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jack collins's avatar

A lot of good diligent work Jesse.

I am not a follower of charts due to bank silver manipulation. I look forward to more physical silver drained from the LBMA and others to expose this ETF scam.

When this happens, soon I hope, I wouldn' want to be a ETF silver holder in the game of musical chairs. A ratio of over 300 Etf's to every chair is not very good odds of actually getting silver.

I wish you well.

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Jesse Colombo's avatar

Thank you. I know that a lot of people in the precious metals community say that charts/technical analysis doesn't work on gold and silver, but I don't agree with that and I've repeatedly proved that it does.

For example, I called gold's $1000 surge over the past year just hours before it started:

https://x.com/TheBubbleBubble/status/1763559738527096989

I re-iterated my call in September:

https://x.com/TheBubbleBubble/status/1836210871795593307

And I did it again in December:

https://thebubblebubble.substack.com/p/is-gold-following-its-2007-2008-bullish

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David Macrory's avatar

Your thorough analysis helps to make the case for silver one of the most valuable investment opportinties of the 21st century. Thank-you, Jesse.

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Jesse Colombo's avatar

Thanks, David! More to come.

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Tom Wilson's avatar

Of course I’m all aboard silver rising. How many years and decades did Ted Butler predict it’s rise. Unfortunately, it never happened before he passed.

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Jesse Colombo's avatar

The past few decades were still normal times, which is why most capital flowed into risk assets like tech stocks and crypto. I wouldn't expect crisis hedges like gold and silver to thrive in times like that.

But I believe those normal times are coming to an end, which is when gold and silver will thrive.

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Stu Brown's avatar

Excellent Silver update. Facts not fiction is the route to take IMO.

Clearly if not long you are wrong. We're on the cusp of a historic rally phase.

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Jesse Colombo's avatar

Thanks, Stu! Well, it's not likely that I'll be wrong because I showed the specific trigger necessary to know if this bull market is truly kicking off (a solid close above the resistance zones overhead).

And I also said that silver needs to remain above those zones in order to know that the breakout is still intact, otherwise all bets are off.

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Rico5's avatar

Very solid analysis. You mentioned potential for a paper collapse. I own physical silver,but also have some options on SLV. Is it possible on a big short squeeze that they could do a force majeure on SLV and make it worthless. If so what other leveraged products could be utilized for a big move in silver

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Jesse Colombo's avatar

I'm not a lawyer, so I can't advise on the legal aspects of it, but that is always the risk with products like that. If you don't hold it, you don't own it.

Products like SLV may work for trading in ordinary times, but there's a good chance they'll fail in the coming global financial reset and silver squeeze.

Personally speaking, I'd rather not take my chances, so I stick with bullion and quality miners.

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DefCon-Dan's avatar

Thanks for this great report that summarizes and confirms what I've read in many other places too.

Regarding Mr. Slammy, that seems to be an opportunity that could be taken advantage of by buying silver right after the slam, and selling after it recovers every trading day. I'm betting that's already being done by some traders.

Of course, that tactic would stop working when silver finally breaks out or if it gets squeezed.

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Cygnus X-1's avatar

Well done!

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Jesse Colombo's avatar

Thanks!

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Zoltán's avatar

Hey Jesse and subscribers! Any tips how to benefit from the upcoming PM bull market with stocks and ETFs? Do you rather recommend individual miner stocks or managed funds like GDX?

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Jesse Colombo's avatar

I'm somewhat limited in what I can say about that because I'm not a financial advisor and I'm not allowed by law in the U.S. to give financial advice.

In terms of my personal investments and outlook, I love gold and silver miners, particularly high quality juniors. I'm not interested in majors because they're huge companies and don't have the upside that juniors have, though I still see them thriving in the years ahead.

I'm planning to write a report on miners soon, so stay tuned.

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Rebecca's avatar

Definitely etf. Silj gdx gdxj

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Jesse Colombo's avatar

Those are definitely the most straightforward way to gain exposure to the mining sector without having to engage in stock-picking.

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Kumar Sellamuthu's avatar

Great write up, backed with solid data, thanks for sharing, hope this year we get to realize great returns from Silver .

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JJJ's avatar

Just don't bet the farm on it

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Jesse Colombo's avatar

I just continue stacking and not worrying so much about the fluctuations, but it's important to avoid leverage if you want to sleep at night.

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Jesse Colombo's avatar

Thanks, Kumar! Yes, I am feeling optimistic.

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JJJ's avatar

Think I should have had my head examined acquiring this stagnant ("store of value) pile of crap 17 years ago. Watched this Bix Character too too long who gets part of his secrets (of the perpetual NON BREAKOUT) from Wizard of Oz songs and symbols thus I obviously I have been breathing to much carbon monoxide along with nutrient deficit diet. Good grief what the very poorly invested money could have done in real estate makes me want to regurgitate in turbo fashion. Taking a portion of these idle paperweights and turning them into gold bullion. I think the only time your going to see deviation from these never ending perpetual non "Breakout" is before very sever economic catastrophe

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Jesse Colombo's avatar

I know there's a lot of negativity out there from people who invested at that time, but I believe the situation is about to change.

The past twenty decades were still normal times, which is why most capital flowed into risk assets like tech stocks and crypto. I wouldn't expect crisis hedges like gold and silver to thrive in times like that.

But I believe those normal times are coming to an end, which is when gold and silver will thrive.

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JJJ's avatar

Perhaps your correct

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Jesse Colombo's avatar

I don't want to be right about bad things, of course! ;)

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Aswin Devesan's avatar

Amazing analysis Jesse! I have a doubt from a point in the article. If a silver ETF (paper silver) example SLV or AGQ (leveraged) is linked to the price of physical silver, how will its price collapse in the event of a melt up of silver prices and as banks scramble for short coverings? Shouldn't their price go up as banks hunt for these instruments?

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Daryl Kramer's avatar

so do we invest in junior gold and silver miners (ETF)

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pepa65's avatar

Excellent. Now in the past I've bought physical silver, but that gets very impractical for higher investments. What should I buy if I want to safely profit from a rise in silver price?

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Bernd's avatar

One question concerning the "Net swap dealer position" Chart:

If you look at the period from approx. Oct 2024 to Dec. 2024, the short positions were drastically reduced, i.e. a lot of contracts bought back, but at the same time the silver price dropped from $33 to S29.

How do you explain that?

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StockTok 📈's avatar

Agree. Great article. I like your breakout style. Followed.

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Stephen's avatar

Bob Moriarty picked this up towards the top of his page: http://www.321gold.com/

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