• Gold: 1,217.94 -4.97
  • Silver: 15.28 -0.04
  • Euro: 1.165 0.001
  • USDX: 95.154 0.074
  • Oil: 68.17 0.06

July 19: Gold and Silver Fall with Stocks

6 hours 34 min ago

Gold dropped $16 to $1211.80 in London before it spiked up to $1228.70 in early afternoon New York trade after Trump said he’s “not happy” about the Fed raising interest rates, but it then chopped back lower into the close and ended with a loss of 0.4%. Silver slipped to as low as $15.177 and ended with a loss of 1.48%.

Mexico's Silver Mines Shine

May 12: Gold and Silver End Near Unchanged on the Week but Miners Gain Roughly 6%

Gold gained $7.60 to $1231.70 at about 9AM EST before it drifted back lower in the next few hours, but it then bounced back higher into the close and ended with a gain of 0.31%. Silver rose to as high as $16.48 and ended with a gain of 0.74%.

Silver Demand Shows A Consumer In Trouble

Global demand for silver declined from 2015 to 2016 by 123 million ozs per numbers from the Silver Institute presented in an article on The Daily Coin yesterday. In fact, for the demand categories primarily driven by the consumer, demand plummeted 125 million ozs, or 15.3%. Industrial demand for silver increased slightly but this was because of the global expansion in the solar panel industry, primarily in India and China.

SilverCrest Metals Begins Trading on the OTCQX® Market

SilverCrest Metals Inc. (TSX-V: SIL | OTCQX: SVCMF) ("SilverCrest Metals" or the "Company") is pleased to announce it has qualified for trading on the OTCQX® Best Market, operated by OTC Markets Group, under its existing ticker symbol "SVCMF".

Golden Arrow Files Technical Report to Support Pre-Feasibility Study for the Chinchillas Project Joint Venture With Silver Standard

Golden Arrow Resources Corporation (TSX VENTURE:GRG)(GAC.F)(GARWF) ("Golden Arrow" or the "Company") is pleased to report that it has filed on SEDAR a Technical Report pursuant to Canadian Securities Administrators' National Instrument 43-101 "Standards of Disclosure for Mineral Projects" and Form 43-101F1 to present the results of a pre-feasibility study for the Chinchillas silver-lead-zinc joint-venture project with Silver Standard Resources Inc. ("Silver Standard"), as announced March 31, 2017.

Canary In The Silver Mine

Silver bugs may have been disappointed by the recent decline but this is a key accumulation area for investors who want to be part of the next big rally in a profitable way. Many analysts are frustrated with the performance of silver relative to gold. Those days of frustration will end as money velocity stages a dramatic reversal to the upside, but not before that happens.

Gold Seeker Closing Report: Gold and Silver Gain With Euro

Gold climbed to as high as $1239.00 in midafternoon New York trade before it dipped back lower into the close, but it still ended with a gain of 0.46%. Silver rose to as high as $16.85 and ended with a gain of 1.14%.

May 17: Gold Gains Almost 2% While Dow Drops Nearly 2%

Gold jumped $23.70 to $1260.20 in late morning New York trade before it edged back lower into midday, but it then popped up to a new session high of $1261.10 in the last minutes of trade and ended with a gain of 1.8%. Silver rose to as high as $17.031 and ended with a gain of 0.42%.

May 18: Gold and Silver Fall Roughly 1% While Stocks Rebound

Gold gained $6.10 $1264.80 in London, but it then drifted back lower in New York and ended near its late session low of $1246.60 with a loss of 0.78%. Silver slipped to as low as $16.442 and ended with a loss of 1.66%.

May 19: Gold and Silver Gain Over 2% on the Week

Gold gained $7.00 to $1255.90 by a little after 9AM EST before it chopped back towards $1250 into midday, but it then rose to a new session high of $1256.40 in afternoon trade and ended with a gain of 0.49%. Silver climbed to as high as $16.876 and ended with a gain of 1.38%.

May 22: Gold and Silver Gain With Stocks and Oil

Gold climbed steadily higher throughout most of world trade and ended near its early afternoon high of $1262.60 with a gain of 0.42%. Silver rose to as high as $17.206 and ended with a gain of 1.78%.

May 23: Gold and Silver Edge Lower As Dollar Bounces Higher

Gold waffled between $1263.80 and $1258.40 in Asia before it edged back up to $1263.10 at about 9:30AM EST, but it then dropped back off into the close and ended near its late session low of $1250.70 with a loss of 0.67%. Silver slipped to as low as $17.026 and ended with a loss of 0.41%.

Zinc One Provides Update On Bongará Zinc Project

Zinc One Resources Inc. (TSX-V: Z; OTC: ZZZOF, Frankfurt: RH33) (“Zinc One”) is pleased to provide an update on its exploration program of the former producing Bongará Zinc Mine Project upon the formal closing of its acquisition of Forrester Metals Inc. (see news release dated May 16, 2017).

Abraplata to start 2,000-metre Diablillos drill program

Abraplata Resource Corp. has awarded a 2,000-metre drilling contract to Foraco Argentina SA, the wholly owned Argentine subsidiary of Foraco International SA. A truck-mounted Boart Longyear LF-90 drill rig is being mobilized to undertake a 15-hole program on Abraplata's Diablillos silver-gold project in the high plains desert of the Puna in southern Salta province of northwestern Argentina, and drilling operations are to commence by the end of the week.

May 24: Gold and Silver Gain After Fed Minutes Release

Gold dipped $3.90 to $1247.90 in Asia before it bounced back to $1254.30 in early New York trade and then fell to see a slight loss in late morning action, but it then rallied back higher in afternoon trade and ended near its post FOMC Minutes release reaction high of $1257.90 with a gain of 0.43%. Silver rose to as high as $17.199 and ended with a gain of 0.70%.

Silver Market Morning: May 25 2017 - Gold moving up within the narrow trading channel as $ weaker!

Shanghai prices rose after New York’s close rose too, catching up slightly to Shanghai, as you can see in the reduced discount New York is standing at. London opened at a smaller discount to Shanghai too. If this continues then Shanghai holds the pricing power. The Yuan overnight was quite a bit stronger against the dollar as the People’s Bank of China pressured the banks to take it higher against the dollar, likely to compensate for the weakness in the dollar.

May 25: Gold and Silver End Slightly Lower

Gold edged up to $1259.70 in Asia before it drifted back to $1253.90 in late morning New York trade, but it then bounced back higher into the close and ended with a loss of just 0.09%. Silver slipped to as low as $17.132 and ended with a loss of 0.17%.

Silvercorp Declares Dividend - US$0.01 Semi-Annual, up from CAD $0.01

Silvercorp Metals Inc. ("Silvercorp" or the "Company") today announced that its Board of Directors declared a dividend of US$0.01 to be paid on or before June 30 th, 2017 to shareholders of record at the close of business June 9 th 2017.

May 26: Gold and Silver Gain Almost 1% and 3% on the Week

Gold climbed higher throughout most of world trade and ended near its late session high of $1269.50 with a gain of 0.87%. Silver rose to as high as $17.379 and ended with a gain of 0.93%.

Silver Market Morning: May 30 2017 - Gold consolidating lower before Shanghai re-opens!

While Shanghai is closed we feel it opportune re-make an important point on what is going on with the authorities in China, with reference to overall markets there. China wants to gain a reputation of being a reliable, reputable source of prices. This, in the first place, means reducing the volatility, on a permanent basis, that characterized its markets. Its people have become deeply untrusting of equity markets due to its past extreme volatility.

May 30: Gold and Silver End Mixed To Start Jobs Week

Gold edged up to $1270.40 in Asia before it drifted back down to $1259.50 at about 8:30AM EST and then bounced back higher into midday, but it still ended with a loss of 0.31%. Silver gained $0.15 to $17.47 in Asia before it dropped back to $17.215 in early New York trade, but it then rallied back higher into the close and ended with a gain of 0.52%.

May 31: Gold Gains While Dollar Drops Again

Gold saw slight losses for most of trade in Asia before it climbed up to $1274.10 in early afternoon New York trade and then chopped back lower at times, but it still ended with a gain of 0.4%. Silver rose to as high as $17.419 and ended with a loss of 0.52%.

Silver Standard Forms Joint Venture with Golden Arrow and Files Technical Report for the Chinchillas Project

Silver Standard Resources Inc. (SSRI) (SSO.TO) ("Silver Standard") announces that the transaction to form a joint venture with Golden Arrow Resources Corporation (GRG.V) ("Golden Arrow") for the development of the Chinchillas project ("Chinchillas" or the "project") closed today.

Silver Market Morning: June 1 2017 - Gold consolidating in a tight range!

The dollar continues to weaken slightly and the gold price in the dollar continues to rise, as it is doing in all currencies except the Yuan. The Technical picture shows that it is above resistance but has not yet run as it would have done in the past. Instead it is showing a steady plod with higher lows and higher highs. As we have been pointing out in the Shanghai section above, the influence of Shanghai on the gold price is visible. Its slow plod higher, we see, as evidence of Chinese price dominance at the moment.

June 1: Gold and Silver End Near Unchanged Before Jobs Day

Gold fell $6.60 to $1261.60 at about 8:30AM EST, but it then bounced back higher in afternoon trade and ended with a loss of just 0.02%. Silver slipped to as low as $17.039 and ended with a loss of just 0.06%.

Zinc One Completes Forrester Acquisition and Appoints Chief Operating Officer

Zinc One Resources Inc. (“Zinc One or the Company”) and Forrester Metals Inc. (TSX-V: VEM.H) (“Forrester”) are pleased to announce, further to their news releases on February 1, 2017, March 7, 2017, and May 18, 2017, that Zinc One has received all necessary documents and approvals and completed its acquisition of all the issued and outstanding common shares of Forrester (the “Transaction”).

Mike Maloney: The Top 10 Reasons I Own Gold and Silver [New Video Series]

When the average investor thinks about gold, they may view it as an inflation hedge. Or maybe as crisis insurance. Or perhaps solely as a portfolio diversifier. These are all good reasons to own gold—but those are always good reasons to buy precious metals. Mike Maloney’s reasons to own gold and silver at this point in history are very different than what passes as standard arguments.

September 13: Gold and Silver Fall Nearly 1%

Gold edged up to $1334.60 in London, but it then fell to as low as $1320.90 in late morning New York trade and ended with a loss of 0.74%. Silver slipped to as low as $17.668 and ended with a loss of 0.67%.

SilverCrest Expands High Grade Footprint At Babicanora, Step Out Drilling Intercepts 4.8 Metres Grading 598 gpt AgEq

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce additional Phase II drill results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. These additional drill results indicate expansion of high-grade silver-gold mineralization for the Babicanora Vein (see attached Figures) from previously announced results. The Company is currently exploring seven of the 19 known epithermal veins on the Property, including the Las Chispas, Giovanni, William Tell, Varela, La Blanquita, Granaditas, and Babicanora veins. Additional Phase II drill results are anticipated over the next several months, including potential further expansion of the Babicanora Vein.

September 14: Gold Erases Early Dip and Ends Higher on the Day

Gold edged up to $1326.50 in London before it dropped back to $1315.80 just after 8:30AM EST, but it then climbed to a new session high at $1330.20 in early afternoon trade and ended with a gain of 0.45%. Silver rose to as high as $17.783 and ended unchanged on the day.

September 15: Gold and Silver Fall About 2% on the Week

Gold gained $6.70 to $1334.20 in Asia before it fell back to $1319.90 in late morning New York trade and then jumped back higher into midday, but it still ended with a loss of 0.49%. Silver slipped to as low as $17.59 and ended with a loss of 0.85%.

September 18: Gold and Silver Fall Roughly 1% and 2%

Gold drifted lower throughout most of world trade and ended near its early afternoon New York low of $1304.80 with a loss of 0.95%. Silver slipped to as low as $17.062 and ended with a loss of 2.22%.

September 19: Gold and Silver Bump Higher in Late Trade

Gold edged up to $1310.60 in midmorning New York trade before it fell back to $1305.40 in early afternoon action, but it then shot back higher into the close and ended near its late session high of $1311.70 with a gain of 0.21%. Silver rose to as high as $17.326 and ended with a gain of 0.52%.

September 20: Gold and Silver Fall Almost 1% After Fed

Gold gained $4.80 to $1315.90 in London before it dropped back to $1310.90 in early New York trade and then bounced back higher into midday, but it then fell to a new session low of $1296.10 after the release of today’s fed announcement and ended with a loss of 0.8%. Silver slipped to as low as $16.968 and ended with a loss of 0.92%.

September 25: Gold and Silver Gain 1%

Gold dropped $6.10 to $1290.90 in both Asia and London, but it then shot back higher into the close and ended near its late session high of $1311.10 with a gain of 1.03%. Silver rose to as high as $17.164 and ended with a gain of 1.00%.

September 26: Gold and Silver Erase Yesterday’s Advance

Gold saw slight gains at $1313.40 in Asia before it fell back to $1293.50 in early afternoon New York trade and then bounced back higher at times, but it still ended with a loss of 1.11%. Silver slipped to as low as $16.777 and ended with a loss of 1.81%.

September 27: Gold and Silver Fall Again

Gold fell $13.20 to $1282.70 in early New York trade before it bounced back higher at times, but it still ended with a loss of 0.93%. Silver slipped to as low as $16.679 and ended with a loss of 0.53%.

September 28: Gold and Silver Bounce Higher

Gold saw slight losses in Asia, but it then chopped back higher in London and New York and ended near its late session high of $1288.70 with a gain of 0.2%. Silver rose to as high as $16.892 and ended with a gain of 0.54%.

LBMA Silver Price Benchmark – Changes, but no Wider Participation

On 21 September, ICE Benchmark Administration (IBA) announced that it will take over the administration of the daily LBMA Silver Price benchmark auction beginning Monday 2 October. This LBMA Silver Price auction is the successor to the former London Silver Fix auction. The auction takes the form of trading unallocated silver positions on an electronic platform. The resulting price from the daily auction provides a daily silver price reference rate or benchmark which is used widely throughout the global precious metals industry. It is also now a Regulated Benchmark, regulated by the UK Financial Conduct Authority.

September 29: Gold and Silver Fall About 1% and 2% on the Week

Gold edged up to $1290.10 at about 8:45AM EST before it drifted back lower into the close, but it ended with a loss of just 0.5%. Silver slipped to as low as $16.632 and ended with a loss of 1.13%.

Silvercorp Reports 2017 AGM Results

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX/NYSE AMERICAN: SVM) is pleased to report that all matters placed before the shareholders at its Annual General Meeting ("AGM") held on Friday, September 29, 2017 were approved. A total of 97,309,713 common shares, representing 57.93% of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM. All of the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated August 10, 2017 , were approved by the requisite majority of votes cast at the AGM.

October 2: Gold and Silver Fall But Miners Gain

Gold dipped $8.80 to $1271.20 in Asia before it bounced back to $1277.10 in late morning New York trade, but it then drifted back lower into the close and ended with a loss of 0.67%. Silver slipped to as low as $16.549 and ended with a loss of 0.36%.

Comex Silver "Deliveries" Surge In September

Though Comex metal "delivery" remains a sham and circle jerk where The Banks simply shuffle paper warehouse receipts and warrants, we thought the latest totals for September were noteworthy enough to bring them to your attention. Again, we've written about this on countless occasions and this post is not meant to imply that "the Comex is about to break" or that "there is a run on The Banks". Instead, September saw the continuation of two trends of which you need to be aware. Comex "deliveries" are up dramatically in 2017 and JPM continues to stand down.

U.S. Mint Bullion Coin Sales Dip As Buyers Take Advantage Of Secondary Market

The U.S. Mint is on track for the lowest sales of American Eagle coins in almost a decade. The 2008 financial crisis began a historic ramp up in sales that lasted for years. 20,583,000 silver American Eagles sold that year, more than double the 2007 total of 9,028,036 coins.

October 3: Gold and Silver End Slightly Higher

Gold waffled between $1268.40 and $1272.4 in Asia before it popped up to $1274.50 in early afternoon New York trade and then drifted back lower into the close, but it still ended with a gain of 0.04%. Silver rose to as high as $16.66 and ended with a gain of 0.24%.

Safe Haven Silver To Outperform Gold In Q4 And In 2018

Since the beginning of 2017 the silver price has disappointed many investors. With a 5% gain so far in 2017, it has failed to match gold’s 11% gains this year. Both precious metals have ultimately performed below expectations given the positive macroeconomic and geopolitical backdrop. However, things are starting to look up for the industrial precious metal as industry observers believe it will outperform gold this quarter and into 2018.

Thoughtful Disagreement with Ted Butler

I will end with an offer. Monetary Metals has nearly 3 terabytes of data, containing every COMEX futures and spot metal price in both gold and silver going back 21 years. If you have another specific explanation of how JP Morgan manipulates the market (and which is not invalidated by the graphs above), let’s work to design an experiment. We are happy to query the appropriate data, and publish a graph or graphs that can confirm or disprove your hypothesis.

October 4: Gold and Silver End Mixed in Quiet Trade

Gold gained $10.20 to $1282.10 by a little after 8AM EST before it fell back to $1270.80 in midmorning New York trade, but it then bounced back higher into the close and ended with a gain of 0.28%. Silver climbed up to $16.885 before it dropped back to $16.554 and then also edged back higher at times, but it still ended with a loss of 0.12%.

October 5: Gold and Silver Fall Back Off Before Jobs Day

Gold waffled between $1273.30 and $1278.90 in Asia, but it then drifted back lower in London and New York and ended with a loss of 0.53%. Silver climbed up to $16.738 before it also fell back off, but it managed to close unchanged on the day.

October 6: Gold and Silver End Mixed on the Week

Gold edged up to $1270.20 in London before it fell back to $1260.80 in midmorning New York trade, but it then climbed to as high as $1275.30 by midday and ended with a gain of 0.49%. Silver rose to as high as $16.841 and ended with a gain of 1.02%.

October 9: Gold and Silver Gain Roughly 1%

Gold gained $10 to $1284.90 in Asia before it edged back to $1279.60 in midmorning New York trade, but it then climbed to a new session high at $1285.20 in the last minutes of the day and ended with a gain of 0.78%. Silver rose to as high as $16.986 and ended with a gain of 1.07%.