Homepage | Silverseek

Time 2021-04-19 16:25:52

Web Name: Homepage | Silverseek

WebSite: http://www.silverseek.com

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Live Silver Price Bid|Ask 26.10 26.10 Low|High 25.70 26.11 Change 0.14 0.54% Apr 19, 2021 04:11:11 EST 1 mo +0.0631 +0.24% 1 yr +10.9691 +72.51% Low|High 14.53 30.06 Gold Silver Ratio Bid|Ask 68.44 68.46 Low|High 68.13 69.04 Change -0.14 -0.2% Apr 19, 2021 04:11:12 EST 1 mo +1.8138 +2.72% 1 yr -41.516 -37.76% Low|High 62.14 115.90 Live Gold Price Bid|Ask 1,786.58 1,786.71 Low|High 1,773.00 1,787.29 Change 11.07 0.62% Apr 19, 2021 04:11:12 EST 1 mo +51.41 +2.96% 1 yr +108.38 +6.46% Low|High 1,659.66 2,074.92 Live Palladium Price Bid|Ask 2,812.90 2,826.50 Low|High 2,750.29 2,812.90 Change 32.40 1.17% Apr 19, 2021 04:10:03 EST 1 mo +145.81 +5.47% 1 yr +706.6 +33.55% Low|High 1,750.98 2,782.44 Live Platinum Price Bid|Ask 1,218.45 1,221.46 Low|High 1,200.30 1,219.74 Change 18.45 1.54% Apr 19, 2021 04:11:06 EST 1 mo +15.36 +1.28% 1 yr +447.9 +58.13% Low|High 707.08 1,337.49 Suddenly, out of nowhere BankAmerica has emerged as a major participant in precious metals OTC derivatives. This new fact is contained in the latest release of the Treasury Department’s Office of the Comptroller of the Currency (OCC) Quarterly Derivatives Report for U.S. banks. To tell you the truth, I m not sure what to make of it -- and there s no way I m going to speculate on one week s worth of COT data, as the structure in the COMEX futures market is still extremely bullish, regardless of the increases in the commercial net short positions in both gold and silver. But I certainly don t like the trend. We all know silver is a small market and therefore volatile. We also know it outperforms gold. And if you’ve participated in one of its spikes, you know the gains can be both quick and breathtaking. Anyone dissenting from the possibility of a short squeeze in silver may not be familiar with Ted Butler’s explanation of the concentrated short position in silver on the COMEX.  For him, the operative word is concentration. Silver is a superior conductor of electricity. It is critical in all stages of electrification infrastructure – from... Of course in recent months the U.S. Mint also has reduced or suspended production of U.S. gold and silver coins, again blaming the virus epidemic. Company news started to pick up once again after two quiet weeks. Earnings season is about a month away, so company news could turn down again before picking up. Companies started to report Q1 production results in what was otherwise a quiet week. Gold and silver prices saw nice rebounds, but it is unlikely we have resumed the uptrend. Management withheld metal from sale during the price correction over last two weeks of March and plans to sell the withheld metal inventory in anticipation of a precious metal prices rebound in Q2, 2021. Considerable Extension Potential Northeast of the Known Mineralized Zone Highlight results: 36m @ 399 g/t AgEq (incl. 5m @ 1,645 g/t AgEq), 45m @ 172 g/t AgEq The silver miners’ stocks have mostly consolidated high over the past half-year or so, mirroring resilient price action in the metal they produce.  But this relative strength has been overshadowed by the extended correction in gold, which forced gold stocks lower. Since 2003, SilverSeek.com has served millions of readers with the latest silver news and information. SilverSeek.com continues to lead and connect the silver investor community with up-to-date information on the silver markets providing visitors with live silver prices, covering and analyzing the silver mining and exploration companies, discussing silver as money and related topics. SilverSeek.com, Silver Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, Silver Seek LLC, is strictly prohibited. In no event shall SilverSeek.com, Silver Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein. Full disclaimer and disclosure on conflict of interests © 2003 – 2020 SilverSeek.com, Silver Seek LLC

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