Fidelity Coins

10/12/2026

Building Wealth Takes a Lifetime. Preserving Its Purchasing Power Takes a Strategy.

David Morgan

10/12/2026

The silver market is on track to record a sixth consecutive annual deficit this year, according to the World Silver Survey published by The Silver Institute and Metals Focus. The organisations forecast a shortfall of 46.3-million ounces this year, up from 40.3-million ounces in 2025, with global min...

10/10/2026

The COMEX Silver Drain Continues

ED STEER: COMEX silver withdrawals were monstrous earlier in the year...135 million in Q1/2026...23 million oz. in April -- but only 12.6 million oz. in May -- and only 5.3 million oz. in June. In July, COMEX warehouse stocks actually rose by a net 9.5 million oz. -- and in August, it was a net 5.0 million oz. added.

For the month of September, now in the history books, there were 19.457 million oz. of silver added to the COMEX -- and 23.502 million troy ounces were shipped out...a very busy month.

There has also been big demand for silver in the October delivery month so far...15.630 million troy ounces issued and stopped. But this is not really physical silver demand per se...as all that's happening is that silver already sitting on the COMEX has changed ownership.

10/10/2026

Just sharing what I find along the way so you can stay informed, do your own research, and draw your own conclusions. My goal is simply to help keep you well informed.

Market Analysis by covering: Silver Spot US Dollar, Antofagasta PLC, Copper Futures, Silver Futures. Read 's Market Analysis on Investing.com

10/09/2026

10/09/2026

Very informative video if you’re holding Silver. Watch it all the way through and then watch it again. This is part of doing your own research. If you’ve never bought Silver but have thought about it, watch this video all the way through, then watch it again.

On October 7, 2026, Deutsche Bank's head of metals research, Daniel...

10/07/2026

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10/07/2026

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10/06/2026

Let it be known, I’m still expecting $6,000 gold and $200 silver, and I’m not counting out the possibility of seeing those numbers this year.

I’ll admit, it has taken longer than I expected. I really thought we would see those levels by September. But from where I sit, the fundamentals haven’t changed. The paper market continues to influence the price, but I don’t believe that can continue forever.

At some point, the music stops.

And when it does, I believe the physical silver you already have in your possession may be the only silver you get, because obtaining physical metal at that point could become extremely difficult.

As always, this is my opinion, not financial advice. Do your own research, study the market, and make the decisions you believe are right for you.

But remember one thing:

I tried to tell you.

10/06/2026

THIS HAS NEVER HAPPENED BEFORE

Silver has reached the point where the math no longer works:

COMEX silver: $61.44

Shanghai physical silver: $68.99

That’s a 12.3% premium.

At the same time, Shanghai delivery demand just hit an ALL-TIME HIGH:

+142% vs the 30-day average.

COMEX open interest is still above $535 MILLION.

NOW CONNECT THE DOTS:

- Physical demand is at record highs.
- Shanghai is paying 12.3% MORE for silver.

And the paper market is still pricing the same metal at $61.44.

THAT SPREAD SHOULD NOT EXIST.

In a healthy market, arbitrage closes a 12.3% gap FAST.

Buy cheap in one market. Sell expensive in the other.

Spread disappears.

But it isn’t disappearing.

Why?

Because this is no longer just a PRICE problem.

It’s a PHYSICAL METAL problem.

You can create more paper contracts.

You cannot create physical silver overnight.

The people closest to the physical market already see what’s happening.

Margins +
Liquidity −
Physical demand +

Weak hands are being forced out while physical buyers keep paying a premium.

That is the part almost nobody understands.

When paper and physical disagree this much, one of them eventually has to reprice.