24 Hour Spot Silver (Bid)- Source: www.kitco.com

Spot silver price sky rocketed up vertically after the PPI news release. The Produce Price Index for finished goods rose 0.5 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods fell 0.7 percent in April and 0.6 percent in March.

What Japan Means for Gold? [CNBC Video THU 13 JUN 13 | 01:05 PM ET]

"Japan jolts gold. What's the outlook for the precious metal, with Andrew Busch, The Busch Update, CNBC's Jackie DeAngelis and the Futures Now Traders."

"Billionaire John Paulson has no intention of closing down his gold fund" -June 11 (Bloomberg)

--Billionaire John Paulson, the hedge-fund manager trying to recover from losses related to bullion this year, posted a 13 percent decline in his Gold Fund last month, according to a letter to investors. Su Keenan reports on Bloomberg Television's "Bottom Line" (Source: June 11 Bloomberg)

Commitment of Traders report (COT)- Trader Dan Norcini's thoughts

Forget all the claptrap analysis about Commitment of Traders report, hedge fund short positions, big banks long positions in gold, etc. NOTHING MATTERS right now except liquidity." Trader Dan

Source: http://traderdannorcini.blogspot.sg/2013/06/japanese-yen-carry-trade-continues-to.html#comment-form

June 10 (Bloomberg) -- Integrated Brokerage Head of Precious Metals Trader Frank McGhee discusses the price of gold with Alix Steel on Bloomberg Television’s "Lunch Money." (Source: Bloomberg)

"Gold under $1100/ounce,......and silver under the $17-18/ounce level."

June 10 (Bloomberg) -- Su Keenan recaps today's top commodity stories. She speaks on Bloomberg Television's "Bottom Line."

Copper Prices Sink to a 5-Year Low

Silver in bear market, but we welcome this correction before the next leg up!

Silver tumbled into a bear market in April and is now about 56 percent below the record $49.80 reached in April 2011. This year's plunge in silver exceeds the 17 percent drop in gold, which is poised for its first annual decline since 2000.

Tech Speaking with Jim Wyckoff: Emerging Currencies Bullish for Gold? - June 12, 2013

Source:
http://www.kitco.com/news/video/show/Technically-Speaking/334/2013-06-12/Tech-Speaking-Emerging-Currencies-Bullish-for-Gold---June-12-2013

Jeffrey Christian, head of CPM Group, discusses Gold and Silver with Kerry Lutz [http://www.FinancialSurvivalNetwork.com]

Value to Find in Silver ETFs? [TheStreetTV- PureFunds co-founder Andrew Chanin tells TheStreet's Joe Deaux.]

Silver Cycles: What Next? [Posted by Deviant Investor on June 10th, 2013 on www.deviantinvestor.com/]

Background

Silver prices peaked in April 2011 and dropped about 60% over the next 25 months. Sentiment by almost any measure is currently terrible. Few are interested in silver; most have lost money (on paper) if they bought in the last two and one half years, and the emotional pains seems considerable. It reminds me of the years after the NASDAQ crash in 2000.

So will silver drop under $15 or rally back above $50?

To help answer that question, I examined the chart of silver for the last 25 years and identified several long-term cycles. Then I constructed a spreadsheet that attempted to model the price of weekly silver based on those cycles and a few assumptions.

For FULL ARTICLE

Public opinion- Silver

"Public opinion towards silver is at very low reading and that must be interpreted as bullish." www.sentimenTrader.com

Silver Market Update [originally published June 10th, 2013 by Clive Maund on clivemaund.com]

Clive Maund's latest update on silver is as follows:
"While silver is on the defensive short-term there is plenty of evidence that over the medium and longer-term it is setting up for a powerful rally. COT's and sentiment are already very bullish indeed, which means that when the turn does come, the rally is likely to be accentuated by panic short covering.
On its 6-month chart we can see how silver is being pressured lower by its falling 50-day moving average coming into play overhead, although the increasingly large gap between the 50 and 200-day moving averages is indicative of an oversold state that increasingly calls for reversal. Volume is still predominantly negative, suggesting lower prices dead ahead. After that we can expect reversal. There was a pronounced bull hammer in silver in the middle of May towards the intraday low of which there is quite strong support- silver may drop no longer than the low of this hammer."

Read the FULL ARTICLE

Gold/Silver ratio monthly chart---trend is down!

After analysing the Gold/Silver ratio monthly chart, it is clear to anybody that the trend is down during this secular gold and silver bull market, notwithstanding it is recently up (past 2 years) within the down trend. If my thesis is correct, it is my opinion that silver will do much better than gold in percentage points term during the next phase of the bull market. To give some perspective, if gold indeed reaches a target of between $3500-$5000/ounce mark at the end of this bull market, with a gold/silver ratio of 15, silver will be trading around $230-$330/ounce mark. That's an approx. 150%-260% upside in gold from current levels and approx. 940%-1390% upside in silver! Silver clearly outperforming gold!

Eric sprott.."I personally believe that gold has hit it's bottom,...classic sign of a bottom" [speaking with Patrick MontesDeOca]

CPI ADJUSTED SILVER PRICE

Silver is still below both the 1980 nominal high of $50.00/ounce and the CPI inflation adjusted price of 1980 which is equal to $125.74/ounce.

Chart source: http://www.sharelynx.com/chartstemp/FreeGoldSilverCPI.php

60% silver correction. Would this then be the low?

Using 49.80 as the high and 19.40 as the low, that would be a 61% correction in silver. This correction then would be approximately the same depth (60.5%) as the 2008 remarkable drop. So 19.40 should provide a stout support with many traders and investors stepping in at this price. Could it go lower than this? Given the suspicious price discovery mechanism at the COMEX, I have no doubts that it could, but surely the strong physical demand from China and major central banks of the world will put a floor or limit the downside? We have to wait and see.

The other possibility is, we don't see below 20.00 and we see a turn around from here. Time will tell.

Silver & Gold - The BIG Picture - Mike Maloney

"By the way we did a study on the true price of silver coming out of the ground. It is about $20 per ounce. It varies mine to mine but that is a good all in cost for now. Mid year 2013." silver-investor.com [David Morgan]

The Macro View: Gold for the long run [DarienTimes.com; By James Rickards on May 25, 2013]

James Rickards is a hedge fund manager in New York City and the author of “Currency Wars: The Making of the Next Global Crisis” from Portfolio/Penguin

This article as it was for me, will be for you, provide some comfort if you have invested in gold and silver during the down cycle of the past two years...

Please click on the link provided below:

http://www.darientimes.com/20199/the-macro-view-gold-for-the-long-run/

Trading and/or Investing in silver

If you did your homework and came to the conclusion that gold bull market is not over yet, and will continue to appreciate against the currencies it is measured, then silver is a leveraged way to play gold. This is because throughout history, silver follows the direction and outperforms gold in percentage terms on the way up. The downside is, it has an equal effect on the way down. It is widely referred to as gold on steroids, so trade and invest carefully!
Another thing to note is the gold to silver ratio. Currently 1 oz of gold is equal to 62 oz of silver. People that have studied history will know that this ratio will eventually need to return to 15. Ie 1 oz of gold is equal to 15 oz of silver. Silver has a lot of catching up to do and is undervalued when priced against gold given the historical ratio and deserving some thought when choosing between gold or silver.