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Silver Commentaries

Wisconsin House Votes Overwhelmingly to End Sales Tax on Silver

AB 29 would exempt “precious metals bullion,” defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.

What Will It Take for Metals to Break Higher?

February 20, 2024

Speculators have been building a heavy short position in recent months. They won’t go long and commit to a position there until silver breaks above $30...

The Short Position in SLV Drops 25 Percent

February 10, 2024

The new short report showed that the short position in SLV cratered by 25.13 percent...from 16.84 million shares sold short, down to 12.61 million shares. The short position in SLV is still too high, but is far less worrying than it was last year when it was sky high. The short position in GLD is of no concern.

Silver + Piñon Resin + Clay Fired Filtration. Navajo Nation Water Purification Project

February 05, 2024

Silver, when applied to clay, transforms into an incredibly effective water filtration system. We're infusing this precious metal into Navajo pottery, creating a filter yielding drinkable water for all.

A Big New Development

February 01, 2024

On the discovery of the sharp increase of 60% in the number of new long traders (29) and the total gross longs of 30 million oz. of silver over the past five reporting weeks: such an occurrence most likely involves collusion.

Mexico Could Run out of Silver by 2026, Worsening Supply Deficit

Mexico has regularly outputted 5,600 tons of white metal over the past 10 years, but has seen its reserves dwindle to just 37,000 tons. If mining continues at the current pace, Mexico’s silver reserves will be exhausted by the end of 2026...

Another 1.60 Million Oz. of Silver Withdrawn From SLV

January 06, 2024

But a net 20.4 million troy ounces of silver were added to all the world's known depositories, mutual funds and ETFs during the last four weeks.

Silver Shortage Confirmed: Mexico's Silver Supply Has Dropped off a Cliff

December 29, 2023

Consider that silver is currently at one of its most undervalued levels in history, especially compared to gold, as the gold-to-silver ratio currently stands at 85.

No Let Up

December 29, 2023

Silver faces two strongly opposing price forces, neither of which shows signs of letting up. But the forces of price suppression, even though led by those at the pinnacle of power, have been so successful in suppressing silver prices that this success is now in place to work against them.

2023: The Dawn of the Silver Boom

Historically, silver tends to do well in the later stage of a gold rally and usually hits a new high. That means silver will likely test the 50-dollar mark and is likely to exceed it.

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