• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 43 mins Oil prices going down
  • 11 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 10 hours Two Koreas Agree To March Together At Asian Games
  • 2 hours When will oil demand start declining due to EVs?
  • 9 hours Oil and Trade War
  • 3 mins Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 3 hours Sell out now or hold on?
  • 2 hours Correlation Between Oil Sweet Spots and Real Estate Hot Spots
  • 8 mins Trump Hits China With Tariffs On $50 Billion Of Goods
  • 2 hours venezuala oil crisis
  • 1 hour Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 11 hours Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 15 hours Australia mulls LNG import
  • 3 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 8 hours Trump Renews Attack On OPEC Ahead Of Group's Production Meeting
  • 45 mins What If Canada Had Wind and Not Oilsands?
Alt Text

Don't Miss the Big Show in Silver

Many are excited by the…

Alt Text

Revisiting the First Silver Bubble

As silver prices start to…

Alt Text

Where Will Silver Prices go from Here?

What can we expect from…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Silvers Boost From Asia

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%.

Silver Contracts

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, open interest in TOCOM gold has remained relatively flat.

Gold Contracts

The patterns on the two charts are divergent. Gold open interest in Japan spiked in July and has declined considerably since. Silver, by contrast, has been steadily rising for the last six months.

Of course, silver can be a tricky metal to pin down in terms of source of demand. With both industrial and investment applications, buying can be driven either by commercial users or individuals.

It appears in this case that individual buying is responsible. Most of the rise in open interest the last few weeks has come from "non-commercial customers", suggesting the buyers are individual investors looking for a "store of value" spot to stash their money.

The rise is striking, and certainly helping the silver market. We'll see if it continues.
Here's to "poor man's gold",

By. Dave Forest of Notela Resources




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News