• Gold: 1,241.26 0.06
  • Silver: 15.76 -0.03
  • Euro: 1.171 0.000
  • USDX: 94.558 -0.029
  • Oil: 68.13 0.15

Physical and Cryptographic Silver are Asymmetric Trades

8 hours 15 min ago

Most people believe that risk and reward go hand in hand. In other words, in order to reap a large reward, one must also risk a great deal. So, for example, if seeking to double or triple your money, then – should your analysis (or the execution of your trading plan) be incorrect – you would anticipate that your entire stake could disappear in the process.

New EW Silver Discovery

August 18: Gold and Silver End Slightly Lower on the Week

Gold gained $8.80 to $1297.50 in London and climbed to as high as $1300.00 in early New York trade before it fell all of the way back $1284.80 just after midday, but it then bounced back higher into the close and ended with a loss of just 0.18%. Silver rose to as high as $17.296 and ended with a loss of 0.12%.

August 21: Gold Gains While Stocks Hold Near Unchanged

Gold saw slight losses in Asia before it climbed to as high as $1293.30 in midmorning New York trade and then chopped back lower at times, but it still ended with a gain of 0.41%. Silver rose to as high as $17.121 before it also fell back off into the close, but it ended with a loss of just 0.18%.

August 22: Gold Chops Lower While Stocks Rebound

Gold fell $8.60 to $1283.10 in Asia before it rebounded to $1290.30 at about 9:30AM EST and then dropped back to $1282.10 in the next half hour of trade, but it then bounced back higher into midday and ended with a loss of just 0.47%. Silver slipped to as low as $16.877 and ended unchanged on the day.

Silver Market Morning: August-23-2017: Gold and silver prices still marking time!

The currency and precious metal prices are remarkably quiet today. With no purchases and only very small sales the SPDR gold ETF and the Gold Trust are giving no input to prices. While we do recognize that the Shanghai market has reduced volatility in the west, currency and precious metal prices are in calm waters. While the Jackson Hole meeting of central bankers on Friday is being touted as the next event to impact precious metal prices, we see this as having a positive, if any, effect on precious metal prices.

August 23: Gold and Silver Gain While Stocks Slip

Gold gained $5.50 to $1291.10 by a little after 8AM EST before it drifted back towards unchanged into midday, but it still ended with a gain of 0.36%. Silver rose to as high as $17.086 and ended with a gain of 0.47%.

August 24: Gold and Silver Edge Lower Before Jackson Hole

Gold ticked up to $1291.10 in Asia before it fell back to $1284.70 in London and then bounced back higher in morning New York trade, but it still ended with a loss of 0.31%. Silver slipped to as low as $16.828 and with a loss of 0.76%.

Silver Market Morning: August-25-2017: Gold and silver prices waiting for Jackson Hole today!

We cannot remember seeing prices in the precious metals this calm for a few days. As we have said before Shanghai has had a calming effect on global gold markets, but even its calmness is remarkable. It is not that we expect anything dramatic from Jackson Hole but in such a calm market, any news at all, will have an impact.

August 25: Gold and Silver End Slightly Higher on the Week

Gold waffled between $1288.40 and $1285.60 in London before it jumped up to $1293.20 in early New York trade and then spiked down to $1276.50 shortly before 10AM EST, but it quickly rebounded to a new session high at $1294.00 by late morning and ended with a gain of 0.38%. Silver rose to as high as $17.167 and ended with a gain of 0.53%.

August 28: Gold and Silver Gain Roughly 2%

Gold rose throughout most of world trade and ended near its late session high of $1312.00 with a gain of 1.58%. Silver rose to as high as $17.476 and ended with a gain of 2.47%.

August 29: Gold and Silver Erase Overnight Gains To End Slightly Lower

Gold gained $14.20 to as high as $1325.70 in Asia, but it then drifted back lower in London and New York and ended near its late session low of $1305.60 with a loss of 0.2%. Silver rose to as high as $17.658 and ended with a loss of 0.52%.

August 30: Gold and Silver Chop Near Unchanged

Gold traded mostly higher in Asia before it dropped down to $1305.30 at about 8:30AM EST and then bounced back higher into midday, but it still ended with a loss of 0.05%. Silver slipped to as low as $17.315 and ended with a gain of 0.23%.

August 31: Gold and Silver Gain Over 1%

Gold fell $7.60 to $1300.60 in Asia and saw slight losses for most of trade in London, but it then steadily rose during all of the session in New York and ended at its last-minute high of $1323.40 and ended with a gain of 1.16%. Silver climbed to as high as $17.619 and ended with a gain of 1.15%.

September 1: Gold and Silver Gain Almost 3% and 4% on the Week

Gold fell $5.60 to $1317.80 in Asia before it popped up to $1328.70 after the release of this morning’s jobs data and then dropped back to $1316.60 in the next 2 hours of trade, but it then rallied back higher into the close and ended with a gain of 0.17%. Silver rose to as high as $17.74 and ended with a gain of 0.54%.

September 5: Gold and Silver Gain Over 1% Again

Gold gained $13.40 to as high as $1339.10 in holiday-thinned trade on Monday before it dropped back to $1326.60 in London today, but it then rallied back higher in New York and ended near its late session high of $1344.20 with a gain of 1.15% from last Friday’s close. Silver climbed to as high as $18.001 and ended with a gain of 1.07%.

September 6: Gold and Silver Edge Lower as Dollar Rebounds

Gold chopped near unchanged in Asia and London before it fell back to $1332 in midafternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.53%. Silver slipped to as low as $17.809 and ended with a loss of 0.17%.

September 7: Gold and Silver Gain Over 1% Again

Gold gained throughout most of world trade and ended just off its last-minute high of $1349.40 with a gain of 1.08%. Silver surged to as high as $18.124 and ended with a gain of 1.29%.

September 8: Gold and Silver Gain Almost 2% on the Week

Gold gained $9.10 to $1357.40 in Asia before it fell back to $1342.90 at about 11AM EST and then bounced back higher into the close, but it still ended with a loss of 0.14%. Silver slipped to as low as $17.898 and ended with a loss of 0.5%.

September 11: Gold and Silver Fall Over 1%

Gold fell throughout most of world trade and ended near its late session low of $1326.40 with a loss of 1.4%. Silver slipped to as low as $17.712 and ended with a loss of 1.33%.

September 12: Gold and Silver Turn Higher in Late Trade

Gold dipped $4.90 to $1322.70 in London before it jumped up to $1329.00 at about 8:30AM EST and then chopped back lower in morning New York trade, but it then climbed to a new session high at $1331.80 in afternoon trade and ended with a gain of 0.29%. Silver rose to as high as $17.889 and ended with a gain of 0.62%.

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%.

November 24: Gold and Silver Close with Modest Losses but Miners Gain on the Week

Gold jumped up to $1293.40 in holiday thinned trade yesterday before it drifted back to $1286.10 in London today, but it then bounced back higher in New York and ended with a loss of just 0.27%. Silver slipped to as low as $16.985 and ended with a loss of 0.64%.

SilverCrest Expands Babicanora High-Grade Footprint to One Kilometre

SilverCrest Metals Inc. (TSXV: SIL) (OTCQX: SVCMF) ("SilverCrest" or the "Company") is pleased to announce additional Phase II drill results for the Las Chispas Property (the "Property") located in Sonora, Mexico. Step-out drilling targeting extensions of the Babicanora Vein continues to intersect high-grade mineralization.

November 27: Gold and Silver Gain While Oil Falls

Gold gained $11.30 to as high as $1299.20 in morning New York trade before it drifted back lower in afternoon trade, but it still ended with a gain of 0.46%. Silver rose to as high as $17.174 and ended with a gain of 0.12%.

Zinc One Extends Agreement on the Esquilache Project, Southern Peru with Nubian Resources

Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZOF) (FSE: RH33) (Zinc One or the "Company") is pleased to report that Nubian Resources Ltd. (TSXV: NBR) has completed its due diligence to acquire the Esquilache silver-lead-zinc project from the Company. The Esquilache project, comprising the historical Esquilache underground lead-zinc mine and adjacent Virgen de Chapi prospect, is located in the Puno Department of southern Peru.

SilverCrest Continues to Intercept High-Grade Mineralization at Las Chispas Property, Extensions to Las Chispas and Giovanni Veins

SilverCrest Metals Inc. (TSXV: SIL) (OTCQX: SVCMF) ("SilverCrest" or the "Company") is pleased to release additional surface and underground drill results from its ongoing Phase II Exploration Program at the Las Chispas Property (the "Property") located in Sonora, Mexico. The surface and underground drill program is designed to define readily accessible high-grade areas in the historic underground workings in the Las Chispas Vein and further define the Giovanni Vein. The Company is currently exploring nine of the 19 known epithermal veins on the Property with efforts focused on four of these veins to be incorporated into SilverCrest's maiden resource estimate anticipated in Q1 2018.

Banks Again Defending Silver's 200-Day Moving Average

So, for now, the point of this is simple. While we expect US dollar weakness to prompt a decent year for silver and all metals and commodities in 2018, until Comex silver can break free of the Bank shackles at the 200-day moving average, price will remain stuck in neutral. This will have an impact on mining share prices, too, so anyone interested in the sector should be sure to watch silver's 200-day moving average all through the month of December.

November 28: Gold Dips and Silver Slips

Gold gained $2.70 to $1296.50 in London before it dropped back to $1290.90 in midmorning New York trade and then jumped back to $1297.30 in late morning action, but it then drifted back lower into the close and ended with a loss of 0.05%. Silver slipped to as low as $16.786 and ended with a loss of 1.17%.

November 29: Gold and Silver Fall Almost 1% and 2%

Gold gained $3.50 to $1296.60 in Asia before it slid back to $1282.10 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.62%. Silver slipped to as low as $16.517 and ended with a loss of 1.72%.

November 30: Gold and Silver Fall Again

Gold fell $14.70 to $1270.40 in early afternoon New York trade before it bounced back higher into the close, but it still ended with a loss of 0.81%. Silver slipped to as low as $16.314 and ended with a loss of 0.79%.

December 1: Gold Dips and Silver Slips on the Week

Gold saw slight gains in Asia and London before it drifted back to $1271.80 in midmorning New York trade and then shot up to $1289.00 at about 11:30AM EST, but it then fell back off into the close and ended with a gain of just 0.47%. Silver jumped between $16.244 and $16.547 and ended with a gain of 0.12%.

Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries

– Increased efforts in green energy and advanced technology set to boosts silver’s demand – Four-year supply deficit set to increase due to fewer mine openings and discoveries – Bank manipulation may be why silver under performing – TD Securities and the Bank of Montreal expect silver to be best performing precious metal in 2018 – Growing industrial demand combined with monetary safe haven makes silver an excellent diversifier

December 4: Gold and Silver Fall With Tech Stocks

Gold fell $8.90 to $1271.80 in Asia before it chopped back higher in London and New York, but it still ended with a loss of 0.34%. Silver slipped to as low as $16.245 and ended with a loss of 0.67%.

December 5: Gold and Silver Fall With Stocks

Gold held near unchanged in Asia and London, but it then fell back off in early New York trade and ended not far from its late morning low of $1261.10 with a loss of 0.74%. Silver slipped to as low as $16.029 and with a loss of 1.35%.

December 6: Gold and Silver Edge Lower As Dollar Gains

Gold gained $2.30 to $1269.10 in Asia before it drifted back to $1262.70 in late morning New York trade, but it then bounced back higher in afternoon trade and ended with a loss of just 0.17%. Silver slipped to as low as $15.916 and ended with a loss of 0.87%.

December 7: Gold and Silver Fall Again But Miners Hold

Gold fell throughout most of world trade and ended near its late session low of $1244.00 with a loss of 1.33%. Silver slipped to as low as $15.64 and with a loss of 1.56%.

Market Report: PMs overshadowed by cryptos

Gold and silver had a torrid week, with gold falling $31 from last Friday’s close to $1249 in early European trade this morning. Silver was worse, down 66 cents to $15.78 over the same time scale.

December 8: Gold and Silver Fall Almost 3% and 4% on the Week

Gold edged up to $1249.60 in Asia before it dropped back to $1244.20 just after this morning’s jobs data was released, but it quickly popped back up to $1252.30 by midmorning and ended with a gain of 0.01%. Silver rose to as high as $15.894 and ended with a gain of 0.7%.

Low Silver Price Creating Buying Opportunities; SilverCrest Preparing for Maiden Resource

Silver has been on the ropes which is creating incredible buying opportunities in companies that are producing excellent results despite the silver price environment. Besides contrarian buying, the other silver investment case is that with a shortage of quality silver assets growing with drilling, companies with significant resources will become acquisition targets. One company that is proving it fits both these investment cases is, SilverCrest Metals (TSX-V: SIL) (OTCQX: SVCMF).

December 11: Gold and Silver Fall While Stocks Edge Higher

Gold edged up to $1251.50 in London, but it then fell back off for most of trade in New York and ended near its late session low of $1240.90 with a loss of 0.41%. Silver slipped to as low as $15.689 and ended with a loss of 0.76%.

Mike's New Crypto Documentary & Large Silver Purchase

Watch this 9-minute video to learn which indicators have prompted Mike Maloney to make an investment move. You'll also get some exciting news on a new cryptocurrency project.

December 12: Gold and Silver Trade Mixed With Stocks

Gold edged up to $1246.20 in Asia before it fell back to $1236.50 in late morning New York trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.13%. Silver rose to as high as $15.815 and ended with a gain of 0.06%.

December 13: Gold and Silver Gain About 1% and 2%

Gold fell $4.20 to $1240.20 in London, but it then jumped to as high as $1256.80 in afternoon New York trade and ended with a gain of 0.87%. Silver surged to as high as $16.146 and ended with a gain of 2.03%.

Exploration Update: Golden Arrow’s Pescado Project

Golden Arrow Resources Corp. (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), has begun an $1-million US exploration program at its 100-percent owned Pescado Gold Project in San Juan province, Argentina. The province of San Juan hosts several world-class mines and deposits, including the Gualcamayo gold mine which is situated approximately 10 kilometres to the north of Pescado. Golden Arrow’s management were involved in the discovery of the Gualcamayo gold deposit. Golden Arrow hopes to repeat past success in a region where they have a continuity of knowledge.

December 14: Gold and Silver End Slightly Lower

Gold gained $3.90 to $1259.10 in early Asian trade before it fell back to $1250.60 by midmorning in New York, but it then chopped back higher into the close and ended with a loss of just 0.18%. Silver slipped to as low as $15.829 and ended with a loss of 0.93%.

December 15: Gold and Silver Gain Roughly 1% on the Week

Gold gained $8.90 to $1261.90 by a little after 8AM EST before it dropped back to $1253.50 by late morning, but it then edged back higher into the close and ended with a gain of 0.22%. Silver rose to as high as $16.08 and ended with a gain of 0.88%.