If History Still Matters, Silver Is Poised For A Huge Move

21 hours 10 min ago

It’s been a pretty good couple of months for precious metals, but more so for gold than silver. Both are up but gold is up more, and the imbalance that this creates might be one of the major investment themes of the next few years. The gold/silver ratio – that is, how many ounces of silver it takes to buy an ounce of gold – has bounced all over the place since the 1960s. But whenever it’s gotten extremely high – say above 80 – silver outperformed gold, sometimes dramatically.

March Silver in Backwardation

July 11: Gold and Silver Fall Over 1% as Dollar Jumps

Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with a loss of 1.06%. Silver slipped to as low as $15.78 and ended with a loss of 1.62%.

July 12: Gold and Silver Gain with Stocks

Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close, but it still ended with a gain of 0.39%. Silver rose to as high as $15.989 and ended with a gain of 0.89%.

July 13: Gold and Silver Fall Over 1% on the Week

Gold dropped $10.30 to $1236.80 at about 8AM EST before it rebounded in New York, but it still ended with a loss of 0.44%. Silver slipped to as low as $15.692 and ended with a loss of 0.88%.

July 16: Gold and Silver Close Barely Lower

Gold edged up to $1245.60 in Asia before it dropped back to $1238.40 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.03%. Silver slipped to as low as $15.743 and ended with a loss of 0.06%.

July 18: Gold Erases Early Losses to End Unchanged

Gold fell $6.50 to $1221.30 in late Asian trade before it bounced back higher in London and New York, but it was unable to close with a gain. Silver slipped to as low as $15.394 and ended with a loss of 0.19%.

July 19: Gold and Silver Fall with Stocks

Gold dropped $16 to $1211.80 in London before it spiked up to $1228.70 in early afternoon New York trade after Trump said he’s “not happy” about the Fed raising interest rates, but it then chopped back lower into the close and ended with a loss of 0.4%. Silver slipped to as low as $15.177 and ended with a loss of 1.48%.

July 20: Gold and Silver Fall Almost 1% and 2% on the Week

Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ended near its session high of $1232.10 with a gain of 0.65%. Silver rose to as high as $15.536 and ended with a gain of 1.24%.

July 23: Gold and Silver Fall with Oil

Gold fell $8.40 to $1222.40 in early afternoon New York trade before it bounced back higher at times, but it still ended with a loss of 0.47%. Silver slipped to as low as $15.355 and ended with a loss of 0.84%.

July 24: Gold and Silver End Higher in Mixed Trade

Gold fell $6.60 to $1218.40 in Asia before it rallied up to $1229.50 in late morning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.02%. Silver rose to as high as $15.592 and ended with a gain of 0.65%.

July 25: Gold and Silver Gain with Stocks and Oil

Gold gained $8.90 to $1234.10 in early New York trade before it fell back towards unchanged by midday, but it then rallied back higher into the close and ended with a gain of 0.56%. Silver rose to as high as $15.628 and ended with a gain of 0.78%.

July 26: Gold and Silver Fall Roughly 1%

Gold drifted lower throughout most of world trade and ended near its late session low of $1222.50 with a loss of 0.75%. Silver slipped to as low as $15.389 and ended with a loss of 1.28%.

July 27: Gold and Silver End Slightly Lower on the Week

Gold edged up to $1225.40 in Asia before it dropped back to $1217.60 in London and then jumped to a new session high of $1227.20 by midday in New York, but it then drifted back lower into the close and ended with a gain of just 0.03%. Silver rose to as high as $15.534 and ended with a gain of 0.58%.

July 31: Gold and Silver Gain with Stocks and Bonds

Gold saw slight losses in London before it bounced back to $1223.10 in early New York trade and then dropped back down to $1214.20 by a little after 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.27%. Silver rose to as high as $15.607 and ended with a gain of 0.26%.

August 1: Gold and Silver Fall With Bonds

Gold dropped $4.60 to $1220.00 in Asia before it rallied back to unchanged in London and then fell to a new session low of $1216.70 at about 11AM EST, but it then bounced back higher into midafternoon and ended with a loss of just 0.69%. Silver slipped to as low as $15.39 and ended with a loss of 0.9%.

August 2: Gold and Silver Fall Again

Gold gained $4.40 to $1220.50 in Asia before it dropped back to $1213.40 in London and then bounced back to gains in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.58%. Silver slipped to as low as $15.288 and ended with a loss of 0.39%.

August 3: Gold and Silver End Slightly Lower on the Week

Gold dipped $4.40 to $1204.70 in Asia before it climbed up to $1220.00 by late morning in New York and then drifted back lower into the close, but it still ended with a gain of 0.36%. Silver rose to as high as $15.549 and ended with a gain of 0.59%.

August 6: Gold and Silver Fall Again

Gold dropped $6.10 to $1207.40 in London before it bounced back towards unchanged in morning New York trade, but it then fell back off into the close and ended with a loss of 0.49%. Silver slipped to as low as $15.29 and ended with a loss of 0.78%.

August 7: Gold and Silver Gain with Stocks

Gold gained $8.60 to $1216.10 by a little after 6AM EST before it chopped back towards unchanged by midafternoon in New York, but it then edged back up into the close and ended with a gain of 0.22%. Silver rose to as high as $15.485 and ended with a gain of 0.39%.

August 8: Gold and Silver End Higher in Mixed Trade

Gold gained $5.30 to $1215.50 in Asia before it dropped back to $1206.60 in London, but it then bounced back higher in New York trade and ended with a gain of 0.27%. Silver chopped between $15.454 and $15.283 and ended with a gain of 0.39%.

August 9: Gold and Silver Close Mixed

Gold dipped $2.60 to $1210.90 in Asia before it bounced back to $1217.20 in London and then dropped back lower in New York, but it ended with a loss of just 0.12%. Silver chopped between $15.367 and $15.503 and ended with a gain of 0.13%.

August 10: Gold and Silver End Slightly Lower on the Week

Gold dipped $6.20 to $1205.80 in Asia before it rallied up to $1217.00 by late morning in New York, but it then fell back off into midday and ended with a loss of 0.05%. Silver slipped to as low as $15.296 and ended with a loss of 0.78%.

August 13: Gold and Silver Fall Roughly 2%

Gold dropped $16.10 to $1195.30 in London before it bounced back above $1200 in early New York trade, but it then fell back off into the close and ended near its early afternoon low of $1191.80 with a loss of 1.49%. Silver slipped to as low as $14.974 and ended with a loss of 2.15%.

August 14: Gold and Silver Gain with Stocks and Dollar

Gold gained $5.30 to $1198.70 by late morning in New York before it chopped back down to $1192.20 by early afternoon, but then bounced back higher into the close and ended with a gain of 0.08%. Silver rose to as high as $15.107 and ended with a gain of 0.53%.

August 15: Gold and Silver Fall Roughly 2% and 4%

Gold drifted lower throughout most of world trade and ended near its late session low of $1173.20 with a loss of 1.63%. Silver slipped to as low as $14.367 and ended with a loss of 4.31%.

August 16: Gold Edges Lower While Silver Bonces Back

Gold dropped $14.40 to $1160.40 in early Asian trade before it rose to see a gain of $7.10 at $1181.90 at about 5AM EST, but it then drifted back lower in London and New York and ended with a loss of 0.1%. Silver rose to as high as $14.829 and ended with a gain of 1.53%.

SWOT Analysis: Gold Is Now 85 Times More Expensive Than Silver

The best performing metal this week was palladium, up 7.80 percent, scoring an eight-month high of $1,053.40 on Thursday, due to stockpiling by China, writes Kitco News. The World Gold Council reported this week that central banks added a net total of 193.3 tonnes of gold to their reserves in the first six months of 2018, representing an 8 percent increase from the same period in 2017 and the strongest first half of the year since 2015.

The Final Silver Sign

We’ve seen myriads of signs pointing to lower precious metals prices in the past months, weeks, and days. We even discussed how ridiculously similar the current situation is to what happened in 2013, right before the $200+ decline in gold. But the final bearish confirmation usually comes from the silver market and this time is no different.

September 28: Gold Dips While Silver Rises on the Week

Gold dropped $3.40 to $1180.90 in Asia, but it then jumped up to as high as $1193.60 by late morning in New York and ended with a gain of 0.62%. Silver surged to as high as $14.714 and ended with a gain of 2.52%.

The Silver Exclamation Mark

Rallying mining stocks? Forget about them. Silver is the new cool kid in the neighborhood. Having rallied by almost 50 cents in just one day, silver stole the spotlight and seems to be ready to move much higher… Or much lower. Does anyone still fall for silver’s fake rallies? Based on the size of the rally and the corresponding volume, it certainly seems to be the case.

October 1: Gold and Silver Edge Lower

Gold dropped $7.10 to $1184.60 in Asia before it to jumped up to $1192.10 in London and then fell back off into midmorning in New York, but it then bounced back higher into the close and ended with a loss of just 0.18%. Silver slipped to as low as $14.379 and ended with a loss of 0.89%.

Silver: Canary In An Inflationary Coal Mine

Inflation enthusiasts should consider adding some silver bullion to their investing “repertoire”. On this gold versus silver ratio chart the 75 area and higher has been a great place to sell gold and buy silver and the 50 area has been an equally great time to sell silver and buy gold. Significant wealth can be accumulated with this strategy. What’s particularly exciting now is that some major bank analysts are recommending this trade.

Gold Seeker Closing Report: Gold and Silver Gain Over 1%

Gold saw modest gains in Asia before it dipped back to $1189.20 in London, but it then jumped to as high as $1208.30 in late morning New York trade and ended with a gain of 1.14%. Silver rose to as high as $14.908 and ended with a gain of 1.24%.

October 3: Gold and Silver Edge Back Lower

Gold saw slight gains in Asia and chopped near unchanged in London before it dropped down to $1197.00 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.39%. Silver slipped to as low as $14.622 and ended with a loss of 0.14%.

October 4: Gold and Silver Close Mixed

Gold saw slight losses in Asia and held near unchanged in London before it climbed to as high as $1206.70 by late morning in New York and then fell back to $1197.10 by midafternoon, but it then bounced back higher into the close and ended with a gain of 0.07%. Silver rose to as high as $14.765 and ended with a loss of 0.48%.

October 5: Gold and Silver Gain With Dollar and Oil on the Week While Stocks and Bonds Fall

Gold dipped $2 to $1197.30 in Asia before it climbed up to $1205.80 at about 10AM EST and then drifted back lower into midday, but it then edged back higher in late trade and ended with a gain of 0.32%. Silver chopped between $14.516 and $14.712 and ended with a gain of 0.34%.

"Wages are rising." - Special guest Rick Rule on the US job market - Weekly Wrap-Up

"My gut feeling is, that the bond market is telling us a couple of things: that there is enough liquidity in the system that markets can take higher interest rates. The fed is not as concerned about letting interest rates rise as they would have been 2 years ago. I think the second thing is that savers are beginning to demand higher yields because they do see pressure on the dollar."

October 8: Gold and Silver Fall but Miners Bounce Back to Gains

Gold fell $19.40 to $1183.70 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.18%. Silver slipped to as low as $14.269 and ended with a loss of 1.64%.

October 9: Gold and Silver Edge Higher

Gold edged up to $1191.80 in Asia before it dropped back to $1183.50 at about 9:45AM EST, but it then chopped back higher into the close and ended with a gain of 0.1%. Silver sloshed between $14.436 and $14.269 and ended with a gain of 0.07%.

October 10: Gold and Miners Gain While Stocks Plummet

Gold dipped $4.60 to $1185.50 at about 8:30AM EST, but it then rallied back higher for most of the rest of trade and ended near its last-minute high of $1193.60 with a gain of 0.25%. Silver dipped to $14.247 before it also bounced back into the close, but it still ended with a loss of 0.69%.

October 11: Gold and Silver Jump 2% Higher While Stocks Fall Further

Gold held near unchanged for most of the day in Asia, but it then began a steady advance in London, accelerated higher in New York, and ended near its late session high of $1226.10 with a gain of 2.48%. Silver surged to as high as $14.621 and ended with a gain of 1.75%.

October 12: Gold Gains Over 1% on the Week While Stocks Drop 4%

Gold dipped $6.80 to $1215.90 in Asia before it climbed up to $1223.30 in London and then drifted back lower in morning New York trade, but it ended with a loss of just 0.38%. Silver chopped between $14.525 and $14.702 and ended with a gain of 0.41%.

October 15: Gold and Silver Gain While Stocks Drop Again

Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but it still ended with a gain of 0.61%. Silver rose to as high as $14.773 and ended with a gain of 0.55%.

October 16: Gold and Silver Close Slightly Lower

Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.04%. Silver rose to as high as $14.845 and ended with a loss of 0.2%.

October 17: Gold and Silver Edge Lower Again

Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New York, but it then fell back off into the close and ended with a loss of 0.09%. Silver slipped to as low as $14.597 and ended with a loss of 0.2%.

October 18: Gold Gains While Stocks Fall Markedly

Gold dipped $5.10 to $1218.70 in Asia, but it then chopped back higher in London and New York and ended not far from its early afternoon high of $1230.10 with a gain of 0.11%. Silver slipped to $14.455 before it climbed to as high as $14.651 by late morning in New York, but it then drifted back lower in afternoon trade and ended with a loss of 0.41%.

October 19: Gold and Silver Find Slight Gains on the Week

Gold dropped $1.90 to $1223.20 in Asia before it climbed up to $1230.50 by a little after 8AM EST, but it then drifted back lower into the close and ended with a gain of just 0.11%. Silver dipped to $14.559 before it rose to as high as $14.715 and then also fell back off, but it still ended with a gain of 0.41%.

October 22: Gold and Silver Edge Lower

Gold saw slight gains in Asia before it drifted down to $1220.50 by midmorning in New York and then bounced back higher into the close, but it still ended with a loss of 0.29%. Silver slipped to as low as $14.519 and ended with a loss of 0.41%.

October 23: Gold and Silver Gain While Stocks Shake

Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it still ended with a gain of 0.6%. Silver rose to as high as $14.806 and ended with a gain of 1.1%.

October 24: Gold Gains While Stocks Plummet

Gold gained $3.20 to $1233.30 in Asia before it dropped back to $1225.70 by a little after 8AM EST and then bounced back to gains by midmorning in New York ahead of a fall back to $1227.40 by early afternoon, but it then jumped higher into the close and ended with a gain of 0.2%. Silver slipped to as low as $14.653 and ended with a loss of 0.41%.

October 25: Gold and Silver Dip While Stocks Bounce Back

Gold gained $6.50 to $1239.10 in Asia before it dropped back to $1230.40 at about 4AM EST and then bounced back to gains in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.19%. Silver slipped to as low as $14.605 and ended with a loss of 0.34%.