World Silver Survey 2012 confirms bullish picture | Buy Silver Online

World Silver Survey 2012 confirms bullish picture | Buy Silver Online




TheSilverPrice.info

The Silver Institute's "World Silver Survey 2012" report hasn’t surprised investors and market participants. Silver mining output hit record highs last year, while silver demand from end users and investors remained robust – despite silver's correction phase which started close to a year ago. The Silver Institute is one of the most important organisations in the silver sector, comprising producers, dealers and numerous companies that use silver. Thus, this study is of significance.

Although global investment demand dropped slightly to 282.2 million ounces (8,766 tonnes) this marginal decline isn’t too consequential, since in 2011 silver registered a higher average price than in the previous year. As a consequence, the financial value of global silver demand reached a new record high of almost $10 billion – a 73% increase on the previous year. Demand for silver coins and medals climbed by 129% to a new record high of 118.2 million ounces (3,677 tonnes). In comparison with 2010 demand for silver bars increased 67% to 95.7 million ounces (2,975 tonnes).

The Silver Megathrust - Seeking Alpha

The Silver Megathrust - Seeking Alpha


www.TheSilverPrice.info

"History does not repeat itself, but it sure does rhyme."(Mark Twain)

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 - yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 - during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

Silver Forecast for April 27, 2012, Technical Analysis » Fx Empire Network

Silver Forecast for April 27, 2012, Technical Analysis » Fx Empire Network


TheSilverPrice.info

The silver markets rose during the session on Thursday as the hammer from the previous session got broken to the upside. Yesterday we mentioned that this would be a decent buy signal, and in fact we have taken it. However, the area does face some headwinds just above – so this is a short-term trade.

The silver market have been beaten up pretty badly over the last several weeks, but the $30-ish level is a massive support level based upon the longer term charts. The bears will have to get past this barrier to completely take control, and as a result – this area is absolutely vital to the overall health of the silver markets.

The $33 level above is the top of the most recent consolidation area, and that is where we think the market will head towards now. However, it is somewhat in doubt as to whether or not the market can overcome the level as there are many reasons to think that there could be trouble moving forward for the silver market.

Futures exchange to offer contracts for silver|Business|chinadaily.com.cn

Futures exchange to offer contracts for silver|Business|chinadaily.com.cn


TheSilverPrice.info

The Shanghai Futures Exchange received regulatory approval on Wednesday to start tradingin silver contracts, giving Chinese investors a new way to bet on the precious metal.

The lot size of the contracts was set at 15 kilograms and the lot prices will be allowed tofluctuate by 5 percent a day. The margin requirement was set at 7 percent and prices will bequoted in yuan. The minimum amount the prices will be allowed to fluctuate was set at 1 yuan(16 US cents).

The silver contracts are the first of their type to be offered in China. Before, investors had touse Shanghai Gold Exchange Ag (T+D) contracts to conduct certain transactions of the metal.They could also go to commercial banks to buy paper silver, which don't have to be deliveredphysically.

JP Morgan Silver Manipulation by Jason Hommel

JP Morgan Silver Manipulation by Jason Hommel


TheSilverPrice.info

Allow me to bring you up to date on what you need to know about JP Morgan's manipulation of the silver market.

It is being exposed, and JP Morgan is failing, and losing money on their scheme.  

On April 5th, we were given the gift of JP Morgan's Blythe Masters giving a TV interview on CNBC where she was trying to claim that JP Morgan does not hold any position in the silver market, but rather, is hedging client long positions in silver.  

Blythe says, "We store significant amounts of commodities, for instance silver, on behalf of customers. We operate vaults in New York City, in Singapore and in London. Often when customers have that metal stored in our facilities they hedge it on a forward basis through JPMorgan, which in turn hedges in the commodities market," she said.

Will Silver and Platinum Outperform Gold in the Near Future? | The Daily Gold

Will Silver and Platinum Outperform Gold in the Near Future? | The Daily Gold

TheSilverPrice.info

Based on the April 20th, 2012 Premium Update. Visit our archives for more gold & silver analysis.

The New York Times reported on a growing phenomenon in Europe: “suicide by economic crisis.” Apparently people are taking their own lives in despair over unemployment and economic failure. Paul Krugman in his column in the New York Times wonders if it isn’t the case that European leaders are committing economic suicide for the Continent as a whole.

Just a few months ago I was feeling some hope about Europe. You may recall that late last fall Europe appeared to be on the verge of financial meltdown; but the European Central Bank, Europe’s counterpart to the Fed, came to the Continent’s rescue. It offered Europe’s banks open-ended credit lines as long as they put up the bonds of European governments as collateral; this directly supported the banks and indirectly supported the governments, and put an end to the panic.

Gold “Bargain of Lifetime” As Gold Standard Inevitable, Possibly Within Year - $10,000/oz Looms

GoldMarketNews.EU

Gold “Bargain of Lifetime” As Gold Standard Inevitable, Possibly Within Year - $10,000/oz Looms

Silver moves up on firm global trend - The Economic Times

Silver moves up on firm global trend - The Economic Times

TheSilverPrice.info

Silver Technical Precious Metals (2012-04-26) - International Business Times

Silver Technical Precious Metals (2012-04-26) - International Business Times

TheSilverPrice.info

Morning Report

Silver attempts to breach 61.8% Fibonacci correction at 30.40 as shown above, but the metal was unable to confirm the breach of this level and returned to settle now above this level, providing a candlestick formation that suggests another bullish attempt today. But at the same time, the metal is still below the previously breached support of the sideway range at 31.25 over intraday basis. Therefore, we remain neutral awaiting silver to exit this narrow range.

Is The Multi-Month Consolidation In Gold, Silver and The Miners Ending? (NYSEARCA:GLD, NYSEARCA:SLV, NYSEARCA:AGQ, NYSEARCA:SIL, NYSEARCA:GDX) | ETF DAILY NEWS

Is The Multi-Month Consolidation In Gold, Silver and The Miners Ending? (NYSEARCA:GLD, NYSEARCA:SLV, NYSEARCA:AGQ, NYSEARCA:SIL, NYSEARCA:GDX) | ETF DAILY NEWS

TheSilverPrice.info

Jeb Handwerger: We are encountering storms in the market rarely seen.  The volatility has affected many mining equities with many high quality assets selling at record low prices.  Portfolios have rarely seen such see saw price activity as they have this year.  Sacrosanct rules are simply not working. The markets are thwarting and aborting attempts to use time tested approaches.

The great Scottish Poet Robert Burns described the current market by writing, “the best made plans of mice and men go oft astray.”  He also observed “alas in this world there is more offal than poetry.”  But poetry hardly pays and compost does.

Sprott Inc. Chairman Eric Sprott Discusses Europe, Gold, Silver and the World Economy on Midas Letter Money — Midas Letter

Sprott Inc. Chairman Eric Sprott Discusses Europe, Gold, Silver and the World Economy on Midas Letter Money — Midas Letter

TheSilverPrice.info

Sprott Inc. (TSX:SII) Chairman Eric Sprott talks with James West, host of Midas Letter Money, about the European debt crisis, credit default swaps, and how its bullish for precious metals going forward.

Eric articulates succinctly the process whereby major institutions abuse the futures markets for profit, and how the regulatory process in the United States has failed to enforce an equitable and transparent marketplace.

The Silver Reverse Bubble of 2012 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

The Silver Reverse Bubble of 2012 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

TheSilverPrice.info

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

As you know by now, a “bubble” is when an asset reaches an unsustainably high level due to artificially stimulated demand. In 2004, I wrote that housing was entering a historic bubble because government policies such as excessively (artificially) cheap credit inflated the price of real estate to nose-bleed levels. The real estate mania was everywhere in 2004-2006 as buyers were going berserk.

Silver Technical Precious Metals (2012-04-25) - International Business Times

Silver Technical Precious Metals (2012-04-25) - International Business Times

Technical Precious Metals , Daily Reports - ecPulse.com

TheSilverPrice.info

Technical Precious Metals , Daily Reports - ecPulse.com

Commentary of the XAU/USD (Gold) pair: 

The pair XAU/USD made yesterday a pullback on the resistance at 1650 points.
The pair is still moving into a short term bearish channel (purple lines) and is now moving below the lower band of its long term bullish channel.
All indicators are bearish.
We continues to advise short positions as far as 1650 points is resistance.

Fate of Silver Lies in Investors’ Hands - International Business Times

@TheSilverPrice

Fate of Silver Lies in Investors’ Hands - International Business Times

Last Thursday the World Silver Survey 2012 was released. The latest edition of this annual publication, which was produced by Thomson Reuters GFMSon behalf of The Silver Institute, reveals the continuation of a trend whereby rising supply is outpacing fabrication demand. As this gap continues to widen, investors are inheriting a more critical role in the success of the silver market. 

Silver ETP Holdings Slump by Most in More Than Four Years - Bloomberg

TheSilverPrice

Silver ETP Holdings Slump by Most in More Than Four Years - Bloomberg

Silver holdings in exchange-traded products slumped by $626.9 million as prices traded near a three-month low and exchange stockpiles climbed, underscoring concern a global economic slowdown may curb demand.

Assets in ETPs lost 3.6 percent yesterday, the biggest one- day drop since January 2008. Silver dropped as much as 3.8 percent to $30.48 an ounce yesterday, the lowest price since Jan. 20, and traded at $30.9325 by 1:35 p.m. in London today.

Morning Silver Market Report - CME Group

Morning Silver Market Report - CME Group

The May silver contract has seen a bounce overnight and when one considers the magnitude of the slide in silver prices yesterday, some of the gains this morning might be technical short covering action. After a slightly negative reaction to a private home price survey early today, silver prices might catch a lift from a minimally positive new home sales result from the US

Trader bets on quick drop in silver ETF - Yahoo! Finance

Trader bets on quick drop in silver ETF - Yahoo! Finance

As the iShares Silver Trust tumbled yesterday, a very short-term put spread topped option activity in the exchange-traded fund. 

The SLV finished the day down 2.54 percent at $29.97, its lowest close since Jan. 19 as it recovered from a 52-week low under $26 reached at the end of 2011. The fund was above $36 at the end of March and has been falling since.

Expect Gold, Silver to trade lower today says, Angel - Moneycontrol.com -

Silver: Silver prices dropped sharply by 2.8 percent on the international markets on Monday taking cues from strength in the US dollar index along with downside in base metals pack. In addition to this, rise in risk aversion in the markets due to Euro Zone debt worries also exerted further downside pressure on prices. The white metal touched an intra-day low of $30.45/oz and ended its trading session at $ 30.76/oz yesterday. MCX Silver May contract decline around 1.6 percent and touched an intra-day low of Rs55,303/kg. However, depreciation in the Indian Rupee cushioned further fall on the MCX on Monday.

Expect Gold, Silver to trade lower today says, Angel - Moneycontrol.com -

Silver’s Three-Month Low: A Buy? - Focus on Funds - Barrons.com

The rush into the “safety” of the dollar took a bite out of silver today, driving futures to settle at a three-month low. Is it time to pick up some holdings in the iShares Silver Trust (SLV) or theETFS Silver Trust (SIVR)?

Take the longer view and the metal could still be attractive, per Morgan Stanley’s Hussein Allidina and Peter G. Richardson. They’re positive on silver amid negative real interest rates that just about everybody expects to persist for a prolonged period. Low rates should “underpin a solid core of investment demand” and have a “quarantining” effect on ETF holdings, they write in a note this week. The key risk they cite: The weak economy this year and possibly next could crimp silver’s price but not by enough to convince producers to scale back and avoid stockpiling the stuff.

Silver’s Three-Month Low: A Buy? - Focus on Funds - Barrons.com

Silver Prices Tank on EU Worries. Silver Stocks to Watch » Active Investor

EU political upheaval is not playing well in the both commodities and the broader market this morning. In the short-term, silver prices will mimic the broader market and the sell off this morning is marked. Gains in the dollar are shaking the commodity market as investors look to the the dual elections in Europe on May 6.

Silver Prices Tank on EU Worries. Silver Stocks to Watch » Active Investor

Surprise Second-Half Gold Rally, Says Guru Economist (NYSEARCA:GLD, NYSEARCA:SLV, NYSEARCA:IAU, NYSEARCA:PHYS, NYSEARCA:DZZ, NYSEARCA:GDX) | ETF DAILY NEWS

TheSilverPrice

Surprise Second-Half Gold Rally, Says Guru Economist (NYSEARCA:GLD, NYSEARCA:SLV, NYSEARCA:IAU, NYSEARCA:PHYS, NYSEARCA:DZZ, NYSEARCA:GDX) | ETF DAILY NEWS

Silver Seen Over $40/Oz. In 2012: Store Of Value Remains Undervalued - Seeking Alpha

Silver Seen Over $40/oz in 2012 - Store of Value Remains Undervalued

Thomson Reuters GFMS, in its annual review of the market published by the Silver Institute, have said that silver could push towards $40/oz in the second half of 2012.

GFMS said that it does not expect silver to approach $50/oz. In February, last year GFMS said the same thing - that silver would reach $40/oz and not $50/oz. Silver subsequently rose to over $49/oz in April 2011.

Silver Seen Over $40/Oz. In 2012: Store Of Value Remains Undervalued - Seeking Alpha

Gold And Silver Weekly Outlook For April 23-27 - Seeking Alpha

Last week's slow paced movement of bullion might change direction in the upcoming week as the FOMC meeting will be held on Wednesday and may sharply affect the direction of bullion. Here is a short overview and an outlook for the week of April 23rd to 27th; in this analysis I use fundamental analysis to examine how the upcoming events, decisions and financial reports may affect the direction of gold and consequently also SPDR Gold Trust (GLD).

Gold moderately declined during last week by 1.05%. Silver slightly rose on a weekly scale by 1.05%. Furthermore, during last week the GLD ETF also edged down by 0.82% and reached on April 20th 159.54.

Gold And Silver Weekly Outlook For April 23-27 - Seeking Alpha

Is Silver Positioning for Further Weakness? - Business Insider

Lower margin requirements for COMEX silver contracts went into effect this week, but the decrease hasn’t been the spark that the market needs. Silver appears in need of something much more solid and encouraging to improve market sentiment. And, there are some suggestions that the market may even be positioning for further weakness.

Read more: http://resourceinvestingnews.com/35101-is-silver-positioning-for-further-weakness.html#ixzz1sqYGuZFY

Is Silver Positioning for Further Weakness? - Business Insider

It’s Make Or Break With Support Divergences In Silver And Gold April 22

Let’s update a key situation we’re following in the commodity markets of Gold and Silver.

Both markets are showing similar “bullish divergences at support” which gives us a key level to watch for any reversal… or breakdown/failure… in the weeks ahead.

It’s Make Or Break With Support Divergences In Silver And Gold April 22

The Other Side Of The Gold And Silver Coin | ZeroHedge

We have long-discussed the currency debasement, fiat-fiasco thesis for owning hard assets and only last night noted the discussion between Biderman and Sprott on the practicalities of this plan. What we found interesting was this week we have seen a number of quite bearish articles on the precious metals - most notably Bloomberg's chart-of-the-day has had two notes citing inventory build for Silver's imminent demise and lagging futures open interest as a sign of investor's losing conviction in gold. Given that we are fair-and-balanced we thought it worth sharing these technical insights and perhaps reflecting on what Eric Sprott noted (and Dylan Grice has previously highlighted) as the only thing that could break his 'hard asset' thesis - that the political and banker elite "come to their financial senses".

4/18/12. Silver-Inventory Surge Means Decline In Prices

The Other Side Of The Gold And Silver Coin | ZeroHedge

Silver Seen Over $40/oz in 2012 – Store of Value Remains Undervalued | ZeroHedge

Gold rose $1.50 or 0.09% in New York and closed at $1,640.80/oz yesterday. Gold traded sideways in a narrow spread in Asia and continued this in European trading climbing up around 0.16%. 

Gold rose quickly from $1,631/oz to nearly $1,650/oz in minutes on volume with some chunky 3000 lot plus batches of orders going through on the COMEX pushing gold up. A determined seller again appeared and gains were capped at that level.

Gold is still firmly within a $27 trading range it has stuck to for most of the week. It is gold’s narrowest range since March last year according to Jan Harvey of Reuters. Once gold breaks out of this range it will likely see sharp follow through moves up or down.  

Gold should be supported by deepening concerns about continuing poor US economic data and the eurozone debt crisis – Spain’s 10 year rose above 6% again today. However, the lack of direction and price weakness has seen weak hands flushed out of the market and has made prospective traders and investors nervous regarding buying. 

Some astute store of wealth buyers continue to buy (gold and especially silver bullion) on the dip but physical demand remains subdued in western markets as both speculators and some investors seek clarity regarding price direction.

Silver Seen Over $40/oz in 2012 – Store of Value Remains Undervalued | ZeroHedge

Central Bank Gold Purchases to Remain High, Says Barclays - International Business Times

Central Bank Gold Purchases to Remain High, Says Barclays - International Business Times

There is unlikely to be a “slowing down” of gold buying by central banks as significant economic uncertainty remains for the foreseeable future – according to Jon Spall, director of precious metals sales at Barclays.

In an interview with the Wall Street Journal, Spall discussed his outlook for the gold market in light of the weakness it has experienced in recent months.  Highlights from the interview included:

Gold prices seem to have stabilized a bit this year after last year’s bull run. How do you see the metal performing this year?

Silver Enjoys Record 2011, Optimism For 2012 - International Business Times

Silver Enjoys Record 2011, Optimism For 2012 - International Business Times

April 19, 2012 9:02 AM EDT

Silver enjoyed a record 2011, as investors turned to physical bars and coins of the precious metal to piggyback on a strong year for gold, according to The Silver Institute's World Silver Survey 2012 released on Thursday.

Blanch Says U.S. Fiscal Woes Will Push Up Gold

Blanch Says U.S. Fiscal Woes Will Push Up Gold

APMEX Market Commentary 04-20-2012 | Gold & Silver Market Reports, News and Commentary

APMEX Market Commentary 04-20-2012 | Gold & Silver Market Reports, News and Commentary

Silver Technical Precious Metals (2012-04-20) - NASDAQ.com

Silver Technical Precious Metals (2012-04-20) - NASDAQ.com

Morning Report Silver continues to trade within the sideway range between the resistance of 33.15 and the support of 31.25 since the 14th of March. But, the thing that pulls our attention that the support level of the sideway range was able to stop all the bearish attempts.

Read more: http://community.nasdaq.com/News/2012-04/silver-technical-precious-metals-20120420.aspx?storyid=135194#ixzz1sZGkAC5Z

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