It looks like demand for Silver Eagles hasn’t subsided as the U.S. Mint sold nearly another million since last week. Total Silver Eagle sales for October have now surpassed September, and there are still three more days remaining in the month. Not only are October Silver Eagle sales higher than…
What an interesting day as the broader markets are selling off while the precious metals and mining stocks are holding up rather well. Unfortunately, the oil price is back in the $38 level which is destroying the value of shale oil stocks. I’d imagine Concho Resources is quite happy today…
What do the technicals say about the precious metals prices over the short term?? Well, if we look at a few indicators, they point to a short-term correction lower before setting up for the next leg higher. When will that next LEG HIGHER begin?? That depends a great deal upon…
Two countries are buying one heck of a lot of silver investment this year, and it isn’t China or India. The notion that China is one of the big buyers of physical silver investment doesn’t seem to register from the data published by the world’s leading silver consultancy sources…
With the continued uncertainty in the markets and financial system, the U.S. Mint Silver Eagle sales for the last quarter of 2020 are forecasted to triple compared to the same period last year. Already, sales of Silver Eagles so far in October have surpassed the total during the entire fourth…
With the broader markets selling off today and the precious metals being off their highs, I thought it would be a good idea to do Metals & Market Update. I also include charts and information on why silver investment demand, not industrial demand, will be the leading driver of the silver…