of coins was dug up, for which it was appropriately named, has historical significance dating to 14th century. The collection […]
No matter which way you slice it, safe haven demand for precious metals has been especially strong so far in 2016. Many traders and investors prefer to focus on the paper markets for gold and silver, specifically ETFs and futures contracts. While it is true that these investment vehicles have a profound impact on the […]
In the absence of a momentous realignment of the global economy, the U.S. and its international counterparts are stuck in stagnation. The precious metals market offers the perfect reflection of the negative sentiment of the global markets right now.
The spot silver price is coming to a crossroads where longer-term trends are born. Silver has been overlooked quite a bit during the recent gold rally, making it an affordable play for contrarian precious metals investors. The prices of the two metals very frequently track one another. Between the two, silver is more volatile—which makes […]
Nevada is nicknamed “The Silver State,” referencing the booming silver mining industry that thrived in the state beginning in the late 1800s. However, it seems that this title may be losing its luster. Once the site of a fast-growing solar power revolution, Nevada is now gridlocked between solar power supporters and powerful public utilities like […]
A tradition that stretches back 117 years may be crumbling to the ground. The LBMA (London Bullion Market Association) Silver Price, set by a daily meeting of five participating banks and administered by a partnership between Thomson Reuters and the Chicago Mercantile Exchange (CME), has been increasingly missing the mark on accurately representing the silver […]
Most of us think of silver as jewelry or an investment. Indeed, it is a precious metal, so it fits these roles perfectly. But there’s also another side to silver that gets overlooked: its widespread use in various industrial applications. Believe it or not, more than half (56%) of the annual silver supply goes toward […]
Because a huge chunk of the annual supply of newly-mined silver comes from secondary operations where silver is a small byproduct of a gold or copper mine, the few companies that are primary silver miners are especially hurt by low silver prices. However, the results haven’t turned out nearly as bad as one might expect. […]
For the last three years, the silver market has been stuck in a bearish channel. Aside from the occasional rumblings about the apparent disconnect from supply dynamics and robust demand, this bearish bias has remained firmly in place. Spot silver rallied substantially on Wednesday, however, adding 3% (+40¢ per ounce) to trade near $14.30/oz. This […]
The notion of the “streaming deal” or “streaming agreement” in the precious metal mining industry has become increasingly common over the last few years. Due to its newfound prevalence, this new business model in the precious metal mining sector is worth evaluating.
When we think about the dynamics and market forces that influence the price of silver, the situation is considerably different from gold. Although the two metals share some key similarities and therefore tend to move in the same direction, silver is influenced considerably by demand in industry. The industrial uses of silver also mean the […]
To say the least, 2015 has been a rough year for the precious metals. Thanks to the vicious downturn for commodities in general throughout the year, the prospects for gold, silver, and especially platinum and palladium have been beaten down to multi-year lows. The combination of dwindling demand for the metals’ industrial uses and an […]