Tag - Silver
Monday, January 7 2019
By GCRU Gold News on Monday, January 7 2019, 23:50
Last year, for the fifth year in a row, the silver market recorded another deficit; this time of 26.0 Moz (810 t). Mine supply fell for the second consecutive year by 4% in 2017, following 13 consecutive annual increases prior to 2016. This was a result of years of Capex reductions in combination with supply disruptions, particularly in the Americas. With scrap supply contracting by 1% in combination with net-hedging of 1.4 Moz (44 t), total silver supply fell by 2% to just under one billion ounces.
Friday, November 16 2018
By GCRU Gold News on Friday, November 16 2018, 00:45
The silver market is expected to experience a physical surplus of 35.3 Moz which is substantially higher than the previous year. Net holdings of ETPs have contracted 0.5 Moz to-date, following seven annual increases in the last decade. On the other hand, exchange inventories have increased for the third consecutive year in 2018, particularly on COMEX which represents approximately 76% of total, rising by 52.5 Moz. As such, the net balance is expected to post a shortfall of 16.7 Moz.
Thursday, September 13 2018
By GCRU Gold News on Thursday, September 13 2018, 01:11
China will continue to be a major driver in the global silver market for years to come, fueled by continued industrial demand and silver mining activity. China is by far the largest consumer of silver globally, accounting for 18% of global fabrication demand in recent years.
Wednesday, September 5 2018
By GCRU Gold News on Wednesday, September 5 2018, 01:03
The ongoing revolution in green technologies, driven by strong growth of new energy vehicles (NEVs) and continued investment in solar photovoltaic energy, should further boost global industrial demand for silver over the next decade and beyond. These sectors, along with silver demand in nuclear power, are explored in a new report, The Role of Silver in the Green Revolution, released by the Silver Institute.
Wednesday, August 29 2018
By GCRU Gold News on Wednesday, August 29 2018, 05:45
Deep beneath Chancery Lane in central London are the London Silver Vaults, containing the largest retail collection of antique silver in the world.
Thursday, June 7 2018
By GCRU Gold News on Thursday, June 7 2018, 00:51
We regret to advise that we shall be significantly reducing our coverage of the SILVER markets this Friday - June 8th 2018.
Friday, April 13 2018
By GCRU Gold News on Friday, April 13 2018, 00:21
Industrial demand for silver, fueled by record photovoltaic growth, rose in 2017 for the first time since 2013. A stronger global economy led to healthy demand from the semi-conductor market, resulting in greater silver offtake in electrical and electronics applications as well as brazing alloys and solders. The jewelry and silverware sectors also experienced noteworthy gains in 2017. On the supply side, global mine supply fell for the second consecutive year, following an uninterrupted streak of 13 annual increases prior to 2016. Silver scrap supply, which has been in retreat since 2012, again registered a loss. These factors led to a tightening of the supply/demand balance, contributing to a physical deficit of 26 million ounces (Moz) in 2017, the fifth consecutive annual deficit.
Friday, February 16 2018
By GCRU Gold News on Friday, February 16 2018, 23:56
CME drops Silver Bond by 10%
Thursday, January 18 2018
By GCRU Gold News on Thursday, January 18 2018, 23:59
Silver Market Balance
The silver market balance (total supply less total demand) is expected swing into a slight market deficit again this year with both supply and demand reaching above 1 billion ounces. Silver from above ground stocks will have to be drawn down in order to serve the shortfall. That will be a welcome development as above ground stocks rose 9% last year in the face of weak physical demand from the United States and Asia.
Wednesday, November 29 2017
By GCRU Gold News on Wednesday, November 29 2017, 04:13
Is 2018 the year of the silver rally? Keith Neumeyer, CEO of First Majestic Silver Corp., thinks so and expects the metal to climb eightfold over the next 3-5 years.
Thursday, November 16 2017
By GCRU Gold News on Thursday, November 16 2017, 01:23
Release of Thomson Reuters Interim Silver Market Review
Friday, September 29 2017
By GCRU Gold News on Friday, September 29 2017, 03:55
Therefore, yet again, with the LBMA acting as gatekeeper on who is allowed to be a direct participant in the LBMA Silver Price auction, ICE has its hands tied on meeting IOSCO’s requirement that the should be a reliable representation of interest, and there is zero chance that this silver auction will ever see the many 100s of silver trading entities taking part and zero chance that the auction will ever reflect the silver price discovery that these 100s of silver trading entities would bring to the table.
Friday, September 8 2017
By GCRU Gold News on Friday, September 8 2017, 22:25
CME raises silver margins by 9.3%
Wednesday, August 30 2017
By GCRU Gold News on Wednesday, August 30 2017, 01:12
ICE Benchmark Administration expects to begin administering the benchmark and operating the auction underlying the London Bullion Market Association Silver Price from September 25, subject to regulatory approval, parent company Intercontinental Exchange said Tuesday.
The company announced in July that it had been selected as the new administrator for the LBMA Silver Price, replacing a joint effort by CME Group and Thomson Reuters which stepped down in March, less than three years after taking over.
Wednesday, July 26 2017
By GCRU Gold News on Wednesday, July 26 2017, 01:34
he figures show that 1,984 tons of silver were imported in the first half year – 37% more than in the same period last year and the highest first-half-year silver imports in seven years
Wednesday, July 19 2017
By GCRU Gold News on Wednesday, July 19 2017, 03:03
Silver, known for being a market of extremes, is living up to its reputation this year.
Prices rallied 17 percent in the first four months of the year, only to reverse and wipe out those gains. Despite the selloff, investors are pouring money into exchange-traded funds, and assets have reached a record 21,211 metric tons, valuing the holdings at $11 billion.
Monday, July 3 2017
By GCRU Gold News on Monday, July 3 2017, 05:31
Sometime in the coming days, the London Bullion Market Association (LBMA) plans to begin publishing gold and silver vault holding totals covering the network of commercial precious vault operators in London that fall under its remit. This follows an announcement made by the LBMA on 8 May.
The forthcoming LBMA vault data will represent actual physical gold and silver holdings, i.e. real tangible precious metals, as opposed to the intangible and gargantuan paper gold and paper silver trading volumes generated each day in the London precious metals markets.
Tuesday, June 27 2017
By GCRU Gold News on Tuesday, June 27 2017, 00:14
To investors sympathetic to the portfolio-diversification potential of precious metals, yet desirous of an asset with practical “real world” applications, we offer for consideration the unique fundamentals of silver. In this report, we explore the compelling investment utility of a portfolio commitment to silver.
Thursday, May 18 2017
By GCRU Gold News on Thursday, May 18 2017, 05:15
Tuesday, May 16 2017
By GCRU Gold News on Tuesday, May 16 2017, 01:34
I could be whistling in the wind, but I wonder if silver’s decline over the past month has been a desperate attempt to shore up some liquidity at Noble. Although we probably will never know for sure, I take solace in the fact that if I am correct, then most likely Noble will have no more silver to sell.