Thanks for the update. What a fun day. Between mining equities, shipping equities (the only equities I hold besides miners) and the silver breakout, I was about 15k to the good today. Of course, my wife (who has zero interest in metals or mining) had to burst the bubble with her “are those paper gains” comment.
If it wasn’t for 44 years of marriage I might have asked for a few days apart. Haha.
I am wondering what levels you are looking at on SILJ for confirmation.
Congrats! Yes, I'm really happy to see silver finally waking up after stagnating for so long.
Haha - she'll be a believer soon.
I want to see SILJ break out of that triangle first (resistance ~$17) and then close above the $19 to $22 resistance zone to head into blue-sky territory.
It's tough to read that much into these day-to-day fluctuations. A lot of it is random noise, but also driven by exchange for physical (EFP) activity in response to rising or falling precious metals import tariff risks.
Fantastic breakdown—especially appreciated the cross-market analysis using euro-denominated silver and the Synthetic Silver Price Index. Given how pivotal the $35 breakout is technically, how are you thinking about risk management if silver retests that level? Would you view a pullback to $34–$35 as a healthy retest or a red flag in the current setup?
This is an amazing post. Thank you for this detailed information regarding Silver. I have just started to look into investing in the commodity space and this has been really informative for me.
Hi Roger, sorry for the delay. I looked you up in the system and it still shows you as an active paid subscriber, just that you have emails disabled, so you aren't receiving the updates via email but can still access them via my homepage:
Thank you so much for a very well informed update on Silver. I have read that a confirmed breakout in silver would also be bullish for gold? It is all getting very exciting! Very best wishes, RichardBear
My pleasure! Yes, I can see that as being bullish for gold because it would generate even more excitement and attention to precious metals, leading more capital being allocated to them via futures, ETFs, bullion, miners, etc.
Yes, the breakout was inevitable. The silver price was constantly inching toward the $31-32 zone. Silver was (still is, more than before) in an uptrend. Glad I loaded up on it two years ago.
Do you subscribe to the view that the Silver Gold ratio will return to historical averages or are we in a different environment in that Silver is more industrial than monetary?
Thanks for the update. What a fun day. Between mining equities, shipping equities (the only equities I hold besides miners) and the silver breakout, I was about 15k to the good today. Of course, my wife (who has zero interest in metals or mining) had to burst the bubble with her “are those paper gains” comment.
If it wasn’t for 44 years of marriage I might have asked for a few days apart. Haha.
I am wondering what levels you are looking at on SILJ for confirmation.
Congrats! Yes, I'm really happy to see silver finally waking up after stagnating for so long.
Haha - she'll be a believer soon.
I want to see SILJ break out of that triangle first (resistance ~$17) and then close above the $19 to $22 resistance zone to head into blue-sky territory.
Watch also the other white metal, platinum, Jesse.
It is breaking-out on high lease rates in London (bar shortage), price backwardation, and record COMEX trading volume.
https://jensendavid.substack.com/p/platinum-commands-our-attention-as
All below the radar.
Agreed - I'm going to be writing about it momentarily.
Look forward to seeing it. Cheers.
Thanks!
I have noticed that the spread on kitco spot is now 3$ and was 4$ friday when it was smacked 43$..
also silver spread is 12cents and was 19c friday...
what does this mean....?
It's tough to read that much into these day-to-day fluctuations. A lot of it is random noise, but also driven by exchange for physical (EFP) activity in response to rising or falling precious metals import tariff risks.
ok, but margins must also be rising, as it looks like they are losing control of silver..
Fantastic breakdown—especially appreciated the cross-market analysis using euro-denominated silver and the Synthetic Silver Price Index. Given how pivotal the $35 breakout is technically, how are you thinking about risk management if silver retests that level? Would you view a pullback to $34–$35 as a healthy retest or a red flag in the current setup?
Thanks! A re-test like that would not be ideal, but not necessarily the end of the world—especially if it occurs on light volume.
For further insight and confirmation, I would be watching how silver priced in euros and the SSPI acts if that were to occur.
What a good day..again this week has been..stellar...
Silver miners have come home to roost...First majestic up 15 % + yesterday
AG is back up to 36.17 ..1 hour before us open...))
Cheers stackers
Yes, I love to see it!
Great article! Northstar Badcharts thinks that a breakdown in equities is required for capital to rotate into commodities, etc. Exciting times!
Thank you! I would argue that rotation is already underway:
https://thebubblebubble.substack.com/p/why-capital-is-now-moving-from-stocks
This is an amazing post. Thank you for this detailed information regarding Silver. I have just started to look into investing in the commodity space and this has been really informative for me.
Thank you! I'm glad you found it informative. Much more to come :)
to jesse from roger on friday the 6th
hi jess,
my paid sub was dropped on may 15. i have written you several times.
please put me back on the paid sub list. yap1993@aol.com.
thank you, roger mason
Hi Roger, sorry for the delay. I looked you up in the system and it still shows you as an active paid subscriber, just that you have emails disabled, so you aren't receiving the updates via email but can still access them via my homepage:
https://thebubblebubble.substack.com
I didn't disable your emails and I have no control over that, unfortunately.
Do you recall disabling emails?
I look forward for when you can call silver as a “full scale breakout.”
It already feels like the silver price has entered a breakout to me. 👍
Yes, me too. It’s a great start, but I want to see the other conditions met to be fully certain.
Excellent as usual.
You may want to do a piece on GSR as fallen from 107 on 22 April 2025 to today at 92.85.
Also note, Platinum on the move up 30% since 7th April.
Lowercosta.com
Thank you. Yes, I'm hoping and planning to write about the GSR and platinum very soon.
Thank you so much for a very well informed update on Silver. I have read that a confirmed breakout in silver would also be bullish for gold? It is all getting very exciting! Very best wishes, RichardBear
My pleasure! Yes, I can see that as being bullish for gold because it would generate even more excitement and attention to precious metals, leading more capital being allocated to them via futures, ETFs, bullion, miners, etc.
Appreciate the insights, linking as usual tomorrow @https://nothingnewunderthesun2016.com/
Thanks :)
Yes, the breakout was inevitable. The silver price was constantly inching toward the $31-32 zone. Silver was (still is, more than before) in an uptrend. Glad I loaded up on it two years ago.
Do you subscribe to the view that the Silver Gold ratio will return to historical averages or are we in a different environment in that Silver is more industrial than monetary?
david morgan has been around for a long time and has always
promoted silver heavily. he just put out a 21 minute video that
is the very best he has ever done. please take the time to watch
this. you'll learn things you didn't know.
https://www.youtube.com/watch?v=Cl-2DIPmC6Y
Nice 💯👍🏻
Superb analysis. Your updates are spot on. I like the research that you do. Have recommended your substack to many of my friends in the network