Not The Week We Had Hoped

Last week ended with Comex Digital Silver breaking out of its 4-year price range and moving above $31/ounce. Though the early week showed signs of promise, strong price capping and a deliberately-timed margin hike have served to forestall any advance and restrain price.

In the end, it is what it is and, frankly, should not have come as any surprise. This is Comex silver, after all. The same "metal" that has traded below $30 for the past 12 years. To think that it would now suddenly advance forward and make up for lost time is somewhat foolhardy.

Quite literally, you'd...

About the Author

Founder
tfmetalsreport [at] gmail [dot] com ()

37 Comments on Not The Week We Had Hoped

Subscribe or login to read all comments.

Support TFMR

Donate Buy Silver

Access Subscriber Benefits

Listen to TFMR on the go in your favorite podcast app, and join our member-only forum discussions!

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts
11/19 12:25 ET Goon Ghoulsbee
11/20 11:00 ET Goon Cook
11/20 12:15 ET Goon Bowman
11/21 8:30 ET Jobless Claims
11/21 8:30 ET Philly Fed
11/21 10:00 ET Home Sales
11/21 10:00 ET LEIII
11/22 9:45 ET S&P flash PMIs
11/22 10:00 ET UMich final

Recent Comments

by NUKE_EM2, 35 min 1 sec ago
by KeynesianKryptonite, Nov 23, 2024 - 8:34pm
by Montross515, Nov 23, 2024 - 8:16pm
randomness