Silver
December 3, 2025: Silver is Gold on steroids...and costs 12.5% more in China!
"This is the price evolution of FIAT PAPER SILVER! - Physical Silver sells at a 40% premium!
The physical price of silver is the REAL PRICE of silver."
The silver market is tiny. About 700 million oz. of silver is mined each year worldwide, about 200 million oz. is recycled, and about 100 million oz. is from "other" sources, like governments. That's the supply side. At $20/oz., this is a $20 billion annual market.
There is a shortage of 250,000,000 ounces of Silver!
Silver BREAKS OUT of a HUGE, MATURE CUP & HANDLE formation with a calculated target of $248!
Important: this is the price evolution of FIAT-PAPER-SILVER and NOT of PHYSICAL SILVER!
 Silver-Gold ratio long-termClick here for HISTORIC SILVER. |
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SLV ETF strip story: BREAKOUT [SLV is an ETF & should not be bought as an investment !] -
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| Dec 3: fresh breakout. | Dec 3: fresh bull run. | Dec 3: Buy | Target is $?? + Bull run. | Aug 28, 2017: PF Targets |
| SLV is a Ponzi scheme and a form of theft, as it has a structural shortage of physical silver. | ||||
Breakout of halfway bottom consolidation - the medium-term target is $48, and the long-term target is $ 145!
This action explains the HUGE FLAG formation: "The Chinese are divesting out of paper right now. We have observed a significant increase in both euro-denominated and dollar-denominated physical silver purchases. When Silver took out $33, many physical orders were filled. The Chinese are doing the same thing in the silver market as in the gold market, with massive accumulation on dips. It is also important to note that the local silver traders are short and nervous. Everyone is short silver, so the market can move violently higher when it turns. When silver reverses, it will be the one that leads the market higher."
| $-SILVER | |||
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Bullish objective | $72 - $82 |  |
| Resistance | $ 54.00 | ||
| Major Support | $ 48.00 | ||
| Bearish Objective | $ 42.00 | ||
| Silver - with PF Targets | Technical Pattern | Fresh bull run. | The price of physical silver. |
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| Short-candle | Chart comment |
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| Long-term candle | |
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| The Bearish Triangle is now a Bullish Flag. The formation at this time will propel Silver to about $88. That is after the $48 has been broken to the upside and tested. |
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| Strong BUY | Mind the low, explosive BB |
Strong BUY (month LT) |
| Click to enlarge. The first chart was published in 2017. All charts are very bullish. |
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Silver expressed in Euros.
| €-Silver | ||
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Bullish objective | € 58.00 - € 68.00 |
| Resistance | € na | |
| Support | € 38.00 |
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| Bearish objective | € 32.00 | |
| Technical pattern | It's a new bull run. |
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| Bull Run! | ||
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| Short-term candle |
Chart comment | ||
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| Long-term candle |
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Silver expressed in Swiss Francs.
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Bullish Objective | FS 58 - FS 72 |
| Resistance | FS na | |
| Support | FS 36 | |
| Bearish Objective | FS 32 | |
| Technical pattern | Beginning of a new bull trend |
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| Bull Run! | ||
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| Short-term candle | Chart comment | |
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| Long-term candle | ||
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Only retarded investors don't get this! Investing is "NO CASINO"; this information is still valid, even in 2024.
| € Silver month | CHF Silver month |
| The price goes up when time is up: Time is UP (Nov 2017 - Feb 2019) | |
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| Strong Buy. | Strong Buy. |
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| Strong Buy. | Strong Buy. |
A perfect technical picture we had. See the 2004 breakout out of a vast bullish triangle. In the 20 years (1985/2004), the resistance line has become colossal support. The first bull run ended in 2008, when Lehman Brothers collapsed, and we experienced substantial deleveraging. [Whether Lehman is to be blamed or not is another chapter.]
During the deleveraging action, the BREAKOUT level was positively tested (indicating we now have a confirmed BULL TREND). After the test, silver geysers again reached the top of their long-term trend channel. Silver goes parabolic, or it consolidates sideways (I think the latter will happen).
For this reason, I expect Gold to outperform Silver this year. Silver is the poor man's gold. Silver will be strong if people are insecure, and we continue to rely on this Fiat paper money. We are experiencing a paradigm shift: what we are living through today is not the ordinary recession we have seen in previous cycles. By now, this should have become clear to most. The crisis calls for extraordinary measures and exceptional protection.
Silver is one way to ensure your savings. It is a REAL ASSET, REAL MONEY. (The alternative is to buy Government bonds that yield nothing, keep your money in Bank accounts that yield nothing, or stack it under your mattress where it will be inflated away). At this time, Silver sits in a congestion zone....the bigger the zone, the larger the subsequent run.
Updated March 15, 2010
$-Silver objective for Wave II is $ 42,50 - €-Silver objective for Wave II is € 35: Silver has finished the 1st Wave cycle 1,2,3,4,5, and the subsequent ABC correction. Logically, it will reverse and start its Wave II cycle in the wake of the Gold Price. The objective is $ 42,50, or 5 times the low.
- April story: Silver and Gold usually put in a bottom in March and a top in April. On March 18th, we had a bottom for Gold. If one misses the March bottom, one usually has to wait until summer to see a fresh buying opportunity.
- Silver moving averages have now also confirmed their Golden Cross.
- Gold and Silver mines are strong, indicating higher prices for Gold and Silver are on the way. Several Gold and Silver stocks have broken above their 200-day moving average.
Updated December 20, 2008
Meanwhile, the “paper” silver price was recently nominally taken down from just above $20/oz. At around $13/oz, it is increasingly hard to find physical Silver at any price. And if one can find it, one has to pay as much as $4 or so over the spot, i.e., around $17/oz, on average. Such is the ludicrous result of living in an Interventional Universe.
Manipulation?... At the very least, one can say that this is a peculiar occurrence.
Last week, widely regarded silver analyst Ted Butler reported on recent developments during the July 1 1-August 5, 2008, period in the precious metals complex [specifically, open interest data in COMEX futures].
Butler’s work shows that as of July 1, 2008, two U.S. banks were short 6,199 contracts of COMEX silver (30,995,000 ounces). As of August 5, 2008, two U.S. banks were short 33,805 contracts of COMEX silver (169,025,000 ounces), an increase of more than fivefold. This is the most significant position by U.S. banks I have ever found in the data. Between July 14 and August 15, the price of COMEX silver declined from a peak high of $19.55 (basis September) to a low of $12.22 for a decline of 38%.
For gold, three U.S. banks held a short position of 7,787 contracts (778,700 ounces) in July and 86,398 contracts (8,639,800 ounces) in August, an eleven-fold increase that coincided with a decline in the gold price of more than $150 per ounce. As with silver, this represents the most significant short position ever held by US banks, as listed on the CFTC’s site. Click here for more.
Updated November 20, 2008 - Time to buy silver!
€ Silver bar monthly & daily charts-Will the Central banks really convince the Herd that it is better to keep Paper Fiat Money and Government bonds instead of Real Money? Do the markets erroneously think we are going for a cycle of DEFLATION? Or is this a bear trap and an abnormal shakeout of the Bulls? Again, based on the fundamentals, I cannot imagine we have entered a Bear Market cycle. The daily bar chart shows a nice reversal. Time to buy!
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