• Gold: 1,275.54 0.39
  • Silver: 14.99 -0.01
  • Euro: 1.124 0.001
  • USDX: 97.367 -0.107
  • Oil: 64.06 0.19

World’s Largest Primary Silver Miner Production Plunges

4 days 4 hours ago

Silver production at the world’s largest producer fell significantly in the first quarter of the year. Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and reduced volumes of processed ore at its Fresnillo Mine. Furthermore, while silver production fell the most at its Fresnillo Mine, the company also experienced declines at its Saucito and San Julian Mines. Total silver production at Fresnillo PLC dropped by 15% in the first quarter compared to the same quarter in 2018.

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%.

Silvercorp Reports Q3 Results: Net Income of $12.7 Million, $0.08 per Share and Provides Fiscal 2019 Production and Cash Costs Guidance

Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the third quarter ended December 31, 2017. All amounts are expressed in US Dollars.

February 13: Gold and Silver Gain Again

Gold gained $9.40 to $1330.70 in London before it fell back to $1322.90 in early New York trade, but it then rallied back higher into the close and ended with a gain of 0.61%. Silver rose to as high as $16.683 and ended with a gain of 0.3%.

February 14: Gold and Silver Gain Almost 2%

Gold gained $7.60 to $1336.90 in Asia before it dropped back down to $1318.50 just after this morning’s inflation data was released, but it then soared back higher for most of the rest of trade and ended near its early afternoon high of $1355.50 with a gain of 1.72%. Silver rose to as high as $16.929 and ended with a gain of 1.81%.

February 15: Gold and Silver End Higher In Mixed Trade

Gold gained $4.90 to $1357.00 in late Asian trade before it drifted back to $1348.60 in London and then bounced back above unchanged in early New York trade ahead of another dip into midday, but it then rallied back higher into the close and ended with a gain of 0.1%. Silver swayed between $16.976 and $16.648 and ended with a gain of 0.06%.

February 16: Gold and Silver Gain Over 2% on the Week

Gold gained $8.30 to $1361.70 in Asia, but it then fell to as low as $1345.00 in New York and ended with a loss of 0.35%. Silver slipped to as low as $16.618 and ended with a loss of 1.18%.

Gold Leads Silver

It is partially true that silver outperforms gold during precious-metals bull markets. In particular, it’s true that silver tends to achieve a greater percentage gain than gold from bull-market start to bull-market end. It’s also the case that silver tends to do better during the final year of a cyclical bull market and during the late stages of the intermediate-term rallies that happen within cyclical bull markets. However, the early stages of gold-silver bull markets are characterised by relative strength in gold.

Update On the Gold/Silver Ratio

Join Mike Maloney in Acapulco for an update on the gold/silver ratio, which has recently hit extreme levels. How does Mike trade this to his advantage? Watch the video to find out.

Silver's Key Resistance

With the recognized top in the US dollar, it appears clear that renewed bull markets have begun across the commodity sector. Copper, crude oil and even gold are showing rallies and breakouts that promise much higher prices in the months ahead. But what's the matter with silver?

February 20: Gold and Silver Fall Over 1% With Dow

Gold waffled near unchanged in holiday thinned trade yesterday before it fell $13.20 to as low as $1335.50 at about 9AM EST today and then bounced back to $1342.90 by midmorning, but it then dropped to a new session low of $1328.40 by early afternoon and ended with a loss of 1.33%. Silver slipped to as low as $16.426 and ended with a loss of 1.26%.

February 21: Gold Ends Lower While Silver Edges Up

Gold dropped $5.20 to $1325.50 in late Asian trade before it rallied up to $1332.90 in midmorning New York trade and jumped up to a new session high of $1336.10 following the release of today’s fed minutes, but it then fell back off into the close and ended near its late low of $1322.60 with a loss of 0.47%. Silver climbed up to $16.764 before it also fell back off, but it still ended with a gain of 0.06%.

February 23: Gold and Silver Fall Roughly 1% on the Week

Gold fell $5.70 to $1325.80 in Asia before it bounced back to $1331.60 in London and then chopped back lower in New York, but it ended with a loss of just 0.17%. Silver slipped to as low as $16.499 and ended with a loss of 0.54%.

February 26: Gold and Silver Gain With Stocks

Gold gained $11.50 to $1340.80 in Asia before it fell back to $1330.20 by midday in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.29%. Silver rose to as high as $16.763 and ended with a gain of 0.67%.

February 27: Gold and Silver Fall Over 1% With Stocks and Oil

Gold edged up to $1334.70 in Asia, but it then fell all of the way back to $1313.50 in early afternoon New York trade and ended with a loss of 1.095%. Silver slipped to as low as $16.331 and ended with a loss of 1.26%.

$10,000 Gold - When Will Silver & Gold Finally Take Off?

In this video, Mike is joined by David Morgan to give their best attempts at predicting when the metals markets might start seeing performance akin to cryptocurrencies of late.

February 28: Gold and Silver Waffle Near Unchanged While Stocks Drop Again

Gold chopped in a relatively tight range of $1322.40 to $1316.00 and ended with a loss of just 0.08%. Silver rose to as high as $16.503 and ended with a loss of 0.18%.

March 1: Gold and Silver Erase Significant Early Losses to End Mixed

Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended with a loss of just 0.17%. Silver slipped to as low as $16.175 before it also rallied back higher and ended near its late session high of $16.548 with a gain of 0.61%.

March 2: Gold and Silver End Slightly Lower on the Week

Gold rose $10 to $1325.30 at about 9AM EST before it nearly erased that advance in the next few hours, but it then bounced back higher in afternoon trade and ended with a gain of 0.5%. Silver rose to as high as $16.573 and ended with a gain of 0.12%.

March 6: Gold and Silver Gain 1% and 2%

Gold gained $18.90 to as high as $1338.50 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 1.07%. Silver rose to as high as $16.858 and ended with a gain of 1.89%.

Silver Soared, So It’s Bullish, Right? Wrong.

It’s been only a couple of days since Thursday, when we closed our short positions and we have already seen a sizable rally in gold and silver. In fact, yesterday’s upswing was so significant that both precious metals already moved to the target areas that we featured on Monday, even though they were “scheduled” to move there at the end of the week. Is the top already in? Silver’s short-term outperformance definitely seems to suggest that it’s either in or at hand…

March 7: Gold and Silver Give Back Much of Yesterday’s Gains

Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into the close, but it still ended with a loss of 0.64%. Silver slipped to as low as $16.437 and ended with a loss of 1.55%.

March 13: Gold and Silver Gain But Miners Struggle With Stocks

Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and then dropped back down to $1318.70 by a little after 10AM EST, but it then climbed to a new session high of $1328.30 in early afternoon trade and ended with a gain of 0.16%. Silver rose to as high as $16.652 and ended with a gain of 0.12%.

March 14: Gold and Silver Hold Steady While Stocks Drop Again

Gold gained $4.30 to $1330.10 in Asia before it fell back to $1321.60 in midmorning New York trade, but it then chopped back higher into the close and ended with a loss of just 0.045%. Silver sloshed between $16.654 and $16.501 and ended with a loss of 0.12%.

May 7: Gold and Silver Hold Near Unchanged

Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, but it then bounced back higher in New York and ended with a gain of 0.02%. Silver chopped between $16.568 and $16.404 and ended with a loss of 0.18%.

Purchasing Power – In Silver

Exponential increases in debt, spending, and social programs have a limited lifetime in our finite world. If something cannot continue, it will stop. An ugly reset is inevitable. Silver prices rise as the dollar is devalued. When priced in silver ounces, most commodity prices are stable. When priced in silver, debt and paper assets have risen since 1913 when bankers paid congress to approve the Federal Reserve. Silver has been money and a common currency for thousands of years. Treasury notes and digital dollars have been important for a few decades. The distinction is important.

May 8: Gold and Silver Close Slightly Higher

Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.01%. Silver rose to as high as $16.519 and ended with a gain of 0.06%.

May 9: Gold and Silver End Mixed

Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York trade and then drifted back lower into the close, but it ended with a loss of just 0.2%. Silver dropped down to $16.354 before it rallied back to $16.616 and then also fell back off again, but it still ended with a gain of 0.01%.

May 10: Gold and Silver Gain Roughly 1%

Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then rallied back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $16.75 and ended with a gain of 1.39%.

Market Report: Gold Still Underwritten At $1300

Gold and silver refuse to sink below their established lower consolidation levels, despite dollar strength. As can be seen in our headline chart, silver has enjoyed a decent bounce since 1 May, and gold has held firm at $1300, up 5% from the December low. Since last Friday, gold is up $8 in early European trade this morning (Friday) at $1323, having spiked down to as low as $1304 on Wednesday. Over the same time-scale, silver is up 23 cents on balance at $16.75.

May 11: Gold and Silver End Slightly Higher on the Week

Gold gained $5.30 to $1325.90 at about 8AM EST before it drifted back lower in New York, but it ended with a loss of just 0.13%. Silver rose to as high as $16.828 and ended with a loss of 0.3%.

Incomplete silver COT analysis

During March and April a number of articles appeared at precious-metals-focused web sites describing the silver market’s Commitments of Traders (COT) situation as extremely bullish. However, this unequivocally bullish interpretation overlooked aspects of the COT data that were bearish for silver. Taking all aspects of the data into consideration, my interpretation at the time (as presented in TSI commentaries) was that silver’s COT situation was neutral and that the setup for a large rally was not yet in place.

May 14: Gold and Silver Fall as Dollar Reverses Higher

Gold gained $3.40 to $1322.30 in Asia before it chopped back to $1318.10 in early New York trade and then bounced back higher at times, but it then fell back off again into the close and ended with a loss of 0.41%. Silver slipped to as low as $16.499 and ended with a loss of 0.9%.

The Silver Coil Is Tightening

Is silver going to be making a big move sometime soon? The evidence is building that the answer to that question might be yes. Join Mike Maloney for this latest update on the silver market.

Silver’s Long Consolidation Looks Like a Launching Pad

The primary trend for gold and silver over the past year and a half has been the absence of any clear direction in prices. Metals markets have been stuck in consolidation mode. Yet for silver, in particular, that consolidation has formed a clear and potentially powerful pattern.

May 15: Gold and Silver Fall Roughly 1.5%

Gold fell $24.80 to $1288.70 by midafternoon in New York before it bounced back higher into the close, but it still ended with a loss of 1.6%. Silver slipped to as low as $16.204 and ended with a loss of 1.45%.

May 16: Gold and Silver End Mixed

Gold gained $4.30 to $1296.80 in Asia before it dropped back to $1286.50 in London and then bounced back higher in New York, but it still ended with a loss of 0.16%. Silver edged up to $16.342 before it fell back to $16.187, but it then climbed to new session highs into the close and ended with a gain of 0.55%.

May 17: Gold and Silver Chop Near Unchanged

Gold saw slight gains in Asia before it dropped back to $1285.40 in London and then rebounded in New York, but it ended with a gain of just 0.05%. Silver chopped between $16.325 and $16.489 and ended with a gain of 0.43%.

May 18: Gold and Silver Fall Roughly 2% on the Week

Gold fell $4.90 to $1286.10 at about 9AM ET before it bounced back to $1292.90 in the next couple of hours of trade and then pared back to about unchanged by midday, but it then edged back higher into the close and ended with a gain of 0.05%. Silver dipped down to $16.361 before it rallied back to $16.466, but it then edged back lower in the final minutes of trade and ended with a loss of 0.06%.

Ira Epstein's Silver Report

On a close under 15.90, you might consider a purchase of a 14.00 Put. On a close over 16.25, consider a 19.00 Call. Once you enter, consider writing a further out of the money Put if you bought a Put or writing a further out of the money Call if you bought a Call. By doing so, you will cut down the amount of risk and cost of the original Put or Call while allowing participation via the breakout.

Incomplete silver COT analysis, revisited

In a blog post a week ago I discussed why silver’s Commitments of Traders (COT) situation was nowhere near as bullish as it had been portrayed in numerous articles over the preceding two months. This prompted some criticism that involves a misunderstanding of how I use the COT data. Before I address the criticism, a brief recap is in order.

SWOT Analysis: Is Silver Poised For A Rebound?

The best performing metal this week was silver, down just 1.34 percent. Both gold and silver stabilized by Wednesday, after real yields surged about 9 basis points the first few days of the week, and then largely traded sideways the rest of the week. Despite the dollar the interest rates continued higher, but at a slower pace.

May 21: Gold and Silver Reverse Overnight Losses To End Higher

Gold fell $9.70 to $1282.00 in Asia, but it then rallied back higher throughout trade in London and New York and ended near its late session high of $1292.90 with a gain of 0.04%. Silver rose to as high as $16.516 and ended with a gain of 0.43%.

May 22: Gold and Silver End Mixed

Gold dipped $4.30 to $1287.90 in Asia before it edged up to $1296.00 by midmorning in New York and then drifted back lower into the close, but it ended with a loss of just 0.02%. Silver chopped between $16.448 and $16.665 and ended with a gain of 0.24%.

May 23: Gold Gains While Silver Slips

Gold dipped $2.70 to $1289.20 in Asia before it bounced back to $1297.80 in London and then fell to a new session low of $1288.30 at about 9AM EST in New York, but it then chopped back higher into the close and ended with a gain of 0.13%. Silver slipped to as low as $16.319 before it also rallied back higher, but it still ended with a loss of 0.54%.

May 24: Gold and Silver Gain Roughly 1%

Gold gained $13 to $1306.60 by midmorning In New York before it drifted back lower at times, but it still ended with a gain of 0.83%. Silver rose to as high as $16.688 and ended with a gain of 1.28%.

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

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%.

Surging COMEX Silver Deliveries

The month of May is a "delivery month" for COMEX silver, and the total amount of "deliveries" has reached a level not seen since 2007. As you can see below, the total amount of "deliveries" for May has reached 7,157 contracts. This is the highest one-month total since December of 2007, and it represents a total "delivery" of nearly 36,000,000 ounces of "silver". (Thanks to Nick Laird at GoldChartsRUs!)

June 4: Gold and Silver End Near Unchanged in Mixed Trade

Gold dipped $2.70 to $1290.40 in Asia before it rallied up to $1297.70 in London, but it then drifted back lower in New York and ended with a loss of 0.1%. Silver chopped between $16.37 and $16.542 and ended with a gain of 0.06%.