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Silver Market Updates

Market Report: Bond rout undermines PMs

November 18, 2016
By SilverSeek

Gold and silver prices moved lower this week, while bond yields around the world rose sharply. There can be little doubt now that the bond bubble is deflating, inflicting enormous strains on portfolios, banks and even central banks which have initiated QE programmes. The gold price fell from $1228 at last Friday’s close to $1205 in early European trade this morning. On the same time-scale, silver fell from $17.37 to $16.61.

Silver Market Morning: Nov-17-2016 -- Gold And Silver Consolidating!

November 17, 2016
By SilverSeek

At the moment, in New York, sellers are present but in small numbers compared to the earlier part of the week. Buying continues in Shanghai and as we see in prices in London too. But just before the opening of New York, London moved into line with New York’s close, leaving it trying to match both gold markets. The dollar is calming down and correcting after days of surging against other currencies, but remains over the 100 level on the dollar index. We expect post-Trump turbulence to begin…

Silver and the Train Wreck

November 15, 2016
By SilverSeek

Silver and gold prices erratically increase along with debt. Given that silver prices are near the low end of their 20 year “megaphone” pattern, expect much higher silver prices. Further, the cost of production is increasing rapidly and the ore quality is declining. Expect prices to increase based on limited supply. Given the precariousness of the central bankers’ fiat currency Ponzi Schemes and the coming realizations about the intrinsic value of paper investments and debt instruments, silver…

Silver Market Morning: Nov-15-2016 -- Gold and silver looking for a bottom, but volatility to continue!

November 15, 2016
By SilverSeek

When a market is as exuberant as we see currency, gold and silver markets at present, prices always fall too far or rise too high. We have seen that beautifully demonstrated in the last week. With China now taking gold higher we are looking to see just who follows who in the global gold markets. While a market then settles down, volatility rules prices. We expect that to continue, both ways.

Silver Market Morning: Nov-14-2016 -- Gold and silver volatility to continue!

November 14, 2016
By SilverSeek

With the gold price and now the silver price continuing to fall today [well over $100 on the week] because of heavy sales from the gold ETFs many are, we feel, misreading the consequences of Trump’s impact on the economy regarding gold. With 30-year Treasuries falling in price leaving yields at 3% the dollar continues to surge as carry trades are unwound. We see these moves as part of the initial exuberance after the election. But the question is, “Just how far will this exuberance go?”

Market Report: Trumped!

November 11, 2016
By SilverSeek

By early European trade this morning (Friday) gold ended sharply lower on the week at $1255, down from $1304 at last Friday’s close. It appears this weakness is driven by futures markets, since physical spot gold and silver are in backwardation out to December’s delivery. The tightness in physicals is reflected in silver, which rose from $18.42 to $18.61 on the week by last night’s close (Thursday). Gold futures contracts exchanged-for-physical on Comex jumped on Wednesday and Thursday to 45…

Silver Market Morning: Nov-11-2016 -- Gold – more volatility to come. Silver - stable!

November 11, 2016
By SilverSeek

Volatility has not finished by a long way! First we saw a Trump Hump, then a Trump Dump! There is nothing yet to establish tomorrow’s realities. Hopes and expectations are all we have to go on. While, the re-building of the U.S.’ infrastructure is on the cards [with a major cut in Company tax, together with a small 10% tax on repatriated funds from overseas, paid for with debt] we have no doubt that deflation will halt and inflation take its place. But this process will take from two to three…

Silver Market Morning: Nov-10-2016 -- Volatile, Volatile, Volatile!

November 10, 2016
By SilverSeek

Volatility is what we saw in all global markets. We doubt the volume of trading in physical gold was that much, but dealers and speculators showed their confusion taking gold and silver prices very high at first only to pull them back to their lows later in the day. But as always these gentlemen are ‘full of sound and fury and signify nothing’. It certainly was no place for widows and orphans. As we can all see, the emotional content of all global financial markets was huge, sowing confusion…

Silver Market Morning: Nov-9-2016 -- Oops, President Trump!

November 09, 2016
By SilverSeek

The U.S. now knows that ‘Brexit’ feeling and then some! As you can see above, gold and silver will be direct beneficiaries. But here we are not just talking about a rise in prices, but a change in concept for gold, as we see global monetary turbulence, uncertainty and substantial changes to the status quo we have had for nearly a decade.

Silver Market Morning: Nov-8-2016 -- Gold price waiting for results?

November 08, 2016
By SilverSeek

Global financial markets are on hold until we hear the results of the U.S. Presidential results tomorrow. As we saw earlier in the last week, when Mrs. Clinton looked to be in trouble with the FBI, gold rose, discounting a Trump victory, but when exonerated, the gold price pulled back as a Clinton victory was discounted. At current levels a Clinton victory remains discounted in all world markets.

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