• Gold: 1,285.57 0.89
  • Silver: 14.59 0.02
  • Euro: 1.119 -0.002
  • USDX: 97.761 0.148
  • Oil: 58.44 -0.58

September 19: Gold and Silver Gain with Oil

Gold gained $7.80 to $1206.20 at about 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.43%. Silver rose to as high as $14.335 and ended with a gain of 0.64%.

Silver Looks Poised To Move Soon

A key difference between silver and gold prices is the fact that silver already bottomed in 1993, whereas gold bottomed only in 1999. This means that from 1993 to 1999 silver was actually in an uptrend, while gold was still caught in a downtrend. This little known fact might not have been so important to date; however, it might become more important as this bull market progresses.

September 18: Gold and Silver Edge Lower

Gold dipped $4.60 to $1195.90 in Asia before it climbed up to $1203.50 in early New York trade and then drifted back lower into the close, but it ended with a loss of just 0.17%. Silver chopped between $14.072 and $14.229 and ended with a loss of 0.14%.

September 17: Gold and Silver Gain While Dollar Drops

Gold jumped $10.40 to $1204.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.54%. Silver rose to as high as $14.246 and ended with a gain of 0.78%.

September 14: Gold and Silver Edge Lower on the Week but Miners Gain

Gold gained $6.40 to $1208.50 in Asia, but it then fell back off in London and New York and ended near its early afternoon low of $1193.20 with a loss of 0.67%. Silver slipped to as low as $14.059 and ended with a loss of 0.99%.

September 13: Gold and Silver Close Slightly Lower

Gold edged down to $1203.60 in Asia before it jumped up to $1212.60 by about 9:30AM EST, but it then fell back off into midday and ended near its midafternoon low of $1200.20 with a loss of 0.32%. Silver chopped between $14.171 and $14.348 and ended with a loss of 0.28%.

September 12: Gold and Silver Gain Almost 1%

Gold chopped between $1192.80 and $1197.50 in Asia, but it then jumped to as high as $1208.50 in New York and ended with a gain of 0.82%. Silver rose to as high as $14.276 and ended with a gain of 0.85%.

September 11: Gold Gains While Silver Slips

Gold edged up to $1197.20 in Asia before it chopped down to $1187.90 in early New York trade, but it then rallied back higher into the close and ended near its late session high of $1197.80 with a gain of 0.06%. Silver slipped to as low as $13.942 before it also bounced back, but it still ended with a loss of 0.35%.

September 10: Gold and Silver Close Mixed

Gold fell $4.40 to $1191.70 in London before it rallied up to $1198.50 by midmorning in New York, but it then edged back lower into the close and ended with a loss of 0.05%. Silver chopped between $14.076 and $14.247 and ended with a gain of 0.14%.

September 7: Gold and Silver End Slightly Lower on the Week

Gold gained $2.60 to $1202.30 in London before it dropped down to $1193.50 at about 9AM EST and then bounced back higher into midday, but it still ended with a loss of 0.3%. Silver slipped to as low as $14.078 and ended with a loss of 0.07%.

September 6: Gold and Silver Close Mixed Before Jobs Day

Gold waffled near unchanged in Asia before it rose to see a $9.70 gain at $1206.70 in early New York trade and then fell back to about unchanged by midday, but it then edged back higher in afternoon trade and ended with a gain of 0.23%. Silver slipped to as low as $14.1119 and ended with a loss of 0.21%.

September 5: Gold and Silver Edge Higher

Gold held near unchanged in Asia before it climbed up to $1198.00 in morning New York trade and then drifted back lower at times, but it still ended with a gain of 0.3%. Silver rose to as high as $14.231 and ended with a gain of 0.21%.

COMEX Silver To Test 2015 Lows

Putting this all together, we must once again warn precious metal investors and traders to avoid "catching the falling knife". Though it may appear that price is near a physical floor... and though it may appear that the CoT positioning is near historic levels... and though it may appear that the charts look oversold... none of this will matter if the emerging markets continue to melt down and China continues its regime of devaluations against the US$. In this scenario, COMEX precious metal prices will continue lower, despite all traditional metrics.

September 4: Gold and Silver Fall with Stocks

Gold traded mostly slightly higher in holiday-thinned trade yesterday before it chopped down to as low as $1189.80 by midmorning in New York today and then bounced back higher into midday, but it still ended with a loss of 0.48% from last Friday’s close. Silver slipped to as low as $14.007 and ended with a loss of 2.41%.

August 31: Gold and Silver Find Slight Losses on the Week

Gold gained $8.60 to $1208.80 in Asia, but it then chopped back lower in London and New York and ended with a loss of 0.09%. Silver slipped to as low as $14.487 and ended with a loss of 0.34%.

August 30: Gold and Silver Fall with Stocks

Gold fell $5.80 to $1200.50 in Asia before it bounced back to $1206.70 in London and then plunged down to $1196.50 by a little before 10AM EST, but it then chopped back higher into the close and ended with a loss of just 0.51%. Silver slipped to as low as $14.515 and ended with a loss of 1.36%.

DSLV Update…The Chartology of Silver

Today DSLV 3 X short silver etf, is breaking out from a possible bearish falling wedge. I’m going to take an initial position and buy 150 shares at the market at 34.74 with the sell/stop on a daily close below the 50 day ema which is currently at 30.06. ZSL is a 2 X leveraged etf if you don’t want all the leverage. DSLV can be pretty volatile so take small bites. A backtest to the top rail would come into play around the 34.15 area for a slightly lower risk entry point.

Silver Krugerrand Has Arrived!

This month, the silver bullion Krugerrand has been launched! It’s a really big development, as the Krugerrand is an iconic global brand. The gold Krugerrand was launched in 1967 as the first modern gold bullion coin. It enjoyed great interest, with the peak in 1978 when over 6 million ounces of Krugerrands were sold.

August 29: Gold and Silver Gain with Stocks and Oil

Gold saw slight gains in Asia and rose to as high as $1206.70 at about 9:15AM EST before it dropped towards unchanged by late morning in New York, but it then bounced back higher into the close and ended with a gain of 0.42%. Silver chopped between $14.66 and $14.789 and ended with a gain of 0.27%.

360 video: Take a look around the London Silver Vaults

Deep beneath Chancery Lane in central London are the London Silver Vaults, containing the largest retail collection of antique silver in the world. Use our 360 video to discover it for yourself.

Inflation is a Policy Decision

Relative to the DOW, silver prices are too low. Long-term the DOW and commodity prices will rise. Bankers and politicians profit from currency devaluations so inflation will continue. Silver prices bottomed in December 2015 but remain low compared to the DOW, M3, and national debt. M3 and debt increase exponentially. People will realize that debts can be paid only via default or devaluation. Silver will (someday) rise when investors protect their savings and retirements with inflation hedges.

August 28: Gold and Silver Fall Roughly 1%

Gold waffled near unchanged in Asia and rose to see a $4 gain at $1214.30 in London before it dropped to a new session low of $1207.10 by late morning in New York and then bounced back towards unchanged by midday, but it then fell back off again into the close and ended with a loss of 0.74%. Silver slipped to as low as $14.671 and ended with a loss of 1.08%.

These Indicators Are Predicting New All-time High Silver Prices

Since the 1999 Dow/Gold ratio peak, silver was only able to reach around $49, just short of the 1980 high of $50 (not so clear on the chart since it deals with monthly prices). This tells me that all-time highs are still coming. Interest rates are also a very important economic measure, especially for silver prices, as explained previously (explained for gold, but also applies to silver). A period after a major interest rate bottom is generally great for silver.

August 27: Gold and Silver Gain with Stocks

Gold saw modest gains in Asia before it fell back to $1203.30 in London, but it then jumped to as high as $1212.40 in New York and ended with a gain of 0.39%. Silver chopped between $14.747 and $14.914 and ended with a gain of 0.47%.

August 24: Gold and Silver Jump 2% to Close Out the Week

Gold soared $22.90 to as high as $1208.40 by midday in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.7%. Silver surged to as high as $14.87 and ended with a gain of 2.14%.

Silver Market Morning

Gold closed slightly weaker at $1,342.80 down $1.80 in New York on Wednesday. Asia initially let it slip slightly with dealers following the euro against the dollar in thin trade, but before London opened Asia let it slide to $1,334. London held it around there until the Fix, where it was set at $1,333.75 down $15.75 over yesterday’s Fix. In the euro it Fixed at €975.819 down only €5.0 over yesterday’s Fixing as the dollar strengthened. Ahead of New York’s opening gold stood at $1,332.60 and in the euro at €977.19, while the dollar stood at $1.3637: €1.

November 7: Gold and Silver Fall Almost 1%

Gold jumped $8.60 to $1325.80 after this morning’s surprise ECB rate cut before it fell to $1296.49 after GDP came out stronger than expected, but it then bounced back higher in late morning New York trade and ended with a loss of just 0.79%. Silver shot to $21.996 before it fell back to $21.382 and then also rallied back higher, but it still ended with a loss of 0.83%.

November 13: Gold and Silver End Mixed

Gold climbed $10.76 to $1279.66 at about 9AM EST before it fell back to $1268.37 in the next four and half hour of trade, but it then rallied back higher into the close and ended with a gain of 0.35%. Silver edged up to $20.868 before it fell back to $20.443 and then also bounced back higher, but it still ended with a loss of 0.92%.

November 19: Gold and Silver End Slightly Lower

Gold dipped $4.55 to $1269.15 by a little after 6AM EST before it climbed to as high as $1278.76 in morning New York trade, but it then dropped back off midday and ended with a loss of 0.02%. Silver slipped to $20.219 before it bounced back to $20.493, but it then fell back off in late trade and ended with a loss of 0.44%.

December 3: Gold and Silver End Near Unchanged

Gold gained $6.18 to $1225.18 in Asia before it fell back to $1215.86 by a little after 10AM EST and then climbed back to $1225.23 in the next hour of trade, but it then drifted back lower into the close and ended with a gain of just 0.3%. Silver edged up to $19.314 in Asia before it fell back to $18.997 and then also bounced back higher, but it still ended with a loss of 0.16%.

BREAKING: Canadian Maple Leaf Sales Q1-Q3 Already Surpass 2012 Total

As the Fed and Central Banks continue to pump huge amounts of liquidity into the market, investors have been buying record amounts of Canadian Silver Maples. Demand for the Canadian Gold & Silver Maples hit a record in 2011, but then declined in 2012 as investors started to believe that the monetary authorities had the financial system back under control -- an illusion that will cost them dearly in the future.

Eric Coffin’s Exclusive Interview with Eric Fier, COO of SilverCrest Mines Inc.

In a sector that has drawn so much market scorn in the past two years, this is a team that just gets it done. I think the current pull back is a perfect time for you to hear the story of this leader in the small producer space and get Eric Fier’s views on why SilverCrest has been such a success. There are lessons and observations that can be applied by traders looking for other winners. It should also be obvious by the end of the interview why SilverCrest continues to be a favorite on the HRA company list.

December 30: Gold and Silver Fall About 2%

Gold fell $13.13 to $1201.07 at about 5:30AM EST before it bounced back to $1208.50 in the next three and a half hours of trade, but it then fell to a new session low of $1195.43 in the last fifteen minutes of trade and ended with a loss of 1.42%. Silver slipped to as low as $19.48 and ended with a loss of 2.15%.

January 9: Gold and Silver End Slightly Higher

Gold climbed $6.24 to $1231.14 at about 8AM EST before it fell to as low as $1223.61 by late morning in New York, but it then bounced back higher in early afternoon trade and ended with a gain of 0.29%. Silver slipped to as low as $19.413 by late morning in New York before it shot to a new session high of $19.712 in early afternoon trade, but it then drifted back lower into the close and ended with a gain of just 0.05%.

January 10: Gold and Silver End Mixed on the Week

Gold saw decent gains in Asia before it fell back to $1228.59 just as this morning’s jobs report was released, but it then climbed to as high as $1248.75 by early afternoon in New York and ended with a gain of 1.52%. Silver surged to as high as $20.25 and ended with a gain of 2.86%.

Silver Market Morning

On Tuesday the gold price in New York fell to close at $1,243.40 with Asia taking it $3 lower. The dollar is slightly stronger at $1.3639: €1 ahead of London’s opening. In London the gold price was Fixed at $1,238.00 down $10.75 on yesterday. In the euro it, Fixed at €908.557 down €4.54. Ahead of the opening in New York gold stood at $1,238.15 and in the euro at €909.07. The dollar stood at $1.3622: €1

SilverCrest Announces Record Annual and 4th Quarter Production in 2013

“2013 was another successful year and marked SilverCrest’s second full year in commercial production. Management congratulates our operating team for their valuable contributions and for delivering on their commitments. Santa Elena surpassed production guidance which was revised upwards during the year and produced 2.66 million AgEq(1) ounces in 2013. Moving forward in 2014, SilverCrest will continue to focus on delivering strong operating results and optimizing our operating cash flow as we complete the Santa Elena Expansion and increase production to approximately 3.3 million to 3.6 million AgEq(1) ounces. Management will continue to focus on improving cash flows by reducing costs and increasing productivity where possible to offset the current precious metals prices. Operating cash costs are expected to range from $8.50 to $9.25 AgEq(1) ounce in 2014. Further details on market guidance will be presented in the upcoming annual financial report."

Interview with Eric Sprott

Last question is without having a crystal ball scenario going on here, what is your pick for the December 31, 2014 closing price of gold? Eric Sprott: Over $2,000 per oz. What about silver? Eric Sprott: Over $50 per oz.

Silver Market Morning: January 21, 2014

We expect consolidation by the silver price today, in New York.

Silver Market Morning: January 23, 2014

Silver – The silver price true to history continues to move in tandem with gold. That’s why, what affects gold affects silver prices too.

Silver Market Morning

New York saw gold jump to $1,262 from $1,237 before closing at $1,259. Asia held it slightly higher ahead of the opening in London. The dollar traded at $1.3686 somewhat weaker than yesterday. London traded it up until the Fixing, which was set at $1,259.25 up $15.00 on Thursday. In the euro, it Fixed at €920.437 up €7.561 reflecting a weaker dollar which stood at $1.3730, down a cent. The Fix was set higher than the market was trading showing strong demand. Ahead of the opening in New York gold stood at $1,271.10 and in the euro at €925.78.

The Financial Cancer is No Longer Dormant

If this is indeed “the Big One,” the timeframe to PROTECT oneself may run out very, very quickly. Hopefully, you have spent the past five years preparing for the inevitable, global currency crash; and if you haven’t, what are you waiting for? All aspects of one’s life should be considered; but when it comes to the financial aspect, only PHYSICAL gold and silver have maintained their purchasing power throughout similar crises – and likely, will benefit more than any other asset class from what’s coming. Whether or not the “greatest wealth transfer in history” occurs – from those holding fiat-currency denominated wealth to those holding real assets – we don’t know, but we suspect it will. Either way, the odds of surviving what’s coming will increase exponentially if you limit your exposure to the financial cancer enveloping the world; i.e., the destruction of fiat currencies.

January 28: Gold and Silver End Barely Lower

Gold popped up to $1261.39 in early New York trade before it fell back off into midmorning, but it then bounced back higher in the last few hours of trade and ended with a loss of just 0.08%. Silver slipped to as low as $19.488 and ended with a loss of 0.25%.

Silver Market Morning

The New York gold price was slightly lower at $1,254.70 down $3.10 at the close on Tuesday. Asia held it there ahead of London’s opening. London set the gold price at $1,257.00, $4.00 up on Tuesday. In the euro, it Fixed at €930.353 up €3.166 while the dollar stood at $1.3511 barely changed. Ahead of the opening in New York gold stood at $1,257.35 and in the euro at €930.54.

February 10: Gold and Silver Gain While Miners Surge

Gold climbed $10.78 to $1277.88 at about 8:20AM EST before it chopped back lower at times, but it still ended with a gain of 0.59%. Silver rose to as high as $20.287 and ended with a gain of 0.1%.

Silver Market Morning

The New York gold price rose slightly to $1,290.90 up $1.00 at the close on Wednesday. Asia held it there ahead of London’s opening. London held it there before Fixing the gold price at $1,290.25 up $3.75. In the euro, it Fixed at €943.648 up €0.812, while the dollar stood at $1.3673, almost unchanged. Ahead of the opening in New York gold stood at $1,292.50 and in the euro at €945.88.

Silver Market Morning

The New York gold price saw gold pause at $1,318 with Asia holding it there before London took it down steadily to $1,314 In London it Fixed at $1,314 down $12.00. In the euro, it Fixed at €957.586 down just over €10.00, while the dollar stood at $1.3722, weaker again. Ahead of the opening in New York gold stood at $1,313.75 and in the euro at €956.57.

SilverCrest Receives US$10 Million Commitment from Sandstorm Gold for Underground Mine Option at Santa Elena

SilverCrest Mines Inc. (TSX:SVL)(NYSE MKT:SVLC) ("SilverCrest" or "the Company") is pleased to announce it has received notice of exercise of the Underground Mine Option from Sandstorm Gold Ltd. ("Sandstorm") for the Santa Elena Mine, Sonora, Mexico. This Option allows Sandstorm to purchase 20% of the gold produced from underground operations at the Santa Elena. In consideration of exercise of the option, Sandstorm will make an additional upfront deposit of US$10 million to the Company on or before March 17, 2014 and will continue to make ongoing per ounce payments of US$350 until 50,000 ounces of gold have been delivered to Sandstorm, inclusive of 18,593 ounces already received from open-pit production, at which time the payments will increase to US$450 per ounce of gold.

February 27: Gold and Silver End Slightly Higher

Gold dropped $5.05 to $1323.95 in late Asian trade before it rebounded to $1335.36 at about 10:30AM EST and then drifted back to $1326.99 in the next four hours of trade, but it then rallied back higher in late trade and ended with a gain of 0.11%. Silver slipped to $21.002 in Asia before it bounced back to $21.485 in London and then chopped back lower in New York, but it still ended with a gain of 0.19%.

March 7: Gold and Silver End Mixed on the Week

Gold edged down to $1346.45 in Asia before it rebounded to $1352.69 at about 8:20AM EST and then dropped back to as low as $1329.28 after this morning’s jobs report was released, but it then rallied back higher in the last four and a half hours of trade and ended with a loss of just 0.82%. Silver slumped to as low $20.769 before it also rallied back higher, but is still ended with a loss of 2.7%.

Silver Market Update

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The Silver Bull Market Is Over?

Is the Silver Bull Market Over? This is one question that we feel very confident that the answer to it is no; but still we are specifically watching for articles or news stories suggesting that the precious metals bull market is over. We have seen a few articles announcing the end of the metals bull market and we will explain why this is significant to us later in this article. But first, there are a host of reasons why we think the bull market in precious metals is alive and well and we will address a few of these reasons in this article.

May 9: Gold and Silver Fall 1%

Gold fell over $27 to as low as $1579.74 by about 9AM EST, but it then rallied back higher into the close and ended with a loss of just 0.98%. Silver slipped to as low as $28.629 before it also rallied back higher, but it still ended with a loss of 1.02%.

First Majestic Silver Corp.: Del Toro NI 43-101 Technical Report & Pre-Feasibility Study

FIRST MAJESTIC SILVER CORP. (FR.TO)(AG)(FMV.F)(WKN:A0LHKJ) (the "Company" or "First Majestic") is pleased to announce a new NI 43-101 Technical Report (TR) and Pre-Feasibility Study (PFS) for the Del Toro Silver Mine.

Europe in Focus

Over the weekend, the European political/economic conflagration worsened further, with the Spanish Prime Minister forced to re-assure the populace on national TV that “this is not the eve of the Apocalypse” – which it is, of course, from a financial standpoint. European equities were flat to down, although Spain and Italy enjoyed a brief respite by BEGGING the EU to create some cockamamie “governing board” to take over their finances. It will never happen, but allowed those two markets mild dead-cat bounces. Following Friday’s major PM up day, prices have been holding their own all day with the Dow down yet again – particularly gold, now just $6 from its Friday close. With Wednesday’s ECB meeting and Bernanke’s Thursday speech before a Joint Congressional Economic Committee about the near-term outlook, be prepared for ANYTHING this week.

COMEX Silver Inventory Update: -530,305.40 ounces

COMEX Silver Inventory Update: -530,305.40 ounces

July 5: Gold and Silver End Slightly Lower

Gold climbed up to $1623.53 at about 7:45AM EST before it fell back to $1597.59 in the next hour of trade, but it then bounced back higher at times and ended with a loss of 1.13%. Silver rose to $28.39 before it slumped back to $27.516 and then also bounced back higher, but it still ended with a loss of 2.29%.

Site Visit: Santa Elena Mine, SilverCrest Mines Inc.

SilverCrest Mines Inc. (TSX-V: SVL | OTCQX: STVZF) is a Vancouver based precious metals producer and mine development company who is rapidly advancing several projects in northern Mexico. The company has grown their flagship Santa Elena Mine in Sonora from an exploration project into a producing mine, drilled out a significant resource at their nearby Cruz de Mayo property, and recently announced a large silver equivalent (Ag, Au, Cu) resource at their La Joya deposit in Durango.

July 11: Gold and Silver End Slightly Higher

Gold climbed up to $1583.00 in Asia before it fell back to as low as $1567.21 immediately after the fed’s minutes were released, but it then bounced back higher in late trade and ended with a gain of 0.52%. Silver slumped to $26.816 before it also bounced back higher and ended with a gain of 0.93%.

Huldra Silver Receives Level 1 Vein Drift Assays Up to 10884 g/tonne Ag (362.8 oz/ton Ag) Over .5 Metres at Treasure Mountain

Huldra Silver Inc. (HDA.V) ("Huldra" or the "Company") is pleased to announce sample results from the underground exploration and resource definition program on its 100% owned Treasure Mountain Property. All of the samples presented are from the fifth raise on Level 1 or from the vein drift extension on Level 1. The mine is developed on 4 levels over a vertical height of 295 metres following the vein down dip.

Dropping The Silver Investigation?

In the thinnest days of the summer – with the Olympics going on, no less – it looks like nothing short of a scheme to knock silver down occurred when a ridiculous article was published SUNDAY in the Financial Times that the CFTC was dropping its silver investigation.

August 9: Gold and Silver Gain With Dollar

Gold climbed $4.61 to $1617.41 in Asia before it fell back to $1609.70 in London, but it then rallied back higher in New York and ended near its early afternoon high of $1618.09 with a gain of 0.3%. Silver slipped back to $27.864 by a little after 8AM EST, but it then bounced back higher in New York and ended with a gain of 0.39%.

August 14: Gold and Silver End Mixed

Gold climbed $8 to $1616.30 in Asia before it fell back to $1589.28 in early New York trade, but it then bounced back higher midday and ended with a loss of just 0.54%. Silver rose to $28.02 before it dropped back to $27.64, but it then rallied back higher midday and ended with a gain of 0.14%.

Where Is Silver Going?

The War Against Us

April 27: Gold and Silver End Mixed on the Week

Gold fell $7.13 to $1650.47 in Asia before it shot up to $1667.30 in New York and then pared its gains a bit in the last few hours of trade, but it still ended with a gain of 0.28%. Silver surged to as high as $31.435 and ended with a gain of 0.61%.