• Gold: 1,590.69 14.79
  • Silver: 13.98 0.01
  • Euro: 1.094 -0.009
  • USDX: 99.579 0.632
  • Oil: 20.61 0.44

Live Silver

Bid|Ask 13.98 14.00
Low|High 13.84 14.12
Change 0.01  0.09% 
Apr 01, 2020 07:03:42 EST
1 mo -2.656 -15.96%
1 yr -1.117 -7.4%
Low|High 11.63 19.65

Live Gold

Bid|Ask 1,590.64 1,591.80
Low|High 1,576.98 1,599.44
Change 14.74  0.94% 
Apr 01, 2020 07:03:44 EST
1 mo +4.86 +0.31%
1 yr +303.22 +23.55%
Low|High 1,266.27 1,703.20

Gold-Silver Ratio

Bid|Ask 113.59 113.86
Low|High 111.79 114.94
Change 0.758  0.67% 
Apr 01, 2020 07:03:44 EST
1 mo +18.676 +19.68%
1 yr +28.362 +33.28%
Low|High 79.05 128.23

Silver Edition

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Clive Maund, March 29, 3:39 pm

Whichever way you cut it, silver’s chart looks bearish for the short to medium-term, but against this we must set its rapidly improving COT structure and the mega-bullish silver to gold ratio (by all past standards).

Chris Marchese, March 29, 11:38 am

Due to government mandated shutdowns of select businesses and in this case, mining, in response to the COVID-19 outbreak, there has been rather limited news flow except that related to temporarily suspending mining operations. It is important to note those companies which have temporarily placed operations on care and maintenance (C&M) will see cash outflows from those assets as C&M cost money. Strong balance sheets and available liquidity are imperative given the current market uncertainty. $AEM $AGI $BTC $CXB.TO $CG.TO $EGO $EDV.TO $EQX $FSM $HL $IAG $HL $LUG.TO $MUX $OGC.TO $PAAS $SSRM

SilverCOTReport, March 27, 3:16 pm

COT Silver Report - March 27, 2020.

Adam Hamilton, March 27, 11:58 am

The carnage in the silver miners’ stocks has been apocalyptic, fueled by the astounding COVID-19 stock panic. As terrified traders frantically dumped everything and ran for the hills, silver and its miners’ stocks crashed. That catastrophic anomaly has potentially created epic contrarian buying opportunities. The silver miners’ recently-reported Q4’19 results reveal whether their fundamentals support a massive rebound.

Chris Marchese, SilverSeek.com, March 26, 10:00 am

While there are a dearth of primary silver producers and even fewer quality companies, the same can’t be said of the next generation of primary silver producers. With the exception of Pan-American, Hochschild, Hecla, Fortuna, Fresnillo and arguably First Majestic Silver, there are essentially only a couple to no other high-quality primary silver producers (meaning no other companies derive at least 65% of total revenue from silver-equivalent production (silver and gold) and at least 40%-45% +/- from silver, now or in the future (inclusive a company’s advanced development projects), and have an all-in sustaining cost (AISC) profile per ounces of silver in the lowest quartile or bottom 40-50% on the industry cost curve (which may exclude First Majestic Silver for the time being).

SRSrocco, March 24, 5:34 pm

The precious metals market continues to experience unprecedented demand for silver bullion products. Even with the Fed increasing its liquidity injections by providing “Open-ended” QE to infinity, the Dow Jones Index today is still selling off considerably…. down 900+ points. There is no way the Fed and central banks can backstop the markets with liquidity and asset purchases if the physical economy is shutting down.

Chris Marchese, March 21, 5:31 pm

Endeavour Silver: Things are going from bad to worse for the higher-cost silver producer. In 2019, the company announced its El Cubo mine (which was its most profitable operation for a couple years) had become depletes of mineral reserves and it would be winding down operations until the company could drill out additional resources. This lowered output and caused an increase in companywide all-in sustaining costs (AISC). Further, due to heavy selling in silver and the company’s all-in cost structure being well above spot prices, should this continue for a prolonged period of time, it will be a cash drain. Beyond that, this week, the company completed the updated pre-feasibility study (PFS) at its Terronera silver project. Based on the preliminary economic assessment (PEA) and initial PFS, in addition to encouraging drill results after the study was completed, Terronera was to be its cornerstone asset, and by a substantial margin. Instead of publishing a summary of the PFS, Endeavour is now reviewing the study internally as it is less robust relative to the previous PFS. This could be resolved and be every bit at economic as originally thought but this in nonetheless unsettling news for the time being. | $AUY $PAAS $SILV $SVM $NEE.V $NGD $MUX $KL $GUY.TO $GCM.TO $EXK $ELY.V $GOLD $ALO $AGI

Jeff Clark, March 21, 1:36 pm

Given what’s happening in the markets, it’s time to look at the history of crashes in gold and silver. And just as important, to see what message we can glean about their recoveries. Despite the scary market activity, what’s happening to gold and silver, believe it or not, is not new. There have been many periods in history where they have crashed. The reasons vary, as does the severity and duration. However, the thing to be aware of, as I’ll show, is that they recovered. Always. The only issue is how long the process took and how high they ultimately went.

James Henry Anderson, March 21, 1:26 pm

We reached out to Ted Butler of ButlerResearch.com to get some of his thoughts on spot price plunges this past month in COMEX silver and COMEX gold specifically. We sourced a dozen questions both internally and externally too online. Ted Butler has been analyzing the silver bullion and gold bullion markets for his loyal newsletter subscribers for many decades. Many self-proclaimed gold and silver experts originally found out about precious metals from Ted’s trailblazing writings during the early days of the internet.

SilverCOTReport, March 20, 3:16 pm

COT Silver Report - March 20, 2020

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