The price of silver dropped a dollar, or over 4% on Wednesday. Some voices in the precious metals press want you to think that there is only one conceivable cause. We should coin a term for this form of logical fallacy: argumentum ad ignorantia. This is an argument of the form: “the cause must be […]
Since last week’s Report, the price action has been downwards. The price of gold dropped about $50, and that of silver $1.35. The gold-silver ratio rose to its highest level since the end of 2020. Technical chartists are either throwing in the towel, or tearing their hair out. We advise against tearing one’s hair […]
Yesterday, the price of silver spiked about 10%. We wrote that it was driven by: “…buying of physical metal.” And we added: “This is a pretty good signal that a bull market may be returning to silver. Let’s watch the basis and price action closely and see how it develops, before we join the pack…” […]
