• 1 hour Airbnb In Acquisition Mode Ahead Of IPO
  • 4 hours Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 6 hours Champagne Sales Slow As European Economic Worries Grow Louder
  • 22 hours Putin Signs “Digital Iron Curtain” Into Law
  • 1 day Russian Metals Magnate Sues U.S. Over Sanctions
  • 1 day Tesla Looks To Jump Into Indian Market
  • 1 day Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 2 days Homeowners Experiment With Risky New Investment Trend
  • 2 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 2 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 2 days Ford CEO Gets Raise After Massive Layoff Round
  • 3 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 3 days Where To Look As Gold Miners Inch Higher
  • 4 days Google Faces Billions In Fines From European Regulators
  • 4 days The Energy Industry Has A Millennial Problem
  • 5 days Russian Banks Scramble For Sanction Loopholes
  • 5 days Gold ETFs Take A Hit After Four-Month Run
  • 6 days European Union Takes Aim At Ten New Tax Havens
  • 6 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 6 days $600 Billion At Risk As Boeing Fallout Continues
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

Mary Anne & Pamela Aden

Mary Anne & Pamela Aden

Mary Anne and Pamela Aden are internationally known analysts and editors of The Aden Forecast, a market newsletter providing specific forecasts on gold, gold shares…

Contact Author

  1. Home
  2. Markets
  3. Other

Silver is a Special Metal

It always has been. And on a value basis, it's also a good buy. Silver has been chugging more than gold but once it pops up, it could take off like a bandit.

There are many reasons why silver will go higher and it's just a matter of time. And as our dear friend Richard Russell points out, JP Morgan is aggressively accumulating physical silver by the hundreds of millions of ounces.

This is the largest accumulation of physical silver by a private entity in history!

Plus, it's three times the 100 million ounces acquired by the Hunt Brothers in 1980 or by Warren Buffet in 1998.

Some of you may remember when the Hunt Brothers tried to corner the silver market at the peak in 1980 when silver soared to the $50 level. It was a wild moment. And today is even more wild.


Headed Higher

JP Morgan obviously thinks silver is going up, and we do too. We think your patience today will be well rewarded in a future rise.

Alan Greenspan also believes gold will be considerably higher in the years ahead. So it's not only central bankers who are looking ahead. Others are too.

Chart 1 shows silver close up since 2013. It has steps, like gold, as you can see. Keep an eye on these levels as they'll tell the story.

Silver Steps

First of all, it's important for silver to continue holding above its seven month support at $15.40. If it then rises and stays above both its old 2013 support and 65 week moving average at $18.50 and $18.20, it'll start on a bullish path.

Silver could then jump up to the $22 -$24 levels, its next step. By then, it could clearly test the $30, which would be the following step.

The bottom line is, silver has great potential and it appears to be leading the other metals.

 

Back to homepage

Leave a comment

Leave a comment