• Gold: 1,285.23 -8.44
  • Silver: 16.99 -0.28
  • Euro: 1.174 -0.005
  • USDX: 93.972 0.31
  • Oil: 56.06 -0.75

Money and Markets Infographic Shows Silver Most Undervalued Asset

1 hour 49 min ago

– Silver remains severely under owned and under valued asset – Entire silver market worth tiny $100 billion shown in one tiny square – “All of the World’s Money and Markets in One Visualization” – Must see ‘Money and Markets’ infographic shows relative size of key markets: silver bullion, gold bullion, cryptocurrencies/ bitcoin, largest companies, 50 richest people, Fed balance sheet, currency, stocks, property, cash, debt and derivatives – Small allocation by investors and world’s richest will see silver surge like bitcoin

Mexico's Silver Mines Shine

October 21: Gold and Silver Gain About 1% on the Week

Gold fell $4.90 to $1261.20 in Asia before it bounced back to $1267.91 in early New York trade and then drifted back lower into midday, but it then edged back higher into the close and ended with a gain of 0.09%. Silver rose to as high as $17.55 and ended with a gain of 0.06%.

Silver Market Morning: Oct-24-2016 -- Gold price consolidating heavy SPDR gold ETF sales!

Demand in China is strong, as expressed in Yuan prices in Shanghai. This will pull gold into China from London. Only the People’s Bank of China buys ‘London Good Delivery’ [0.995 quality.]. Switzerland re-refines London’s gold into higher quality [0.9999], half a percent better quality. We expect a resumption of the flow of the highest quality gold into the Far East, that’s both China and India.

October 25: Gold and Silver Gain Almost 1%

Gold chopped higher throughout most of world trade and ended near its late session high of $1276.46 with a gain of 0.74%. Silver rose to as high as $17.816 and ended with a gain of 0.91%.

Silver Market Morning: Oct-26 -- price consolidating higher!

With U.S. elections two weeks away there is a build-up of worry as to what lies ahead for the U.S. and the rest of the global economy. While both candidates are positive for gold prices, much more than that is worrying financial markets, as we look ahead to more uncertainty, greater financial risks and turbulence in 2017.

Market Report: PMs find support

This sideways trading pattern could end with a break to the upside, because the euro is drifting lower. Note that the euro comprises 57% of DXY. The reason this is important is a strong dollar worries the Fed. The Fed is desperate to limit the deflationary effects of a rising dollar, and believes that the appalling trade deficit is due to the dollar being very over-valued. So if DXY goes much higher, we can probably dismiss the possibility of an increase in the Fed Funds Rate in December.

October 31: Gold and Silver Gain While Oil Tumbles

Gold gained $4.57 to $1279.47 in Asia before it fell back to $1271.30 in early afternoon New York trade, but it then jumped back higher into the close and ended with a gain of 0.24%. Silver climbed to $17.913 in Asia before it dropped back to $17.753 in early New York trade, but it then bounced back higher into the close and ended with a gain of 0.62%.

Silver Market Morning: Nov-1-2016 -- Gold price rising from new support!

Growth in international trade is slowing, as describe by shipping statistics. It is the first time since World War II that trade with other nations has declined during a period of economic growth. Sluggish global economic growth is both a cause and a result of the slowdown. It is a structural phenomenon that will be much longer term and deflationary.

November 1: Gold and Silver Gain Almost 1% and 3%

Gold held near unchanged in Asia, but it then climbed steadily higher in London and New York and ended near its late session high of $1291.84 with a gain of 0.73%. Silver rose to as high as $18.48 and ended with a gain of 2.52%.

Silver Market Morning: Nov-2-2016 -- Gold price challenging $1,300!

What has changed in the last day? The dollar has gone weaker which is what Treasury has wanted all along. Why yesterday? The election race has changed with the institution of more investigations into Hilary Clinton’s e-mails, which brought the polls to a point where the Trump camp has caught up with the Clinton camp. This has set global financial markets on edge. A Trump win signifies a Republican government and an end to political gridlock.

November 2: Gold and Silver Gain Almost 1% More

Gold gained $20.27 to as high as $1307.57 in early afternoon New York trade before it chopped back lower into the close, but it still ended with a gain of 0.71%. Silver surged to as high as $18.736 and ended with a gain of 0.93%.

Silver Market Morning: Nov-3-2016 -- Gold price tops $1,300 now consolidating below it!

As you can see the rise of the gold price to $1,308 yesterday brought out sellers and has taken the gold price back to the same lower levels seen before New York opened then. This is an expected development as prices don’t rise continuously. The price hit overhead resistance at the psychological level of $1,308 and should consolidate around these levels as buyers and sellers trade in and out of these higher levels until the next move is made in either direction.

November 3: Gold and Silver End Mixed Before Jobs Day

Gold saw notable gains in Asia before it fell to see a $10.75 loss at $1285.65 at about 8AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.5%. Silver slipped to as low as $18.023 before it also bounced back higher, but it still ended with a loss of 0.86%.

Market Report: Technical rally holds

It has been a better week for gold and silver, with gold rising from $1284 to $1302 by Friday mid-morning London time, and silver from $17.76 to $18.34. Gold in particularly found its support at the 200-day moving average, and has run into some predictable profit-taking at $1300, which is also the approximate location of the 55-day moving average.

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 3% on the Week

Gold fell $8.23 to $1294.67 in Asia before it rallied back to $1305.65 at about 9AM EST and then chopped back lower at times, but it still ended with a gain of 0.1%. Silver rose to as high as $18.465 and ended with a gain of 0.27%.

Silver Market Morning: Nov-7-2016 -- Gold price retreat as Clinton victory looms?

We see the price changes after Shanghai’s close as being dealers marking prices down without much physical dealing going on. The strength of the dollar today before London opened was seen as the reason gold prices were lowered. And the strong dollar was attributed to the conclusion that Mrs. Clinton is going to be the next U.S. President. In two days time we should know! Of course, if Trump wins, the action last Friday confirms that the gold price will sprint higher taking silver with it.

November 7: Gold and Silver Fall Almost 2% and 1%

Gold fell $25.86 to $1278.34 in early afternoon New York trade before it bounced back higher in the last four hours of trade, but it still ended with a loss of 1.74%. Silver slipped to as low as $18.012 and ended with a loss of 0.92%.

November 8: Gold and Silver End Mixed Before Election Results

Gold gained $6.78 to $1288.28 at about 10:30AM EST before it fell back to $1273.02 in the next 90 minutes of trade and then chopped back higher into the close, but it still ended with a loss of 0.46%. Silver rose to as high as $18.641 before it also fell back off, but it still ended with a gain of 0.66%.

November 9: Gold and Silver Erase Nearly 5% Gains to End Near Unchanged

Gold gained $61.61 to $1337.21 in Asia before it fell all the way back to $1270.05 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.1%. Silver rose to as high as $18.996 before it also fell back off, but it still ended with a gain of 0.35%.

November 10: Gold Falls While Silver Climbs With Copper

Gold gained $17.19 to $1291.69 in Asia, but it then fell back off in London and New York and ended with a loss of 1.39%. Silver rose to as high as $18.963 before it dropped back to $18.418 in midmorning New York trade, but it then bounced back higher into midday and ended with a gain of 0.65%.

November 11: Gold and Silver Fall Almost 6% on the Week

Gold gained $7.95 to $1264.75 in Asia before it fell back to $1221.12 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 2.32%. Silver slipped to as low as $17.199 and ended with a loss of 6.32%.

Silver Market Morning: Nov-14-2016 -- Gold and silver volatility to continue!

With the gold price and now the silver price continuing to fall today [well over $100 on the week] because of heavy sales from the gold ETFs many are, we feel, misreading the consequences of Trump’s impact on the economy regarding gold. With 30-year Treasuries falling in price leaving yields at 3% the dollar continues to surge as carry trades are unwound. We see these moves as part of the initial exuberance after the election. But the question is, “Just how far will this exuberance go?”

SilverCrest Announces New Discovery at Las Chispas; Varela Veins with Multiple Results of Greater Than 1,400 gpt AgEq

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce an update on the underground rehabilitation program at its Las Chispas Property ("Las Chispas") located in Sonora, Mexico. SilverCrest's initial focus was on the Las Chispas, William Tell and Babicanora veins. Exploration has been expanded to include a new, recently discovered target at the historic Varela Mine. This mine has two near-parallel veins that are approximately 300 metres west of the William Tell Vein.

November 14: Gold and Silver Fall As Dollar Tops 100

Gold traded mixed in Asia before it fell to see a $16.15 loss at $1211.55 in midmorning New York trade and then rallied back higher into midday, but it still ended with a loss of 0.77%. Silver slipped to as low as $16.679 before it also bounced back higher, but it still ended with a loss of 2.97%.

November 15: Gold and Silver Gain About 1%

Gold gained $13.21 to $1231.41 in Asia before it fell back to $1219.61 at about 9AM EST, but it then bounced back higher into midday and ended with a gain of 0.8%. Silver rose to as high as $17.133 and ended with a gain of 1.31%.

November 17: Gold and Silver Fall Again

Gold gained $6.17 to $1231.07 in London, but it then fell to as low as $1211.71 in late New York trade and ended with a loss of 0.53%. Silver slipped to as low as $16.587 and ended with a loss of 1.47%.

Silver Market Morning: April 7 2017 - Gold leaps after missile strike!

Overnight, the U.S. struck Syria with cruise missiles on President Trump’s order. The global political situation has degenerated, at least for now, causing gold to jump through the 200-day average. Will this hold? At first glance, we would think not, as it is not a cause for war between Russia and the U.S. simply a punitive strike, in response to the use of chemical weapons in what is more than a civil war in Syria. It is, to us, a long term middle east wide religious war between Shia [Assad/Iran, etc] and Sunni [rebels/Saudis, etc] sides of Islam set to continue for the foreseeable future.

The decline and fall of the EU

Without the UK, not only does the EU lose much of its importance on the world stage, but the Commission’s budget is left with an enormous hole. That is the decline. The fall is well under way, with capital flight significantly worse than generally realised, as a proper understanding of TARGET2 imbalances shows. Not only is the ECB running out of options, but without major support from Germany, France and Italy, Brussels itself faces a financial crisis. In a highly unusual move, Jamie Dimon of JP Morgan in a letter to his shareholders this week backtracked on his earlier pre-Brexit threat to move jobs from London, declaring that the problem is Europe itself.

April 7: Gold and Silver End Near Unchanged on the Week

Gold gained $18.60 to $1270.30 in early New York and before it fell all of the way back to $1251.40 by midafternoon, but then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $18.459 before it dropped back to $17.872 and then also rallied back higher in late trade, but it still ended with a loss of 1.32%.

April 10: Gold and Silver Reverse Early Losses To End Near Unchanged

Gold saw a slight gain at $1255.80 in Asia before it fell to see a $7.20 loss at $1247.40 at the open of trade in New York and then rallied back to $1256.30 by midday, but it then chopped back lower in early afternoon trade and ended with a loss of 0.02%. Silver edged up to $18.015 before it dropped back to $17.748 and then also climbed back higher, but it still ended with a loss of 0.28%.

Golden Arrow Chairman’s Message to Shareholders on Recent Positive Developments

The announcement on the 31st of March of the formation of the Joint Venture with Silver Standard Resources Inc. (TSX-SSO; NASDAQ-SSRI; “Silver Standard”) was the culmination of a process of working together that began with the announcement of the initial exploratory work back in October 2015. Essentially the latest announcement signals the creation of a new entity which will pool together the currently operating mine and processing plant at Pirquitas, owned by Silver Standard, with the Chinchillas project of Golden Arrow.

Silver Market Morning: April 11 2017 - Gold firm below resistance $!

The Syria strike by the U.S. has not heightened tensions between Russia and the U.S. as much as the markets first discounted. It appears that Russia is satisfied with chest beating without action, simply a warning that the U.S. will be met by force next time. If there is another gas attack soon the situation could deteriorate substantially. Meanwhile, the markets, as we thought they would have retreated to where they were before the missile strike.

April 11: Gold and Silver Gain Nearly 2% While Stocks and Dollar Drop

Gold saw only slight gains in Asia and London, but it then rallied higher throughout most of trade in New York and ended near its midafternoon high of $1275.10 with a gain of 1.46%. Silver rose to as high as $18.318 and ended with a gain of 1.9%.

Silver Market Morning: April 12 2017 - Gold breaks up to new higher resistance!

We were wrong about more consolidation yesterday. Consolidation is a very difficult process to gauge accurately in terms of timing. It is a process of demand matching supply to the point where a small sale or purchase can make the next move a strong one. We did not realize that this point was reached yesterday, suddenly. After all it has been several weeks since the gold price has been building up sufficient strength to effectively tackle overhead resistance at $1,260, the 200-day average. Yesterday saw it do so, when an ascending top breakout was confirmed technically.

April 12: Gold and Silver Gain Almost 1% While Dollar Drops on Trump Talk

Gold saw slight gains in Asia and London and jumped up to $1277.90 by a little before 8:30AM EST before it dropped back to $1272.40 in the next hour of trade, but it then shot back higher into the close and ended near its late session high of $1283.60 with a gain of 0.7%. Silver rose to as high as $18.439 and ended with a gain of 0.82%.

Silver Market Morning: April 13 2017 - Gold breaks up to new higher resistance just below $1,300!

If the gold price can climb above $1,290 all vestiges of overhead resistance will have evaporated. Yes, the $1,300 level to $1,320 area may well cause a pause in the climb of the gold price for a short while, but essentially the mood for gold and silver will have changed to the upside, it seems. There was no physical buying into the U.S. based gold ETFs yesterday. Despite this the gold price jumped through overhead resistance to current levels.

April 13: Gold and Silver Gain Almost 3% on the Week

Gold gained $7 to $1288.50 in London before it dropped back to $1281.90 at about 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.47%. Silver climbed to $18.602 before it dropped back to $18.417, but it then bounced back higher in late trade and ended with a gain of 0.49%.

Market Report: Fear taking over

Last week’s market report concluded that with the Syrian situation deteriorating the outlook for the price of gold had rarely been better. Gold and silver have certainly risen, as our introductory chart indicates. Gold in European morning trade was up $34 from last Friday’s close at $1287, and silver up from $18.00 at $18.57. This is a short week given tomorrow’s Good Friday holiday, and with geopolitics taking centre-stage, traders are likely on balance to close short positions today, retaining their longs.

Econ 101 -- Silver Market Manipulation

It should also be noted that this increase of 38,392 contracts represents the creation of 191,960,000 ounces of virtual/digital silver. Again, The Shills and Apologists will claim that "this is simply producer hedging" or that all is fine because "there's a levered long for every levered short". But how is any of this relatable to the physical price of silver when derivatives representing 20% of total annual mine supply can simply be conjured up from thin air and supplied to money managers and traders as "exposure". Trading in these derivative contracts are no more related to physical silver than is trading of sunflower seeds or baseball cards.

April 17: Gold and Silver Reverse Early Gains To End Slightly Lower

Gold jumped $7.90 to $1295.40 at the open of trade in Asia before it pared back to $1285.80 in London and then bounced back to $1292.70 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.29%. Silver rose to as high as $18.652 and ended with a loss of 0.59%.

Silver Market Morning: April 18 2017 - Gold building strength below $1,300!

The Shanghai Gold Exchange was trading at 286.00 towards the close today. This translates into $1,286.84. New York closed $3.04 below Shanghai’s closing. London opened at a $0.00 discount to Shanghai. This left all three markets almost in line with each other, which is further testament to the ability of arbitrageurs to smooth out market differences. This is the first time we have seen a zero discount to London prices. It tells us that the gold price is going higher soon!

April 18: Gold Rebounds From Midsession Drop To End Higher

Gold edged up to $1287.30 in London before it spiked down to $1279.40 at about 10AM EST, but it then rose to a new session high of $1292.30 in early afternoon trade and ended with a gain of 0.49%. Silver slipped to as low as $18.091 before it also bounced back higher, but it still ended with a loss of 0.49%.

Silver Likely To Rise In A Concentrated Manner

Furthermore, it appears to be the first time that these ideal economic conditions, for a rise in silver, align in such a timely manner; in particular, the bottom in interest rates, the peak in stock markets, as well as the coming collapse of the monetary system. Potentially all of these events can happen within a two to three-year period.

Silver Market Morning: April 19 2017 - Gold building strength below $1,300 still!

Shanghai led the way lower today taking London back to the mid-$1,280 area again. To us this was important as it confirms the price dominance of Shanghai over London. If New York gold prices rise today without any specific news to cause that, then it will be an attempt to reclaim price dominance. If not then Shanghai will show its overall, dominant, pricing power.

April 19: Gold and Silver Fall Almost 1%

Gold dropped $14.60 to $1275.50 in midmorning New York trade before it edged back higher at times, but it still ended with a loss of 0.84%. Silver slipped to as low as $18.099 and ended with a loss of 0.98%.

Silver Market Morning: April 20 2017 - Gold still building strength below $1,300!

Shanghai continues to lead the way in the gold markets, barely changing its prices over the last two days, despite very heavy buying in New York into the U.S. based gold ETFs and the dollar weakening. We feel it is important to factor the current dominance of Shanghai’s pricing of gold over that of London and New York. In line with this, we expect Shanghai to exert an upward pull on New York and London’s prices for the rest of this week.

April 20: Gold and Silver End Mixed While Stocks Rise On Tax Cut Talk

Gold chopped up to $1283.20 in late morning New York trade before it dropped back to $1276.70 in early afternoon action, but it then bounced back higher into the close and ended with a gain of 0.16%. Silver slipped to as low as $17.879 before it also rallied back higher, but it still ended with a loss of 0.72%.

Silver, Platinum and Palladium as Investments – Research Shows Diversification Benefits

– Silver, platinum and palladium see increased role as investment vehicles – Increase in academic output on the white precious metals is in line with this – Silver and particularly gold are safe haven assets – Silver was a safe haven at times during which gold failed to be – Platinum and palladium less so but have diversification benefits

Silver Market Morning: April 21 2017 - Gold consolidating below $1,300!

All three global gold markets are in line with each other. At this moment in time, we don’t see that the three are leading or following each other, but the closeness of prices tells us that arbitrageurs are doing a very professional job of smoothing out the gold markets across the world. New York closed $1.44 below Shanghai’s closing yesterday and today. London opened at a $1.46 discount to Shanghai in line with New York. This is the closest we have ever seen them.

Market Report: Explosive moves in the wings?

Gold and silver peaked on Monday, when much of Europe (including London) was closed for the Easter Monday holiday. Prices then eased to a low point mid-week before moving sideways. Gold peaked at $1295.5 before trading as low as $1274, and this morning in early European trade it was at $1280. Silver peaked at $18.66 before ending up at $18.00. This makes gold up 11.06% on the year so far, and silver up 13.87%. Silver is lagging gold badly, and based on its normal relative volatility should be closer to $19.00.

April 21: Gold and Silver See Modest Losses on the Week

Gold gained $6.10 to $1287.30 in early afternoon New York trade before it chopped back lower into the close, but it still ended with a gain of 0.29%. Silver slipped to as low as $17.814 and ended with a loss of 0.28%.