Summary
- A new wave of silver stackers is organizing a coordinated bullion-buying event on Monday, reminiscent of the 2021-2022 silver squeeze.
- A high-net-worth tech entrepreneur emerged on Twitter, claiming to have pulled 12.69 million ounces of silver from COMEX over four months.
- This investor previously held SLV ETF shares but transitioned to physical silver bullion to mitigate counterparty risks.
- His background and financial history suggest he has invested approximately $400 million in industrial-sized silver bullion bars.
- The trend of ultra-high-net-worth investors allocating more capital to physical bullion appears to be growing.
- Precious metals prices rose this week, with silver closing above $34/oz and gold reaching a new high of $3,082.57/oz.
- Analysts note that silver historically outperforms gold after sector corrections, with $35/oz as a key resistance level.
- The local silver price in New Zealand is nearing all-time highs, while Switzerland’s silver price remains well below its 1980 peak.
- Chinese life insurance firms joining the Shanghai Gold Exchange signal increasing institutional demand for gold.
- Market trends indicate that silver may significantly outperform stocks in the coming years, potentially offering 10-20 times greater purchasing power.
A funny thing happened this week for me on Twitter X, and to preface all this.
You can be sure, I did enough research and fact checking to suggest it is unlikely that what I am about to tell you is but a mere hoax.
There has been a growing chorus of rag tag bullion stackers calling for more silver squeeze raids akin to the kinds we grew accustomed to seeing during the original 2021 - 2022 silver squeeze phenomenon.
But this new crew looking to buy bullion this coming Monday as a show of community solidarity in stacking, has brought some updated relevant fire memes of course.
But last evening in my engagement with many who I have known and am cordial with.
Out of the twitter X response ether came an apparent high net worth tech entrepreneur who self identified as a rather large 1,000 oz silver bullion bar COMEX pulling whale.
This picture is but one installment of what he described as a recent four month duration of pulling some 12.69 million ounces of silver from the COMEX. So 20X's the recent pull you see photographed here.
The man even explicitly admitted that he originally made the mistake of being long the world's largest highly questionable unsecured ETF called SLV, but thanks to learning from many online he has since come to the conclusion that pulling his silver bullion haul from counter-party risks associated with ETFs and other counter-parties made longer term sense.
His name and 1st generation wealth creation headlines and facts check out and jive with someone who has decided to go long to the tune of about $400 million in industrial sized silver bullion bars.
His twitter X timeline also does too, it reads of a normal tech likely to be billionaire in not too long from now.
Judging by USA inflows of COMEX gold and silver over the last few months. Certainly he is not alone, of course most would and will likely keep this kind of aggressive bullion positioning private.
I have long suggested these days were coming.
On this SD Bullion youtube channel 4 years ago on March 17, 2021 in a video entitled "What it Takes to be a Silver Bullion Whale".
I will leave a link to that 17 minute video below in the show notes and comments section.
Q1 2021 VIDEO: What it Takes to be a Silver Bullion Whale https://youtu.be/gPkMl1TFLiU?si=BsV3LW5L2thsLj8y
The same trend suggestions in that video then still apply but perhaps even more so today with the stock market bubble beginning to tank and rollover.
I expect the current and ongoing UHNW investor class and Family Office investment allocations to bullion and precious metals to keep growing over time as we proceed in this global bullion bull.
Turning back and looking forward to next week with next Wednesday's April 2nd Trump Tariff headlines ongoing.
Let's hear from the Commander and Chief first.
Now let's hear from Max Layton, Citi global head of commodities who went on CNBC in the USA to start the week, and then CNBC TV18 in India mid-week with the following commentaries on gold and silver.
Yea I know my fellow silver bullion bulls, Max Layton ended with not the most short or medium term spot GSR falling soon call.
But stick around on the other side of this break. We are going to examine further historical contexts for when silver often outperforms gold to get a better sense of when this phenomenon again returns.
And myriad other interesting precious metals charts, data, and bullion industry new flows from this week.
The silver gold markets were up on the week's trading.
The spot silver price inched higher to close over $34 oz bid with bulls eyes looking up at $35 oz resistance next week.
The spot gold price hit another nominal high price close on a daily and weekly level today with spot gold at $3,082.57 oz bid.
The spot Gold Silver Ratio climbed on gold's relative strength versus silver this week to close at 90.
Gold Silver mining analyst Jordan Roy-Bryne posted an excellent chart this week revolving around the spot Gold Silver Ratio and how it has typically tightened over the past near 55 year full fiat currency era. I'm going to read from his tweet post and backlink it in the show notes if you want to examine it further: https://x.com/TheDailyGold/status/1905006016175185950
History ultimately argues that Silver would be in a position to outperform Gold after the next sector correction, which entails Gold testing its 200-day moving average.
As for Silver in nominal terms, the significance of $50/oz is obvious.
In the meantime, mind the action around $35/oz, the stiffest resistance on the way to $50/oz.
A monthly close above $35.52 would mark a 14-year high and exceed the monthly high from 1980.
Back to another ongoing real time example of how gold leads, and silver eventually follows.
The local price for silver in New Zealand is about to break its 2011 nominal price high levels now near $60 oz in fiat New Zealand dollars.
If from here onward silver in New Zealand simply matches the gold cup price breakout to date on a percentage gain basis, that calls for silver priced at $150 oz in New Zealand in the silver bullion bull market future.
And yet to show you how early we still are again, on the other side of the world in Switzerland the local silver price still has to be 2.5 multiple in nominal terms just to match its 1980 nominal price high in then much stronger fiat Swiss pounds at the time.
As you can see even in Switzerland gold has broken out with a fury the last year and a quarter running higher.
Chinese life insurance companies have become new members of the Shanghai Gold Exchange.
TD's Daniel Ghali had bullish commentary on the developing Chinese gold bid to come from such large pools of capital.
Finally to close I want to flash a few troubling long term charts for stock bubble bulls.
The first is the Dow buckling to gold this week using long term technical lines to see the recent trend change gold beating large cap stocks.
The next is the US S&P 500 / gold price which shows major breakage and bleeding downward in a trend warning that gold is preparing to revalue sharply higher versus the large publicly traded US Stock index.
This week, I went on the SilverSeek channel and had a bit of commentary on this important development.
And finally fellow silver bulls, I am not sure how much longer this will take, but when the inevitable outperformance of silver versus large publicly traded US Stocks begins cascading from this ridiculous bubble cliff. Those that own silver bullion for the long haul are going to eventually be able to buy way more shares in the USA's still most retail used asset market outside of the homes they live and reside in.
The coming silver over stock market outperformance from here to the eventual mania phase suggests 10 to 20 times potential US stock market purchasing power is in the years and decades unfolding.
In the meantime, London remains under silver importation pressure, and market tightness continues ratcheting tighter with wide $1 oz arbitrage opportunities to attract silver stateside away from London's warehouses.
There will be more high net worth US silver whales pulling large bullion positions ahead.
That will be all for our weekly SD Bullion Market Update.
And, as always, to you out there.
Take great care of yourselves and those you love.
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