HighGrade_Research

Silver at $61. Six-month low. Down 21% in a month. The cause is simple: the Fed. Rate hikes back on the table. Dollar surging. Every asset that pays no yield is getting sold — gold, silver, even Bitcoin. This isn’t a silver story. It’s a rates story. What hasn’t changed: 6th straight year of physical deficit. China importing record tonnage. COMEX inventory at historic lows. JP Morgan still modeling $81 average for 2026. Rates move the price now. Supply moves it later. The question isn’t whether the deficit matters. It’s whether you’re still holding when the Fed stops being the only thing the market looks at. 🥈⚡

Silver at $64. The question everyone’s asking: Bottom — or further to fall? The bear case: Fed turning hawkish. Rate hikes on the table. Dollar strong. $68 support already broken. Next stop could be $50. The bull case: 6-year deficit. China importing record tonnage. COMEX inventory draining. India demand +33%. None of it reversed this week. Here’s the truth nobody wants to hear: Short term, the Fed wins. Rates crush sentiment. Long term, the math wins. You can’t print silver. So the real question isn’t “up or down.” It’s: are you trading the week — or the decade? 🥈⚡

Silver just had its worst week in months. Down 5%. Below $65. The reason everyone gives: the Fed turned hawkish. That’s it. That’s the whole story. One central bank meeting. Here’s what didn’t change this week: 6th straight year of physical deficit. China importing record tonnage. COMEX registered inventory draining to historic lows. India demand up 33%. The Fed can move the price. It can’t print an ounce of silver. Rates are a headwind. Deficits are a freight train. One of them runs out of road. 🥈⚡

Gold prices are down but SocGen is buying the dip (Kitco News) - The Federal Reserve’s new tightening bias continues to take its toll on the #gold market, with a growing number of analysts expecting prices to retest support near $4,000 an ounce. However, one bank has a simple suggestion for investors: “buy the dip.” Heading into the third quarter, market strategists at Société Générale @SocieteGenerale updated their Multi-Asset Portfolio and recommended that investors remain long equities and commodities, as they expect central banks to remain behind the inflation curve. They said that, in this environment, investors need inflation protection... Full story at Kitco: kitco.com/news/article/2…

Silver just lost the $68 floor. Everyone who called it support is panicking. I’m watching $50. Here’s why that’s not bad news: 6-year deficit. China importing record tonnage. COMEX inventory draining. India demand +33%. None of that changed this week. One hawkish Fed meeting did. If silver tests $50, that’s not the bull market dying. That’s the last great entry before the structural deficit takes over. The lower it goes, the louder I get. 🥈⚡

Everyone watches China. Nobody watches India. Indian physical silver investment surged 33% in 2025. India consumes more than 2x what China does — with no sign of slowing in 2026. Two billion people. A cultural habit of buying physical metal. A price they see as a discount. The West sells paper silver. The East buys the real thing. Guess who ends up holding the metal. 🥈🇮🇳⚡

COMEX registered silver just fell to 86 million ounces. A 31% drop in months. The thinnest delivery buffer in exchange history. In October 2025, unencumbered silver in LBMA vaults hit a record low of 17% — and lease rates spiked. The paper market is running on fumes. When registered inventory drains and lease rates climb, paper price and physical reality split. You’re watching it happen in real time. 🥈⚡

World central banks are incredibly bullish on gold: 45% of central banks said they plan to buy gold over the next 12 months, the highest reading on record, according to the World Gold Council survey of 74 central banks. This percentage has more than doubled since 2020 and marks the 3rd consecutive annual increase. Emerging market and developing economy central banks led the increase, with a record ~53% of this group planning to add gold, up from 48% last year. Overall, 89% of central banks expect global gold reserves to increase over the next 12 months, the 2nd-highest reading on record. Central banks are buying the gold dip.

The Shanghai Futures Exchange nearly defaulted on its March silver delivery. Inventories were so depleted they hiked margin requirements to 22% and went on a buying spree. Read that again. A national exchange almost couldn’t deliver physical silver. This window may be the last chance to buy silver in double digits before it runs past $100. The paper market is running out of metal. The math always wins. 🥈⚡

China imported 836 tonnes of silver in a single month. That’s +173% above the 10-year seasonal average. Q1 2026: 1,626 tonnes. The highest first quarter on record. China went from net exporter to the biggest importer on earth — overnight. Strong physical demand and a falling price can coexist. Chinese buying sets the floor — not the headline. While Twitter panics about $70 silver, China is hoovering up every ounce it can find. Follow the metal. Not the noise. 🥈🇨🇳⚡

More central banks than ever expect to increase their gold reserves, a sign one of the key forces behind bullion’s record-breaking rally remains intact despite this year’s pullback bloomberg.com/news/articles/…

Record 45% of central banks plan to increase gold holdings, WGC survey finds (Kitco News) - Central bank demand has been a solid pillar of support for the #gold market as prices pushed to all-time highs at the start of the year. According to the latest report from the World @GOLDCOUNCIL, official-sector demand is expected to remain robust for the foreseeable future. The WGC 2026 Central Bank Gold Reserves Survey, published Tuesday, showed that 89% of reserve managers expect global central bank gold holdings to increase over the next 12 months, while a record 45% expect their own institutions to add to their reserves. ...

Silver bounced off $68 three times now. Three times the market tried to break it. Three times it failed. $68 isn’t just support. It’s the line where physical buyers step in and paper sellers run out. Below $68 the math breaks for every miner on earth. The market knows it. That’s why it keeps holding. 🥈⚡

Silver hit $121 in February. It’s at $70 today. Same deficit. Same China export ban. Same Goldman $100 target. Same nuclear demand. Same solar demand. The only thing that changed? The price. That’s not a bear market. That’s a sale. 🥈⚡

JUST IN 🇺🇸: The National Bank of Georgia just bought $100M in physical gold. Total reserves hit an all-time high of $7 billion. Gold is now 15.5% of their reserves. This isn't a big country. That's the point. Even small nations are ditching dollars for real money. Central banks aren't waiting around. 🏦 #Gold #CentralBanks #PreciousMetals

Gold, silver selloff may be a ‘gift’, but investors should wait for confirmation before buying, says MarketGauge’s Schneider (Kitco News) - Both #gold and #silver have seen a solid start to the week as optimism over a potential peace deal in the Middle East eases some inflation fears. However, the drop from their session highs is a reminder that investors should be careful about chasing what has become a volatile market. One analyst notes that the drop in gold and silver represents a great long-term buying opportunity; however, investors should wait for technical confirmation before re-entering the market. The sharp correction in gold prices could present a compelling buying opportunity, but investors should resist the urge to bottom-pick and instead wait for technical confirmation before re-entering the market, according to Michele Schneider @marketminute , Chief Market Strategist at MarketGauge. ...

Silver just broke below every major moving average. 50-DMA. 100-DMA. 200-DMA. All three. At once. The last time silver was this oversold on RSI with a 6-year structural deficit? It didn’t stay there long. $68 is the floor. The coil is tightening. Bears are loud right now. They were loud at $30 too. 🥈⚡

National Bank of Georgia buys $100 million in physical gold (Kitco News) - Central bank demand has provided key support for gold throughout its unprecedented rally, and while official purchases have slowed in recent months as nations contend with growing inflationary pressures and a global energy crisis, demand has not disappeared. Not only are some central banks, such as China's, tactically buying gold as prices have corrected since March, but new players continue to enter the market. On Wednesday, the National Bank of Georgia (NBG) announced that it had purchased $100 million worth of physical gold. ... >> Full article at Kitco: kitco.com/news/article/2…

GOLD began its move…finally. Over &100 in a day. Did you catch the move? If you did not. Do not worry. The ascent of gold has just begun. Today gold is at $4300 an ounce. I am confident it will be $35,000 an ounce by 2035. Nice dates and numbers that start and end with 35. Unfortunately Cash is trash and savers of cash will be big losers. Don’t be a loser. Take some cash and buy gold, silver, Bitcoin, Ethereum, or oil. That’s what I have been doing for years. Taking fake money (cash) and saving real money. I dot not like being a loser. J do not want you to be a loser. Take care.

Silver has fallen more than twice as fast as gold over the past 30 days. The Gold/Silver ratio now sits at 63 — up 8 points in a month.  Every single time this ratio spiked above 63 — silver outperformed gold on the way back down. 1991.2003.2009.2020. The ratio doesn’t lie. The Iran peace deal just removed the last macro headwind.  Silver is the trade right now. Not gold. 🥈⚡