- Goldmoney: Physical silver is running low
- Guardian Gold: Is silver still being sold short?
- Stocknews: The attitude towards silver is changing
- RT: The recovering markets of India and China crave gold
Goldmoney: Physical silver is running low
The prices of gold and silver rose moderately last week, and their position stabilized: gold increased by €9.24 and silver by €0.22. Trading was calm due to Easter, but the holiday did not quell rumors about the shortage of physical silver – more and more buyers want silver delivered physically.According to statistics (see original article), traders are now in an environment where currency inflation is diminishing and interest rates are low. Gold traders have been able to reduce their net shorts, but their deficit is still $20 billion.
In contrast, silver traders' accounts are balanced, and silver mining output is on the rise. Therefore, evidence of the shortage of physical silver is becoming increasingly important. This came to light for the first time when RobinHood investors temporarily pushed the price of silver above €25. Now is the last moment to invest in physical silver.
Read Read full article in English / 4.9.2021, Alasdair Macleod
Guardian Gold: Is silver still being sold short?
“If the silver is not in your hands, it is not really your silver” is an old saying that seems to have resurfaced in the minds of silver investors. More and more silver investors want their silver out of pooled and unallocated accounts, and many customers of Guardian Gold are requesting that their physical silver be transferred to separate, personal storage. This movement has drained silver reserves dry, for example, in Australia.However, there is a lot of misinformation circulating in the investor community, particularly due to the differences between physical metals and fast ETF online markets. Many ETF investors do not expect to receive physical silver; instead, they chase spot prices in electronic exchanges. Currently, the gold ETF market is enormous, and since August 2020, it has been profitable. According to the author, rapid ETF liquidations are one of the main reasons for the recent decline in gold prices. Although the demand for physical bars is high worldwide, it has not been enough to offset the massive ETF selling.
The delivery of physical silver is tight because many ETF and mutual fund investors are requesting delivery simultaneously, and they may not fully understand the terms of service of the management services they are using. Many mints and refiners have to break down their large bars into smaller 1 kg pieces to meet the suddenly increased demand. For this reason, converting 100% backed ETF holdings into physical silver can take surprisingly long. Read full article in English / 4.9.2021, John Feeney
Stocknews: The attitude towards silver is changing
The beginning of April has been good for precious metals, says independent investor Taylor Dart. Silver continues to outperform gold, but the long-term moving average expectation has dropped from 79 percent to 60 percent. This is a good sign and has made silver trading less crowded, as silver nearly hit a short-term selling point at the beginning of February when r/WallStreetBets started buying it.Expectations are a useful indicator of how far the current rise or fall can continue. Declining expectations give the metal room to rise towards the price range of €24.37–€26.89/oz. The silver-to-gold ratio has also improved, and it is likely to swing down to 0.15, remaining bullish. Silver outperforming gold is good for the ratio, as it often benefits both silver and gold.
However, Taylor recommends holding onto positions until silver breaks through the price range of €18.49–€26.89. Small purchases can be made when its price drops below €20.17, and one can trim their investment when it rises above €24.16. Silver has the potential to exceed the €25 mark this year, but it may also remain stagnant for the year, digesting the 48% rise from 2020.
Read Read full article in English / 4.6.2021, Taylor Dart
RT: The recovering markets of India and China want gold
The demand for physical gold has increased significantly during the spring in India, China, and other Asian countries. According to statistics, India imported as much as 160 tons of gold in March, which is five times more compared to last year. Gold purchases nearly came to a halt in April and May of 2020, but began to recover again in 2021. Indians view gold as a strong status symbol, and a significant portion of the population prefers to buy gold jewelry rather than save their wealth.China's jewelry sales in February were double compared to last year despite the losses caused by the pandemic. Demand in China fell by 28% and in India by 48% during the first three quarters of 2020. According to the World Gold Council, the declining demand in Asia was one of the main reasons why global demand fell to its lowest since 2009.
Read Read full article in English / 9.4.2021, staff writer
This is Jalonomi's weekly review of interesting precious metal news from various sources around the world. Our goal is to provide the reader with a concise and quick-to-read overview of the news on a weekly basis. We particularly focus on news related to investment gold.
