We could be on the verge of the "mother of all short covering rallies" for #SILVER
Managed Money is now over $1 Billion net short in notional value
CAN YOU DIG IT!!!!!
Silver American Eagle 1 oz Coin Alert
The US Mint sold a total of ZERO Silver American Eagle 1 oz Coins for the month of May 2026
If you are buying from a dealer and paying more than $5 an ounce over spot for a silver eagle coin, you need to shop around or change your dealer.
I have seen many big online dealers selling silver eagle coins at $7 to $15 over spot per ounce and buying back at $5 to $9 under spot per ounce. The spreads on these products are not inviting the public to want to buy or own them. The sales reported by the US Mint may be a symptom of what I have been warning about for months.
the sales numbers are based on Authorized participants purchasing directly from the US Mint. I believe the AP cost of the Eagles are $3.05 over spot per ounce. These are the bullion coins sold by dealers or LCS. The $169 coins are uncirculated but not a big source of public demand.
Nearly all big online precious metal dealers do not pay any premium for your silver. They are not even paying Comex prices when you sell back. In fact, most are sold at enormous discounts to the Comex price when consumers want to sell. Sad- Not all dealers are this way-
@PaavelPetr18043@silvertrade Have taken the time to build the right relationships and also treat people (vendors and customers) with the respect and care.
Many dealers and promoters purposely mislead investors and their customers. They point to the $10 premium in silver at the Shanghai Gold Exchange vs the Comex pricing in New York. Saying that should be the actual price for silver.....
Then go on to charge overpriced premiums on their products.
Well here is the reality to their marketing. Nearly all big online precious metal dealers are not paying any premium for your silver. They are not even paying Comex prices when you sell back. In fact most are at enormous discounts to the Comex price when consumers want to sell back to them.
So when comparing silver to the Shanghai Gold Exchange price, many precious metals dealers are paying $20 to $30 under for customer's silver.
Is that how you treat money or just another commodity?
@PaavelPetr18043@silvertrade That is unfortunate. However, that is not the case in the USA. Good delivery bars are liquid and marketable. We take in good delivery metal from clients all the time. And they do not incur a massive discount when liquidating.
great comments. We have to do a podcast together sometime. you are correct, not all dealers are the same. Many older dealers are getting out, and the model of "online volume dealers" has disrupted the industry's business models and spreads.
I see a growing risk to this industry on many fronts.
@RawBooty2 I have seen this with Rhodium for example. many wholesalers would not buy more than 10 or 20 ozs at a time and the spread was as much as $1000.
Central banks around the world bought 17t of gold in April. This map shows the significant buyers and sellers, but Senior Research Lead, Marissa Salim has more detail in her latest blog on Goldhub.
what many fail to understand is that without the Comex or a futures market, hedging inventory and other materials would be much more expensive or spreads would be much wider. The dealers that call out the Comex probably use it directly or indirectly to hedge their physical inventory
STUNNING INCREASE IN U.S. POSTAL RATES NEXT YEAR: Interesting Postal Rate & U.S. Oil Production Chart
I believe the cost of the Postal Service is directly tied to U.S. oil production over the past 100 years
VIDEO: https://t.co/mwz8xLjurE
Gold replaces US Treasuries as world’s top reserve asset, ECB says
Gold has overtaken US government bonds as the world’s top reserve asset following years of relentless buying by central banks and a historic rally that has seen prices nearly double over the past two years.
Bullion accounted for 27 per cent of all global central bank reserve assets at the end of 2025, up from 20 per cent a year earlier, according to a report published on Tuesday by the European Central Bank. US Treasuries fell to 22 per cent from 25 per cent over the same period.
But gold’s surge past US Treasuries — traditionally the bedrock of international dollar reserve holdings — is also the result of its spectacular price gains in recent years. The metal hit a high of more than $5,500 a troy ounce in January.
Dollar-denominated assets as a whole still make up the biggest chunk of reserves at 42 per cent, the ECB data showed. (FT)
@KarelMercx@glennmariano This is incorrect. I have explained for years the disadvantages and dilution mechanism in place that makes this product inferior.
Will have to do another post. Or you can search my past posts . Have done interviews and spaces on this topic as well.