• Gold: 1,275.66 0.26
  • Silver: 16.31 0.01
  • Euro: 1.159 0.001
  • USDX: 95.02 0.392
  • Oil: 64.92 -0.82

June 18: Gold and Silver Edge Lower

22 hours 7 min ago

Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between $16.624 and $16.418 and ended with a loss of 0.9%.

Big Gains for Silver in 2018?

Actually, we see much stronger growth than what is predicted above. What I believe is going to happen is silver is going to be above $19. if not even higher. A 20% move higher would put silver north of $20 and that’s truly what we see in the short term with equally strong moves coming between 2019 and 2023 and beyond. Silver is back and will be in demand going forward. If you didn’t load up during 2017 it may be time to pick some up before it begins moving north.

SilverCrest Appoints Christopher Ritchie as President; Announces Private Placement and Grants Options

SilverCrest Metals Inc. (TSXV: SIL) (OTCQX: SVCMF) ("SilverCrest" or the "Company") is pleased to announce the appointment of Christopher Ritchie as the Company's President, effective January 1, 2018. Mr. Ritchie will report to N. Eric Fier, SilverCrest's founder, CEO and Director. The Company has also entered into a private placement with Mr. Ritchie and granted stock options to him.

January 2: Gold and Silver Jump Over 1% Higher

Gold gained $11.20 to $1314.40 in midmorning New York trade before it pared back heading into midday, but it then rallied to new highs into the close and ended with a gain of 1.15%. Silver rose to as high as $17.195 and ended with a gain of 1.36%.

December 29: Gold and Silver Gain Roughly 2% and 4% on the Week

Gold gained $13 to $1307.50 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.67%. Silver rose to as high as $17.097 and ended with a gain of 0.65%.

SilverCrest Announces Infill Drilling Results for Babicanora Vein

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. Infill drilling of the Babicanora Vein continues to intersect high-grade mineralization. With the latest results, SilverCrest has drill-tested and intersected high-grade mineralization for over 1,000 metres of strike length at the Babicanora Vein (see attached Figures). There are 19 known epithermal veins on the Property, including nine which have been drilled, and consist of the Babicanora, Babicanora Footwall, Las Chispas, Giovanni, La Blanquita, William Tell, Varela, Granaditas and Amethyst veins. SilverCrest has intersected high-grade silver-gold mineralization in each of the nine veins drilled to date.

Fiat Flameout: Hi Ho Silver!

While many gold market technicians have been neutral to slightly negative about gold in the short term, I’ve been extremely positive. As of today, I’ve become outrageously more positive. To understand why that is, please click here now. Double click to enlarge this spectacular daily gold chart. I’ll dare to suggest that gold investors have behaved very well this year.

December 22: Gold and Silver Gain Nearly 2% on the Week

Gold saw slight losses in Asia, but it then jumped up to as high as $1275.90 in New York and ended with a gain of 0.54%. Silver rose to as high as $16.417 and ended with a gain of 1.12%.

December 21: Gold Gains With Stocks

Gold edged up to $1268.30 in Asia before it fell back to $1263.10 in London, but it then climbed to a new session high of $1268.90 in the last minutes of trade in New York and ended with a gain of 0.17%. Silver chopped between $16.09 and $16.24 and ended with a loss of 0.31%.

December 20: Gold and Silver End Slightly Higher While Stocks Dip Again

Gold gained $4.10 to $1266.30 in London before it fell back to $1262.00 in midmorning New York trade, but it then jumped to a new session high of $1267.80 by early afternoon and ended with a gain of 0.25%. Silver rose to as high as $16.246 and ended with a gain of 0.31%.

December 19: Gold and Silver End Slightly Higher While Stocks Dip

Gold gained $3.90 to $1265.20 in London before it chopped back down to $1259.30 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.07%. Silver rose to as high as $16.221 and ended with a gain of 0.06%.

December 18: Gold and Silver Gain With Stocks

Gold gained $7.90 to $1263.70 in late morning New York trade before it drifted back lower into the close, but it still ended with a gain of 0.44%. Silver rose to as high as $16.166 and ended with a gain of 0.5%.

December 15: Gold and Silver Gain Roughly 1% on the Week

Gold gained $8.90 to $1261.90 by a little after 8AM EST before it dropped back to $1253.50 by late morning, but it then edged back higher into the close and ended with a gain of 0.22%. Silver rose to as high as $16.08 and ended with a gain of 0.88%.

December 14: Gold and Silver End Slightly Lower

Gold gained $3.90 to $1259.10 in early Asian trade before it fell back to $1250.60 by midmorning in New York, but it then chopped back higher into the close and ended with a loss of just 0.18%. Silver slipped to as low as $15.829 and ended with a loss of 0.93%.

Exploration Update: Golden Arrow’s Pescado Project

Golden Arrow Resources Corp. (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), has begun an $1-million US exploration program at its 100-percent owned Pescado Gold Project in San Juan province, Argentina. The province of San Juan hosts several world-class mines and deposits, including the Gualcamayo gold mine which is situated approximately 10 kilometres to the north of Pescado. Golden Arrow’s management were involved in the discovery of the Gualcamayo gold deposit. Golden Arrow hopes to repeat past success in a region where they have a continuity of knowledge.

December 13: Gold and Silver Gain About 1% and 2%

Gold fell $4.20 to $1240.20 in London, but it then jumped to as high as $1256.80 in afternoon New York trade and ended with a gain of 0.87%. Silver surged to as high as $16.146 and ended with a gain of 2.03%.

December 12: Gold and Silver Trade Mixed With Stocks

Gold edged up to $1246.20 in Asia before it fell back to $1236.50 in late morning New York trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.13%. Silver rose to as high as $15.815 and ended with a gain of 0.06%.

Mike's New Crypto Documentary & Large Silver Purchase

Watch this 9-minute video to learn which indicators have prompted Mike Maloney to make an investment move. You'll also get some exciting news on a new cryptocurrency project.

December 11: Gold and Silver Fall While Stocks Edge Higher

Gold edged up to $1251.50 in London, but it then fell back off for most of trade in New York and ended near its late session low of $1240.90 with a loss of 0.41%. Silver slipped to as low as $15.689 and ended with a loss of 0.76%.

Low Silver Price Creating Buying Opportunities; SilverCrest Preparing for Maiden Resource

Silver has been on the ropes which is creating incredible buying opportunities in companies that are producing excellent results despite the silver price environment. Besides contrarian buying, the other silver investment case is that with a shortage of quality silver assets growing with drilling, companies with significant resources will become acquisition targets. One company that is proving it fits both these investment cases is, SilverCrest Metals (TSX-V: SIL) (OTCQX: SVCMF).

December 8: Gold and Silver Fall Almost 3% and 4% on the Week

Gold edged up to $1249.60 in Asia before it dropped back to $1244.20 just after this morning’s jobs data was released, but it quickly popped back up to $1252.30 by midmorning and ended with a gain of 0.01%. Silver rose to as high as $15.894 and ended with a gain of 0.7%.

Market Report: PMs overshadowed by cryptos

Gold and silver had a torrid week, with gold falling $31 from last Friday’s close to $1249 in early European trade this morning. Silver was worse, down 66 cents to $15.78 over the same time scale.

December 7: Gold and Silver Fall Again But Miners Hold

Gold fell throughout most of world trade and ended near its late session low of $1244.00 with a loss of 1.33%. Silver slipped to as low as $15.64 and with a loss of 1.56%.

December 6: Gold and Silver Edge Lower As Dollar Gains

Gold gained $2.30 to $1269.10 in Asia before it drifted back to $1262.70 in late morning New York trade, but it then bounced back higher in afternoon trade and ended with a loss of just 0.17%. Silver slipped to as low as $15.916 and ended with a loss of 0.87%.

December 5: Gold and Silver Fall With Stocks

Gold held near unchanged in Asia and London, but it then fell back off in early New York trade and ended not far from its late morning low of $1261.10 with a loss of 0.74%. Silver slipped to as low as $16.029 and with a loss of 1.35%.

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%.

The Mises View: "Silver Money and Inflation"

Mark Thornton explains how silver money keeps inflation in check. Thornton is a Senior Fellow at the Mises Institute.

Silver Market Morning: May 30, 2014

There are reports out there that say that there is a gold deficit of around 4.35 tonnes a week, meaning that more gold is being bought than produced. That’s why the SPDR sales are important if the gold price is to be held at current levels. This makes the fall this week even more difficult to understand. The lack of visible physical sales of gold from speculators and the investors, tells us that there is very little momentum behind the downward path of gold and it can turn around in a heartbeat. We therefore attribute the fall to a temporary drop in demand due to wholesalers looking for lower prices. But they can only do this for a short while.

Silver Market Morning

The gold price closed at $1,246.30 on Tuesday, up $3.20 cents in New York. In Asia and London the price slipped slightly by $1 until the Fix, where it was set at $1,246.00 up $1.75 and in the euro at €915.840 up €1.421, while the euro stood at $1.3605. Ahead of the opening in New York the gold price was trading at $1,246.00 and in the euro at €915.27.

First Majestic Wins Application to Dismiss Appeal

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce that on June 5, 2014 , the Court of Appeal dismissed the appeal filed by Hector Davila Santos ("Hector Santos") and Minerales y Minas Mexicanas, S.A. de C.V. ("MMM").

June 9: Gold and Silver End Slightly Higher

Gold edged up to $1256.97 by a little after 8AM EST before it fell back to $1252.30 in the next four hours of trade and then bounced back higher in early afternoon trade, but it then chopped back lower into the close and ended with a gain of just 0.03%. Silver surged to as high as $19.197 before it also fell back off, but it still ended with a gain of 0.26%.

Silver Market Morning

The gold price closed at $1,261.00 up $0.20 on Wednesday in New York. In Asia and London the price held at that level until the Fix, where it was set at $1,261.75 down $0.75 and in the euro at €932.902 up €0.273, while the euro stood weaker at $1.3525. Ahead of the opening in New York the gold price was trading at $1,264.20 and in the euro at €934.92.

Like in “Lost” manipulators keep pushing the button

In the classic TV drama “Lost,” certain occupants of the mysterious island were tasked with the job of punching a sequence of numbers into a computer every 108 minutes to avert an unknown catastrophe.

London Metal Exchange says can offer three solutions to silver fix

The London Metal Exchange (LME), which is competing to offer an alternative to the silver fix when the system is disbanded in August, said on Monday it could offer three different solutions.

Silver Market Morning: June 20, 2014

In 1973 the oil price jumped from $8 a barrel to $35 a barrel while gold jumped from $42 an ounce to over $120 an ounce. We do not see a direct link over the years between the two. What we do see is a moving up together in times of, not only political crisis, but monetary crisis. In those days the dollar was suspect and continued so until Volker forced interest rates up to 26% in the mid 1980’. We are moving back into days of tremendous uncertainty as the ripples from the sectarian violence spread through the financial markets of the world.

Excellon resumes drilling at La Platosa

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to report the resumption of diamond drilling at its 100%-owned La Platosa Mine located in Durango State, Mexico.

Silver Market Morning

The gold price closed at $1,319.60 down $7.30 Thursday in New York. In Asia prices rose to $1,321 ahead of the London Fix which was set at $1,321.50 down $1.00 and in the euro at €972.335 up €3.754, while the euro was weaker at $1.3591 down over half a cent. Thereafter, gold held at roughly the same level being moved by dealers and arbitrageurs in line with the $: € exchange rate, clearly unimpressed by the success of the American Revolution.

July 7: Gold and Silver End Near Unchanged

Gold dropped $7.27 to $1312.33 at about 10AM EST, but it then rallied back higher for most of the rest of trade and ended unchanged on the day. Silver slipped to as low as $20.844 and ended with a loss of 0.52%.

July 14: Gold and Silver Fall Over 2%

Gold dropped $34.39 to $1303.31 at about 9:30AM EST before it stabilized, but it still ended with a loss of 2.32%. Silver slipped to as low as $20.849 and ended with a loss of 2.38%.

Excellon reports second quarter 2014 production

TORONTO, July 16, 2014 /CNW/ - Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce second quarter 2014 production results from the La Platosa Mine in Durango, Mexico.

July 17: Gold and Silver Gain Almost 2%

Gold gained almost $10 to $1308.21 in Asia before it fell back to $1299.65 in London, but it then jumped to as high as $1323.23 in New York and ended with a gain of 1.62%. Silver surged to as high as $21.18 and ended with a gain of 1.88%.

July 24: Gold and Silver Fall Almost 1% and 3%

Gold fell almost $10 to $1294.96 in Asia before it bounced back to $1300.83 in London, but it then fell to a new 5-week low of $1287.79 in New York and ended with a loss of 0.96%. Silver slipped to as low as $20.315 and ended with a loss of 2.63%.

One of the most blatant examples ever

This week has been one of the most blatant examples of naked PM shorting ever, amidst some of the most PM-bullish news ever. Particularly, yesterday's transparent attacks as TPTB pulled out all stops to push the 10-year Treasury yield above 2.5% couldn't be more obvious - as I forensically described in yesterday's AudioBlog, "best laid plans." And what a shock, Monday is COMEX options expiration day - when no doubt, countless $1,300 and $21 options for gold and silver, respectively, were outstanding.

Excellon Reports Second Quarter 2014 Financial Results

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to report financial results for the three and six-month periods ended June 30, 2014.

July 30: Gold and Silver Close Mixed and Near Unchanged

Gold dropped $8.89 to $1291.71 just after this morning GDP announcement before it bounced back to $1303.12 and then fell back towards its earlier low by late morning in New York, but it then rallied back higher in afternoon trade and ended with a loss of just 0.3%. Silver fell to as low as $20.45 at one point, but it then bounced back higher in the last five hours of trade and ended with a gain of 0.1%.

Silver Market Morning

The gold price closed at $1,296.80 down $3.80 on Wednesday in New York. In Asia and early London, prices fell to $1,294 as the euro continued to slip to $1.3391. The gold price was Fixed at $1,295.00 down $2.50 and in the euro at €966.923 down €1.505, while the euro was weaker at $1.3393. Ahead of New York’s opening, gold was trading at $1,295.10 and in the euro at €967.43.

10-10-10 Special: Silver Price + $0.10/oz on 1-ounce SilverSeek Rounds!

Silver Spot + $0.10! 10-10-10 SPECIAL on 1-ounce SilverSeek Rounds

U.S. Mint to use new silver benchmark for coin sales, purchases

The U.S. Mint said on Wednesday it will adopt the new electronic silver benchmark to be unveiled this week for its coin sales, silver purchases and price management programs following the end of the original 'silver fixing' mechanism.

August 13: Gold and Silver End Mixed Yet Again

Gold dropped $4.76 to $1304.94 by a little after 8AM EST before it jumped up to $1314.94 in the next few hours of trade and then chopped back lower at times, but it still ended with a gain of 0.15%. Silver slipped to as low as $19.714 and ended with a loss of 0.6%.

August 21: Gold and Silver Fall With the Dollar

Gold dropped $17.85 to $1273.25 by early afternoon in New York before it bounced back higher in the last few hours of trade, but it still ended with a loss of 1.07%. Silver slipped to as low as $19.32 in late Asian trade, but it then rallied back higher into the close and ended with a loss of just 0.15%.

Fortuna Silver Reports Updated Mineral Resource Estimate for San Jose Mine in Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 27, 2014) - Fortuna Silver Mines Inc. (FSM)(FVI.TO)(FVI)(F4S.F) is pleased to announce an updated Mineral Resource estimate as of June 30, 2014 for the San Jose Mine located in Oaxaca, Mexico. Included in the San Jose mineral resources is an updated estimate of the Mineral Resource for the Trinidad North discovery based on the completion of forty-one additional step-out and twelve infill drill holes in the Trinidad North area.

July 18: Gold and Silver End Slightly Lower

Gold climbed to $1584.69 in Asia before it fell back to as low as $1567.62 by about 9AM EST, but it then climbed back to as high as $1582.53 in late morning New York trade and ended with a loss of just 0.28%. Silver rose to $27.30 before it dropped back to $26.90, but it then rose to a new session high of $27.31 and ended with a loss of just 0.07%.

COMEX Silver Inventory Update: -85,010.678 ounces

COMEX Silver Inventory Update: -85,010.678 ounces

Huldra Silver Provides Progress Update on Treasure Mountain and the Merritt Mill

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") today provides a progress update on the mining operations at its 100% owned Treasure Mountain Property and an update on the construction of its 200 tonne per day mill in Merritt, BC.

Hecla makes hostile takeover bid for U.S. Silver Corp

Hecla Mining Co made an all-cash hostile bid to buy U.S. Silver Corp for C$110.7 million, a month after the Canadian company agreed to be bought by RX Gold & Silver Inc.

July 26: Gold and Silver Gain Almost 1%

Gold jumped to as high as $1621.37 before it fell back off a bit in New York, but it still ended with a gain of 0.69%. Silver surged to as high as $27.815 and ended with a gain of 0.55%.

COMEX Silver Inventory Update: +845,625.07 ounces

COMEX Silver Inventory Update: +845,625.07 ounces

U.S. Silver Board Recommends Rejection of Hecla Offer and Reaffirms Recommendation for Combination Transaction with RX Gold

U.S. Silver Corporation (USA.TO) ("U.S. Silver" or the "Company") announced that its Board of Directors unanimously recommends that U.S. Silver shareholders REJECT the unsolicited cash offer from Hecla Mining Company ("Hecla") to acquire all of the outstanding common shares of U.S. Silver (the "Hecla Offer").

Fed Signals More Steps to Spur Economy Amid Slower Growth

“Economic activity decelerated somewhat over the first half of this year,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington. “The committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.”

iShares Silver Trust: 9,759.01 tonnes

iShares Silver Trust: 9,759.01 tonnes

August 8: Gold and Silver End Near Unchanged

Gold fell $8.20 to $1603.40 by a little after 8AM EST before it rallied to as high as $1616.49 in the next hour and a half of trade, but it then drifted back lower midday and ended with a gain of just 0.07%. Silver slipped to $27.699 before it rose to $28.246 by late morning in New York, but it then fell back off in afternoon trade and ended with loss of 0.32%.

Silver Market Morning

New York gold closed at $1,599.60 down $8.70. London took gold down to $1,594 ahead of the Fix after which it Fixed at $1,594.74 as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,293.600 down €12 on yesterday morning. Ahead of New York’s opening gold looked slightly stronger at $1,595.60 in the middle and in the euro at €1,299.40.

iShares Silver Trust: 9,691.18 tonnes

iShares Silver Trust: 9,691.18 tonnes

August 15: Gold and Silver End Slightly Higher

Gold edged up to $1603.09 in Asia before it fell back to $1590.08 at about 4AM EST, but it then rose to as high as $1605.83 in New York and ended with a gain of 0.28%. Silver slipped to as low as $27.496 at about 4AM EST, but it then rose to as high as $27.99 in New York and ended with a gain of 0.07%.

Silver Market Morning

New York gold closed at $1,604.10. London held gold there through the morning right up to the Fix where it Fixed at $1,603.50 as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,306.739, up €13 on yesterday. Ahead of New York’s opening, gold was steady at $1,603.55 in the middle and in the euro at €1,306.62.

iShares Silver Trust: 9,733.39 tonnes

iShares Silver Trust: 9,733.39 tonnes

SilverCrest Announces Trading on NYSE MKT to Commence August 27, 2012

SilverCrest Mines Inc. (SVL.V)(STVZF) ("SilverCrest" or the "Company") is pleased to announce that its common shares have been authorized for listing on the NYSE MKT in New York. The shares will begin trading on the NYSE MKT on August 27, 2012 under the trading symbol "SVLC". The Company's common shares will continue to be listed on the TSX Venture Exchange under the trading symbol "SVL".

Silver Tacks on the "30" Handle

Silver needs to close out the week on a strong note to punch through the downtrending resistance line noted on this weekly chart. The ability to put a handle of "30" in front of the price is extremely helpful from both a psychological and technical perspective but a solid trending move is still not yet in the cards until silver can decisively gain the $32.50 level. Even at that, dip buyers should begin making their appearance in this market as the technical posture has changed significantly this week.

Silver Eagles Soar