• Gold: 1,326.65 1.73
  • Silver: 16.68 0.06
  • Euro: 1.221 0.001
  • USDX: 90.854 -0.092
  • Oil: 69.31 0.39

April 23: Gold and Silver Fall Almost 1% and 3%

10 hours 9 min ago

Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of hours, but it still ended with a loss of 0.79%. Silver slipped to as low as $16.592 and ended with a loss of 2.92%.

April 10: Gold and Silver Gain with Stocks and Oil

Gold dipped $6 to $1331.30 in Asia before it bounced up to $1342.40 in early afternoon New York trade and then drifted back lower at times, but it still ended with a gain of 0.25%. Silver chopped between $16.435 and $16.645 and ended with a gain of 0.48%.

April 11: Gold and Silver Gain with Oil While Stocks Fall

Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back under $1350 by a little after 2PM EST, but it then bounced back higher into the close and ended with a gain of 0.78%. Silver rose to as high as $16.866 and ended with a gain of 0.48%.

April 12: Gold and Silver Fall Over 1%

Gold saw slight gains in Asia, but it then fell throughout most of trade in London and New York and ended near its late session low of $1333.90 with a loss of 1.18%. Silver slipped to as low as $16.451 and ended with a loss of 1.08%.

Market Report: Break-Out Hopes Dashed

After inching better on Monday and Tuesday, gold and silver finally made a break for it on Wednesday in good volume on Comex, with gold peaking at $1365 intraday, and silver at $16.87. Those of us watching gold’s established trading range, and silver’s extreme oversold position thought this could be the start of a major breakout to the upside. Those hopes were dashed on Thursday, when both metals retreated, giving up most of their gains on the week.

April 13: Gold and Silver Gain Almost 1% and 2% on the Week

Gold gained $6.40 to $1341.60 in Asia before it dropped back to almost unchanged at $1335.60 in London, but it then rose to as high as $1347.10 in early afternoon New York trade and ended with a gain of 0.69%. Silver rose to as high as $16.683 and ended with a gain of 0.97%.

April 16: Gold and Silver End Higher in Mixed Trade

Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.12%. Silver edged down to $16.55 before it rose to as high as $16.77 and then also fell back off, but it still ended with gain of 0.18%.

April 17: Gold and Silver Reverse Morning Losses To End Higher

Gold gained $2.80 to $1348.80 in Asia before it fell back to $1337.70 at about 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.1%. Silver chopped between $16.584 and $16.799 and ended with a gain of 0.6%.

Silver Bullion Remains Good Value On Positive Supply And Demand Factors

– Industrial demand set to continue to climb from 2017, into 2018 and beyond – Speculators are bearish on silver as net short positions in silver futures reach record – Investment demand sees silver ETF holdings at eight-month high of 665.4 million ozs – 2017 saw fifth consecutive annual physical deficit in scrap silver, of 26 moz – Global silver mine production fell 4% last year, 2nd consecutive year of decline – Fundamentals and speculative positions suggest silver may soon see strong gains

April 18: Gold Gains and Silver Surges Over 2%

Gold fell $5 to $1342.30 in Asia before it climbed up to $1355.60 in late morning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.1%. Silver rose to as high as $17.256 before it also fell back off, but it still ended with a gain of 2.44%.

April 19: Gold Edges Lower While Silver Gains

Gold gained $6 to $1354.60 in Asia before it dropped back to $1341.10 in late morning New York trade and then bounced back higher into the close, but it still ended with a loss of 0.19%. Silver climbed up to $17.349 before it fell down to $17.074, but it quickly rebounded and ended with a gain of 0.41%.

April 20: Gold Dips on the Week While Silver Rises Almost 3%

Gold fell $11 to $1335.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.77%. Silver slipped to as low as $17.044 and ended with a loss of 0.7%.

Silver on the verge of a break out

Silver prices are trading almost 25% below the values predicted by our price model. This is the largest downside deviation we have seen in over 25 years. We believe this is the result of massive short selling in the futures market. In order to maintain this downward pressure on silver, speculators would have to continue to sell over 500 million ounces of paper silver per year. A reversal of this positioning could lead a >30% rally in silver prices in our view.

Market Report: Silver Is The Star

Having performed indifferently since the price fell in late January, the silver price suddenly broke out of its torpor with a 45-cent rise on Wednesday and peaked intraday yesterday at $17.36. Gold is still confined within its established trading range and is yet to break out.

Happy Anniversary, Silver Investors!

The silver volume that we saw last week was huge and we don’t mean only the one that accompanied the sizable daily price spike. The volume was huge also if we take the entire week into account. In fact, there was only a single week when silver rallied on volume that was bigger than what we saw during last week’s rally – ever. That was the 2011 silver top, when the emotions reached their zenith.

April 23: Gold and Silver Fall Almost 1% and 3%

Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of hours, but it still ended with a loss of 0.79%. Silver slipped to as low as $16.592 and ended with a loss of 2.92%.

April 11: Gold and Silver Gain with Oil While Stocks Fall

Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back under $1350 by a little after 2PM EST, but it then bounced back higher into the close and ended with a gain of 0.78%. Silver rose to as high as $16.866 and ended with a gain of 0.48%.

April 12: Gold and Silver Fall Over 1%

Gold saw slight gains in Asia, but it then fell throughout most of trade in London and New York and ended near its late session low of $1333.90 with a loss of 1.18%. Silver slipped to as low as $16.451 and ended with a loss of 1.08%.

Market Report: Break-Out Hopes Dashed

After inching better on Monday and Tuesday, gold and silver finally made a break for it on Wednesday in good volume on Comex, with gold peaking at $1365 intraday, and silver at $16.87. Those of us watching gold’s established trading range, and silver’s extreme oversold position thought this could be the start of a major breakout to the upside. Those hopes were dashed on Thursday, when both metals retreated, giving up most of their gains on the week.

April 13: Gold and Silver Gain Almost 1% and 2% on the Week

Gold gained $6.40 to $1341.60 in Asia before it dropped back to almost unchanged at $1335.60 in London, but it then rose to as high as $1347.10 in early afternoon New York trade and ended with a gain of 0.69%. Silver rose to as high as $16.683 and ended with a gain of 0.97%.

April 16: Gold and Silver End Higher in Mixed Trade

Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.12%. Silver edged down to $16.55 before it rose to as high as $16.77 and then also fell back off, but it still ended with gain of 0.18%.

April 17: Gold and Silver Reverse Morning Losses To End Higher

Gold gained $2.80 to $1348.80 in Asia before it fell back to $1337.70 at about 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.1%. Silver chopped between $16.584 and $16.799 and ended with a gain of 0.6%.

Silver Bullion Remains Good Value On Positive Supply And Demand Factors

– Industrial demand set to continue to climb from 2017, into 2018 and beyond – Speculators are bearish on silver as net short positions in silver futures reach record – Investment demand sees silver ETF holdings at eight-month high of 665.4 million ozs – 2017 saw fifth consecutive annual physical deficit in scrap silver, of 26 moz – Global silver mine production fell 4% last year, 2nd consecutive year of decline – Fundamentals and speculative positions suggest silver may soon see strong gains

April 18: Gold Gains and Silver Surges Over 2%

Gold fell $5 to $1342.30 in Asia before it climbed up to $1355.60 in late morning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.1%. Silver rose to as high as $17.256 before it also fell back off, but it still ended with a gain of 2.44%.

Is This The Long-Awaited Silver Short Squeeze, The Beginning Of The Next Bull Market, Or Both? Or, Sigh, Neither?

Longer term, this is the kind of attention-getting action that puts an asset back on the radar screens of non-true-believers. As hard as it is for us gold-bugs to imagine, the vast majority of people aren’t watching precious metals and have no idea why silver matters. They do, however, notice when the price of something jumps. So if this short squeeze has legs and generates some headlines, it could pull in enough momentum chasing money to create a positive feedback loop in which rising prices beget more rising prices.

April 19: Gold Edges Lower While Silver Gains

Gold gained $6 to $1354.60 in Asia before it dropped back to $1341.10 in late morning New York trade and then bounced back higher into the close, but it still ended with a loss of 0.19%. Silver climbed up to $17.349 before it fell down to $17.074, but it quickly rebounded and ended with a gain of 0.41%.

April 20: Gold Dips on the Week While Silver Rises Almost 3%

Gold fell $11 to $1335.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.77%. Silver slipped to as low as $17.044 and ended with a loss of 0.7%.

Silver on the verge of a break out

Silver prices are trading almost 25% below the values predicted by our price model. This is the largest downside deviation we have seen in over 25 years. We believe this is the result of massive short selling in the futures market. In order to maintain this downward pressure on silver, speculators would have to continue to sell over 500 million ounces of paper silver per year. A reversal of this positioning could lead a >30% rally in silver prices in our view.

Market Report: Silver Is The Star

Having performed indifferently since the price fell in late January, the silver price suddenly broke out of its torpor with a 45-cent rise on Wednesday and peaked intraday yesterday at $17.36. Gold is still confined within its established trading range and is yet to break out.

Happy Anniversary, Silver Investors!

The silver volume that we saw last week was huge and we don’t mean only the one that accompanied the sizable daily price spike. The volume was huge also if we take the entire week into account. In fact, there was only a single week when silver rallied on volume that was bigger than what we saw during last week’s rally – ever. That was the 2011 silver top, when the emotions reached their zenith.

April 23: Gold and Silver Fall Almost 1% and 3%

Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of hours, but it still ended with a loss of 0.79%. Silver slipped to as low as $16.592 and ended with a loss of 2.92%.