Tag - Silver

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Wednesday, July 19 2017

Silver Extreme Pits Big Investors Versus Small as ETFs Surge

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.

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Monday, July 3 2017

How many Silver Bars are in the LBMA Vaults in London?

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.

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Tuesday, June 27 2017

Sprott Precious Metals Watch

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.

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Thursday, May 18 2017

World Silver Survey 2017

World Silver Survey 2017

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Tuesday, May 16 2017

Was Noble The Silver Seller?

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.

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Saturday, May 13 2017

A Silver Mining Stocks List as Resources Become More Valuable

The disappearance of mining and natural resources is something that people living in the 21st century will have to accept. Resources that seem unlimited could become exhausted, either because of actual depletion or because environmental regulations will simply make the resources too costly to extract. Silver is one of these resources. Thus, a silver mining stocks list (see further below) could prove to be useful.

Mansoor Barati, a precious and rare metals specialist at the University of Toronto, worries that known stocks of silver could be depleted around 2029, at the current rate of production. Even if professor Barati’s estimates err on the pessimistic side, his research still raises concerns. Silver resources are on the mineralogical equivalent of life support.

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Thursday, May 11 2017

Global Silver Mine Production Drops in 2016 for First Time in 14 Years

Global silver mine production declined by 0.6 percent in 2016 to a total of 885.8 Moz. A large proportion of the drop was attributable to the lead/zinc and gold sectors, where production dipped by a combined 15.9 Moz. On a regional basis, Mexico registered the largest drop in production last year, followed by Australia and Argentina, yet those losses were partially offset by gains in Central and South America and Asia. Even so, Mexico was again the world’s largest silver producing country, followed by Peru, China, Chile and Russia.

Primary silver mine production grew by 1 percent to realize 30 percent of total silver mine output last year. Lead/zinc mines contributed 35 percent of 2016 by-product output, followed by copper mines at 23 percent and gold mining at 12 percent.

Silver scrap supply fell to 139.7 Moz in 2016, a level not seen since 1996, despite higher silver prices. The contraction was largely driven by lower Asian flows, due in part to lower industrial fabrication volumes. Scrap supply from the industrialized world was also muted, as partial jumps in flows from the United Kingdom and Europe in general, offset falls in North America and Japan.

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LME throws hat into ring to run London silver price fix

The London Metal Exchange (LME) will submit a proposal to take over the London silver fix, a senior executive said on Wednesday, the first company to publicly express interest in replacing the current operators of the price benchmark.

James Proudlock, managing director and head of market development for the exchange and its clearing business, said the exchange would take part in the process after a request for proposals (RFP) was recently issued to find a replacement for CME Group and Thomson Reuters.

Those companies said in March they would step down from providing the silver price benchmark auction less than three years after successfully bidding to provide the process.

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Friday, April 28 2017

Fear of regulation causes big swings in London's silver benchmark

London's silver price benchmark is plagued by big, unpredictable fluctuations that risk undermining its credibility and may complicate efforts by the London Bullion Market Association to find a new operator, according to a Reuters analysis of trading data and 10 industry sources.

The benchmark is used by silver producers and consumers around the world, including jewelers and electronics firms, to price their contracts in the multi-billion-dollar a day trade.

The figure generated at noon London time is intended to be a fair and accurate daily snapshot of the wider, fast-moving "spot" market. However, it has diverged widely from the spot price on a number of occasions since at least January 2016, leaving buyers and sellers with unexpected gains or losses, according to the Reuters analysis using Thomson Reuters data.

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Thursday, April 6 2017

Silver Metal Margins - CME Group

CME lowers silver margins by 13%

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Thursday, March 16 2017

Strong Institutional Investment Pushes Silver Prices Higher

The strength of silver prices is largely due to improving sentiment among institutional investors. Changing expectations towards the outlook for U.S. interest rates and the proliferation of negative policy rates across other key reserve currencies has rekindled institutional investor interest in precious metals. Meanwhile, a marked improvement in silver industrial offtake, led by photovoltaics, which achieved a record high last year, is also helping. All these factors in turn have fueled investment inflows into silver futures, options, exchange traded products (ETPs) and over-the-counter products.

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Tuesday, March 7 2017

More Bad News for the LBMA Silver Price, but an Opportunity for Overhaul

On Friday 3 March 2017, in a surprise announcement with implications for the global silver market, the London Bullion Market Association (LBMA) informed its members that the current administrator and calculation agent of its recently launched LBMA Silver Price auction, Thomson Reuters and the CME Group respectively, will be pulling out of providing their services to the problematic London-based silver price benchmark within the near future. Thomson Reuters and the CME Group issued identical statements.

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Saturday, March 4 2017

CME, Thomson Reuters step down from providing London silver benchmark

CME Group and Thomson Reuters are to step down from providing the LBMA silver price benchmark auction, the London Bullion Market Association said on Friday, less than three years after they successfully bid to provide the process.

"In consultation with the LBMA, CME Group and Thomson Reuters have decided to step down from their respective roles in relation to the LBMA Silver Price auction," the LBMA said in a members update seen by Reuters.

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Wednesday, March 1 2017

Silver News February Edition

The use of silver in photovoltaic (PV) cells and as a catalyst to produce ethylene oxide will together account for 120 million ounces per year of consumption on average from 2016 to 2020, an increase of 32% over 2015 levels, according to a report issued by The Silver Institute in December.

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Wednesday, February 8 2017

Silver the Key to a Sustainable Rally in Gold

This is one of the critical factors that must turn to signal a real bull run is coming. We did elect a Weekly Bullish in silver on Friday but not gold. However, we did get a Minor Monthly Bullish at the close of 2016 both in gold and silver. For a real bull market, we need the silver/gold ratio to break 60:1. It is currently in the 69:1 range. Here is a chart with 200 years of data for this ratio. A bull market requires BOTH metals to rally. Gold may have more trouble since it is being tracked by all governments. You cannot mail it outside the country nor jump on a plane with 10 ounces. Silver may become more viable if the world actually moves to electronic currency. So this ratio should start to come in after 2017.

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Friday, January 27 2017

Volkswagen Put an Invisible Layer of Silver in Its New Windshields to Melt Away Snow

The company’s new climate windshield, that can melt snow and ice without the need for distracting wires, delivers as promised—because the winter sucks if you own a car.

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Saturday, December 17 2016

Flation And The Surge Of Silver

If gold reaches $10,000 which I believe is a minimum without hyperinflation, that would give a silver price of $666 to $1,000. These are clearly levels that sound totally unrealistic currently with silver at $17 but are likely to be achieved within 5 years or so.

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Wednesday, December 7 2016

Indian Investors Stampede into Gold and Silver Bullion

India’s government was not finished creating problems. On November 11, excise tax authorities sent notices to 600 jewelers across the country asking for details about their inventories and their transactions from Nov. 7-10. Merchants were asked to provide details about the quantity and value of gold purchased from customers and the quantity and price of gold sold to other customers. The government reserved the option to then request customer details on any larger transactions.

Once the news was disseminated that the tax authorities might be checking on private citizens’ gold purchases, demand for this metal almost totally stopped. This development heightened fears that the government might try some kind of gold redemption or confiscation program. Such concerns were becoming so rampant that last week the government went out of its way to deny that any exchange or confiscation program would happen.

Throughout this fiasco, the government’s credibility has suffered. Such a reassurance that private gold holdings were safe did not have the intended effect. Instead, what has happened is that people are now focusing on buying physical silver. Since India is also one of the world’s largest silver consuming nations, I anticipate that this bump in demand will lead to significantly higher silver prices by the end of January.

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Saturday, December 3 2016

Why Now Is A Great Time To Buy Silver

Going forward, however, industrial demand for silver is expected to recover due to several tailwinds. Firstly, the ongoing growth in the global solar PV industry is expected to continue, especially in China. This should continue to drive silver volume growth in the sector; more importantly, solar PV manufacturers are now hitting the limits of silver “thrifting,” i.e. it has been increasingly difficult for them to reduce the silver content in each solar cell. Secondly, demand for silver in the electronics sector—after having peaked in 2010 at 74.6 million ounces—is expected to recover.

As such, I expect global industrial demand for silver to rebound in 2017 and for it to embark on a structural uptrend over the next several years.

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Report explores the Global silver mining to 2020 - silver production historic & forecast data, prices & silver metal consumption

Global silver metal reserves totaled were 571,000 tones (t) at the end of January 2016. Peru accounted for the largest share, with 21%, followed by Australia and Poland with 14.9% each, Chile with 13.5%, China with 7.5% and with Mexico 6.5%.

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