Category Archives: silver-rounds

Gold steady, little changed early Monday, as the markets and the world waited for the outcome of this week’s U.S. … Continue reading →

With one of the most highly anticipated and high-stakes presidential elections just days away, precious metals investors are eager to … Continue reading →

Mike Roy’s article published on GoldBroker.com became viral in a few days. In this analysis, the author presents several dizzying … Continue reading →

 Both gold and silver are in the process of breaking out of bull flag patterns, which indicate sharp gains in the near future. Here’s what you need to know…

Gold and silver had an impressive day, with gold rising 1.18% to a record high of $2,775 and silver climbing 2.33% to close at $34.46. Yesterday’s strong performance in precious metals has triggered a significant new bullish signal, prompting this timely update. 

As I pointed out recently, gold had been forming a chart pattern known as a “bull flag,” which is a continuation pattern that suggests further gains once gold breaks out on strong volume. 

Following yesterday’s strong upward move, gold has broken out of its bull flag pattern, indicating that further gains are likely ahead. 

Using a concept called the ‘measured move,’ we can project the potential price target for gold’s rise after this breakout. In a measured move, the price is expected to climb by the same number of points as the initial rally that preceded the consolidation. 

Applying this logic, gold should increase by an additional $150 in this leg, reaching approximately $2,900. Based on the previous move, this target may be reached within a little over a week.

Similar to gold, silver has also developed a bull flag pattern, though it hasn’t broken out yet—but I expect it will soon. 

The initial move into the pattern was $5, suggesting a post-breakout rally of the same magnitude, targeting approximately $40. This also makes sense because $40 is a key psychological level, and such levels tend to draw prices to them like a magnet.

Since silver broke above its key $32.50 level, I have been watching closely; I am now watching silver’s monthly chart to help identify potential resistance areas as the bull market unfolds. I analyze previous congestion zones to determine where silver might face temporary challenges. 

Each zone acts like a hurdle that Silver needs to overcome. Once it does, that level becomes a new floor, and we then focus on the next resistance level, continuing this pattern as the bull market progresses.

When silver breaks out of its flag pattern, it will surpass the $34–$36 resistance zone, a significant barrier that held firm through much of 2011. Once surpassed, the $34–$36 zone will become a new support level, offering added confidence for the bulls. 

I believe silver is on the verge of a very powerful bull market that will likely take it to $50 and eventually much higher from there.

I watch silver mining stocks to confirm moves in the price of silver—particularly the popular Global X Silver Miners ETF (symbol: SIL). SIL, much like silver itself, has formed a bull flag pattern, indicating a projected price target of $49 upon breakout.

In addition to SIL, I monitor the Amplify Junior Silver Miners ETF (symbol: SILJ), which is the main proxy for junior silver mining shares. 

I’m especially bullish on junior silver mining stocks and personally invest in them (a topic I’ll discuss in greater detail very soon). Similar to SIL and silver, SILJ has also formed a bull flag pattern, projecting a price target of $17 upon breakout.

As I recently explained, I closely monitor copper to better ascertain silver’s potential moves due to their strong correlation. Bullish trends in copper generally signal strength in silver and vice versa. 

Since early October, copper has pulled back, which has weighed on silver’s price. The good news is that there’s a strong likelihood copper will find support around the $4.25 level and rebound, which should provide silver with an additional boost.

Building on the logic discussed above, I developed an index known as the Synthetic Silver Price Index (SSPI) to confirm silver’s price movements. This index calculates the average of gold and copper prices, adjusting copper by a factor of 540 to ensure that gold’s higher price doesn’t disproportionately impact the index. 

Remarkably, the SSPI closely tracks silver’s price—even though silver itself isn’t an input! I’m watching for a decisive close above the SSPI’s key resistance zone, between 2,560 and 2,640, to issue an additional supplementary bullish signal for silver. Once that signal is given, there should be no looking back for silver.

Since the beginning of October, the U.S. Dollar Index has experienced one of its sharpest rallies in recent memory, rising in 16 of the last 22 trading sessions. Precious metals generally have an inverse relationship with the dollar, so you’d expect them to drop sharply, given the dollar’s strength. 

However, the fact that they’ve held steady is a strong indication of their resilience. There’s a strong possibility that the dollar’s rebound will soon encounter a pullback, especially if it struggles to break above the two-year downtrend line that is just overhead. Such a pullback in the dollar would be highly bullish for gold, silver, copper, and other commodities.

A closer look at the U.S. Dollar Index’s chart reveals two shooting star candlesticks, indicating that the index has attempted—and failed—twice to break above the downtrend line. These candlesticks often precede bearish moves.

Interestingly, Bitcoin has finally broken out of a consolidation pattern that’s been forming since March, signaling a potential rise to $100,000 or higher. 

This breakout is noteworthy because gold, silver, and Bitcoin often rally for similar reasons—rising liquidity and increasing investor interest in alternative assets—essentially reinforcing each other’s bullish outlook.

In conclusion, the outlook for precious metals remains strongly bullish, with both gold and silver positioned for substantial gains as they break out of critical chart patterns. Gold’s bull flag breakout projects a potential rise to $2,900, while silver is set to target $40 once it breaks out. 

In addition, silver mining stocks, copper, and the U.S. Dollar Index add layers of confirmation to this bullish outlook. The potential for a dollar pullback and copper’s anticipated rebound could further support higher prices in gold and silver, bolstered by rising investor demand for alternative assets, including Bitcoin. 

Given these dynamics, the precious metals landscape looks particularly promising for continued upward momentum in the weeks and months ahead. Continue reading →

$531B in Treasury Auctions settles today, spotlighting hidden risks in the dollar system. As bank reserves thin, central banks may … Continue reading →

Cathie Wood said the divergence of base metal prices from gold could be pointing to signs of extreme economic weakness. … Continue reading →

The extinction of silver as an element on the periodic table is a concerning prospect that merits serious consideration.

Silver is indeed at risk of disappearing entirely and its availability for industrial and technological applications are becoming severely limited in the upcoming weeks and months.The absence of significant new silver discoveries in the past decade is particularly alarming

The lack of silver mining success comes at a time when Silver demand is rapidly increasing across multiple sectors.

The metal’s unique properties make it indispensable for conductivity, reflectivity, and anti-corrosion applications in industries ranging from electronics to renewable energy

The rise of electric vehicles, aerospace, military, AI data centers, 5G networks, and solar power installations is driving unprecedented demand for silver

Each of these technologies requires substantial amounts of the metal. For instance, a single solar farm can consume hundreds of thousands of ounces of silver.

Every gigawatt of solar uses 700,000 ounces of silver

Silver goes Nuclear

Pressurized water reactors (PWRs) commonly use silver-indium-cadmium (Ag-In-Cd or AIC) alloy control rods for neutron absorption. Here are the key details about the use of this alloy in PWRs:

The typical composition of the Ag-In-Cd alloy used in PWR control rods is:

Silver (Ag): 80%

Indium (In): 15%

Cadmium (Cd): 5%

This composition is chosen for its excellent neutron absorption properties

The Ag-In-Cd alloy offers several benefits for use in PWR control rods:

High neutron absorption cross-section

Good mechanical properties

Resistance to radiation-induced swelling

Compatibility with reactor materials

While the exact amount of Ag-In-Cd alloy used can vary depending on the specific reactor design, a typical PWR would use between 2000 to 5000 kg of the alloy in its control rods. The majority of this mass (about 80%) would be silver, amounting to approximately 1600 to 4000 kg of silver per reactor

Westinghouse Nuclear Energy delivers power by the truckload

Many of you all know I live in Pittsburgh

Westinghouse Electric Company, headquartered in Cranberry Township, (a suburb of Pittsburgh Pennsylvania,) is developing two innovative nuclear power solutions for rural settings.

The first is the eVinci microreactor, a small modular reactor designed for remote locations. This compact unit can be transported on a truck and provides reliable, carbon-free energy for various applications

Major tech companies like Google, Microsoft, and Amazon are increasingly exploring nuclear power options to meet the growing energy demands of their AI data centers. These companies are attracted to nuclear energy’s reliability and potential for carbon-free power generation.

As AI technologies continue to advance and become more prevalent, the number of data centers is expected to grow significantly over the next decade. Industry analysts project that the global data center market could see a compound annual growth rate of 10-15% through 2030, potentially resulting in thousands of new facilities.

Updated Silver numbers if Google, Microsoft, Amazon, Tesla, OpenAI and the Trillions of Dollars rushing towards AI get their wish.

The Same Investment Strategy Fueling Nvidia BOOM applies in our Forecasting.

This rapid expansion, coupled with the push for sustainable energy sources, could lead to a surge in demand for small modular reactors (SMRs) and other advanced nuclear technologies.

The increasing interest in nuclear power for data centers, combined with the existing demand from traditional nuclear plants, could put significant pressure on silver stockpiles.

Silver’s unique properties make it essential in both nuclear reactor control rods and various components of data center infrastructure.

As these industries expand, the demand for silver is likely to outpace current production levels, potentially leading to a scenario where global silver stockpiles begin to deplete rapidly.

This growing industrial demand, coupled with silver’s role in renewable energy technologies and electronics, suggests that the precious metal may face supply constraints in the coming months will drive up prices and increasing its strategic importance in the global economy.

FACT: The nuclear industry relies heavily on silver, with each reactor using up to 4,000 kg in its control rods

Compounding the supply challenge is the declining ore grade of existing silver mines. As easily accessible deposits are depleted, extracting silver becomes increasingly difficult and expensive.

This trend will accelerate the depletion of economically viable silver reserves.

The geopolitical landscape adds another layer of complexity to the silver supply issue.

Mexico, a major silver producer, is considering nationalizing its silver resources (just like it already did oil, lithium and electric utilities) – We have a report tomorrow showing new notes from the MORENA party indicating they on what they are calling the second floor of their 4th transformation, and that the third and fourth floor are Mexico’s final steps to kick out investors from Canada and USA.

This move will significantly disrupt global silver markets and further constrain supply.

The acute scarcity of silver highlights:

Silver recycling is now impossible unfeasible because of the cost of labor and existing methodologies.

the urgent need for new investment

There are less than *4 pure silver companies on the stock market

We endorse 3 of them

We will continue to fact check this and update this article.

sources:

https://patents.google.com/patent/EP0737357A1/enhttps://www.antinternational.com/docs/samples/FM/11/CATH_FMTR3_sample1.pdfhttps://www.science.gov/topicpages/s/silver-indium-cadmium+control+rods https://en.wikipedia.org/wiki/Control_rodhttps://www.nrc.gov/docs/ML1135/ML113500368.pdfhttps://www.sciencedirect.com/science/article/abs/pii/S0149197009001589https://jopss.jaea.go.jp/pdfdata/JAERI-M-89-150.pdfhttps://www.osti.gov/biblio/4811673https://www.voanews.com/a/tech-firms-increasingly-look-to-nuclear-power-for-data-center/7823925.htmlhttps://www.npr.org/2024/10/29/nx-s1-5161411/tech-companies-look-to-renewable-energy-to-power-aihttps://www.wsj.com/business/energy-oil/nuclear-power-artificial-intelligence-tech-bb673012https://www.businessinsider.com/amazon-google-microsoft-openai-big-tech-investment-nuclear-ai-race-2024-10https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/ai-power-expanding-data-center-capacity-to-meet-growing-demandhttps://www.nytimes.com/2024/10/16/business/energy-environment/amazon-google-microsoft-nuclear-energy.htmlhttps://apnews.com/article/climate-data-centers-amazon-google-nuclear-energy-e404d52241f965e056a7c53e88abc91ahttps://www.cnbc.com/2024/10/15/big-tech-turns-to-nuclear-energy-to-fuel-power-intensive-ai-ambitions.html

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*This report does not count Mexico because of previous reports of their pending jurisdictional risk

Our opinions are not our sponsor’s opinions.

The views expressed on TheSilverIndustry.substack.com are not necessarily those of the Silver Academy. Continue reading →

“We’re at the beginning of a major bull market,” said Lundin, editor of the Gold Newsletter and CEO of the New Orleans Investment Conference. “The confluence of factors driving this rally is undeniable.” Continue reading →

Another day, another all-time high for the yellow metal; price surpasses $2,760 in Tuesday trading. October has been a strong … Continue reading →

Rafi Farber, a renowned investor, warns of an impending financial crisis triggered by dwindling bank reserves. In a recent interview … Continue reading →

China’s futures traders drove a remarkable $400 surge in gold prices this past spring, and now they are positioned to … Continue reading →

The presidential election is on November 5th, and radical economic promises abound. The very next day, the Fed will meet to decide on more interest rate cuts. Gold and silver are holding all-time highs. With all these factors and more, after Halloween, we will see just how spooky things can get for the US economy. Continue reading →