Both silver and gold have once again taken a beating this week. I still stand by my conviction that long-term physical holdings should be held, and short-term tradeable metals, stocks, etc. should be traded. The temptation to sell the physical metals at this time is real. The psychological reason is
Kevin Warsh and the committee have decided to hold rates steady. A good decision, in my opinion, considering current conditions. A radical change in policy appears to be in line. The implementation of five task forces to improve systems currently in place should bring benefits to both the FED and
The fundamental picture for silver has worsened in terms of supply, if anything. The three largest traders have massive short positions on silver, so of course they want the price suppressed. The Shanghai premium for real metal is running at present around 11% greater than the western paper price. On
On COMEX (CME Group), there are GOLD call options expiring December 2026 at strike prices of $10,000, $15,000, and $20,000 per ounce. These are deep out-of-the-money. Gold is trading around $4,500, so $15,000 is about 3.3x current price. Open interest numbers (as of the Feb 2026 reports): Each COMEX gold
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