SBUG News and Press, iPath Silver ETN

Summary USGS report shows that global silver reserves and silver production increased. Largest silver reserve increase has been reported from China. Mexico is still the leader in silver production. Each year, the U.S. Geological Survey publishes a report on world...

Summary At the close of 2022, Comex gold prices were down just $2.50. Yes, you read that right. On the year, gold was down $2.50 or about 0.13%. The late 2022 rally that drove gold and silver back into the green on the year is very likely the result of a "market" that did finally learn ...

Summary Expectations surrounding central bank policy, China’s gradual reopening and a lower US dollar are key to investor sentiment in the final stretch of 2022. Central banks have increased interest rates at the fastest rate on record, and there are signs that higher yields are ...

Summary This market action has led to the fourth Spec short squeeze in as many months in COMEX gold and silver. The near-the-money calls have far more open interest than puts. COMEX gold has successfully reversed the breakdown out of its 2-year range between $1,700 and $2,000....

Summary CPI numbers that are higher than expected will keep rate hikes front and center, whereas lower results than forecast would be supportive of even higher prices in metals and miners. The momentum displayed by the MACD is very bullish, but the RSI is close to being overbought...

Summary Rising and positive real yields continue to be a major headwind for gold over the short term. However, this move in higher real yields is likely only temporary. From a technical, positioning and sentiment standpoint, we appear to be nearing an excellent long-term contraria...

Summary The gold market enters trading for the month of November on a losing streak. The primary fundamental impediment to higher metals prices is the lack of any respite from Federal Reserve rate hikes. Over time, gold prices respond inversely to the cumulative destruction of...

Summary Swaps increased net shorts over the month which helped drive total net positioning slightly higher. There has never been a downward move like the recent one. The Fed might be dialing back the hawkish talk this week which could be the soft pivot that marks a bottom in t...

Summary India is almost in the middle of its annual festive season, when demand for gold and silver peaks. Global bullion prices currently range about $1,700 an ounce, with a net drop of around 8% in dollar terms in CY2022. Indian gold rates are influenced mainly by US interes...

Summary Due to the Fed's rate hike regime, the Dollar Index has been rallying since the summer of 2021. A drop below the 50-day and then 110 would signal that the uptrend has been broken. One should expect the U.S. Dollar Index to anticipate the eventual Fed policy reversal an...