• Gold: 1,245.07 -2.83
  • Silver: 17.53 -0.00
  • Euro: 1.079 -0.001
  • USDX: 99.677 -0.136
  • Oil: 48.4 0.25

March 22: Gold and Silver Gain Again

5 hours 47 min ago

Gold gained $4.40 to $1249.00 in Asia before it fell back to unchanged at $1244.60 in London, but it then jumped to as high as $1251.30 in New York and ended with a gain of 0.26%. Silver rose to as high as $17.586 and ended with a gain of 0.06%.

March 7: Gold and Silver Fall With Stocks Once More

Gold held near unchanged in Asia, but it then fell back off in London and New York and ended near its late session low of $1214.20 with a loss of 0.83%. Silver slipped to as low as $17.468 and ended with a loss of 1.63%.

Silver Market Morning: Mar 7 2017 - Gold waiting for the rate hike!

At the close in Shanghai today, the gold price was trading at 275.50 Yuan once again, which directly translates into $1,242.23. But allowing for the difference of gold being traded this equates to a price of $1,237.23. This is $11.23 higher than the New York close and $13.08 higher than London.

March 6: Gold and Silver Fall With Stocks Again

Gold fell $9.50 to $1224.90 in early afternoon New York trade before it rebounded slightly, but it still ended with a loss of 0.68%. Silver slipped to as low as $17.703 and ended with a loss of 0.89%.

New research shows how silver could be the key to gold-standard flexible gadgets

Research published in the journals Materials Today Communications and Scientific Reports has described how silver nanowires are proving to be the ideal material for flexible, touch-screen technologies while also exploring how the material can be manipulated to tune its performance for other applications. Currently, touch screen devices mainly rely on electrodes made from indium tin oxide (ITO), a material that is expensive to source, expensive to process and very brittle.

CME, Thomson Reuters step down from providing London silver benchmark

CME Group and Thomson Reuters are to step down from providing the LBMA silver price benchmark auction, the London Bullion Market Association said on Friday, less than three years after they successfully bid to provide the process.

March 3: Gold and Silver Fall About 2% on the Week

Gold fell $12 to $1223 in early afternoon New York trade before it jumped back to $1236.00 after Yellen raised the possibility of the fed keeping rates stable, but it then drifted back lower into the close and ended with a loss of 0.05%. Silver surged to as high as $17.972 and ended with a gain of 1%.

Shareholder Update from Golden Arrow Executive Chairman, President and CEO

"The option agreement with Silver Standard Resources (SSO.TO) (SSRI) for the combination of Golden Arrow's Chinchillas Project with Silver Standard's Pirquitas Mine is still in progress (see Golden Arrow News Release dated October 1, 2015). As the 18 month option draws to a close on March 30, 2017, we await Silver Standard's decision. We are appreciative for the professional and transparent technical cooperation between Silver Standard and Golden Arrow which has allowed the advancement of our Chinchillas deposit to this advanced mine planning and prefeasibility stage. Golden Arrow is committed to the Business Combination Agreement and we look forward to fully achieving a final resolve by March 30, 2017."

Market Report: Silver hammered

On Comex, the large four traders category late in February was net short about 78,000 contracts, while the managed money category was net long 77,000 contracts. We won’t know for sure how this jumbo sale has effected this balance until the Commitment of Traders report for the current period is issued on 10th March. But it appears that one of the large four (it had to be one of them because of the size of the transaction) took the view that flaky hedge funds, in aggregate net long of what they were short, could be panicked out of their positions. Furthermore, the timing of the sale tells us that these flaky longs are in the US time zone, and that the seller didn’t want to see his shorts absorbed by more solid European buyers, who might take the opportunity to add to their positions.

Now that the silver rig is as obvious the gold rig, will anyone else speak out?

Central banks gave their gold game away in April 2013 when they used the futures markets to knock the price down by more than $200 with relentless selling over several days. The selling had to be inspired by central banks because there was no important relevant news in the market to spook investors and because nobody else would have had access to the huge amounts of metal and capital involved.

March 2: Gold and Silver Fall With Stocks

Gold fell $18.70 to $1231.20 in midafternoon New York trade before it bounced back higher in the last 90 minutes of the day, but it still ended with a loss of 1.19%. Silver slipped to as low as $17.711 and ended with a loss of 3.53%.

SilverCrest Reports First Drill Results from Babicanora Vein; Multiple Intercepts Greater Than 1,000 gpt AgEq*

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce its first drill hole results for the Babicanora Vein within the Las Chispas Property (the "Property") located in Sonora, Mexico. As part of the Company's Phase II Exploration Program, underground drilling at the Babicanora Vein is testing the historic silver-gold mine (see attached Photos and Figures).

March 1: Gold and Silver End Mixed While Stocks Surge Higher

Gold fell $14.50 to $1237.10 at about 9AM EST before it climbed back to $1250.50 in early afternoon trade and then chopped back lower, but it ended with a loss of just 0.13%. Silver slipped to as low as $18.265 before it bounced back to $18.459 and then also fell back off, but it still ended with a gain of 0.33%.

Silver Market Morning: Mar 1 2017 - Gold was not Trumped but took a step back!

At the close in Shanghai today, the gold price was trading at 279.50 Yuan once again, which directly translates into $1,263.89. But allowing for the difference of gold being traded this equates to a price of $1,258.89. This is $7.39 higher than the New York close and $14.89 higher than London.

February 28: Gold and Silver Close Higher Before Trump's Speech Tonight

Gold gained $7.20 to $1258.20 in midmorning New York trade before it plummeted back to $1247.70 by a little after 1:30PM EST, but it then bounced back higher into the close and ended with a gain of 0.05%. Silver rose to as high as $18.457 before it also fell back off, but it still ended with a gain of 0.6%.

Silver Market Morning: Feb 28 2017 - Gold waits to be Trumped!

At the close in Shanghai today, the gold price was trading at 280.0 Yuan once again, which directly translates into $1,267.88. But allowing for the difference of gold being traded this equates to a price of $1,262.88. This is $11.88 higher than the New York close and $11.18 higher than London.

February 27: Gold and Silver Reverse Lower on Fedspeak

Gold waffled between $1258.40 and $1253.40 in Asia and traded mostly slightly lower in London before it jumped to as high as $1263.60 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.45%. Silver surged to as high as $18.481 before it also dropped back lower in late trade and ended with a loss of 0.65%.

Silver Market Morning: Feb 27 2017 - Gold turning $1,250 resistance into support!

At the close in Shanghai today, the gold price was trading at 280.0 Yuan, which directly translates into $1,265.84. But allowing for the difference of gold being traded this equates to a price of $1,260.84. This is $4 higher than the New York close and $6 higher than London. Shanghai opens the week pulling both London and New York higher again but with the two centers following close behind.

February 24: Gold and Silver Gain Almost 2% on the Week

Gold gained $11.30 to $1260.10 at about 9AM EST before it nearly erased its entire advance in the next hour of trade, but it then chopped back higher into the close and ended with a gain of 0.63%. Silver rose to as high as $18.407 and ended with a gain of 0.94%.

Next Leg Up is Beginning (Precious Metals)

The next leg up in a new daily cycle for the precious metals has begun. Silver is breaking away above its 200 dma with little resistance now until it reaches $19. Gold is approaching its 200 dma and once it breaks through that resistance is expected to top somewhere above $1300+.

Market Report: Making headway in better volume

Gold and silver broke out on the upside from a two-week consolidation yesterday, with gold breaching the $1250 level, and silver clearing $18.00. Comex volume has picked up on these break-outs, characteristic of a bullish move. In early European trade this morning, gold was trading at $1254, up $19 since last Friday’s close. Silver was at $18.26, up 27 cents on the same timescale.

Silver Market Morning: Feb 24 2017 - Gold overcoming $1,250 resistance!

Bearing in mind that the prices of the 23rd [yesterday] above are the prices ahead of London’s opening and well ahead of New York’s opening. As you can see both London and New York were dragged higher by Shanghai. Looking at Shanghai’s closing prices today [not on the chart as they have not yet been officially released, we are looking at prices over $1,260. If London and New York continue to follow Shanghai, which we believe will happen, then both London and New York will see good rises later today.

February 23: Gold and Silver Gain Almost 1% While Dow Sets 10th Straight Record High

Gold edged down to $1235.80 in Asia, but it then jumped to as high as $1250.90 in late morning New York trade and ended with a gain of 0.86%. Silver rose to as high as $18.217 and ended with a gain of 0.78%.

James Turk: May silver options start expiring today. Can the shorts keep silver under $18?

James Turk: May silver options start expiring today. Can the shorts keep silver under $18? Or will we see a short squeeze?

February 22: Gold and Silver Bounce Back After Fed Minutes

Gold gained $4 to $1240.30 by a little before 9AM EST before it dropped back to $1231.60 in the next few hours of trade, but it then jumped back higher after the release of this afternoon’s fed minutes and ended with a gain of 0.15%. Silver rose to as high as $18.052 and ended with a gain of 0.33%.

Metals Capped Into FOMC Minutes

An incredible amount of fraudulent, virtual silver is being created in order to cap price and paint the chart. Will JPM and the rest of The Evil Empire be successful once again in capping price and routing the Specs. The reaction to today's FOMC minutes may help to determine the outcome. Again, I can't stress enough the devious and fraudulent nature of this latest attempt to contain and cap price. The past four days have seen the price of Comex Digital Silver pressing up against the key resistance of $18 and the 200-day moving average near $17.93.

The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

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Silver Market Morning

Poll: Where will the Silver Price end 2012?

Please vote in our SilverSeek.com Poll! Where will Silver price end 2012? Below $25 $25-30 $30-$35 $35-$40 Above $40

May 9: Gold and Silver Fall 1%

Gold fell over $27 to as low as $1579.74 by about 9AM EST, but it then rallied back higher into the close and ended with a loss of just 0.98%. Silver slipped to as low as $28.629 before it also rallied back higher, but it still ended with a loss of 1.02%.

May 10: Gold and Silver End Mixed

Gold fell another $5.30 to $1585.70 at about 6AM EST before it rebounded to $1601.42 at about 10AM EST and then pared it gains a bit, but it still ended with a gain of 0.19%. Silver slipped to $28.94 before it climbed back to $29.455, but it then fell back off into the close and ended with a loss of 0.48%.

May 11: Gold and Silver Fall About 4% on the Week

Gold fell $20.28 to $1573.72 by about 3:30AM EST before it climbed back to $1590.53 by late morning in New York, but it then fell back off into the close and ended with a loss of 0.8%. Silver slipped to as low as $28.436 by midmorning in New York before it rallied back to $29.15, but it also fell back off in afternoon trade and ended with a loss of 0.58%.

Silver Wheaton Reports a Strong Start to 2012 with Record Quarterly Revenues of US$200 Million

"Solid operating performance from across our portfolio of mines led to a strong start in 2012," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "We achieved record quarterly revenues, and are on target to attaining our annual production guidance of 27 million silver equivalent ounces. With continued positive progress at our world-class cornerstone assets, including the Peñasquito and Pascua-Lama mines, Silver Wheaton retains one of the strongest growth profiles in the sector."

Great Panther Silver Reports First Quarter 2012 Financial Results

"First quarter revenue was directly in line with our expectations, considering the lower production and metal prices compared to Q1 of last year," stated Robert Archer, President and CEO. "This was also a timing issue for us related to a shipment of concentrate to a new smelter where the revenue will be recognized in Q2 this year. With the addition of this new customer, we have secured contracts for the sale of our concentrates for our 2012 planned production."

Live Silver Price Chart

Live 1-Hour Spot Silver Price Chart: http://www.silverseek.com/quotes/hoursilver.php

May 17: Gold and Silver Gain Over 2% and 3%

Gold jumped to as high as $1579.80 by midday in New York before it drifted a bit in afternoon trade, but it still ended with a gain of 2.23%. Silver surged to as high as $28.33 and ended with a gain of 3.2%.

Poll Results: Where will Silver End 2012?

Total votes: 1199 | #1 result = Above $40 (583 votes)

May 21: Gold and Silver End Mixed

Gold fell $6.40 to $1585.00 at about 9:30AM EST, but it then chopped back higher midday and ended with a gain of 0.16%. Silver slipped to as low as $28.076 before it also bounced back higher, but it still ended with a loss of 0.56%.

Huldra Silver Announces Receipt of Mines Act Permits and Amendment to Terms of Credit Facility

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") is pleased to announce that the Company has received a Mining Lease and a British Columbia Mines Act Permit approving a mine plan and reclamation program for the Company's Treasure Mountain Mine along with an Amended Permit approving construction and operation of a process plant at the Company's mill site in Merritt, BC.

COMEX Silver Inventory Update: +528,970.137 ounces

COMEX Silver Inventory Update: +528,970.137 ounces

May 31: Gold and Silver End Slightly Lower

Gold jumped to $1573.17 at about 9:45AM EST before it plummeted back to $1552.29 in the next half hour of trade and then bounced back higher midday, but it still ended with a loss of 0.17%. Silver climbed to $28.213 in London and then fell back to $27.54 in midmorning New York trade before it the bounced back higher midday, but it still ended with a loss of 0.68%.

iShares Silver Trust: 9,643.17 tonnes

iShares Silver Trust: 9,643.17 tonnes

June 21: Gold and Silver Fall Over 2% and 4%

Gold fell to as low as $1564.57 and ended with a loss of 2.5%. Silver slipped to as low as $26.849 and ended with a loss of 4.13%.

Pan American Silver Falls to Levels Below Book Value

In trading on Friday, shares of Pan American Silver Corp. (Toronto: PAA) crossed below their last reported book value — defined as common shareholder equity per share — of $17.83, changing hands as low as $17.70 per share. Pan American Silver Corp. shares are currently trading down about 3.2% on the day.

Silver Market Morning

Gold closed in New York at $1,598.70, up $20. Asia took it up to $1,606 ahead of London’s opening, while the euro stood at €1: $1.2602. The gold Fix was set at $1,608.50 and in the euro €1,278.312. Ahead of New York’s opening, gold stood at $1,609.65 and in the euro, €1,279.23 while the euro was at €1: $1.2583.

July 13: Gold and Silver End Slightly Higher on the Week

Gold rallied to as high as $1596.35 and ended with a gain of 1.04%. Silver rose to $27.509 in London before it slumped back to $27.14 in midmorning New York trade, but it then surged to a new session high of $27.56 and ended with a gain of 0.3%.

July 19: Gold and Silver End Slightly Higher

Gold climbed up to $1591.49 at about 8:30AM EST before it fell back to as low as $1577.15 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to $27.60 before it dropped back to $27.13, but it still ended with a gain of 0.07%.

July 23: Gold and Silver End Modestly Lower

Gold fell to as low as $1563.41 by about 8:45AM EST, but it then rallied back higher throughout the rest of the morning in New York and ended near its noontime high of $1580.30 with a loss of just 0.42%. Silver slumped to as low as $26.671 before it also rallied back higher and ended with a loss of just 1.14%.

The “Summer Games” Go On

And the “summer games” go on, with TPTB “locking down” Precious Metals with daily caps at the same times, while the “DOW JONES PROPAGANDA AVERAGE” surges at the NYSE open and is NEVER allowed to fall.

Why Is The Future Silver Supply More at Risk than Gold?

The focus of the markets and the alternative media is firmly placed on the continued disintegration of the world financial system. Many believe that the collapse of the fiat monetary system along with the global banking cartel is the worst possible outcome. However, this may actually turn out to be the good news in a sea of bad news that is lurking around the corner.

The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

Silver: Supply and Demand Part 2, Investment Demand

This educational video looks at how and why people invest in silver. While economic, socio-political and psychological forces play a large part in determining the price of silver, it all comes back to the basic principles of supply and demand.

JP Morgan Silver Manipulation

Silver Chart and Comments

Silver continues to be the poor poster child for the Deflation or Risk Aversion Trade. It's chart is abysmal at this point as it has steadily retreated since peaking near $50 in what seems a lifetime ago. About the only positive thing that can be said about it is that is had not been below the $26 level for some time now. That level still seems to be bringing in buyers.

Silver Grumps

Attention, Class: Silver and gold are static assets. They are constants. They don't actually move much. What happens is that the metrics by which we measure Silver and Gold jump around like horny ticks on a hot dog. It is the fraud of the 20th and 21st Centuries.

South American Silver Responds Strongly To Bolivian Government Statements

South American Silver Corp. (SAC.TO)(SOHAF) today expressed extreme disappointment in statements made this evening by the Bolivian government that it intends to nationalize the company's development stage Malku Khota silver-indium-gallium project.

Bolivia to consider nationalizing embattled silver project

Bolivia will consider nationalizing Canadian miner South American Silver Corp's silver property, President Evo Morales said on Sunday, following violent indigenous protests against the mining project. Leftist Morales, who last month took control of global commodities giant Glencore's tin and zinc mine in the Andean country, said he hadn't taken a final decision on whether to revoke the Canadian miner's concession.

August 3: Gold and Silver End Mixed on the Week

Gold climbed $11.03 to $1599.73 by a little after 8AM EST before it dropped back to $1586.90 immediately after the jobs report was released, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.89%. Silver slumped down to $27.066 in early New York trade, but it then surged to as high as $27.883 and ended with a gain of 2.4%.

Silver is for Champions

The thoughts of millions of ice hockey fans turned to silver this week – more specifically, to the nearly 35 pounds of silver in the National Hockey League’s Stanley Cup, the century-old championship symbol of professional hockey. The Los Angeles Kings ultimately lifted high the iconic trophy made of sterling silver.

Is the Silver’s Move Above Its 50-day Moving Average a Bona Fide Buy Signal?

Summing up, there are virtually no positive signs for the white metal in this week’s chart except for the move above the 50-day moving average. This move was not accompanied by analogous breakouts in gold nor mining stocks, so we don’t view it as overly important. The silver-to-gold ratio indicates further weakness ahead.

Maintain The Status Quo

The name of the game is the “maintain the status quo” – first until the Europeans return from August vacations, and second in front of the U.S. elections. Today’s “retail sales” fiasco – following perhaps 20 HORRIBLE, GLOBAL economic reports, was no different than last month’s NFP Employment Report, when unprecedented “seasonal adjustments” turned what should have been a BIG decline into a big increase.

Bill Murphy Comments On Today's Market Action

It's go into the bunker time as markets are in sell everything mode. It is a sad day when King Dollar reigns. Our politicians can't even deal with cutting the rate of our debt increases, much less really address our mounting fiscal problems.

Charts: Silver Price, Silver Stocks Reverse from Lows

The silver price has made a strong reversal from big technical supports around $27. Silver stocks have also moved off their early morning lows, crossing into positive terriroty mid-day and gaining steadily into the close:

Silver Market Update

Silver investors and speculators are amongst the manic-depressive you can possibly find in the investment world. When they are playing maximum credits on the slots and passing round boxes of cuban cigars and taking out massive loans to buy Ferraris and Lambos you know it's time to watch out. When they retreat into the shadows, only coming out to hurl themselves off bridges and other tall structures, mumbling about the "cartel" as they plummet earthwards, you know it's getting time to buy - and that is the situation we now find ourselves in. In this update we are going to examine evidence which suggests that, despite the fragile looking price pattern, silver is going to turn surprisingly strong in short order, or alternatively, if it does break down, it turns out to be a false move that is swiftly followed by a dramatic recovery.

July 25: Gold and Silver Gain Over 1%

Gold climbed steadily higher throughout most of trade in London and New York and ended near its late session high of $1610.10 with a gain of 1.4%. Silver surged to as high as $27.559 and ended with a gain of 1.3%.

Sprott mum after Hecla offers cash for U.S. Silver in hostile bid

The head of Sprott Asset Management, Eric Sprott, was keeping his cards close to his chest after Hecla Mining made a hostile C$111-million cash offer to buy U.S. Silver that would derail a Sprott-backed plan to merge U.S. Silver with RX Gold & Silver.

COMEX Silver Inventory Update: -996,615.750 ounces

COMEX Silver Inventory Update: -996,615.750 ounces