Ted Butler

3 weeks ago | silverseek.com | Ted Butler |Mike Maharrey

Silver has cracked a key resistance level, and Rich Dad Poor Dad author Robert Kiyosaki called the white metal “the biggest bargain today.” Silver was up 5.3 percent on Monday, the biggest gain in eight months. And on Wednesday, the white metal surged above $36 an ounce in early trading. The last time we saw $36 silver was in 2011, when it was on its way to a record high near $50 an ounce.   Over the last year, $35 has stood as a significant resistance level for silver.

1 month ago | silverseek.com | Mike Maharrey |Ted Butler |Jesse Colombo

Gold and silver are currently consolidating in a healthy manner, which is likely laying the groundwork for their next leg higher. I’m encouraged to see them consolidating in a healthy manner, which I believe is ultimately laying the groundwork for the next leg of the bull market. Precious metals are also finding support from Moody’s recent downgrade of U.S. debt—a sharp reminder that the nation’s fiscal crisis remains far from resolved.

1 month ago | silverseek.com | Ted Butler |Jesse Colombo

Though silver has been quiet lately, it’s important to be aware of the many bullish factors that are setting the stage for a strong move higher. As an analyst and investor who strongly believes in silver’s long-term potential, I often revisit and share key charts to stay grounded in the bullish thesis—and to help others do the same. In periods of frustrating stagnation like we’ve seen recently, it’s easy to lose sight of silver’s powerful setup.

1 month ago | silverseek.com | Ed Steer |Jesse Colombo |Ted Butler

As a silver investor and analyst, I closely track copper because of its strong correlation with and influence on silver. Silver is unique in that it’s both a precious metal and an industrial one, with industrial demand making up about 55% of total usage. This gives silver price behavior that often mirrors copper, a purely industrial metal. Additionally, there are trading algorithms that arbitrage the silver-copper relationship, reinforcing their tight price connection.

1 month ago | silverseek.com | Ted Butler |Jesse Colombo

Both gold and silver are undergoing healthy consolidation phases after their strong rallies, allowing them to reset and work off overbought conditions. It’s time for an updated look at where things stand. Three weeks ago, I suggested that gold may have temporarily peaked after a strong rally, and that a period of sideways movement or a minor pullback would be both healthy and necessary to cool off its overbought condition.