• Gold: 1,644.03 -14.77
  • Silver: 18.20 -0.43
  • Euro: 1.088 0.003
  • USDX: 98.962 -0.375
  • Oil: 50.07 -1.25

Live Silver

Bid|Ask 18.20 18.21
Low|High 18.16 18.65
Change -0.43  -2.32% 
Feb 25, 2020 14:23:51 EST
1 mo +0.1285 +0.71%
1 yr +2.307 +14.51%
Low|High 14.29 19.65

Live Gold

Bid|Ask 1,644.01 1,644.15
Low|High 1,633.04 1,658.79
Change -14.79  -0.89% 
Feb 25, 2020 14:23:53 EST
1 mo +73.15 +4.66%
1 yr +316.45 +23.84%
Low|High 1,266.27 1,689.35

Gold-Silver Ratio

Bid|Ask 90.27 90.31
Low|High 88.55 90.52
Change 1.4129  1.59% 
Feb 25, 2020 14:23:53 EST
1 mo +3.7606 +4.35%
1 yr +6.7884 +8.13%
Low|High 78.88 93.44

Silver Edition


David Chapman, February 24, 1:20 pm

Silver finally showed some spark with a solid 4.5% gain this past week. With an RSI still under overbought levels at 70 silver could have further to run. Our only concern, as we note below, is that while gold is making new 52-week highs silver is not. Silver is still suggesting that it could hit potential targets up to $20.30/$20.50 based on the triangle that formed August to December 2019. The flag formation that formed in January/February 2020 suggests targets of $19.40/$19.50. Once silver breaks over $18.60 we could also have potential targets up to $21.80. Some words of caution are that besides silver lagging gold the commercial COT for silver is sliding further as well. Nonetheless, the action was positive this past week for silver and we should see higher prices this coming week. There is some resistance at $18.90 and again up to the August 2019 high of $19.75.

Mark O'Byrne, February 24, 1:09 pm

◆ Popular and liquid bullion formats should be taken possession of and also stored in liquid, secure storage in their own country and at least one other safe jurisdiction ◆ Zurich remains the most liquid and safest places in the world to own gold and silver coins and bars

Clive Maund, February 23, 3:29 pm

On the 2-year chart we can see the sharp advance out of the 2nd low of the Double Bottom last Summer, which itself is actually made up of a lower order Double Bottom, and how this has been followed by a lengthy period of consolidation that has allowed the 200-day moving average to largely catch up with the price. Silver has underperformed gold in recent months, as shown at the top of the chart, which is normal during the earliest stages of a major sector bullmarket, but On-balance Volume is strong, which bodes well for continued improvement, and it looks like it is building up to break out upside from the large consolidation pattern before much longer.

Chris Marchese, February 23, 6:35 am

Alexco: is in the process of divesting its profitable and fast-growing remediation business (AEG) to the AEG management group. On closing of the transaction AEG will be pay Alexco $12.1m in cash, with the balance of $1.25m payable pursuant to a promissory note maturing on February 14th, 2021. This will go a long way to reducing the required capital investment to bring several Keno Hill mines back into production, feeding a central mill. Construction will start in 2020 and the because the company has already built the mill and started mine development, the buildout period is estimated at 8 or so months... Companies covered in this weekly report: $AXU $USAS $KOR.to $AG $FSM $KNT.v $GSV $KL $OR $SILV $PAAS $TXG.to $WGO.v

SilverCOTReport, February 21, 3:14 pm

COT Silver Report - February 21, 2020.

Hubert Moolman, February 21, 9:57 am

Captain Ewave, February 21, 7:07 am

Gold, Silver, & GDX: Bullish Action. Need we say more? The wave counts are awesome, and for investors, the sun is shining!

Craig Hemke, February 19, 10:47 am

COMEX silver has lagged, but it will soon break higher—toward $20 and then $22. Once this happens, the mining shares will accelerate higher with the likelihood of outsized annual gains for this sector clearly in sight. Thus we conclude with the old adage: Sit tight and be right. Watch those key, technical levels and allocate your assets accordingly.

David H. Smith, February 19, 10:27 am

So, don't let yourself fall into the trap of waiting until the writing is on the wall – and on the charts – to purchase the silver you want. It would be wise to ask yourself right now, whether you'd like to participate as an owner in silver's oncoming multi-year run up into record territory, or instead (try to) be content sitting back and watching the charts print out a bigger and bigger profit stream, just like palladium has been doing for almost three years!

Chris Marcus, Arcadia Economics, February 18, 9:03 am

So I was fortunate to have David join me on the show and explain what’s happening. Explain how the imbalance is going to have to be resolved. And share what he’s now seeing in the platinum market, where the lease rate indicates a similar pattern might soon be underway. Of course this does have the potential to filter over to the other precious metals markets like gold and silver. So to find out what’s happening from the man who forecast it over a year in advance, click to watch the interview now!

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