Afternoon everyone…..
Silver closed strong yesterday and for the total week. It’s $93.91 Friday close was a one day increase of over $5. For the week it was up nearly $17.
While this may seem like a nice bump. It is still dragging far behind the Shanghai spot price which is over $105. It’s nearly a $12 per ounce difference.
This is not taking into account for the now starting Iran and Israel bombing which has just started. If this turns into anything, metals are going to explode.
Here’s a nice piece of shiny for you…..
On a different note, I have copied and pasted an article from the SD Bullion website for you to read and absorb as well. It really gives a more thorough view of the big picture.
My take from it is keep buying metals before they gone from the everyday person. Silver Back in Triple Digits Overseas as Supply Strains, COMEX Glitch, and Market Turmoil Signal a Structural Bull Run
Silver Just Completed the Most Volatile Month in Modern History: After surging to an all-time high above $121 per ounce in late January, silver corrected sharply into the $70s before stabilizing near $94 by the end of February. Extreme volatility is not a sign of weakness — it is often the hallmark of a developing commodity supercycle. Ten Consecutive Monthly Gains — A Historic First: Despite February’s violent correction, silver still closed higher in U.S. dollar terms — marking its tenth consecutive positive monthly close, the longest streak on record. Sustained momentum of this length historically signals structural, not speculative, demand. Gold’s Seven-Month Winning Streak Mirrors 1973: Gold has now posted seven straight positive monthly closes — a run not seen since the early 1970s bull market. Strong gold trends often precede and fuel larger percentage gains in silver. The Gold-Silver Ratio Is Breaking Down: The ratio closed near 56, reflecting silver’s recent outperformance. In precious metals bull cycles, falling ratios typically signal growing investor appetite for silver’s higher volatility and upside torque. Silver Is Already Back Above $100 in China: When accounting for local premiums, silver in China is trading back in “triple-digit land.” Shanghai Gold Exchange premiums near +15% over Western spot prices show strong physical demand and tightening supply in Eastern markets. Physical Inventories Continue to Drain: Industrial-sized 15 kilo silver barscontinue flowing out of Chinese exchanges, while COMEX registered and eligible inventories are falling. Tightening visible supply during rising demand conditions is classic bull market fuel. India Is Opening the Capital Floodgates: India is allowing actively managed equity funds greater exposure to precious metals and is moving away from London-based pricing benchmarks starting April 2026. Meanwhile, Indian investors just allocated more capital to gold ETFs than to stock funds. This represents potentially billions in new demand entering a relatively small market. Institutional Flows Are Accelerating: U.S. gold fund inflows are on pace to surpass last year’s $101 billion. Yet, relative to allocations in equities and bonds, institutional exposure to precious metals remains historically small — suggesting significant room for further capital rotation. COMEX Glitch is Undermining Confidence: A February 25 CME Globex outage halted metals trading just as silver surged above $90. The timing has fueled skepticism about paper-market stability and strengthened the case for owning physical bullion rather than relying solely on derivatives exposure. Supercycle Dynamics Are Taking Shape: Former Goldman Sachs commodities head Jeff Currie describes the current environment as early-stage supercycle behavior — sharp spikes, violent corrections, and repeated surges driven by supply constraints, de-dollarization, central bank buying, electrification demand, and persistent debt fears. In such cycles, volatility precedes sustained higher highs.
