Here are four charts that breakdown the Silver COT. Data is a week old so keep that in mind. First, here is the general COT. The black is the net speculative position (long) as a percentage of open interest. It has declined materially over the past few weeks. Next is open interest. Interestingly, unlike Gold […]
A look at Silver and its 3-year rolling performance through history…
Silver has been in a bear market for almost three years and the recent lack of strength suggests the metal could be headed for new lows. New lows are always bearish until the last one. Our technical work suggests that we should watch for a final low and end to the bear market in the […]
Throughout 2013 we posted the gold stocks bear market analogs. Now its time for the silver bear market analogs. Silver has had a very weak bounce in recent months and is threatening new lows. This suggests the bear is not quite over yet. However, this chart argues (because of the extended nature of this bear […]
Here are two charts of our silver producer index, which contains 14 silver stocks and is partially weighted. The index includes household names such as Silver Wheaton, Pan American, Hecla, Couer D’Alene as well as various junior producers. The first chart dates back more than 13 years. The blue line is the 80-week moving average. […]
The TDG Silver Producer index recently hit multi-month resistance and has since declined. Weekly 1-year chart: Chart going back to the 2011 peak: Analysis of these charts is available for premium subscribers in regular premium updates. Consider a premium subscription.
This post includes charts of our silver producers index which contains 14 silver producers and is partially weighted by market cap. A few weeks ago, volume (smoothed) hit a 5-year low as the index was trying to make a new low. Note how the index was supported by a 13-year trendline. A closer look […]
For awhile now, I have maintained that Gold and Silver could make a lower low and create a fabulous buying opportunity (and possibly a final low)….
TDG Silver Producers index contains 13 silver producing companies. The index is partially weighted towards market cap. Click the image to enlarge.
Andrew Chanin, co-founder & COO of Pure Funds, discusses their ETF which invests in junior silver companies. The interview was recorded last weekend.