Once again, we look at the silver market.
Gold is hitting new highs as would be expected when currencies are being devalued at the rate that they are, but silver reaching the prices it is, because of previous decades of suppression, is no longer a conspiracy theory.
The silver paper markets and physical markets are bifurcating. The large banks that have shorted the silver market for so long are caught short and, because of the rapidity of the price rise, have not been able to liquidate their positions. It could also be and is probably likely that they expected that the prices would be smashed as they have been in the past.
The difference this time is that there is no metal to support their manipulation. This is why spreads of $11.00 plus have been seen between western paper pricing and eastern physical markets.
Holding physical metal under your control is imperative. The banks, particularly those with large short positions in the silver market, are particularly vulnerable.
I understand that J P Morgan, whilst being one of the largest shorts in the market, used the suppressed prices to accumulate a silver stockpile of around 700,000,000 ounces of physical. They are now long in the market.
We chatted last week about the silver eagles being cheap in the eighty-dollar range. This week, we are quoting those same coins at over one hundred dollars.
I believe that this is just the very beginning of the price discovery of silver. India is trading silver at $132.00 per ounce.
A run in price like this usually has a rest or pull back in price. The only reservation I have to being out of the silver market at this time is the critical shortage of the metal for industrial purposes. Investors and traders pile in when these conditions exist.
PLATINUM
BUY: On the monthly chart (BUY: April 2025) We have a buy on Platinum. The spike high was a worry, but the price is recovering well. No sell indicators.
URANIUM
BUY (02 January 2026) URA.
BITCOIN AND GOLD
Gold outperforms bitcoin (18 December 2025). 20.79 one ounce gold coins buys one bitcoin, this was over 41 ounces almost a year ago. It appears that bitcoin is reversing. I could call a reversal here except that the chart is already overbought. It is worth waiting a while.
ETHUSD: BUY: (01 January 2026) A tricky start, but up about 10% so far this year.
BTCUSD: BUY: 10 January 2026. NASDAQ (Cyan).
GOLD AND SILVER STOCKS
06 November 2025 Gold stocks outperform gold.
Silver outperforms silver stocks (08 December 2025). An early signal. The spike high is a worry but the signals are not giving a sell yet.
GOLD AND SILVER
Silver to Gold Ratio
Silver outperforming Gold. (07 November 2025) Silver is coming out of the ground at about 8:1 and the Gold: Silver ratio is 49.89:1. Silver is still a great buy at this time, even over $90.00 The ratio is falling showing the strength of silver against gold.
GOLD TO USD
Gold outperforms USD, (12 January 2026).
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $4,607.00 | $4,470.00 |
| Silver Price | $89.62 | $78.70 |
| Gold:Silver ratio | 50.11:1 | 57.00 |
| Gold Miners bullish percent index | 96.30 | 92.59 |
| Dollar Index | 99.27 | 98.80 |
| Dow:Gold Ratio (BahaUS 49,127.34.00 Gold price, $4,607.00) | 10.66 | 10.91 |
| Current USA inflation rate (Dept. of Statistics) | 2.6% | 2.7%? |
Gold’s low of the week was $4,511.00, and the high was $4,642.00, now trading at around $4,595.00.
- Gold Monthly: is a HOLD. We bought at $1,800.00 in October 2023. Looking overbought, but it can hold that situation for a while. No sell signal yet.
- Gold Weekly: (HOLD 25 August 2025) Overbought. No sell signals yet.
- Gold Daily: (HOLD: 12 November 2025). The indicators are holding.
The low for Silver this week was $79.56 and the high $93.54 trading around $88.65 at present.
- Silver Monthly: Hold. (Buy: $24.00 March 2024). Looking overbought. No sell signal yet.
- Silver Weekly: (HOLD: 25 August 2025). Overbought but still positive indicators.
- Silver Daily: BUY (12 January 2026).
Our partner has stock of both gold, silver and Goldbacks in our vaults available in Panama. Please contact us for more information.
A video by Mike Adams on the Goldbacks.
Well worth a look!
On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only
An interview with Josh, owner of Scottsdale Mint:
Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured location outside of your jurisdiction.
If you are interested in an overview of Fort Kobbe, you may want to have a look at this video: Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview
This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions, I recommend that you consult with your professional financial advisor.
RECENT COMMENTS