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SilverScoreboardTM

The Precious LegacyTM · real-time silver bias monitor
Silver as of
Updated
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Silver · SI=F · USD per troy ounce
$
50d SMA 200d SMA vs 50d vs 200d BB %B
Gold · GC=F · USD per troy ounce
$
50d SMA 200d SMA vs 50d vs 200d BB %B
90-day directional bias
Composite signal score · positive = bullish silver
Alpha Day-ahead Predictive Model
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30-day accuracy
Forecast price: —
ALPHA v0.5
Double-click for plain-English explanation
Silver — Price, 50/200-day Moving Averages, Bollinger Bands
Last ~12 months · daily close · 20-day Bollinger ±2σ
Current
vs 200d SMA
Trend
Gold — Price, 50/200-day Moving Averages, Bollinger Bands
Last ~12 months · daily close · 20-day Bollinger ±2σ
Current
vs 200d SMA
Trend
Bias Components
Inflation Expectations & Rates
Inflation Expectations
Market expected inflation plus Fed target and 10/20/30-year realized inflation guideposts
Yield Curve
10Y-2Y & 10Y-3M spreads (recession indicators)
Commodities
WTI Light Sweet crude · Brent Sea oil · copper · copper/gold (reflation proxy)
Current Brent Sea Oil
PCE Inflation — The Fed's Preferred Gauge
Headline PCE (all items) vs Core PCE (ex food & energy) — the inflation measure that actually drives Fed rate decisions
Currencies & Geopolitical Signals
Gold/Silver Ratio
Current ratio vs. 100-year and long-history benchmarks
Current GSR
100-Year Avg
~47:1
500-Year Avg
~15:1
Paper Contracts to Physical Silver
SLV silver ounces compared with registered deliverable COMEX silver
Paper to Actual Ratio
Registered Box
SLV Ounce Box
COMEX Eligible Silver — 90-Day Tracker
Eligible silver meets COMEX standards but is not currently warranted for delivery; the line starts with today’s reading and builds daily
Eligible
Available
As Of
Eligible vs RegisteredEligible is stored COMEX-standard silver; registered is the currently deliverable pile.
Tracking WindowThis records one daily point and keeps the latest 90 days.
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CFTC Bank Silver Futures — Long vs Short
Monthly Bank Participation Report for COMEX silver; grouped U.S. and non-U.S. banks, not individual bank names
Latest Banks
Bank Net
Open Interest
Major Bank PressureCFTC reports bank positions monthly. The chart updates when a new official report is available.
Plain EnglishGreen shows bank longs; red shows bank shorts; purple shows net bank position. Shorter than zero means banks are net short.
USD to Chinese Yuan
USD/CNY exchange rate 90-day trend · rising means dollar strengthening vs. yuan
USD → CNY
7-Day Change
Why It MattersA stronger dollar vs. yuan means each dollar buys more yuan — cheaper Chinese goods for American buyers, but also signals capital flowing out of China.
Policy WatchChina manages the yuan within a band — big moves often mean policy intervention, not just market forces.
USD Index vs. Major Currencies
DXY (broad dollar strength) overlaid with USD/CNY (yuan) · dual-axis 90-day view
DXY
USD/CNY
Dual AxisLeft axis: DXY (dollar vs. basket of major currencies). Right axis: USD/CNY. Both rising means the dollar is broadly strong.
Divergence SignalWhen DXY rises but USD/CNY does not, China may be managing the yuan stronger than the market would set it.
Physical Silver Market
Shanghai Premium over COMEX
SGE silver price vs COMEX spot · how much more China pays per ounce · higher = tighter physical demand overseas
Premium
SGE Price
COMEX Price
7-Day Δ
30-Day Avg
What It MeansWhen Shanghai silver costs more than COMEX silver, China and Asia are paying a premium for physical delivery. That signals tighter real-world demand — and it's bullish for silver.
Premium = Demand SignalA rising premium means overseas buyers are bidding up physical silver beyond the paper price. When the premium shrinks or flips negative, physical demand has softened.
Calculation(SGE price in USD/oz − COMEX spot) ÷ COMEX spot × 100. Data sourced daily from metalcharts.org.
COMEX Silver Open Interest Futures
Total outstanding silver futures contracts on COMEX · CFTC weekly data · builds daily
Open Interest
Source
CFTC
What Open Interest MeansOpen interest counts every outstanding futures contract that has not been closed or delivered. It is the paper-claim total against the physical registered pile.
Rising Open Interest + Falling InventoryThat combination means more paper claims chasing less physical metal — a classic squeeze indicator.
COMEX Tot Silver Inventory
Registered + Eligible combined · the full physical pile backing COMEX silver contracts
Total Inventory
Registered
Eligible
Registered + EligibleTotal inventory is the sum of deliverable (registered) and stored-but-not-warranted (eligible) silver in COMEX vaults.
Watch the TrendFalling total inventory while open interest is rising is a supply squeeze signal worth monitoring.
Silver Market Available Ounces — How Stacks Compare
Current available physical silver by market — log scale shows how stacks compare
NY COMEX
London LBMA
Shanghai SHFE
Log ScaleLondon vaults are ~10× larger than COMEX registered. Log scale lets you see all three markets at a glance.
UnitsAll values are in millions of troy ounces. COMEX trend arrow shows 30-day direction.
Global Silver Mine Production
Top 8 Producing Countries, 2020–2024
Values in Million Ounces · Source: The Silver Institute
2024 Total
819.7M oz
YoY Change
−1.3%
vs 2022 Peak
−2.4%
Top 8 Share
71.0%
Country 2020 2021 2022 2023 2024 5yr Δ
🇲🇽 Mexico190.3196.5202.2202.1185.7−2.4%
🇨🇳 China101.4105.8110.2114.3114.0+12.4%
🇵🇪 Peru105.8103.6101.9101.896.5−8.8%
🇨🇱 Chile38.540.843.443.434.6−10.1%
🇧🇴 Bolivia32.333.237.239.542.1+30.3%
🇷🇺 Russia42.440.540.740.540.0−5.7%
🇵🇱 Poland38.739.539.540.339.2+1.3%
🇺🇸 USA32.533.236.535.433.6+3.4%
⚠ Mexico Down 8.1%World #1 producer fell from 202.2M → 185.7M oz in 2024 — first decline after four straight years of growth.
⚠ Chile Down 20.3%Largest single-year drop among the top 8: 43.4M → 34.6M oz in just one year.
📉 Post-Peak DeclineGlobal output peaked at 839.4M oz in 2022 and has fallen 2.4% since — even as industrial demand hits record highs.
📈 Bolivia +30.3%Strongest 5-year growth among top 8: 32.3M → 42.1M oz. Lead/zinc mine expansion driving gains.
⚡ Supply Squeeze BuildingPrimary silver mine output fell to a record low of 227.5M oz in 2024. Declining production + rising demand = structural deficit.
Publishing Times
The Precious LegacyTM Broadcast Week
All times Central
Weekdays · 7:00 AM
Morning Shield
Start the day with plain-English silver, gold, dollar, and market context — your first line of defense.
Weekdays · 7:00 PM
Nightly Report
Your daily wrap-up with a strong focus on overseas news and events — the close and what's coming next.
Saturday · 10:00 AM
Weekend Wisdom — Scoreboard School
Educational training on what the SilverScoreboardTM categories mean, why they matter, and how to read the information calmly.
Sunday · 10:00 AM
Weekend Wisdom — Philosophy & Legacy
Financial and life philosophy for The Forgotten Man — brought to you by The Precious LegacyTM: discipline, stewardship, patience, legacy, risk, work, family, and long-term thinking.
Dependable · Reliable · Consistent — that is how legacies get built.
Messages behind this chart
Silver Chart · Latest Two Broadcasts
Only the latest two broadcasts stay here; everything older is archived in the searchable library.
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Search all broadcasts by date, topic, or keyword. The Weekend Wisdom Folder shows the last two. The full library requires member access.
Weekend Wisdom Folder
Saturday: Scoreboard education. Sunday: financial and life philosophy. Each member lesson includes a Topic line for quick study.
Visitors see the latest two Scoreboard broadcasts and the last two Weekend Wisdom entries. The full library requires member access.

Live data sources

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