Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 23,409
- Reactions
- 13,898
Seems to have confirmed the breakout above 34 ish bucks.
ETPMAG been great since breaking up in Mar 24.
Silver price discussion and analysis
- Thread starter RALPH5
- Start date
Seems to have confirmed the breakout above 34 ish bucks.
ETPMAG been great since breaking up in Mar 24.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 23,409
- Reactions
- 13,898
Another significant break up. Hopefully not a short term jism.
www.kitco.com
Aaron Hill, Chief Analyst at FP Markets, said he expects silver prices to maintain their uptrend as supply struggles to keep pace with demand.
“The momentum is driven by a combination of robust industrial demand—particularly from green technologies like solar panels and electric vehicle production, which accounted for record-high silver consumption in 2024—and geopolitical uncertainties, including ongoing tensions in key mining regions like Russia and Mexico, which have tightened supply,” he said.
In June, when silver crossed $35 an ounce, commodity analysts at TD Securities said that $50 had become a viable target.
TDS analysts added that higher prices may be the only factor capable of meaningfully addressing the growing supply deficit.
“Our estimates of LBMA silver’s free float now stand at their lowest levels in recorded history,” they wrote in a Thursday note. “With only ~155 million ounces of silver freely available for purchase, the market structure is critically challenged. Silver’s illusion of liquidity tells us the market will only rebalance through some form of a squeeze on physical.”
Silver rallies above $38 in ‘incredible breakout’ to 13-year highs
The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
www.kitco.com
Aaron Hill, Chief Analyst at FP Markets, said he expects silver prices to maintain their uptrend as supply struggles to keep pace with demand.
“The momentum is driven by a combination of robust industrial demand—particularly from green technologies like solar panels and electric vehicle production, which accounted for record-high silver consumption in 2024—and geopolitical uncertainties, including ongoing tensions in key mining regions like Russia and Mexico, which have tightened supply,” he said.
In June, when silver crossed $35 an ounce, commodity analysts at TD Securities said that $50 had become a viable target.
TDS analysts added that higher prices may be the only factor capable of meaningfully addressing the growing supply deficit.
“Our estimates of LBMA silver’s free float now stand at their lowest levels in recorded history,” they wrote in a Thursday note. “With only ~155 million ounces of silver freely available for purchase, the market structure is critically challenged. Silver’s illusion of liquidity tells us the market will only rebalance through some form of a squeeze on physical.”
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 23,409
- Reactions
- 13,898
Looks like JPM has lost control of the POS.
Could be short squeeze also.
Silver stocks going nuts.
Could be short squeeze also.
Silver stocks going nuts.
Dona Ferentes
Did the Thessalonians write back?
- Joined
- 11 January 2016
- Posts
- 20,230
- Reactions
- 27,958
when should we get back to you?
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 23,409
- Reactions
- 13,898
The breakout point is 48 bucks so you have a few days.
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,551
- Reactions
- 4,748
I'm surprised by silver's strength. It hasn't even re-tested US$35 once since it broke through in early June. It been consolidating ever since, coiling for this move. I had hoped we'd see US$35 again but I don't believe for a second that the shorts are done with manipulating silver. They used to hammer the price down during Asian trading hours on a regular basis.
Silver will go for US$40, but I think it will stall there and we may see a decent pullback soon.
Silver will go for US$40, but I think it will stall there and we may see a decent pullback soon.
- Joined
- 19 October 2005
- Posts
- 6,289
- Reactions
- 9,659
Yawn - 22 years now
Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 15,067
- Reactions
- 13,521
I’m so pleased for the silver investors on ASF. It’s been a long wait but it looks like your time has come.
gg
gg
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 23,409
- Reactions
- 13,898
That's what I thought 20 years ago.
- Joined
- 3 May 2019
- Posts
- 6,849
- Reactions
- 11,102
Good to see silver holding up above $38 USD. Hi ho.
Hmm so I noticed it dropped the instant I commented in this thread again.
Way to stop the bull run Moxjo
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 23,409
- Reactions
- 13,898
The silver Jonah of ASF. Please place some disparaging down ramping comments in the thread to give silver a boost.
The silver Gods are mocking me. Im getting out of here before silver completely collapses.The silver Jonah of ASF. Please place some disparaging down ramping comments in the thread to give silver a boost.
- Joined
- 19 October 2005
- Posts
- 6,289
- Reactions
- 9,659
Silver is an embarrassment to the family of precious metals. I hope for a time when it is 100% substituted by more abundant metals and is dropped from the periodic table of elements as a disgrace.
- Joined
- 19 October 2005
- Posts
- 6,289
- Reactions
- 9,659
Felix Zulauf:
Yeah, that'd be right, "another few years .. cup and handle .. sit on it", just great.
2 minute vid
Yeah, that'd be right, "another few years .. cup and handle .. sit on it", just great.
2 minute vid
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 23,409
- Reactions
- 13,898
- Joined
- 3 May 2019
- Posts
- 6,849
- Reactions
- 11,102
A nice run up overnight forming a pennant and seemingly, a double top. Which way will it go? 
- Joined
- 3 May 2019
- Posts
- 6,849
- Reactions
- 11,102
- Joined
- 13 February 2006
- Posts
- 5,741
- Reactions
- 14,054
In May of 2025 alone, China added 93 gigawatts of solar capacity. This is completely unprecedented. That’s approximately 65 million ounces of silver required for China’s solar buildout in May of this year.
Electric vehicles, phones, and even weapon systems also require large amounts of silver. It’s the best conductor of electricity in the world. As the world continues to electrify, demand should continue to grow.
Silver demand from investors is still a relatively small piece of the overall picture. But it’s growing, especially in Asia. Silver fever hasn’t hit American investors yet, but it will eventually. Once silver regains its role as a personal monetary asset, I expect fireworks.
The metal remains $12.50 below its all-time high of around $50/oz. Compared to gold, it’s simply cheap here.
Slow burner, but it will get there.
Convert to gold at 40 or thereabouts.
jog on
duc
