• Gold: 1,301.33 1.22
  • Silver: 16.47 -0.02
  • Euro: 1.165 -0.001
  • USDX: 94.188 0.279
  • Oil: 67.69 -3.01

May 25: Gold and Silver Find Slight Gains on the Week

9 hours 49 min ago

Gold chopped up to $1307.80 at about 9AM EST before it drifted back lower into the close, but it ended with a loss of just 0.31%. Silver slipped to as low as $16.489 and ended with a loss of 0.36%.

November 7: Gold and Silver Fall Back A Bit

Gold edged down to $1275.30 at about 4AM EST before it bounced back to $1280.10 in midmorning New York trade and then dropped to a new session low of $1272.30 by late morning, but it then chopped back higher into the close and ended with a loss of just 0.36%. Silver slipped to $16.987 before it rallied back to $17.183, but it then fell to $16.925 in early afternoon trade and ended with a loss of 1.65%.

November 8: Gold and Silver Gain With Stocks

Gold gained $10.70 to $1287.10 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 0.35%. Silver rose to as high as $17.242 and ended with a gain of 0.29%.

November 10: Gold and Silver End Slightly Higher on the Week

Gold saw only slight losses in Asia and London, but it then plummeted down to $1273.60 in early afternoon New York trade and ended with a loss of 0.79%. Silver slipped to as low as $16.798 and ended with a loss of 0.71%.

Silver Sign’s Confirmation And More

Summing up, it seems that silver is going to decline significantly in the coming weeks and months, but we should not be surprised by an interim corrective upswing (possibly triggered by a reversal in the USD Index when the latter moves close to the 96 level). The awareness of a specific turning point in the first days of December is something that will become particularly important once we get closer to this date - it will be very useful in connection with the direction in which silver will move in the final part of November.

November 13: Gold and Silver Gain With Stocks

Gold gained $3.50 to $1279.40 in London before it dropped back towards unchanged in early New York trade, but it then climbed to a new session high at $1279.70 by late morning and ended with a gain of 0.13%. Silver rose to as high as $17.068 and ended with a gain of 0.83%.

November 14: Gold Gains While Stocks Fall

Gold dropped $6.80 to $1270.80 in Asia before it rebounded to $1276.30 in London and then fell back towards its earlier low after this morning’s PPI data was released, but it then jumped to as high as $1283.60 in afternoon New York trade and ended with a gain of 0.21%. Silver rose to as high as $17.088 and ended with a loss of 0.06%.

November 15: Gold and Silver Reverse Early Gains To End Slightly Lower

Gold gained $8.80 to $1289.10 just after 8:30AM EST before it dropped back to $1277.00 in midafternoon trade, but then edged back higher in the last hour of the day and ended with a loss of just 0.13%. Silver rose to as high as $17.197 and ended with a loss of 0.24%.

November 16: Gold Holds Near Unchanged While Stocks Gain on Tax Vote

Gold gained $3 to $1281.60 in midmorning New York trade before it chopped back lower into the close, but it ended with a loss of just 0.01%. Silver rose to as high as $17.122 and ended with a gain of 0.59%.

November 17: Gold and Silver Gain Over 1% and 2% on the Week

Gold saw only slight gains in Asia and London, but it then climbed steadily higher throughout most of trade in New York and ended near its early afternoon high of $1296.70 with a gain of 1.21%. Silver rose to as high as $17.371 and ended with a gain of 1.17%.

November 20: Gold and Silver Give Back Friday’s Gains

Gold fell throughout most of the morning in New York and ended near its early afternoon low of $1275.10 with a loss of 1.28%. Silver slipped to as low as $16.847 and ended with a loss of 2.03%.

November 21: Gold and Silver Gain With Stocks

Gold gained $4 to $1281.30 in Asia before it dropped back to $1276.30 in London, but it then jumped up to $1284.70 in New York and ended with a gain of 0.2%. Silver rose to as high as $17.051 and ended with a gain of 0.12%.

November 22: Gold and Silver Gain About 1%

Gold saw only modest gains in Asia and London, but it then climbed steadily higher in New York and ended near its late session high of $1294.50 with a gain of 0.91%. Silver rose to as high as $17.162 and ended with a gain of 1.12%.

Silvercorp Announces Share Repurchase Program

Silvercorp Metals Inc. ("Silvercorp" or the "Company") is pleased to announce a Normal Course Issuer Bid to acquire up to 8,409,712, common shares, representing approximately 5% the 168,194,254 common shares issued and outstanding as of November 16, 2017.

The Precious Metals Bears' Fear of Fridays

In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week.

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.

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%.

Silver Volume Extreme as in April 2013

During yesterday’s session silver moved back and forth in a volatile manner on volume that was the highest since April 2013. There were a few volume spikes in the meantime, but none as big as what we saw yesterday. The silver market is being very loud. But are you listening?

January 17: Gold and Silver End Lower in Mixed Trade

Gold chopped between $1343.90 and $1332.90 in Asia and bounced back to $1338.90 in London before it fell to a new session low of $1332.00 in late morning New York trade and then jumped back to as high as $1340.50 in early afternoon trade, but it then dropped to a new session low of $1327.00 in late trade and ended with a loss of 0.77%. Silver slipped to as low as $16.992 and ended with a loss of 1.1%.

January 18: Gold and Silver Edge Lower in Late Trade

Gold fell $4.80 to $1324.20 in Asia before it chopped up to $1333.00 in late morning New York trade, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to as low as $16.908 and ended with a loss of 0.47%.

January 19: Gold and Silver Fall Roughly 1% on the Week

Gold gained $11.60 to $1337.90 in late Asian trade before it drifted back lower in London and New York, but it still ended with a gain of 0.44%. Silver rose to as high as $17.124 and ended with a gain of 0.47%.

Why You Must Own Silver in 2018

Silver has often rebounded nearly 100% within 12-15 months after bad and long bear markets. History says Silver is ripe for a similar move over the next 12 to 18 months. Since Silver follows Gold, a breakout in Gold could be a huge catalyst for Silver to test and break resistance at $20/oz. If that happens, Silver would be on its way to another, typical substantial rebound. It has happened before and we expect it will happen again. We already own a few juniors with the best silver deposits but we continue to look for junior explorers and silver plays with 5 to 10-fold potential that could benefit from a breakout in precious metals.

Silver shaping up to outshine gold in the months ahead

So has something fundamental changed? Or could silver snap back with some really spectacular gains in 2018, particularly if the nascent bull market in gold we have seen so far this year picks up speed?

January 22: Gold Ends Slightly Higher

Gold waffled between $1335.60 and $1328.60 in Asia before it climbed back up to $1335.50 in late morning New York trade and then fell back under unchanged by early afternoon, but it then jumped back higher into the close and ended with a gain of 0.18%. Silver chopped between $17.095 and $16.945 and ended with a loss of 0.06%.

January 23: Gold and Silver Gain With Oil

Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then extended to as high as $1341.50 in the last hour of trade and ended with a gain of 0.48%. Silver rose to as high as $17.092 and ended with a gain of 0.24%.

Positioning Ahead of Additional Dollar Weakness

Through the first three weeks of 2018, one of the key stories has been the falling US dollar. Expect this trend to continue and even accelerate as we go through the year. After peaking with a false breakout near 104 in early 2017, the US dollar (as measured by the Dollar Index) has continued to plummet in 2018. As I type, the index is near 90 and already down over 2% year-to-date. Dollar weakness has traditionally been positive for commodity prices, and the evidence of this can be seen below.

January 24: Gold and Silver Gain Roughly 1% and 3%

Gold climbed up to $1355.40 in midmorning New York trade before it pared back a bit into midday, but it then jumped to as high as $1361.70 in afternoon trade and ended with a gain of 1.25%. Silver rose to as high as $17.616 and ended with a gain of 2.99%.

January 25: Gold and Silver Fall Roughly 1%

Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back towards its earlier high by about 1:30PM EST, but it then dove back lower into the close and ended near its late session low of $134290 with a loss of 0.71%. Silver slipped to as low as $17.148 and ended with a loss of 1.48%.

January 26: Gold and Silver Gain Over 1% and 2% on the Week

Gold gained $9 to $1357.00 in Asia before it drifted back to $1348.90 in London, but it then bounced back higher in New York and ended with a gain of 0.12%. Silver rose to as high as $17.535 and ended with a gain of 0.64%.

Silver Bullion: Once and Future Money

– “Silver is as much a monetary metal as gold” – Rickards – U.S. following footsteps of Roman Empire which collapsed due to currency debasement (must see table) – Silver bullion is set to rally due to a combination of supply/demand fundamentals, geopolitical pressures creating safe haven demand, and increasing inflation expectations as confidence in central banking and fiat money erodes – “Silver is ripe for a major breakout to the upside in 2018″ – analyst Samson Li of Reuters

AbraPlata Provides Update on its Diablillos Silver-Gold Project in Argentina and Streamlining of Management Structure

AbraPlata Resource Corp. (ABRA.V) (ABBRF) (1AH.F) ("AbraPlata" or the "Company") is pleased to provide an update on its Diablillos property in Salta Province, Argentina. Having recently completed a non-brokered private placement of $2 million (see the Company`s news release dated January 12, 2018), AbraPlata is in the process of finalizing a Preliminary Economic Assessment (“PEA”) of its Diablillos silver-gold project, the results of which are expected to be announced by the end of Q1 2018. In addition, the Company is preparing plans for 2018 drill testing of newly identified exploration targets aimed at expanding the mineral resource base on the property.

January 29: Gold and Silver Fall Roughly 1%

Gold fell $11.70 to $1337.90 in late morning New York trade before it bounced back higher in the next few hours, but it still ended with a loss of 0.56%. Silver slipped to as low as $17.116 and ended with a loss of 1.32%.

January 30: Gold and Silver End Slightly Lower, Dow Drops Markedly

Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then fell back off into the close and ended with a loss of 0.39%. Silver slipped to as low as $17.073 and ended with a loss of 0.41%.

January 31: Gold and Silver End Roughly 1% Higher

Gold gained $8.30 to $1345.10 by midmorning in New York before it dropped back to $1334.10 after this afternoon’s fed statement, but it then shot back higher into the close and ended near its late session high of $1347.50 with a gain of 0.67%. Silver rose to as high as $17.385 and ended with a gain of 1.29%.

February 1: Gold Jumps Higher in Late Trade

Gold fell $8.30 to $1337.40 in London, but it then rallied back higher throughout most of trade in New York and ended near its late session high of $1350.60 with a gain of 0.32%. Silver slipped to as low as $17.107 and ended with a loss of 0.52%.

Do You Prefer Poison or Antidote?

Gold and silver, ESPECIALLY SILVER, are undervalued and unappreciated in 2018. Attention goes to new highs in the Dow, NASDAQ, Bitcoin and other cryptocurrencies. The U.S. stock market has risen for nine years, while silver has fallen for seven years. A reversal is due and may have occurred by the time you read this, or it may occur later in 2018.

February 2: Gold and Silver Fall Over 1% and 4% on the Week

Gold fell $22.50 to as low as $1327.50 in late morning New York trade before it bounced back higher in afternoon trade, but it still ended with a loss of 1.35%. Silver slipped to as low as $16.554 and ended with a loss of 3.71%.

Fresh New 2018 Lows in Silver and Mining Stocks

Silver was just breaking to new highs, gold stocks (HUI) were above the 205 level and gold was at levels not seen since August 2016. Gold and silver bulls were cheering. They are not cheering anymore. Even though the above was the case just several days ago, it was all invalidated, just like we expected it to be. Based on what happened on Friday, silver and mining stocks are at their new 2018 lows and their entire 2018 performance is a one huge bearish reversal. Where will precious metals in the following weeks?

February 5: Gold and Silver Gain While Dow Suffers Worst Daily Point Plunge in History

Gold gained $6.80 to $1338.60 in London before it drifted back towards unchanged in New York, but it then jumped to a new session high of $1341.50 in the last hour of trade and ended with a gain of 0.34%. Silver rose to as high as $16.904 and ended with a gain of 0.6%.

February 6: Gold and Silver Erase Overnight Gains and End Roughly 1% Lower

Gold gained $9.70 to $1346.00 in early Asian trade and held most of those gains into London, but it then fell back off for most of trade in New York and ended near its late session low of $1320.20 with a loss of 1.09%. Silver slipped to as low as $16.589 and ended with a loss of 0.6%.

February 7: Gold and Silver Fall with Stocks, Bonds, and Oil

Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midafternoon low of $1311.90 with a loss of 0.48%. Silver climbed up to $16.775 before it dropped back to $16.297 and then bounced back higher in late trade, but it still ended with a loss of 1.63%.

February 8: Gold and Silver Gain While Stocks Drop Roughly 4%

Gold dropped $8 to $1307.30 in London before it bounced back to $1316.90 at about 9:30AM EST and then fell back to $1312.70 in the next hour of trade, but it then climbed to a new session high of $1321.90 by early afternoon and ended with a gain of 0.14%. Silver rose to as high as $16.467 and ended with a gain of 0.31%.