Silver Market Coming Under Orchestrated Attack

By: Clive_Maund
Much of what is written in the parallel Gold Market update applies equally to silver, and it will not be repeated here. So we will proceed to look immediately at the latest silver charts.
Silver was a sideshow on Friday, as it was gold that came under an orchestrated attack, being driven down first in the Far East before waves of selling in New York took it lower and lower towards critical support, before it was dealt the knockout blow by the London physical market suddenly freezing up in the afternoon, sending holders of bullion into a blind panic and mad scramble to protect themselves in the futures market.
Silver was sideswiped of course and the collateral damage it suffered resulted in it breaking below a remarkably clearly defined and strong support level by the close, as we can see on its 3-year chart, a development which has set it up for a potentially brutal selloff and vertical plunge next week, as this has and will trigger stops clustered in this area, and we can expect hapless traders to be driven towards the exits by margin calls sent out over the weekend.
http://www.marketoracle.co.uk/Article39951.html
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver Market: China Silver Demand Increases as the Euro Continues its Downfall

Silver will be in high demand in the future. The future of silver looks promising. Many industry insiders understand that silver has the highest electrical and thermal conductivity of any metal that currently exists. As we already know, silver has the potential to store more power in a small amount of space that any other metal that is in existence. Electrical connections that involve silver have the capacity to ignite power needed at a rapid speed. Industries that produce cell phones, computers and other devices for the average consumer use silver. With the popularity of iPhones, iPads and other devices produced by such corporations as Apple Computers will only increase in demand. Solar energy is another industry that silver can accommodate. The list is endless, especially in countries where manufacturing plants produce electronics that use silver such as China. In the web based daily news site chinadaily.com explained why silver is an important commodity in article from 2012 titled ‘China claims biggest global silver market’ by Wu Yiyao. China is the biggest economy in the world in terms of manufacturing. Yiyao reported that “The Washington-based Silver Institute said total silver demand in China increased by more than 100 million ounces, or Moz, in the past 10 years, to a record of 170.7 Moz in 2011.” One of the main reasons China will be an economic powerhouse for the next 100 years is because of its manufacturing base. Yiyao writes:
http://www.globalresearch.ca/buoyant-silver-market-chinas-silver-demand-increases-as-the-euro-continues-its-downfall/5329357

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Demand for Silver products is soaring, but prices are dropping

Demand for Silver products is soaring, but prices are dropping, some buyers say they're having a tough time buying silver coins and bullion of late - as if there's a real shortage unfolding. This has ignited all sorts of conspiracy theories, and a lot of worry, too. For several weeks now, it has been difficult to purchase physical silver at any of the nation's coin shows, and most dealers have a very small supply - if they have any inventory at all. What little silver they can purchase, they tell me, goes out the door quickly as buyers snap it up. Yet the market price of silver remains below $29 to $30 an ounce. Recent reports note that Russia has made a hefty purchase in excess of 25 tons of silver.



MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver Demand, Is the world really running out of Silver ?

An interesting look into silver's history as money along with the current supply vs demand numbers. Topics in this video include: The four attributes that made silver so valuable to early civilizations: 1) Malleability 2) Aesthetics 3) Antibacterial 4) Rarity

Supply and Demand - Traditional Silver Uses:
1) Jewelry 2) Coins, medals 3) Silverware

Industrial Silver Uses:
1) Photography 2) Electrical 3) Soldering 4) Ethylene Oxide 5) Photovoltaic Cells

Silver Demand by Country:
These five countries make up over 60% of global silver demand
1) United States 2) Germany 3) India 4) China 5) Japan

Silver is Supplied from 3 Main Sources
1) Recycling 2) Net Gov't Sales 3) Mine Production

Silver Thursday
It all started in the late 1970s when the Hunt Brothers attempted to corner the silver market. The COMEX implemented new rules that heavily restricted the purchase of commodities on margin and the price plummeted. To avoid the crash of several Wall Street banks, a number of banks bailed out the Hunts with a $1.1 billion loan.

Majority of Global Silver Production has been consumed
Some estimates say up to 95% of total supply has been consumed and thrown into a landfill.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Why are Silver Prices Falling?

Especially with the white-hot demand for coins

It's one of the biggest mysteries in finance right now.

I mean, it's a real head-scratcher

...
On one hand, demand for silver coins has been off the charts. With so many investors wanting to swap currency for silver, neither the U.S. Mint nor the Royal Canadian Mint has been able to keep up with purchase requests.

In fact, the U.S. Mint actually had to suspend sales of the "Silver Eagles" just a couple of weeks into the New Year - and it still smashed the all-time monthly sales record in January by selling 7.5 million of the hugely popular coins.

And that insane demand carried over into February and March.

After the first two months of 2013, the U.S. Mint had sold nearly 10.9 million American Silver Eagles (ASEs) - a third of its sales total for all of 2012. And on March 18 - the Monday that followed the weekend news about the Cyprus bank-deposit-confiscation plan - the Mint reported a stunning sales total of 638,500 of the silver coins ... for just one day.

But here's the kicker. Despite this frenetic buying, spot silver prices have actually fallen since the start of the year - a conundrum that's ignited fears of a silver shortage and investor allegations of market manipulation by Wall Street.

With this scorching demand for silver coins - and reported shortages of silver-based investments - how is it possible for the metal price to be falling?

One reader, after experiencing this frustration firsthand, recently sent us this query:

For several weeks now, it has been difficult to purchase physical silver at any of the nation's coin shows, and most dealers have a very small supply - if they have any inventory at all. What little silver they can purchase, they tell me, goes out the door quickly as buyers snap it up. Yet the market price of silver remains below $29 to $30 an ounce.


Recent reports note that Russia has made a hefty purchase in excess of 25 tons of silver. Has that affected U.S. supplies? What's the overall outlook? We'd be grateful to hear your take on this. Most of the folks we ask seem baffled, too. - C.C.

Read more at http://www.stockhouse.com/columnists/2013/april/3/why-are-silver-prices-falling-.aspx#jZBDbkAxG91K66J3.99




MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet