Brief Silver Correction: Now Ready to Push Higher?

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity	$5042
Buying Back 1kg NZ Silver 999 Purity	$1709

Gold Hovering Just Below All-Time High

Gold in New Zealand dollars was up $34 from last week to $5279. It’s hovering just below the all-time high.
Buy zones are:

Horizontal support line at $5200
The green uptrend line and 50-day moving average around $5055
Blue uptrend line around $5000

While in USD gold was down $26 to $3022. As we expected it is facing some resistance at the red uptrend line around $3100.

USD buy zones are:

$3000
$2975
$2900
$2800

But to date any pull backs in gold have been shallow.

Another Higher Low For Silver

NZD silver was up 47 cents to $58.88. It dipped just briefly below the $58 support/resistance line but it jumped sharply back today. That remains our first buying zone. Then a little below that the green uptrend line. Further down is the 200 day MA at $52. However silver as we note in today’s feature article silver has been holding up well compared to global stock markets.

While USD silver was down 24 cents to $33.70. But it looks like it has made a higher low around $33. Now can it move up to break the key $35 mark? This week’s feature article covers factors that could push silver higher.

Weaker Kiwi Boosts Local Metals Prices – But Longer Term Uptrend Starting?

The Kiwi dollar was down 87 basis points from a week prior to 0.5724. It’s beginning to look like a longer term uptrend in the NZ dollar is starting. Although we first have to see if it can break through the overhead resistance line just above 0.5800.

Need Help Understanding the Charts?

Check out this post if any of the terms we use when discussing the gold, silver and NZ Dollar charts are unknown to you:

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Continues below

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Silver Is Rising—But Is Something Bigger Coming?

With silver outperforming the stock market this year, more eyes are on the metal. But behind the price action, it seems something deeper is brewing: tight supply in major market places, massive short exposure, and growing tension between physical and paper silver.

In this week’s feature article we dig into the data at the London Bullion Market (LBMA), COMEX futures and silver ETFs. Trying to answer the question: Is a squeeze around the corner?

The last time retail traders tried to squeeze silver in 2021, it fizzled. But see why this time, dare we say it, might be different…

There’s a fair bit to sink your teeth into, so we’ll keep the rest of today’s newsletter brief. Read the full analysis below.

Silver Short Squeeze Ahead? 2025 Signals from LBMA, COMEX, SLV & PSLV

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COMEX Gold Deliveries Hit All-Time High

We cover COMEX silver futures in this week’s feature article. But Ronni Stoeferle shared this chart on Comex Gold and stated:

Wow!

COMEX Gold Deliveries going through the roof!

Source.

What is the significance of this chart?”

Well, COMEX is the main market for gold futures and they almost always settle in cash or get rolled into the next month. But in January there were almost 8 million ounces of gold deliveries. An all time record. Or said another way, someone wanted (a lot of!) physical gold not cash.
Further evidence that something is changing in the gold market.

Brief Silver Correction: Ready to Push Higher?
Tavi Costas silver chart adds weight to our thesis in this week’s feature article that a silver squeeze could finally be coming. He says:

“After a healthy 5% correction, silver looks ripe for another push higher in my view.

Gold continues to hold well above its critical $3,000/oz level, and I believe we could experience a major catch up in silver prices.”

Source

Due to all the silver that has been sold in the past number of months we still have the deals going on previous issue silver coins and Various Brands of 1kg Silver bars. (Note: The 1kg bars are not listed on the site and are a subscriber only deal so email or phone for those).

So now might be a good time to order before a potential next move higher for silver.

Please get in contact for a gold or silver quote, or if you have any questions:

Email: orders@goldsurvivalguide.co.nz

Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)

or Shop Online with indicative pricing

This Week’s Articles:

Silver Short Squeeze Ahead? 2025 Signals from LBMA, COMEX, SLV & PSLV

Wed, 26 Mar 2025 11:34 AM NZST

1. Introduction: Why Silver’s Strength Is Turning Heads Again Silver has been quietly outperforming in 2025, and some analysts believe […]

The post Silver Short Squeeze Ahead? 2025 Signals from LBMA, COMEX, SLV & PSLV appeared first on Gold Survival Guide.

As always we are happy to answer any questions you have about buying gold or silver. In fact, we encourage them, as it often gives us something to write about. So if you have any get in touch.

Email: orders@goldsurvivalguide.co.nz
Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
or Online order form with indicative pricing

7 Reasons to Buy Gold & Silver via GoldSurvivalGuide

Today’s Prices to Buy

1oz NZ 99.99% pure gold bar

$5,359.80 (dispatched in 2 weeks)

1kg Pure Silver bar

Local silver bar $2,072.70 (dispatched in 2 weeks)

1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$172,198.74

1oz ABC Bullion Gold Minted Bar

$5,504.20

1oz Canadian Gold Maple 99.99% pure gold coin

2025: $5,504.80 (dispatched in 2 weeks)

1 oz RCM Silver Maple Coin

Tube of 25: $1622.50 (pick up price – dispatched in 2 weeks)

Box of 500 coins (dispatched in 4 weeks):
2025 coins: $33,137.65

Backdated coins: $32,571.90
Including shipping/insurance (4 weeks delivery)

Note:

Prices are excluding delivery
1 Troy ounce = 31.1 grams
1 Kg = 32.15 Troy ounces
Request special pricing for larger orders such as monster box of Canadian maple silver coins
Lower pricing for local gold orders of 10 to 29 ozs and best pricing for 30 ozs or more.
Foreign currency options are available so you can purchase from USD, AUD, EURO, GBP
Plus, we accept BTC, BCH, Visa, and Mastercard

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If once a week isn’t enough sign up to get daily price alerts every weekday around 9am Click here for more info

We look forward to hearing from you soon.

Have a golden week!

Glenn (and David)
GoldSurvivalGuide.co.nz
Ph: 0800 888 465
From outside NZ: +64 9 281 3898
email: orders@goldsurvivalguide.co.nz

The Legal stuff – Disclaimer:
We are not financial advisors, accountants or lawyers. Any information we provide is not intended as investment or financial advice. It is merely information based upon our own experiences. The information we discuss is of a general nature and should merely be used as a place to start your own research and you definitely should conduct your own due diligence. You should seek professional investment or financial advice before making any decisions.

Author
Recent Posts

Glenn Thomas

Author at Gold Survival Guide

Glenn Thomas is the co-founder of Gold Survival Guide, which he launched in 2009 after years of active involvement as an investor in the precious metals markets. With over 20 years of experience in the sector, Glenn has become a trusted authority on gold and silver investing. Since 2011, he has written and published a weekly gold and silver newsletter, with over 650 editions and counting. Additionally, he is also the author of more than 300 blog posts covering the why, what, when and how of buying gold and silver. As a result he is the creator of new Zealand's most comprehensive repository of precious metals investment information.

Glenn's dedication to educating individuals on wealth protection through precious metals has helped over 2400 clients from New Zealand, Australia, USA and Europe to safeguard their financial futures. Passionate about financial independence and lifestyle freedom, Glenn’s mission is to empower others with the knowledge and tools to thrive in today’s volatile economic environment. When he's not advising on precious metals, Glenn enjoys spending time with his family and pursuing outdoor adventures.

Education: University of Auckland Bachelor of Science
Linkedin: https://www.linkedin.com/in/glenn-thomas-0984a4310/

Prices and Charts

Gold Hovering Just Below All-Time High

Another Higher Low For Silver

Weaker Kiwi Boosts Local Metals Prices – But Longer Term Uptrend Starting?

Need Help Understanding the Charts?

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Long Life Emergency Food – Back in Stock

Silver Is Rising—But Is Something Bigger Coming?

Silver Short Squeeze Ahead? 2025 Signals from LBMA, COMEX, SLV & PSLV

Become a Gold Survival Guide Partner

COMEX Gold Deliveries Hit All-Time High

Brief Silver Correction: Ready to Push Higher?

This Week’s Articles:

Silver Short Squeeze Ahead? 2025 Signals from LBMA, COMEX, SLV & PSLV

Glenn Thomas

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