• Gold: 1,261.87 -1.90
  • Silver: 17.60 -0.03
  • Euro: 1.093 -0.001
  • USDX: 98.785 -0.385
  • Oil: 49.28 -0.14

April 25: Gold and Silver Fall Almost 1% and 2%

4 hours 1 min ago

Gold fell $14.10 to $1262.00 in early afternoon New York trade before it bounced back higher at times, but it still ended with a loss of 0.96%. Silver slipped to as low as $17.566 and ended with a loss of 1.62%.

March 9: Gold and Silver Fall Back to About $1200 and $17

Gold fell $5.20 to $1203.50 in late Asian trade before it bounced back to $1209.00 at about 8AM EST, but it then fell to a new session low of $1201.40 in the last minutes of the day and ended with a loss of 0.56%. Silver slipped to as low as $16.943 and ended with a loss of 1.57%.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history. For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money”. Even today, silver is still much more widely accessible. With one ounce of gold being 70x more expensive than an ounce of silver, it’s difficult for someone who is just starting to accumulate wealth to own gold.

Silver Market Morning: Mar 9 2017 - Gold drifting looking for a bottom!

At the close in Shanghai today, the gold price was trading at 272.01 Yuan once again, which directly translates into $1,224.15. But allowing for the difference of gold being traded this equates to a price of $1,219.15. This is $10.45 higher than the New York close and $14.15 higher than London.

Silver Very Undervalued from Historical Perpective of Ancient Greece

– What wages in ancient Athens can tell us about the silver price today – Wages paid in silver in ancient Athens compared to wages today – Silver massively undervalued compared to the past few thousand years

March 8: Gold and Silver Fall As Dollar Tops 102

Gold fell $9 to $1206.80 in early New York trade before it chopped back higher into the close, but it still ended with a loss of 0.58%. Silver slipped to as low as $17.213 and ended with a loss of 1.37%.

More Bad News for the LBMA Silver Price, but an Opportunity for Overhaul

On Friday 3 March 2017, in a surprise announcement with implications for the global silver market, the London Bullion Market Association (LBMA) informed its members that the current administrator and calculation agent of its recently launched LBMA Silver Price auction, Thomson Reuters and the CME Group respectively, will be pulling out of providing their services to the problematic London-based silver price benchmark within the near future. Thomson Reuters and the CME Group issued identical statements.

Silver Market Morning: Mar 8 2017 - Gold drifting!

At the close in Shanghai today, the gold price was trading at 274.02 Yuan once again, which directly translates into $1,234.34. But allowing for the difference of gold being traded this equates to a price of $1,229.34. This is $13.54 higher than the New York close and $16.74 higher than London.

March 7: Gold and Silver Fall With Stocks Once More

Gold held near unchanged in Asia, but it then fell back off in London and New York and ended near its late session low of $1214.20 with a loss of 0.83%. Silver slipped to as low as $17.468 and ended with a loss of 1.63%.

Silver Market Morning: Mar 7 2017 - Gold waiting for the rate hike!

At the close in Shanghai today, the gold price was trading at 275.50 Yuan once again, which directly translates into $1,242.23. But allowing for the difference of gold being traded this equates to a price of $1,237.23. This is $11.23 higher than the New York close and $13.08 higher than London.

March 6: Gold and Silver Fall With Stocks Again

Gold fell $9.50 to $1224.90 in early afternoon New York trade before it rebounded slightly, but it still ended with a loss of 0.68%. Silver slipped to as low as $17.703 and ended with a loss of 0.89%.

New research shows how silver could be the key to gold-standard flexible gadgets

Research published in the journals Materials Today Communications and Scientific Reports has described how silver nanowires are proving to be the ideal material for flexible, touch-screen technologies while also exploring how the material can be manipulated to tune its performance for other applications. Currently, touch screen devices mainly rely on electrodes made from indium tin oxide (ITO), a material that is expensive to source, expensive to process and very brittle.

CME, Thomson Reuters step down from providing London silver benchmark

CME Group and Thomson Reuters are to step down from providing the LBMA silver price benchmark auction, the London Bullion Market Association said on Friday, less than three years after they successfully bid to provide the process.

March 3: Gold and Silver Fall About 2% on the Week

Gold fell $12 to $1223 in early afternoon New York trade before it jumped back to $1236.00 after Yellen raised the possibility of the fed keeping rates stable, but it then drifted back lower into the close and ended with a loss of 0.05%. Silver surged to as high as $17.972 and ended with a gain of 1%.

Shareholder Update from Golden Arrow Executive Chairman, President and CEO

"The option agreement with Silver Standard Resources (SSO.TO) (SSRI) for the combination of Golden Arrow's Chinchillas Project with Silver Standard's Pirquitas Mine is still in progress (see Golden Arrow News Release dated October 1, 2015). As the 18 month option draws to a close on March 30, 2017, we await Silver Standard's decision. We are appreciative for the professional and transparent technical cooperation between Silver Standard and Golden Arrow which has allowed the advancement of our Chinchillas deposit to this advanced mine planning and prefeasibility stage. Golden Arrow is committed to the Business Combination Agreement and we look forward to fully achieving a final resolve by March 30, 2017."

Market Report: Silver hammered

On Comex, the large four traders category late in February was net short about 78,000 contracts, while the managed money category was net long 77,000 contracts. We won’t know for sure how this jumbo sale has effected this balance until the Commitment of Traders report for the current period is issued on 10th March. But it appears that one of the large four (it had to be one of them because of the size of the transaction) took the view that flaky hedge funds, in aggregate net long of what they were short, could be panicked out of their positions. Furthermore, the timing of the sale tells us that these flaky longs are in the US time zone, and that the seller didn’t want to see his shorts absorbed by more solid European buyers, who might take the opportunity to add to their positions.

Now that the silver rig is as obvious the gold rig, will anyone else speak out?

Central banks gave their gold game away in April 2013 when they used the futures markets to knock the price down by more than $200 with relentless selling over several days. The selling had to be inspired by central banks because there was no important relevant news in the market to spook investors and because nobody else would have had access to the huge amounts of metal and capital involved.

March 2: Gold and Silver Fall With Stocks

Gold fell $18.70 to $1231.20 in midafternoon New York trade before it bounced back higher in the last 90 minutes of the day, but it still ended with a loss of 1.19%. Silver slipped to as low as $17.711 and ended with a loss of 3.53%.

SilverCrest Reports First Drill Results from Babicanora Vein; Multiple Intercepts Greater Than 1,000 gpt AgEq*

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce its first drill hole results for the Babicanora Vein within the Las Chispas Property (the "Property") located in Sonora, Mexico. As part of the Company's Phase II Exploration Program, underground drilling at the Babicanora Vein is testing the historic silver-gold mine (see attached Photos and Figures).

March 1: Gold and Silver End Mixed While Stocks Surge Higher

Gold fell $14.50 to $1237.10 at about 9AM EST before it climbed back to $1250.50 in early afternoon trade and then chopped back lower, but it ended with a loss of just 0.13%. Silver slipped to as low as $18.265 before it bounced back to $18.459 and then also fell back off, but it still ended with a gain of 0.33%.

Silver Market Morning: Mar 1 2017 - Gold was not Trumped but took a step back!

At the close in Shanghai today, the gold price was trading at 279.50 Yuan once again, which directly translates into $1,263.89. But allowing for the difference of gold being traded this equates to a price of $1,258.89. This is $7.39 higher than the New York close and $14.89 higher than London.

February 28: Gold and Silver Close Higher Before Trump's Speech Tonight

Gold gained $7.20 to $1258.20 in midmorning New York trade before it plummeted back to $1247.70 by a little after 1:30PM EST, but it then bounced back higher into the close and ended with a gain of 0.05%. Silver rose to as high as $18.457 before it also fell back off, but it still ended with a gain of 0.6%.

Silver Market Morning: Feb 28 2017 - Gold waits to be Trumped!

At the close in Shanghai today, the gold price was trading at 280.0 Yuan once again, which directly translates into $1,267.88. But allowing for the difference of gold being traded this equates to a price of $1,262.88. This is $11.88 higher than the New York close and $11.18 higher than London.

February 27: Gold and Silver Reverse Lower on Fedspeak

Gold waffled between $1258.40 and $1253.40 in Asia and traded mostly slightly lower in London before it jumped to as high as $1263.60 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.45%. Silver surged to as high as $18.481 before it also dropped back lower in late trade and ended with a loss of 0.65%.

Silver Market Morning: Feb 27 2017 - Gold turning $1,250 resistance into support!

At the close in Shanghai today, the gold price was trading at 280.0 Yuan, which directly translates into $1,265.84. But allowing for the difference of gold being traded this equates to a price of $1,260.84. This is $4 higher than the New York close and $6 higher than London. Shanghai opens the week pulling both London and New York higher again but with the two centers following close behind.

February 24: Gold and Silver Gain Almost 2% on the Week

Gold gained $11.30 to $1260.10 at about 9AM EST before it nearly erased its entire advance in the next hour of trade, but it then chopped back higher into the close and ended with a gain of 0.63%. Silver rose to as high as $18.407 and ended with a gain of 0.94%.

December 18: Gold and Silver Fall Almost 2%

Gold fell $36.70 to $1661.30 by early afternoon in New York before it rallied back higher in the last couple of hours of trade, but it still ended with a loss of 1.48%. Silver slumped to as low as $31.35 and ended with a loss of 1.77%.

December 26: Gold and Silver Gain With Oil

Gold climbed up to $1667.63 by about 9:15AM EST before it fell back off midday, but it still ended with a gain of 0.1%. Silver surged to $30.21 before it slipped back to $29.842 and then rallied back higher in early afternoon New York trade, but it then fell back off again in the last hour of trade and ended with a gain of just 0.23%.

January 16: Gold and Silver End Slightly Higher

Gold climbed $5.86 to $1684.76 in Asia before it fell back to $1673.59 at about 8AM EST, but it then rallied back higher in New York and ended with a gain of 0.06%. Silver rose to $31.46 in Asia before it fell back to $31.07 in London, but it then climbed to as high as $31.551 in New York and ended with a gain of 0.25%.

COMEX Silver Inventory Update: -257,806.020 ounces

COMEX Silver Inventory Update: -257,806.020 ounces

January 24: Gold and Silver Fall About 1% and 2%

Gold fell to as low as $1665.12 at about 10AM EST before it bounced back higher in the next hour of trade, but it then drifted back lower again into the close and ended with a loss of 1.06%. Silver slipped to as low as $31.60 and ended with a loss of 1.83%.

January 30: Gold and Silver Gain About 1% and 2%

Gold rose $6 to $1668.70 in Asia before it fell to see a slight loss at $1661.60 by a little after 8AM EST, but it then climbed to as high as $1683.50 just after today’s fed announcement and the yellow metal and ended with a gain of 0.83%. Silver slipped to as low as $31.24 by a little after 8AM EST, but it then shot to as high as $32.24 and ended with a gain of 2.01%.

Silver Market Morning

In New York the gold price fell back to $1,664.80 continuing to consolidate, yesterday. In Asia it slipped a little to $1,663 and traded around that level in London’s morning where it Fixed at $1,665.00 and in the euro at €1,217.996 down €17, while the euro was $1.3670. Ahead of New York’s opening, gold was $1,666.40 and in the euro at €1,220.71.

Do Silver and Platinum Have Higher Growth Potential Than Gold?

We at Sunshine Profits suggest holding three precious metals (in a physical form) as long-term investments in a “default” precious metals portfolio – gold, silver and platinum. There are, of course, other viable options, such as palladium, depending on one’s preferences and needs, but these three mentioned above will suit virtually any precious metals investor.

February 8: Gold and Silver End Mixed on the Week

Gold edged up to $1673.53 in Asia before it fell back to as low as $1665.14 in early New York trade, but it then bounced back higher at times and ended with a loss of just 0.19%. Silver slipped to $31.314 in early New York trade, but it then rose to as high as $31.68 at about 10:40AM EST and ended unchanged on the day.

February 12: Gold and Silver End Slightly Higher

Gold dropped $10.51 to $1639.19 by a little after 5AM EST, but it then rose to as high as $1653.30 in New York and ended with a gain of 0.11%. Silver slipped to $30.57 in London, but it then climbed to as high as $31.128 and ended with a gain of 0.42%.

Endeavour Silver's Development of Work Underway at El Cubo Plant

Endeavour Silver's Development of Work Underway at El Cubo Plant

First Majestic Elects Not to Exercise Right to Match Coeur's Offer for Orko

First Majestic Silver Corp. (FR.TO)(AG)(FMV.F) ("First Majestic" or the "Company") announces that it has today notified the Board of Directors of Orko Silver Corp. that it is not matching the offer made by Coeur d''Alene Mines Corporation ("Coeur") and will not be increasing the consideration under First Majestic''s offer to acquire all of the issued and outstanding Orko shares.

February 19: Gold and Silver Fall Slightly

Gold climbed $5.85 to $1614.75 in Asia before it fell to as low as $1600.54 in early afternoon New York trade, but it then bounced back higher in the last four hours of trade and ended with a loss of just 0.25%. Silver slipped to as low as $29.22 before it also rebounded, but it still ended with a loss of 1.31%.

February 26: Gold and Silver Gain Over 1% More

Gold bumped up to $1601.89 in Asia before it fell to see a $10.26 loss at $1584.34 at about 10:15AM EST, but it then shot to as high as $1619.40 in the next hour of trade and ended with a gain of 1.21%. Silver surged to as high as $29.456 and ended with a gain of 1.19%.

March 5: Gold and Silver End Slightly Higher

Gold climbed up to $1586.04 at about 8:30AM EST before it fell back to $1571.75 over the next five hours, but it then bounced back higher in afternoon trade and ended with a gain of 0.08%. Silver surged to as high as $29.065 before it fell back to $28.513, but it still ended with a gain of 0.42%.

March 6: Gold and Silver Rise, Miners Jump Higher

Gold dropped to $1567.40 at about 9:45AM EST before it rebounded to $1584.58 in the next hour of trade and then fell back to about unchanged by early afternoon in New York, but it then rallied back higher in the last few hours of trade and ended with a gain of 0.53%. Silver slipped to $28.54 before it jumped up to $29.067 and then also fell back off, but it still ended with a gain of 1.33%.

March 12: Gold and Silver Gain Almost 1%

Gold held near unchanged in Asia, but it then jumped higher at about 7AM EST and ended near its late morning New York high of $1598.21 with a gain of 0.77%. Silver surged to as high as $29.35 and ended with a gain of 0.59%.

April 1: Gold Edges Up While Silver Slips

Gold chopped around in a tight range of $1595.00 to $1600.90 in lackluster post-holiday trade and ended with a gain of 0.06%. Silver slipped to as low as $27.87 and ended with a loss of 1.44%.

COMEX Silver Inventory Update: -978,339.568 ounces

COMEX Silver Inventory Update: -978,339.568 ounces

Silver Market Morning

Gold continued to move higher, closing at $1,388 in New York yesterday. In Asia and London it pushed through $1,400 to $1,411 ahead of the Fix. The Fix was set at $1,414 up $17 and in the euro at €1,080.462 up €10 while the euro was at €1: $1.3087. Ahead of New York’s opening it began to slip at $1,411.55 and in the euro at €1,078.59.

iShares Silver Trust Subtracts 21.11 Tonnes

iShares Silver Trust Subtracts 21.11 Tonnes

COMEX Silver Inventory Update: -384,165.450 ounces

COMEX Silver Inventory Update: -384,165.450 ounces

May 8: Gold Gains Over 1% While Silver Slips

Gold saw a slight loss at $1450.14 at about 6AM EST before it jumped up to $1469.90 by a little after 8AM EST and then drifted back off into midday, but it then jumped to a new session high of $1476.30 in early afternoon New York trade and ended with a gain of 1.42%. Silver dropped to $23.73 before it jumped up to $24.08 and then fell back off to $23.67, but it then climbed back to as high as of $24.00 in early afternoon New York trade and ended with a loss of just 0.08%.

Is Silver Currently Riskier Than Gold?

Summing up, even though the fundamental picture for silver and the long-term case are bullish, the technical situation for silver is quite bearish at this time and its medium-term picture is more bearish than gold’s.

iShares Silver Trust: -33.18 tonnes

iShares Silver Trust: -33.18 tonnes

Silver Market Morning

Gold closed in New York at $1,583.90 on Friday. London opened $11 down as the euro fell again on more fear. London’s morning Fix today was set at $1,571.50 and in the euro at €1,298.117, while the euro stood at €1: $1.2105 down nearly 1.5 cents on the dollar. Ahead of New York’s opening gold stood at $1,572 in the middle and in the euro at €1,297.03.

Silver ETFs Stealing Miners Thunder

David Morgan, founder of Silver-Investor.com, says ETFs are stealing mining stocks investor base, but beaten down miners like Silver Wheaton are now the market's best bet.

iShares Silver Trust: 9,708.77 tonnes

iShares Silver Trust: 9,708.77 tonnes

Arian Silver Signs Letter of Intent with 500tpd Mill Operator

Arian Silver Corporation (the "Company" or "Arian") (AGQ.V)(AGQ.L)(I3A.F), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to report that the Company has signed a letter of intent, which reflects the Company's intention to sign a definitive contract for exclusive use of a newly refurbished and soon to be re-commissioned 500 ton per day ("tpd") toll mill. This mill, which is located on the outskirts of the City of Zacatecas, is currently expected to be operational within ten to twelve weeks.

COMEX Silver Inventory Update: +168,218.010 ounces

COMEX Silver Inventory Update: +168,218.010 ounces

Silver Sector Shrinking

It has been a while since we had this nagging feeling that we’re witnessing something profound taking place before our eyes and the market doesn’t seem to grasp it yet. We are not talking about the smorgasbord of events effecting markets all over the globe that is receiving ample coverage elsewhere in the media. As readers might know, our particular interest is in the silver space, and that is where we see an elephant in the room that hasn’t made headlines yet.

I Stand By $140 Silver In 2012

Pyrrhic Victory

This weekend, the much-hyped Greek elections occurred, with TPTB attempting to convince the world that a Syriza win would be catastrophic, and a New Democracy win “blissful.” Of course, neither situation is any different, other than that the timing of the ultimate Greek departure from the Euro currency mechanism. The MSM desperately wanted to bully stocks higher - and gold lower – to “celebrate” this Pyrrhic victory, but the markets are not co-operating, major equity indices flat and downtrodden PIIGS like Italy and Spain seeing their stocks AND bonds torched.

Commodities On Fire

Commodities markets ON FIRE this morning, led by oil, up another 4.5%. All base metals up 3%-4%, as well as silver, up 3.1% at 11:30 AM EST. Gold capped as usual at just a 1.5% gain, but pushing toward the top of its multi-month trading range of $1,550-$1,650, and on the verge of making a run toward its ALL-TIME HIGH in Euros. I’m not a big fan of short-term charts, but the long-term, ELEVEN MONTH, bullish “pennant” formation in Euro gold is a site to see, with MASSIVE upside potential when broken to the upside.

Lawrence Roulston on Santacruz Silver Mining Ltd.

Santacruz is less than six months from the start of production on its first Mexican silver mine. Two other advanced-stage projects are also on track for near-term production, supporting a production target of 5 million ounces per year within 3 to 4 years.

August 2: Gold and Silver End Modestly Lower

Gold climbed almost 1% to $1615.05 by a little after 8AM EST, but it then fell to as low as $1584.97 by early afternoon in New York and ended with a loss of 0.66%. Silver slumped to as low as $26.97 and ended with a loss of 0.91%.

SilverCrest Reports Q2, 2012 Financial Results

“We had a strong second quarter of 2012. We sold 637,050 silver equivalent ounces (2), for gross revenues of $16.0 million, with an average cash operating cost of $6.94 per silver equivalent ounce. The Santa Elena low cost, open pit heap leach mine operations continue to perform well and generated cash flows of $7.2 million which will contribute to the financing of the Santa Elena Expansion plan and the development of our major polymetallic La Joya Project. Q2, 2012, production was consistent with our budget and cash operating costs were below our budget of $8.20 per silver equivalent ounce. As a result, we are confident in meeting or exceeding our 2012 production guidance of 435,000 silver ounces and 33,000 gold ounces."

COMEX Silver Inventory Update: -55,338.220 ounces

COMEX Silver Inventory Update: -55,338.220 ounces

Silver: Supply and Demand

Ever wonder how supply and demand affects the price of silver? It's not as simple as you may think. This educational video explores the economics of silver and its various uses for industrial demand.

iShares Silver Trust: 9,687.66 tonnes

iShares Silver Trust: 9,687.66 tonnes

Silver Sales Up As Supply Slips

Silver's Fall

We are seeing macro funds buying the gold market and the Silver Trust shares, while other investors are selling to cover their losses in other markets.Silver demand remains vibrant in China and [as a 'needed' metal [in pharmaceuticals and electronics. We do not see that changing! But silver is moving as a monetary metal alongside gold, even though at institutional level it is not considered a monetary metal. We expect this to continue.