OilPrice.com | Metals | Silver

Where Will Silver Prices go from Here?

Burnss@oilprice.com (Stuart Burns) — Tue, 19 Jul 2011 12:54:14 GMT

The rise and fall of the silver price this year had much more to do with speculative exuberance than any fundamental change in supply or demand. With a foot in both the industrial and investment markets, silver has always lived a dual life. Either pulled up or depressed by a rising or falling gold price and likewise supported by improving global macro economic trends suggesting industrial demand improvement. Sometimes this pushes silver counter cyclically to gold. Occasionally both factors coincide to encourage a high level of speculative interest…

A Look at the First Silver Bubble

jimonline@irelandmail.com (Mad Hedge Fund Trader) — Wed, 25 May 2011 12:51:14 GMT

With smoke still rising from the ruins of the recent silver crash, I thought I’d touch base with a wizened and grizzled old veteran who still remembered the last time a bubble popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered investment advisors in the country. Mike is the last surviving silver broker to the Hunt Brothers, who in 1979-80 were major players in the run up in the “poor man’s gold” from $11 to a staggering $50 an…

Will Silver Prices Continue their Incredible Run

Burnss@oilprice.com (Stuart Burns) — Fri, 01 Apr 2011 9:36:02 GMT

An article in Mineweb last week reported that silver imports in India had dropped off dramatically this year and suggested the high price may be to blame. Silver imports into India from April 2010 to February 2011 dropped to 343 tons from 451.5 tons in the same period of 2010. The largest precious-metal importing region is Gujarat, where nearly 162 tons were imported in January, but dropped over 70 percent in February to 47 tons and were reported by an official of the Gujarat State Export Bureau as reaching on 16 kgs in March, by the 18th. The…

Next Stop $50 for Silver

jimonline@irelandmail.com (Mad Hedge Fund Trader) — Wed, 09 Mar 2011 2:49:47 GMT

Last week, I saw silver rise $1 in one day. I remember when the white metal’s total cost was $1! Investment demand is overwhelming industrial demand by a large margin. The world produces about 1 billion ounces of silver a year to meet 1 billion ounces a demand for jewelry and industrial process. But over the past year, an additional 300 million ounces of investment demand has piled on top of that, creating the parabolic moves in prices that we have seen this year. The total demand for silver today is the same as it was in 1980, when a corning…

When is the Best Time to Buy Silver?

berezowski@oilprice.com (Taras Berezowsky) — Fri, 04 Mar 2011 14:48:35 GMT

While there’s considerable focus on silver regarding what returns it can gain as an investment asset and as a hedging tool – both valid applications, amidst sovereign debt risks and currency devaluations – it’s helpful to zero in on the fundamentals of silver and how it plays next to gold, its precious cousin, and the more industrial-focused platinum and palladium. In light of China urging its citizens to buy gold (more on that key topic in a two-part series from Stuart on Monday), where does silver stand in all of this?…

Unbelievable Open Interest in Silver on the Tokyo Commodity Exchange

dforest@oilprice.com (Dave Forest) — Thu, 11 Nov 2010 20:53:38 GMT

I know I've been harping a lot about this, but the chart just keeps marching unbelievably upward. Over the last two days, open interest jumped another 12%. In fact, there's hasn't been a substantial decrease in Japanese Ag open interest in the last six months. Compare this to NYMEX, where open interest has been mostly flat since September. And actually fell 5% over the last two trading days. Most interestingly, the Japanese silver buying is apparently not a precious metals-wide thing. TOCOM open interest in gold has actually been falling steadily…

Silvers Boost From Asia

dforest@oilprice.com (Dave Forest) — Mon, 04 Oct 2010 18:15:31 GMT

I wrote last week about Asia's love for platinum. This week, it's looking like there's a new "hot item" in the East. Silver. Open interest in silver on the Tokyo Commodity Exchange has been on a tear. Since last Friday, outstanding contracts have jumped 20%. It would be tempting to chalk the rising interest up to general enthusiasm about precious metals. After all, prices for gold, silver and the PGMs have all been rising of late. But it appears that silver is something special in Japan. At the same time as silver contracts are being bought up,…

Silver Blasts Through $21!

jimonline@irelandmail.com (Mad Hedge Fund Trader) — Mon, 20 Sep 2010 13:51:45 GMT

Gold hit a new high too at $1,284, and the yellow metal seems hell bent on taking out $1,300 before it takes a rest. The street was bubbling today with rumors of some leveraged gold traders getting margin calls on their shorts. A major incentive last week was Japan's massive $21 billion intervention in the foreign exchange markets to drive down the yen. Some believe that this is only the opening shot in a global attempt at quantitative easing in the run up to the November elections that will debase all paper currencies to the benefit of all hard…

Make or Break Time for Silver

jimonline@irelandmail.com (Mad Hedge Fund Trader) — Thu, 16 Sep 2010 14:08:52 GMT

Those who took my advice to load up on silver a month ago are laughing all the way to the bank. The white metal outperformed gold better than 1.6:1 ratio that I predicted. Silver is now trading at a two year high, is overbought, and bumping up against key technical resistance. Unsurprisingly, I have been flooded by emails from readers asking what to do now. Short term traders, those in the futures markets, and anyone using a degree of leverage should take the money and run. As I have pointed out with my hugely successful agricultural trades this…

Silver is Hot, Hot, Hot

jimonline@irelandmail.com (Mad Hedge Fund Trader) — Tue, 31 Aug 2010 14:15:37 GMT

Those who followed my advice to watch silver should by now have the precious coins raining down upon them. Since then, the precious white metal has jumped 8% to $19.30, just pennies short of a multiyear high, compared to a more pedestrian 4% move by gold (GLD). It is thus fulfilling my prediction that it would outperform the barbaric relic by 2:1 on the upside. The action has spilled over into the miners, with Coeur D Alene Mines (CDE) rocketing by 19% in two weeks, while Silver Wheaton (SLW) is up 14% and Hecla Mining (HL) has tacked on an impressive…

Why Silver Could Outshine Gold

jimonline@irelandmail.com (Mad Hedge Fund Trader) — Mon, 28 Jun 2010 21:53:41 GMT

The latest round of risk reduction by global hedge funds bashed silver (SLV), knocking $2.50 off of the $19.50 high seen in the heady days of May. Today we have made it back to $18.67, indicating that the white metal is holding up far better than it has in past sell offs. Silver has always been an odd duck in the precious metals world, with half of the demand coming from industrial applications, and the other half coming from monetary demand. The recent strength suggests this balance is now shifting in favor of the latter, and could have much farther…

Silver - Gold's Poorer Cousin Uncovered

admin@oilprice.com (Editorial Dept) — Thu, 05 Nov 2009 1:10:42 GMT

For centuries silver has always played "second fiddle" to its "prettier, more popular cousin," gold. While gold has continued to be the precious metal that everybody wants, loves and adores, wise investors are now beginning to take a good look at the value of silver in a diversified portfolio. Here’s why: As the entire world continues to rapidly advance into the realms of modern day, state of the art technology, medical research and infrastructure building, silver is duly noted as a far more useful metal that touches all our lives on a moment…