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Archive of Featured Silver Commentary

Silver Stocks 2 | May 30 2008 | Scott Wright | AG WISDOM

Got Gold Report - Small Gold, Silver and Uranium Miners Advance | May 25 2008 | Gene Arensberg | AG WISDOM

® Interesting comments on silver near the bottom of the commentary. [Tom Szabo] [6-8-08]

Silver Technicals 2 | May 23 2008 | Adam Hamilton | AG WISDOM

Silver - Major Uptrend Alert | May 18 2008 | Clive Maund | AG WISDOM

® Mr. Maund's chart shows that silver has broken above a bullish falling wedge and should move appreciably higher. I don't know about "major uptrend" but so far his technical call is correct.

New Study Finds Silver Futures Market is Functioning Properly | May 14 2008 | CFTC | AG WISDOM

® The CFTC takes apart most of Ted Butler's claims about the silver market rather convincingly using logic that appears pretty solid. For example, the CFTC claims to have interviewed 5 of the largest 10 commercial traders in COMEX silver, finding that the commercials have numerous customers on whose behalf they trade that sometimes leaves them net long on the COMEX but typically close to neutral when futures contracts, physical positions and OTC derivative positions are taken into account. Of course, the rub is the OTC derivative positions and if there is any truth to Mr. Butler's claims, it lies here. Yet that truth is most likely much smaller than Mr. Butler alleges. In particular, it is the OTC derivatives and not necessarily the COMEX that creates the main risk of default in silver deliveries. Be that as it may, only a few will probably notice that the CFTC actually makes a critical admission that is in total agreement with Mr. Butler and is also exceedingly bullish for silver prices: that low silver prices in the past were due to the existence of stockpiles and the recent rise may have been due in part to the exhaustion of such stockpiles. The CFTC does not proceed to reach the natural conclusion that silver prices will continue to rise unless more stockpiles become available or new ones can be built up, but this is understandable considering its job does not include providing investment advice. So, this CFTC study ends up being a very bullish development for silver even though it pretty much puts one of the biggest silver bulls in his place.

Mitsui Mining’s silver-based autocatalyst | Apr 29 2008 | Johnson Matthey | AG WISDOM

® I've been meaning to post this reasonable retort to Mitsui's recent announcement that it had developed a silver-based catalytic process that could result in a substantial net savings in material costs due to reduced platinum usage being substituted by silver. Johnson Matthey describes limitations to substituting platinum that essentially means the new silver catalyst would represent a niche market (at least in the next few years) and would probably come nowhere near 20 million ounces of annual silver demand. At the same time, it doesn't appear likely that platinum demand for autocatalysts will fall in most of the current applications, certainly not enough to offset increased global demand for vehicles with lower emissions.

Silver or Silver Stocks? | Apr 29 2008 | Bob Kirtley | AG WISDOM

Silver Update | Apr 25 2008 | Roland Watson | AG WISDOM

Silver Equities Enter Buying Zone | Apr 10 2008 | Troy Schwensen | AG WISDOM

® This sums it up pretty nicely: "When I started investing in this market back in 2002, I often read articles about bull markets and how they are renowned for throwing off a large majority of investors along the way. At the time, I didn't really appreciate what these authors meant. 6 years later it is safe to say I am getting a better appreciation! The only reason I remain firmly in the saddle is because I have made the effort to understand as much as I can about why I am 100% invested in this sector. Once you have done these hard yards, you remain mentally immune to what the market has to throw at you."

Pay-Dirt Cheap | Apr 9 2008 | David Bond | AG WISDOM

® Failed bankers like UBS should put some money into Silver Valley (Idaho) silver mining stocks so they can recover their losses and become heroes again to little old ladies.

Short Silver | Apr 3 2008 | David Morgan | AG WISDOM

Does you silver stock truly shine? Part 2: The Silver Stocks | Mar 26 2008 | P. Radomski | AG WISDOM

Buying Silver When There is None Left to Buy | Mar 24 2008 | Jim Otis | AG WISDOM

Silver Shortage: 19 dealers reported "Sold Out" | Mar 19 2008 | Jason Hommel | AG WISDOM

Guess who is running low on Silver! | Mar 19 2008 | Jason Hommel | AG WISDOM

Is Silver the Sleeper? | Mar 7 2008 | David Morgan

The $5 Silver Blow-Off Is Now | Mar 5 2008 | David Bond

Predicting the Silver Top | Mar 3 2008 | Roland Watson

How to Get Into Silver, for Billionaires | Feb 28 2008 | Jason Hommel

® Mr. Hommel discusses just how small the silver market really is even with silver trading near $20 and recommends approaches for "billionaires" to buy silver from local coin dealers. The conclusion is that they cannot really acquire a lot of silver this way. I personally would add several approaches that would allow billionaires to acquire quite a bit of silver. First, they could acquire spot month futures contracts and take delivery. Even with a 150 contract limit, that would allow a billionaire to acquire 4.5 million ounces of silver per year, which at $20/oz. is $90 million. This would represent more than 5% allocation to silver bullion assuming the billionaire has a $1 billion investment portfolio (typically billionaires have much of their wealth tied up in their businesses or real estate), which should be plenty enough for a billionaire. Then there is the ETF. Here, the billionaire can use an "Authorized Participant" to accumulate ETF shares in baskets of 50,000 shares and then redeem these for a little short of 500,000 oz. of silver at a time. Again, a billionaire would be able to accumulate large quantities of silver this way. Yet another way the billionaire could get his or her hands on a lot of silver is to buy a producing or developing silver mine, take it private if it is a public company, and have the production refined into bullion for the personal portfolio. I wholeheartedly recommend any of the three above methods as each would substantially increase the price of silver (and silver stocks), allowing an increasing number of billionaires to get into the silver market. So, if you are a billionaire looking to get into silver, I would be very happy to help you implement these strategies for a "small" fee...

Silver Now Outperforming Gold | Feb 27 2008 | Roland Watson

10 Gold / Silver Ratios |  Feb 19 2008 | Dr. Thomas Chaize

Is Dishoarding Massive Quantities of Silver from India Likely? | Feb 19 2008 | Julian D.W. Phillips

® No. India has not historically exported silver despite large stocks being held there. There is a propensity to hoard because it allows farming profits to be "saved" without payment of taxes, but dishoarding would require tax payments and therefore hoarded silver (and gold) stays in "invisible" stockpiles permanently.

A Whiskey & Gunpowder Special Report: Silver | Feb 12 2008 | Whiskey & Gunpowder

The Surrender of the Silver Shorts | Feb 7 2008 | Roland Watson

Silver Update | Feb 1 2008 | Roland Watson

® Mr. Watson uses the proprietary "Relative Moving Average Refined" method to time the silver market. This measure reached 1.30 at the peaks of both the 2004 and 2006 rallies but is now just below 1.0. Mr. Watson believes that it may take several months for the measure to reach 1.30 again, which would put the rally peak around May or June with silver between $20 and $30.

The Double Whammy of Geopolitical Global Gold Games | Jan 30 2008 | Antal E. Fekete

There is no Silver Surplus | Jan 29 2008 | Jason Hommel

® Mr. Hommel points out the fault with industry-sponsored studies like CPM Group, GFMS and VM Group stating there is an annual "surplus" or "deficit" in gold and silver. He correctly states the shortfall in mine supply is supplemented by recycling such as people selling scrap to dealers and then goes on a particularly nasty attack of Jessica Cross of VM Group, even though she is saying the exact same thing, just in a different way. The sole issue seems to be her use of the word "surplus", something that I've asked her about in the past. At the time, she admitted the term "surplus" is really a misnomer since it includes all investment demand except the ETFs (they are already included in the identifiable demand figures). See my comments from October 8, 2007 in which she addresses this very topic. [Tom Szabo] [01-29-08]

Silver in Surplus? | Jan 28 2008 | Roland Watson

® Mr. Watson makes the point that the silver "surplus" referenced by Jessica Cross of VM Group in The Silver Book is not a surplus at all but rather the amount of silver absorbed by investors. Even if this amount has truly been 150 million to 200 million ounces per year, the fact that silver prices have been rising strongly during the past 5 years means that investment demand has absorbed all this metal and then some. Regrettably, this very important fundamental driver appears to get lost in the details of the silver surveys, but at least Jessica Cross and VM Group (see my October 8, 2007 commentary) seem to agree wholeheartedly with it. Hopefully, their next report will focus more on the investment aspect of the silver market given that prices are now primarily investment-driven. [Tom Szabo] [01-29-08]

Silver and the General Stock Market | Jan 24 2008 | Roland Watson

® Silver is not correlated to stock prices based on 40 years of trading history. Silver rallies when enough investors take notice that fiat money is losing value, as it is has been and continues to be thanks to Fed action like the latest 0.75% rate cut. Even though stocks may climb when fiat money loses value, the gains are illusory since buying power is lost. Thus, it is not too late to buy silver, especially as a hedge against real losses on other investments due to depreciation in the dollar. I'd add that other fiat currencies and non-dollar investments are in the same boat; diversifying offshore is a poor alternative to owning gold and silver. [Tom Szabo] [01-29-08]

Buying Silver in Britain | Jan 21 2008 | Roland Watson

Real Silver Highs 2 | Jan 18 2008 | Adam Hamilton

Why Buy Silver? Update #19 | Jan 18 2008 | Peter Zihlmann

Silver Shipping Costs | Jan 18 2008 | Jason Hommel

Silver: There's Never Enough! | Jan 16 2008 | Jason Hommel

A Silver Elliot Puzzle | Jan 15 2008 | Roland Watson

Scunnered, or, The Great Disconnect | Jan 15 2008 | David Bond

Silver - Good Things Come in Small Packages | Jan 12 2008 | David Morgan

Silver: Questions and Answers | Jan 10 2008 | Jason Hommel

Silver Keeping Pace with Gold; Set to Outpace Gold | Jan 9 2008 | Jason Hommel

Doubling The Silver Bet | Jan 3 2008 | David Bond

The Silver Blow Off | Nov 18 2007 | Roland Watson

How Not to Lose Money in Silver | Nov 9 2007 | Roland Watson

The "Child's Guide to Technical Analysis" looks at silver... | Nov 3 2007 | Clive Maund

Silver Update | Nov 3 2007 | Roland Watson

The Saga of the Naked Boogieman | Oct 31 2007 | Antal E. Fekete

Silver Underperforming Gold? | Oct 29 2007 | Roland Watson

Silver Lagging Gold | Oct 26 2007 | Adam Hamilton

Silver: The Next Wheat | Oct 24 2007 | Eric Fodness

Fifty silver mining stocks sorted | Oct 23 2007 | Barry Sergeant

Silver about to POP BIG TIME | Oct 11 2007 | Charleston Voice

Exploding The Myth Of Silver Shortage | Sep 25 2007 | Antal E. Fekete

Silver's Cloudy Lining | Sep 24 2007 | Terry Wooten [Barron's]

Why silver is set to GO THROUGH THE ROOF... | Sep 19 2007 | Clive Maund

Silver is not Money! (should be ?) | Sep 17 2007 | Ruben T. Varela

Silver buying opportunity on relative gold/silver price pattern? | Sep 16 2007 | Lawrence Williams

Silver Update | Sep 7 2007 | Roland Watson

Speculative silver holdings down to core low – time to buy or sell? | Sep 6 2007 | Rhona O'Connell

Silver's Subtle Signals | Sep 4 2007 | Brian Bloom

Silver Market Update | Sep 4 2007 | Clive Maund

Silver vs. Gold | Sep 3 2007 | Bob Kirtley

Alarming Silver Technicals | Aug 31 2007 | Scott Wright

Is Silver Ripe for a Rally? | Aug 24 2007 | Lauren Villagran

Silver Market Update | Aug 22 2007 | Clive Maund

Silver: A Technical Breakout Could Be Weeks Away | Aug 14 2007 | Silver-prices.net

Silver Market Update | Aug 7 2007 | Clive Maund

The Case for Buying Silver: A History of Paper Money | Jul 19 2007 | Howard Ruff

Morgan Market Matters Radio [audio] | Jul 17 2007 | David Morgan

Silver: The Poor Cousin to Gold? | Jul 16 2007 | Lindsay Williams

When Is It Time To "Worry" About Our Investments? | Jul 12 2007 | Michael Kilbach

Silver Market Update | Jul 12 2007 | Clive Maund

Buy the Silver Sidestep For Super Profits | Jul 11 2007 | Jim Otis

COTs Flip to Bullish on Silver | Jul 10 2007 | Alex Rosin

Sell Offs Make You Think | Jul 3 2007 | Israel Friedman

Why Silver Stocks Are Outperforming Gold | Jul 2 2007 | Boris Sobolev

Investing In Silver | Jul 2 2007 | Nicholas Vardy

Silver Summit 2007 – A Magical Mystery Tour | Jul 2 2007 | David Bond

The Silver Millionaire | Jun 29 2007 | David Morgan

Perfidy's 40th Anniversary | Jun 27 2007 | David Bond

David Morgan Interview [audio] | Jun 23 2007 | David Morgan

Metals shortages have a silver lining for investors | Jun 12 2007 | Merryn Somerset Webb

Where to Find Silver Stocks that Shine [video] | Jun 11 2007 | TheStreet.com

Boil Them in Oil Over a Slow Fire | Jun 5 2007 | Charleston Voice

2007 2nd Half Outlook for a Key Resource Economy | Jun 4 2007 | Neil Charnock

Silver: The Long Term View | Jun 1 2007 | Roland Watson

Why Silver will Soar | May 23 2007 | Jason Hommel

Silver Shines At The Money Show | May 23 2007 | David Bond

silberinfo Interview with Ted Butler | May 18 2007 | silberinfo

Investors Going Silly for Silver [video] | May 15 2007 | TheStreet.com

Why the silver price is set to soar | Apr 30 2007 | Mark O'Byrne

Gold: Will it outperform Silver? | Apr 17 2007 | Silver-Prices.Net

If Silver Permabulls Are Right | Apr 17 2007 | FreeMarketNews.com

Speaking Of Silver | Apr 9 2007 | Sean Rakhimov

Exiting the 1980 Silver Top | Mar 25 2007 | Roland Watson

Welcome Back Hecla | Mar 15 2007 | David Bond

Silver Will Outperform Gold When Fiat Dies | Mar 15 2007 | Shelby Moore

Silver lining in a cloudy market | Mar 15 2007 | Kevin Kerr

The Need For Speed | Mar 13 2007 | Captain Hook

Silver versus Gold | Mar 13 2007 | Steven Saville

Five Things You Need To Know About Gold | Mar 5 2007 | Lance Lewis

Gold fails as a safe-haven asset | Mar 5 2007 | Allan Seccombe

Traders Selling Gold to Cover Yen Carry Trade Losses | Mar 2 2007 | Jon A. Nones

Recovery in jewellery and retail investment demand paves the way for gold price to rise above $700 | Mar 1 2007 | Marino G. Pieterse

Junior Mining Companies: The Treasure of the Sierra Madre | Mar 1 2007 | Trey Wasser

Central Bank buys 20 tonnes of locally mined gold for its reserves | Feb 23 2007 | Julian Phillips

Production of Large Silver Mines Through 2030 | Feb 21 2007 | Bryant Blake

Silk Road Or Silver Road? | Feb 11 2007 | David Bond

Off to a Good Start in 2007 | Feb 7 2007 | Mary Anne and Pamela Aden

Speculation and Price Risks | Feb 2 2007 | Frank Veneroso

Precious Metals: The Speculation of a Lifetime | Feb 1 2007 | David Galland

Justin Rice - A Silver Mining Legend, Going Strong at 88 | Feb 1 2007 | Paul Gains [LE Magazine]

Why Silver [audio] | Feb 1 2007 | Sean Rakhimov

Certificate Programs – An Exception to the Rule | Feb 1 2007 | Danielle Dwyer-Psarras

David Morgan Discusses Silver Demand and Supply Statistics | Jan 31 2007 | Al Korelin

Silver! Silver! Silver! [audio] | Jan 30 2007 | David Morgan

The International Price of Silver | Jan 28 2007 | Roland Watson

Review on Vancouver & Silver | Jan 26 2007 | Jason Hommel

Should We Take Profits Now? | Jan 25 2007 | Peter Degraaf

Precious Points: Rumors of Metals' Demise Greatly Exaggerated! | Jan 22 2007 | Oroborean

Silver in 2007: Even the bears are largely bullish | Jan 19 2007 | Lawrence Williams

Is The Commodities Bull Getting Buried Under The Housing Rubble? | Jan 9 2007 | Jas Jain

No Chalk Lines Around This Place | Dec 31 2006 | David Bond

Thoughts on Silver in the 21st Century | Dec 30 2006 | David Bond

Silberinfo Interviews David Morgan | Dec 16 2006 | Silberinfo

Why Silver Will Outperform Gold 400% and How You Can Join the Party | Dec 12 2006 | Franklin Sanders

How High Could Silver Go? | Dec 4 2006 | Chris Weber

Germany Goes Bankrupt Too! | Nov 29 2006 | Martin W. Hennecke

The Age of Silver | Nov 24 2006 | Greg Peel

The case for silver | Nov 19 2006 | Investing the Middle Way

Gold and Silver = Money | Nov 18 2006 | Lee Rogers

GFMS: Silver to Hit $15 [video] | Nov 15 2006 | TheStreet.com

Parisian Musings on Silver | Nov 13 2006 | David Bond

What's the Story on Silver Coin Melts & Coin Premiums? | Nov 12 2006 | Charleston Voice

Silver - An Investment Manager's Perspective | Nov 9 2006 | Ned Naylor-Leyland

Base Metals: Silver's Albatross? | Nov 7 2006 | Tom Szabo

The Silver Intersection | Nov 3 2006 | Richard Karn

The Myth of the Gold Supply Deficit | Oct 22 2006 | Robert Blumen

Author Claims Silver is The Single Best Investment In The World At Present Time | Oct 18 2006 | David Morgan

Why Gold & Silver Now? | Sep 20 2006 | Howard Ruff

Silver Preamble | Jul 30 2006 | Christian Wirth

Silver Speculator or Silver Investor? | Jul 26 2006 | David Morgan

Feedback to Rhody on Silver Lease Thoughts | Jul 8 2006 | Tom Szabo [at FSU]

® Silver Lease Rate Patterns | Jul 5 2006 | Rhody

The Rise and Fall of the Gold Basis | Jun 23 2006 | Antal Fekete

Silver Market Update | Jun 18 2006 | Clive Maund

Expected Metals Corrections | Jun 16 2006 | Adam Hamilton

Got Gold Report - Gold and Silver "Bucked" Off By Bernanke | Jun 11 2006 | Gene Arensberg

The Last Contango in Washington | Jun 4 2006 | Antal Fekete

Monetary vs. Non-Monetary Commodities | May 25 2006 | Antal Fekete

Hidden Silver About to Surface? | May 11 2006 | Gene Arensberg

Analyst Sees Funds Ruining Perfectly Good Resource Boom | Apr 20 2006 | Jon Nones [RI]

Why Metals Stocks Haven't Peaked | Apr 19 2006 | Jim Jubak

Smashing Silver | Apr 19 2006 | Charleston Voice

Is the Spotlight Shining On Silver, Gold and Commodities Yet? | Apr 7 2006 | Tom Szabo

® Beware the Banking Cartel . . . | Mar 27 2006 | Charleston Voice

The Silver ETF - Not So Ironic After All? | Mar 23 2006 | Tom Szabo

Silver ETF Urgent Update | Mar 21 2006 | Tom Szabo

Are Gold and Silver in a Bubble Market? | Mar 15 2006 | Dr. Gary North

GFMS Disputes CPM Group's Silver Stats | Mar 10 2006 | Jon A. Nones [RI]

Silver ETF Ironies | Mar 3 2006 | Tom Szabo

Silver Bulls Rejoice as Mexican Miners Strike | Mar 2 2006 | Jon A. Nones [RI]

Part 2: The Silver Deficit (1942 - 2004) | Feb 25 2006 | David Zurbuchen

Is Silver or Gold Better? | Feb 23 2006 | The Optimist

Silver Wheaton and Coeur d'Alene Mines | Feb 16 2006 | Tom Szabo

The Silver Versus Gold Debate | Feb 16 2006 | Steven Saville

The Great Debate Continues: Silver vs. Gold | Feb 15 2006 | Dr. Gary North

New Improved Confusion on Gold & Silver | Feb 13 2006 | Franklin Sanders

The New Uses of Silver - Introduction | Feb 10 2006 | Tom Szabo

Buy Silver or Gold? | Feb 8 2006 | Dr. Gary North

Part 1: Cumulative Gold and Silver Production | Jan 15 2006 | David Zurbuchen

“Good-by Mr. Market” - Big Questions Part III | June 1 2003 | David H. Smith

Bunker Hunt's "Silver" China | Undated | Andrew Racz

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