41 Metric Tons of Silver Withdrawn From The Shanghai Futures Exchange

Shangahai Futures Exchange Silver Inventories April 18 2014In the past week, the Shanghai Futures Exchange suffered another large withdrawal of silver from its warehouse stocks. 
The Shanghai Futures Exchange has had another 41 metric tons (1.3 million oz) of silver withdrawn since April 10th. 
Silver inventories have declined to their lowest levels since the exchange started building its silver stocks in August, 2012. [Read more...]

The Dark Side Of The Silver Mining Industry

silver miningThere is an insidious Dark Side to the silver mining industry that goes unnoticed by the majority of investors and analysts.  Actually, I haven’t come across one miniyng analyst who puts out comprehensive data on this very subject for the silver mining industry.
According to my figures for 2013, the top primary silver miners suffered the lowest average silver yield ever.  That’s correct… another year of declining ore grades and yields.
For those analysts who believe the price of silver is heading lower in the future… the falling yields and increased costs will prove otherwise. [Read more...]

Top Silver Supply Figures & Forecasts Are Incorrect

SRS8Due to the tens of $trillions of liquidity the Fed and Central Banks threw into the financial markets, the 2009 Global Depression was averted.  This allowed BAU- Business As Usual to continue in the world and mining sector.
If the financial system collapsed along with the broader markets,  global silver production would have fallen considerably in the years following 2009Furthermore, easy money and low-interest rates allowed the world to extract and consume expensive low EROI oil that it really could not afford.
The end of this decade will be nothing like the beginning.
  The Financial Industry will come under the weight of peak oil.  Paper assets will lose value and investors will be forced to move into physical assets to protect their wealth.
Gold and Silver will offer a WAY OUT to the PAPER PONZI SCHEME.  Unfortunately, only a few will see the light before it’s too late.

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Large Decline Of Shanghai & Comex Silver Stocks

Comex silver Total Stocks March 10 2014Something interesting took place at the Comex and Shanghai silver warehouses over the past month.
Silver stocks at both these warehouses peaked at about the same time, March 10th.
However, for the past month, a substantial amount of silver has been removed from both warehouses. [Read more...]

Official Sources Grossly Underestimated Silver Buying in 2013!

Indian Silver Imports 2007 to 2013 ActualIt looks like the official sources grossly underestimated the amount of Indian silver buying in 2013.  When the Indian Government put restrictions on gold imports in 2013, their citizens switched to buying silver.
Thomson Reuters GFMS estimated that total Indian silver imports would be 5,200-5,400 metric tons in 2013.  However, Koos Jansen at InGoldWeTrust, recently published an article stated that the Indians actually imported 6,125 metric tons of silver in 2013.
If we had record silver imports by the Indians in 2013 and continued purchasing of every Silver Eagle allotted by the U.S. Mint… what happens to physical silver buying when things really get BAD IN THE FINANCIAL SYSTEM & ECONOMY??

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Silver Eagle Sales Steal The Show While Top Silver Miners Lose Money

U.S. Mint Silver  Gold Eagle Ratio updateIn an interesting irony, investors are purchasing record amounts Silver Eagles while the top primary silver miners continue to lose money.  Not only did investors purchase the most Silver Eagles in the month of February compared to previous years, the silver/gold ratio is off the charts.
This year, investors have purchased 3,750,000 Silver Eagles compared to 31,000 oz of Gold Eagles.
This is a staggering 121 to 1 ratio, shown in the chart below: [Read more...]

India Imported 6125 Tonnes Of Silver In 2013, Up a Mind-Blowing 6560% YOY!

 silverIndian premiums on gold, currently 15 % above international prices, pushed massive amounts of Indian savers into silver in 2013. Indian silver imports in 2013 were 6125 tons, an all-time record, up 189 % from 2115 tons in 2012.
In December, silver imports accounted for 825 tons, up 108 % month over month, and up an astonishing 6560 % year over year! [Read more...]

Silver Will Be The King Precious Metal Performer

While gold is the king monetary metal, silver will turn out to be the king precious metal performer.  Currently, gold is stealing the show as the East (China) continues to consume more than total world gold production.
However, silver will surprise the markets in the future as overwhelming demand will outstrip supply in a big way.
The key factor that will drive up the price (value) of silver much higher than gold in percentage terms, will be its affordability.  As the price of gold heads back above $1,500 and silver to $30, an individual can buy a heck of a lot more silver than gold.
As the public and market are lulled back to sleep (presently) on the value of silver, there will come a time in the future when it will be impossible to acquire a single ounceonly at much higher prices.
Silver Will Be The King Precious Metal Performer.

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U.S. MINT UPDATE: Silver Eagles Nearly Sell Out In Two Days

gold & silver sold outThe U.S. Mint updated its sales figures today… and it was another whopper.
Yesterday, the U.S. Mint sold 825,500 Silver Eagles which was about two-thirds of the weekly allocation.
The total Silver Eagle for February is now 3,671,500.
Not only has this been another excellent month (so far) for Silver Eagle sales, it is an all-time record for February! [Read more...]

Market Continues To Purchase “All” Allocated Silver Eagles From U.S. Mint

U.S. Mint Silver Gold RatioAs sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint.  Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
 in the past several weeks, 80-90% of the total allocated weekly Silver Eagle amount was sold on the first day of the week!
The U.S. Mint just updated its sales figures Monday, with an astonishing 744,500 Silver Eagles sold in one day: [Read more...]

U.S. Mint Nearly Sells Out Of Its Weekly Silver Eagle Allocation In Two Days!

After a slower than average sales month in January due to the US Mint’s shutdown, Silver Eagle sales have picked up significantly in February.  In the first eleven days of the month, the U.S. Mint has sold nearly 1.7 million Silver Eagles.
On Tuesday, US Mint official Michael White confirmed that demand for Silver Eagles remains so strong that the Mint nearly entirely sold out of its weekly 900,000 sales allocation of ASEs in the first 48 hours of the week. [Read more...]

2014 Silver Eagle Sales Limited By Rationed Blank Supply

gold & silver sold outThis year’s 2014 American Silver Eagles debuted on Jan. 13, or about a month after the 2013 American Silver Eagles sold out on Dec. 10. United States Mint distributors could not order as many as they wanted, as sales were rationed. The U.S. Mint allocated how many it sold during the first week to fewer than 3.6 million, and then reduced the amount to less than 600,000 for the second week so it could “begin the process of slowly building weekly inventories.” The final week of Silver Eagle sales reached 741,000.
…..The United States Mint now has the capability to fulfill demand, but the limited supply of silver blanks has kept allocation alive. [Read more...]

Silver Update: Eagle Rationing

RationingBrotherJohnF returns with a public silver update discussing the US Mint’s authorized dealer rationing of Silver Eagles to begin 2014.
Is the rationing a sign of a silver shortage, or is the US Mint simply incompetent?
BrotherJohnF’s Silver Update: Eagle Rationing is below: [Read more...]

Silver Coin Premiums Set To Climb On Reduced Supply

gold & silver sold outIncreasing demand for U.S. silver coins is set to send premiums to the highest since October according to Bloomberg.
The premium charged by wholesale dealers for American Eagle coins from the U.S. Mint may rise from 14%. The mint has said that weekly allocations will be reduced despite very strong demand so far this month.
Yesterday, the U.S. Mint said 89% of this week’s quota of 3.58 million silver eagles were sold following sales that were stopped on December 9th because of a lack of supply. [Read more...]

Perth Mint: Gold Coin And Bar Shortages Likely To Lead To Rationing

gold & silver sold outThe extraordinary demand for precious metals coins following the 2008 global financial crisis caught the minting industry by surprise, resulting in never before seen coin rationing and shortages.
It seems not much has changed, with recent reports that the UK Royal Mint ran out of 2014 Sovereign gold coins due to “exceptional demand”, as well as the continuation for over one year of an allocation program first put into place early 2013 by the US Mint on its ever popular silver Eagle bullion coins.
While these recent events have been limited to specific coins, with availability of other leading bullion coins like the Perth Mint’s gold Kangaroo not affected, it does seem to indicate that worldwide minting production capacity is still unable to meet demand surges. [Read more...]