Sector expert Michael Ballanger discusses how shorting silver has affected the precious metals markets. If someone were to ask me my opinion precious metals tape action during the period between Jan. 28 and Feb. 1, 2021, two words would come to mind, with the first being "enlightening," and the second being "engaging." The events of those three trading days enlightened me to just how many new, un...Read More

Polish ferro-silicon producer Huta Laziska is producing standard grade ferro-silicon (Si 75%) at close to full capacity, extending its rate of output from late last year, amid a rally in European prices that started in August, an industry source has told Fastmarkets. Huta Laziska has an annual production capacity of close to 80,000-90,000 tonnes per year of the grade, and made only minor adjustmen...Read More

Seaborne low-grade manganese ore prices dropped for the second consecutive week on Friday February 5 on weakening demand and high Chinese port stocks, which outweighed logistical disruptions. Fastmarkets' manganese ore index 37% Mn, cif Tianjin dropped 6 cents week on week to $4.62 per dry metric tonne unit (dmtu) on February 5. Fastmarkets' manganese ore 44% Mn, cif Tianjin edged up 2 c...Read More

Peter Krauth, editor of Silver Stock Investor, explains why he believes silver's movements this past week were just a small taste of its opening act.TEMPORARILY OUT OF STOCK.That's the message most hopeful physical silver buyers have been getting since the last days of January. Odds are bullion dealers going to have a tough time keeping any silver in stock.Everyone is buying, and no one is selling...Read More

A wild week of trading across asset markets hasleft investors wondering what represents real value – and whether it evenmatters anymore.Stratospheric GameStop shares came crashing back toearth after their gravity-defying run up. The stock had clearly been pumped to ridiculously overvalued levelsbased on all conventional metrics. But that didn’t deter buyers who believedthey could...Read More

The populist movement to punish Wall Street is turning its focus to silver. The markets may finally force more honest price discovery. That would certainly be welcomed by metals investors long frustrated by concerns about price suppression.Silver prices are pushed around by a handful of the world’s largest banks. The captured regulators and the Department of Justice (For the Well Connected)...Read More

Here are five Fastmarkets stories you might have missed on Monday February 8 that are worth another look.European steel association Eurofer is concerned that the EU's Carbon Border Adjustment Mechanism (CBAM) will result in a substantial rise in the costs of steel production, it said on Friday February 5.China's...Read More

When Joe Public buys shares during awave of euphoria, they do it close to a market top or before the beginning of adecline. Looking at you, SLV!Silver rallied on Friday (Jan. 29), goldreversed its direction before the end of the day and so did miners, with thelatter slightly underperforming gold. I wrote this before, and I’ll stress thisonce again today – the above is a perfectly beari...Read More

It is still all about US dollar Meltdown.All the the assets that act as a safehaven from US dollar meltdown are takingtheir turn to hammer the US Dollar.Silver has been lagging assets like gold andBitcoin from a short and long-term perspective. Silver is still way below its1980 all-time high, as well as its 2011 high.When it is the time for silver to run, thenyou should know that trouble is about...Read More

Nearly 6+ months ago, our research team highlighted a unique price range that appears to be repeating itself in Silver.  This price range consists of a $5.40 bullish or bearish price phase.  Using our 100% measured move techniques, we’ve seen silver move higher and lower by this range over the past 10+ months and, quite interestingly, the current sideways price range in Silver is a...Read More

As extreme marketconditions drive tremendous volatility in silver spot prices,buyers are exerting unprecedented pressures on retail physical bullionproducts.Record-setting buyingvolumes pushed the silver price toward a multi-year breakout on Monday. Silverhit an eight-year high of over $30/oz during the day, closing at $29.41.On Tuesday, however, thesilver market got slammed – along with sto...Read More

Here are five Fastmarkets stories you might have missed on Monday February 8 that are worth another look.European steel association Eurofer is concerned that the EU's Carbon Border Adjustment Mechanism (CBAM) will result in a substantial rise in the costs of steel production, it said on Friday February 5.China's...Read More

In our globalized economy, currencypairs have a negative correlation with gold, so how does the current EUR/USDsituation impact the yellow metal?It pays to pay attention to what ishappening in Europe. As is well known, there are many currency pairs in theworld, but the most traded one is the EUR/USD. How does that affect you as agold investor? The equation goes something like this: if the economy...Read More

Spot hot-rolled coil prices in the United States remained stable to begin the week. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $59.24 per hundredweight ($1,184.80 per short ton) on Monday February 8, up by a penny from $59.23 per cwt on Friday February 5 and an increase of 4.7% from $56.56 per cwt one week earlier. Inputs were received across all three sub-i...Read More

Near the end of 2020, my research team identified trends, pullbacks, and overall upward/downward trends in US major markets as well as those for Gold and Silver.  It is time we revisited these early 2021 predictions in relation to what is happening in the markets currently. You can revisit our original publication entitled What To Expect in 2021 Part II – Gold, Silver, and SPY.At the ti...Read More

Domestic prices for steel hot-rolled coil across Europe stabilized at a high level in the week ended Friday February 5, supported by good order books at domestic producers and solid demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?710.00 ($855.36) per tonne on Friday, down by ?,?2.50 per tonne week on week, but up by ?,?43.75 per tonne month...Read More

The CIS export market for steel slab remained quiet in the week to Monday February 8 with no major bookings heard.No offers were heard in the market because mills preferred to invite bids from customers, but such bids were rare because the market lacked clarity."There are no offers because everybody is waiting for the Chinese New Year holiday to end," one trader said, adding that he expected price...Read More

If you're a close observer of the metals market, you know that the price of silver has taken a tumble during the past several days.Elliott wave analysis was a big help in identifying the price turn, which occurred on Jan. 6.Indeed, here's a chart and commentary from the Jan. 6 issue of our Monday-Wednesday-Friday U.S. Short Term Update, an Elliott Wave International publication which provides near...Read More

Here are five Fastmarkets stories you might have missed on Monday February 8 that are worth another look.European steel association Eurofer is concerned that the EU's Carbon Border Adjustment Mechanism (CBAM) will result in a substantial rise in the costs of steel production, it said on Friday February 5.China's...Read More

Peter Krauth, the editor of Gold Resource Investor, traces previous gold bull markets and lays out what he believes is in store for the current one.If we want to make intelligent forecasts and decisions about our future, we need to understand not only where we are today, but also how we got here. So, let's look at previous gold bull markets for some insight on what we might expect from this one.Go...Read More