Alasdair Macleod: Blue skies ahead for silver

By Alasdair Macleod GoldMoney, Toronto Friday, February 27, 2026 Gold was steady but silver volatile as Comex March contracts matured. Suspension due to "technical failures" saw high volatility in silver which has since recovered. At 13.00 Eastern Time yesterday, Comex suspended trading in metals and national gas contracts and options, citing technical issues. The suspension lasted about 40 minutes and all-day orders and GTD orders (good 'till day) were cancelled. It came at a delicate time for the March silver contract, with the earlier prospect of deliveries demanded exceeding silver registered for delivery. ... Dispatch continues below ... ... ADVERTISEMENT ... Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history. Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.  With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico. For more information, please visit: http://www.gsilver.com/ Instead, they appear to have been cashed out. Was this Comex's way of defusing a silver crisis? We will probably never know. In a difficult week for traders due to Comex contract expiries, gold and silver both firmed on balance. In European morning trade, gold was $5,170, up $63 from last Friday's close, and silver at $89.70 was up $4.20 Comex turnover was very subdued in both contracts. Gold futures expiry, not being an active month caused few difficulties for traders who appear to be generally uninterested in the contract. Open interest is unusually low, which suggests that there is significant room for speculative buying before the contract is deemed overbought. ... ... For the remainder of the analysis: https://www.goldmoney.com/research/blue-skies-ahead-for-silver * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png