The next move in Silver may be stunning! [Dec 28 2012]

From KingWorldNews:

The silver chart above shows the important moves and consolidations since the advance began in 2003.  Note that the last consolidation lasted 91 weeks.  After silver was then able to break out above the $21 resistance area, it subsequently advanced roughly 150%.  If silver were to replicate a move of that magnitude, after breaking the recent high of nearly $50, it would put the next target for silver at a staggering $125.  

*charts put together by Kevin Wides

ORIGINAL FULL ARTICLE HERE

Silver Vaults Stuffed Means Price Rising 30% in ’13: Commodities [Bloomberg.com]

Silver Bullion Pte, one of Singapore’s largest suppliers of coins and bars to retail investors, says sales tripled since October, part of a global surge in demand that drove holdings to a record.

“Our clients are worried that a major currency crisis or mass bankruptcies would occur,” said Gregor Gregersen, the 36- year-old founder of Silver Bullion, whose sales now average about S$6 million ($4.9 million) a month. “It all has to do with falling confidence in the heavily indebted Western governments and financial institutions.”
Global investment through silver-backed exchange-traded products reached a record 18,854 metric tons in November, or more than nine months of mine output, data compiled by Bloomberg show. Holdings are now valued at about $19.2 billion. Prices will rise as much as 34 percent to $40.25 an ounce next year, based on the median of 49 analyst, trader and investor estimates compiled by Bloomberg.
Silver almost tripled since the end of 2008, lagging behind only platinum in gains for precious metals this year as policy makers from the U.S. to China to Europe pledged more action to boost economies. That’s attracting investors betting that stimulus will stoke inflation and debase currencies. It’s also luring those wagering growth will strengthen industrial demand for silver, 53 percent of which is used in everything from televisions to batteries.

Read more HERE

James Turk's Outlook for Gold for 2013 to 2015

Silver update: 20th Dec 2012. By Trader Richard

30.00 seems to be the next support level and my personal opinion is that going back down to the 26.00 level is highly unlikely because silver seems to be respecting the bottom rising trend line so far. I think a break out to the upside out of this flag formation is imminent and more likely scenario. Kudos to those long term investors that were able to sustain this long sideways consolidation, which was probably designed to shakeout weak holders. Hoping it won't be much longer before you guys will be rewarded handsomely for your patience, because once this resolves to the upside, the move may be explosive. 

This is not trading or investment advice and is for sharing my opinion only so please do your own research and analysis. Your investment and trading decisions is at your own risk. Thank you!

Trader Richard

Legendary Eric Sprott appears on Bloomberg TV

$50.00/ounce silver by mid Jan 2013?

Just visualising. What are your thoughts about this silver price projection?

China Silver Demand to Advance to Record on Wealth Protection [By Bloomberg News - Oct 25, 2012 10:50 AM GMT+0800]

Silver demand in China, the world’s second-largest user, is set to jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co.
Consumption may climb to 7,700 metric tons after gaining 6 percent to 8 percent in 2012, Shi Heqing, an analyst at Beijing Antaike, said in an interview on Oct. 22. About 33 percent of the country’s demand comes from jewelry and coins, with the rest from industrial use in photography, solar and electrical appliances, according to Antaike, which has studied metals for two decades.
Chinese investors are buying more silver as the second- largest economy slowed for a seventh quarter, the Shanghai Composite Index is heading for a third straight annual drop and property curbs are limiting prices. Silver climbed 14 percent this year and holdings by exchange traded funds gained 6.5 percent this year after touching 592 million ounces last week.
“Chinese investors want hard assets such as silver, especially when it’s cheaper than gold and requires less funding,” Shi said. “Many producers and investors have hoarded the precious metal in the form of ingots or unwrought silver.”
Silver rose 53 percent in the Federal Reserve’s first round of quantitative easing, or QE, from December 2008 through March 2010, twice as much as gold, and 24 percent during the second phase ending in June 2011, three times as much. The U.S. central banks announced a third round of QE on Sept. 13. Silver will probably beat gold in the next several quarters, Morgan Stanley (MS) predicts.

To read FULL ARTICLE

David Morgan radio interview [Published on Oct 17, 2012 by silver investor.com]

http://TheMorganReport.com‬‬ ; David Smith [Research Analyst for The Morgan Report]

Silverbullion.com.sg [James Cox of Silvermoneyfuture.com interviews, Gregor Gregersen]

Wealth Strategies: Silver prices driven by QE, Euro buying [Video] Friday, October 12th

Is Silver the New Gold? (Infographic)

Infographic Courtesy of The Silver Bomb

David Morgan: Silver Moving Towards Par With Gold! Published on Sep 18, 2012 by silverdoctors

The Greatest Silver Chart Of All-Time [9 Sept 2012 http://hubertmoolman.wordpress.com]

Trader Dan's Market Views: Stealth Mode Rally in Silver Maybe not so Stealthy...

Trader Dan's Market Views: Stealth Mode Rally in Silver Maybe not so Stealthy...: I remarked last week that silver had been slyly working its way higher in very quiet fashion but was knocking on the door of overhead resist...

Silver Investor Holdings Hit RECORDS! (David Morgan KITCO EXCLUSIVE), 15.08.2012 silverguru on youtube

June 20th, 2012 at 8:35 pm [By Chris Vermeulen; www.thegoldandoilguy.com]

Gold & Silver on the Verge of Something Huge!

June 20th, 2012 at 8:35 pm

Gold and silver have taken more of a back seat over the past 12 months because of their lack of performance after topping out in 2011. Since then prices have been trading sideways/lower with declining volume. The price action is actually very bullish from a technical standpoint. My chart analysis and forward looking forecasts show $3,000ish for gold and $90ish for silver in the next 18-24 months.

Now don’t get too excited yet as there is another point of view to ponder…

My non-technical outlook is more of a contrarian thought and worth thinking about as it may unfold and catch many gold bugs and investors off guard costing them a good chunk of their life savings. While I could write a detailed report with my thinking, analysis and possible outcomes I decided to keep it simple and to the point for you.

Bullish Case: Euro-land starts to crumble, stocks fall sharply sending money into gold and silver which are trading at these major support levels which in the past triggered multi month rallies.

Bearish Case: Greece, Spain and Italy worth through their issues over the next few months while metals bounce around or drift higher because of uncertainty. But once things have been sorted out and financial stability (of some sort) has been created and the END OF THE FINANCIAL COLLAPSE has been avoided money will no longer want to be in precious metals but rather move into risk-on.

Take a look at the gold and silver charts below for an idea of what may happen and where support levels are if we do see money start to rotate out of metals in the next 3-6 months.

Over the next few months things will slowly start to unfold and shed some light on what the next big move is likely going to happen to gold and silver.

The price movements we have seen for both gold and silver indicate were are just warming up for something really big to happen. It could be a massive parabolic rally to ridiculous new highs in 2012/2013 or it could be a huge  unwinding of the safe havens as countries sort out their issues and the big money starts moving out of metals and into currencies and stocks.

Only time will tell and that is why I analyze the market multiple times per week to stay on top of both long term and short term trends. So if you want to keep up with current trends and trades for gold, silver, oil, bonds and the stocks market checkout TGAOG at:http://www.thegoldandoilguy.com/free-preview.php

Chris Vermeulen

Silver Price Forecast: Silver Offers A Great Opportunity [June 7 2012]

End of the Road: How Money Became Worthless

State of the Silver Market MAY 2012 - David Morgan of Silver-Investor.com Interview

CNBC ‘Fast Money‘: "Silver will out perform gold" Eric Sprott [Wed May 09 12:20:00 EDT 2012]

David Morgan-The silver suppression scheme is ending--04.May.2012

David Morgan "Myths in Silver" Interview California Resource Investment Conference 2012 [Apr 21, 2012 by silverguru]

Harvey Organ: Get Physical Gold & Silver! [ChrisMartensondotcom, Apr 20, 2012]

Silver Update: Technical Analysis by Korean Trader Sung Won 18-4-2012

SBSS 21. Silver In Perspective

CME Lowers Silver, Copper Margins [www.zerohedge.com Submitted by Tyler Durden on 04/12/2012 18:39 -0400]

While it is unknown if this is merely a bull trap to get yet another bubble going, then to slaughter everyone with the same relentless barrage of margin hikes as we saw in the spring of 2011, or simply volumes in commodities have gotten so low that even the CME is willing to allow a little price appreciation in exchange for participation is unknown, but as of April 16 silver initial and maintenance margins will be 12.5% lower, while copper margins are declining by 20%.


See FULL ARTICLE

Silver Update: Technical Analysis by Korean Trader Sung Won 13-4-2012

Trader Sung Won from korea 11-04-2012: Silver technical chart 1hr chart

Silver Update: Technical. It is my belief that the bottom channel line (in red) will be strong support

April 4th Silver Update [2012]

Silver Market Update [From Clivemaund.com ;originally published April 1st, 2012] ]

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Precious Metals – Silver, Gold, Gold Miner Stocks On The Rise? [March 30th, 2012 at 8:34 am; From Chris Vermeulen www.GoldAndOilGuy.com]

4 Hour Momentum Chart of Silver:

Read full ARTICLE

Silver Update 26 March 2012: 4 hours chart - Updated chart!

Silver Update: March 24 2012: have we got the start to a reversal to the upside?

Silver Update 23 March 2012: 4 hours chart [Falling wedge]- Bullish pattern?

Silver Update 23 March 2012: Technical Analysis; support and resistance

SILVER is The Achilles' Heel to the ENTIRE ECONOMIC SYSTEM ***(Must Watch!)*** Mar 21, 2012

Price movement seems identical to March 19th (red line). Coincidence or market manipulation?

Another Healthy Correction For Gold And Silver March 18, 2012 [By Jason Hamlin]

I have received several emails this week asking my thoughts on the current price action in precious metals. Some subscribers are asking how low gold and silver might go in the short term and my honest response is “I have no idea.” Anyone that claims they can predict the short-term price movements in a market as manipulated as this one is blowing hot air. The banks can utilize leveraged paper contracts to take gold down to $1,200 and silver to $20 if they want to, in the short term.

However, they absolutely can not keep prices this low for very long, as free market forces will bring things back into equilibrium. In fact, recent take down attempts have been met rather quickly with buying from strong hands, much of it likely coming from China. While I still believe that the manipulators can create rather substantial take downs that scare weak hands out of their positions in the short term, they are becoming less effective and more impotent each day. This has been obvious in the charting, where buyers are stepping up to take advantage of these paper-driven artificial sell offs. I view this manipulation of paper prices as insignificant. Whether gold falls to $1,200 or only drops to $1,600 and bounces, I have no doubt it will continue to preserve wealth and continue to increase the purchasing power of those holding it over time.

I believe it is important not to give into emotions during corrections such as these. If you have been staring at your computer screen and stressing the price action this week, you are doing yourself a great disservice. I would suggest that your focus should be mustering the strength to stick with your convictions, ignore the noise and keep your eye on the longer-term picture. I see nothing wrong with hedging via put options or inverse ETFs, but I’ve found it easier and more effective to simply hold onto core positions and buy the dips.

I am convinced that gold and silver will eclipse their previous inflation-adjusted highs before this bull market is over. This means that gold will climb above $2,400 and silver above $150 at an absolute minimum. If we use more realistic inflation numbers such as those calculated by John Williams of Shadow Stats, the true inflation-adjusted highs are more than triple the prices listed above. Whether gold climbs to $8,890 and silver to $517 remains to be seen, but I believe we are likely to see the lower price targets listed above within the next 12 to 18 months.

Read more @ ORIGINAL SOURCE

Silver Update: Mar 11 2012 Silver gravitating towards the 200 MVA

Silver Update: March 08 2012 Have we found a bottom yet?

Silver Update: Feb 05 2012 Has silver confirmed a reversal pattern to the downside?

Next support level is 33.70 and if that does not hold, look for 32.70 as the next support.

Silver Market Update [Clivemaund.com; originally published March 3rd, 2012]

Silver has had a good run from its lows at the end of last year and was on course to break out of the major downtrend in force from its highs of April last year, but it was not to be, for last week it reversed sharply to the downside, leaving behind a bearish engulfing pattern on its chart, as we can see on its 15-month chart below. While it has not yet broken down from the intermediate uptrend in force from late last year, action last week suggests that it is destined to shortly.

The fact that silver tried to break out of its major downtrend channel, but failed and then dropped hard on heavy volume is a clear sign of a trend change - an intermediate reversal. Thus it is now expected to break down from its shorter-term uptrend shown and drop away, despite the fact that it is not very overbought and its moving averages are in increasingly bullish alignment. How far could it drop? - it could drop right back across the trend channel which would clearly not be good news for silver bulls, and there is nothing to say that it could not drop further than that.

Read more @ ORIGINAL SOURCE

Silver Update: Daily Chart 02 March 2012 Technical Analysis

Silver Update: 29 Feb 2012 [Daily Chart]

Silver Update: 28 FEB 2012 [8HRS Chart]

According to James Turk from Kingworldnews:

“In this regard, I have mentioned several times my expectation that once resistance at $35 is taken out, silver will climb to $68-$70 in 2 to 3 months.  I still expect that outcome, but of course, only time will tell.

Silver Update: Feb 21 2012 [8hrs chart]

Silver Update: Feb 17 2012 [2hr chart]

Silver finally broke out of the trading range [34.40 on the top and 33.00 on the bottom] to the downside and touched the 32.65 before quickly reversing and rising higher. Was this failed move a shake out? 

The 33.00 support level stopped silver from dropping down further once again. Did we avoid an episode of brutal sell-off, or is this still to come? We have to wait and see...

Silver Update: Feb14 2012

Silver still consolidating sideways between 34.40 on the top and 33.00 on the bottom. If it drops below 33.00, I'd be looking to buy at the 31.20 level where it meets the 200DMA which also coincides with the support level drawn. If it breaks through the 34.40 level, I''ll be expecting an upside target of 35.50 level.

Silver Update: Technical Analysis

As suspected, silver appears to be falling to the 33.00 level. This level must hold if it wants to avoid breaking below the upward rising channel line and must quickly reverse to the upside. Let's wait and see what happens...

Silver Update: Technical Analysis, revised chart to consider

Is silver going to sell down to 33.00 before having another shot at breaking above 34.40?

Silver Update: Technical Analysis

The 34.40 level is resistance level and 33.00 is acting as support. Silver has been range bound between these two levels since 26th January 2012. The overall trend is upwards at the moment since hitting the low of 26.00 and some change. Hopefully, the bulls can take silver past the tough resistance to resume it's upward momentum very soon! If it goes below the 33.00 level decisively, we can expect a short term reversal.

SBSS 10. The Silver Paradigm Shift [TruthNeverTold on Feb 6, 2012]

SBSS 8. The REAL Silver High [TruthNeverTold on Feb 1, 2012]

SBSS 7. The Historical Case For $960 Silver [TruthNeverTold on Jan 31, 2012]

Nick Santiago – If You Have Some Extra Money Buy Silver – 31-01-2012

Click Here to Listen to the Podcast

Silver Price Forecast 2012: Massive Amount of Energy Underlying the Silver Market [Jan 18, 2012]

The Great Silver Market Myth! [by silverguru on Jan 16, 2012]

Silver Market Update [Clivemaund.com; January 15th, 2012]

We have until now concentrated on this Head-and-Shoulders thesis and not really considered the possibility that the entire reaction from the April high, which was a downtrend bounded by parallel trend boundaries, is quietly morphing into a strongly bullish Falling Wedge, as shown on our 2-year "Scenario 2" chart below.

Read Original SOURCE

Silver XAG/USD Fibonacci Levels JAN 13 2012

Eric Sprott: "Who is not Getting the Silver?" [Jan 11, 2012]

Silver Newsletter: Why Silver For A Monetary Collapse? Part 2 [http://hubertmoolman.wordpress.com; 10th Jan 2012]

Silver Newsletter: Silver Forecast

In part 1, I stated:

“We are at the edge of a major economic crisis. Our monetary system is the underlying cause of this major crisis. The massive debt bubble created by our monetary system is about to burst. The demonetization of gold and silver, has over the years diverted value from these metals, to all paper assets (such as bonds) linked to the debt-based monetary system.

The process of the devaluation of gold and silver, started by the demonetization of gold and silver, is about to reverse at a greater speed than ever before. This is similar to what happened during the late 70s, when the gold and silver price increased significantly. However, what happened in the 70’s was just a prelude to this coming rally. The 70’s was the end of a cycle, this is likely the end of a major cycle; an end of an era of the debt-based monetary system (dishonest money).”

What this debt-based monetary system has done, is to create what I call a “mirror-effect”, whereby, silver (and gold) is pushed down in value, to a similar extent as to which paper assets such as general stocks are pushed up in value. This mirror-effect clearly shows up on the long-term charts of gold, silver and the Dow.

Here (in part 2), I would like to show how this “mirror effect” of silver versus the assets linked to the debt-based monetary system (general stocks in this case), shows up on the long-term charts. This “mirror effect”, also reveals an interesting cycle, which provides more evidence to support my view, of the impending judgment of this system (monetary system), in terms of standards according to the Holy Scripture.

Below, is a long–term silver chart (real and nominal) from 1850 to present (generated at minefund.com):

READ MORE @ ORIGINAL SOURCE

Silver Market Update [Clivemaund.com; January 8th, 2012]

A large and very bearish looking Head-and-Shoulders top appears to be completing in silver which portends a severe decline and thus a deflationary downwave. However, a factor complicating the picture in recent weeks has been the COT structure for silver and sentiment indicators, both of which look very bullish. For reasons that are set out in the parallel Gold Market update, the COT is believed to be highly deceptive at this time, and with regards to sentiment indicators, there is the scope for readings to get even worse (even more bullish) in the event of a breakdown and severe decline.

The big Head-and-Shoulders top can be clearly seen on the 2-year chart for silver. What is remarkable about this pattern is that its "neckline" or lower support line is perfectly horizontal with the price bouncing back up late in December EXACTLY from its September intraday low. This large top area appears to be complete, although action over the past couple of weeks suggests that we will see one last rally before it turns down and breaks below the support at the bottom of the pattern. It is rather hard to determine what it would take to abort its bearish implications - a break above the Right Shoulder high at about $35.70 would be a bullish development but not convincing - it is better for us to use a gold breakout above the top line of its Descending Triangle as a guide to a probable abort of the bearish patterns in both gold and silver.

READ MORE @ ORIGINAL SOURCE

Ted Butler: Commercials Have No Interest in Shorting Silver Again [5th Jan 2012]

Silver analyst Ted Butler had his mid-week commentary for his paying subscribers yesterday and, as usual, I have a couple of free paragraphs.

"The big commercial silver shorts had a near death experience when the price approached $50 in April. They were at the end of their rope and needed to do something in a hurry. That’s why they rigged prices lower; so that they could buy and save themselves. These well-connected commercials knew, perhaps for the very first time, just how tight the silver market had become and how close we were to a profound physical shortage. The key is that the silver shortage wasn’t caused by excessive speculative buying or a bubble or a mania. The extreme tightness and near shortage in silver was as a result of the gradual and cumulative impact of normal investment buying over the past five years. There is nothing to suggest that the long term and steady silver investment buying has ended."

"Because there was no bubble or mania in silver, there was no bubble to burst. The orchestrated takedowns of the price by the big commercial interests were simply so that these commercials could buy and rid themselves of silver short positions. That’s done now. That means that the silver market is now in the best possible shape."

"What lies ahead for silver is exciting. While we have not witnessed a bubble in silver yet, we will some day. The silver story and the dynamics of the market are too compelling for an investment mania not to emerge at some point. If anything, speculative sentiment has been completely wrung out from silver, clearing the way for speculators and investors to enter the market with a vengeance. At some point, enough of the world’s industrial silver users will panic as prices climb and attempt to build physical silver inventories. This user buying, something that never kicked in during the run to $50 will create a silver shortage, the likes of which never witnessed before. It seems that the big commercial interests have come to learn the real silver story and they appear to want no part of the short side again. The major pressure of selling has passed...and the way seems clear for higher prices. By the time the next chapter in the silver story plays out, $50 could look cheap."

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Silver's average annual price reaches record high in 2011 [Author: Dorothy Kosich; Posted: Thursday , 05 Jan 2012]

With a 74% gain over 2010, silver outperformed all other precious metals last year in terms of average annual price increases boosted largely by investment demand
RENO - 

The average annual silver price of $35.12 per ounce last year, set a new price record, a 74% gain over the 2010 average annual price of $20.19 per ounce.

The Silver Institute observed Wednesday silver's average annual price has increased an astounding 703% since 2001.

Silver outperformed all other precious metals in terms of average annual price increases. Palladium recorded a 39% gain last year, while gold was 28% higher and platinum rose 7% over 2010 data, the Silver Institute reported.

In a report released by the institute last November Thompson Reuters GFMS forecast that world silver investment would reach $10 billion last year, easily surpassing the previous record of $6 billion in silver investment set in 2010.

"Silver's strong price performance last year owed much to the strength in investment demand, as well as growth in industrial demand, much of which is relatively price insensitive in the short term," said Michael DiRienzo, executive director of the Silver Institute.

ORIGINAL ARTICLE

Silver Fibonacci Price Update 03 Jan 2012 [TheSilverLog]

Powerful Rebound In Gold and Silver Prices About To Begin? [SilverBearCafe; Jeb Handwerger

Rarely has such technical destruction been visited on stalwart sectors such as gold, silver and the mining stocks(GDX). The silver charts reveal technical damage not seen since the destruction of 1984. It can only be conjecture that can account for a once in a generation obliteration of a once hallowed sector. It must be remembered that both gold(GLD) and silver(SLV) had major moves earlier this year to the $1900 and $50, surpassing overhead resistance and reaching overbought territory. This may be the reason why the decline in precious metal is overextended and extremely oversold. We urged caution back in April for silverand in September for gold. Silver has characteristically corrected close to 50% from its highs, while gold has fallen less than 20%. Pullbacks are normal and restorative in a secular bull market in precious metals especially after explosive moves.

Unless such technical destruction is reflective of an upcoming geopolitical news development, we must look for more mundane causes. When the woods are ablaze, the fire obliterates the sequoias at the same time they incinerate the pines. The recent declines may be the result of a rush to the U.S. dollar (UUP) and treasuries (TLT).

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