loading
loading

Silver Market Updates

Silver Market Morning: Jan-27-2016

January 27, 2016
By SilverSeek

The New York gold price closed Tuesday at $1,121.40 up from $1,108.30 up $13.10. In Asia on Wednesday, it held over $1,120 ahead of London’s opening and then the LBMA set it at $1,116.50 up from $1,114.70 with the dollar index down at 99.00 from 99.36 on Tuesday. The euro was up at $1.0874 from $1.0831 against the dollar. The gold price in the euro was set at €1,026.76 down from €1,029.18. Ahead of New York’s opening, the gold price was trading at $1,117.80 and in the euro at €1,027.86.

Silver’s Shrinking Supply

January 26, 2016
By SilverSeek

It was one of the most extraordinary sights you’ll ever come across. This was an industrial-sized operation (which later went bankrupt): dozens of people sitting at long tables, sorting and opening packages. Cut the flap on one and out plops an extracted gold tooth filling. From another, a gold necklace chain. Reach into a third bag, and someone has sent in Grandpa’s gold watch.

A Short History of Paper Money

January 26, 2016
By SilverSeek

Suppose you had a printing press in your basement along with a supply of perfect paper. You could slip down to your basement and print a batch of perfect $100 notes or 500 euro notes, but only in an emergency. I predict that you would find many emergencies. Suppose the government or central bank had access to that printing press (they do) and suppose they printed (and borrowed) ONLY in circumstances of economic need, political promises, war, necessary deficits, Presidential junkets, Wall…

Silver Market Morning: Jan-26-2016

January 26, 2016
By SilverSeek

The New York gold price closed Monday at $1,108.30 up from $1,096.80 up $11.50. In Asia on Tuesday, it rose over $1,115.35 before London’s LBMA set it at $1,114.70 up from $1,103.70 with the dollar index down slightly at 99.36 from 99.43 on Monday. The euro was up at $1.0831 from $1.0817 against the dollar. The gold price in the euro was set at €1,029.18 up from €1,020.34. Ahead of New York’s opening, the gold price was trading at $1,113.20 and in the euro at €1,027.46.

Silver Market Morning: Jan-25-2016

January 25, 2016
By SilverSeek

The New York gold price closed Friday at $1,096.80 down from $1,101.20, down $4.20. In Asia on Monday, it rose over $1,101.00 once more before London took it up to be set by the LBMA at $1,103.70 up from $1,097.65 with the dollar index higher at 99.43 up from 99.31 on Friday. The euro was down at $1.0817 from $1.0824 against the dollar. The gold price in the euro was set at €1,020.34 up from €1,014.09. Ahead of New York’s opening, the gold price was trading at $1,105.00 and in the euro at €1…

Silver Goes Foom

January 25, 2016
By SilverSeek

This will be a brief report, as we’re focused on releasing our Outlook 2016 Report which is over 8,000 words of our assessment of the gold, silver, currency, and credit markets. Also, this was a holiday-shortened week (Monday was Martin Luther King Day in the US). But that did not stop the fireworks in silver on Friday. We will look at what happened below.

Gold Silver Ratio Update

January 24, 2016
By SilverSeek

It’s time to check on how the venerable gold-silver ratio is doing since we last spoke on it. A look at the monthly OHLC price over the last twenty years is shown below with its 20 month moving average as well as the line chart of silver. As you can see, the formula for the last fifteen years is almost robotic. When the ratio hits around 80 and drops below its 20 month moving average, a silver (and gold) bull market is upon us. When the ratio stays above the 20 month moving average, a silver…

Silver Market Morning: Jan-22-2016

January 22, 2016
By SilverSeek

The New York gold price closed Wednesday at $1,101.20 up from $1,087.20 up $14. In Asia on Thursday, it was lifted to over $1,103.75 before London opened and then was set by the LBMA at $1,097.65 up from $1,096.80 with the dollar index higher at 99.31 up from 99.03 on Thursday. The euro was down at $1.0824 from $1.0901 against the dollar. The gold price in the euro was set at €1,014.09 up from €1,006.15. Ahead of New York’s opening, the gold price was trading at $1,097.70 and in the euro at €1…

Silver Market Morning: Jan-21-2016

January 21, 2016
By SilverSeek

The New York gold price closed Wednesday at $1,101.20 up from $1,087.20 up $14. In Asia on Thursday, it was lifted to over $1,103.75 before London opened and then was set by the LBMA at $1,096.80 up from $1,093.20 with the dollar index lower at 99.03 down from 99.21 on Wednesday. The euro was down at $1.0901 from $1.0906 against the dollar. The gold price in the euro was set at €1,006.15 up from €1,002.38. Ahead of New York’s opening, the gold price was trading at $1,101.65 and in the euro at …

Silver Market Morning: Jan-20-2016

January 20, 2016
By SilverSeek

The New York gold price closed Tuesday at $1,087.20 down $2. In Asia on Wednesday, it was lifted to over $1,094 before London opened and then was set by the LBMA at $1,093.20 up from $1,087.00 with the dollar index lower at 99.03 down from 99.21 on Tuesday. The euro was up at $1.0906 from $1.0867 against the dollar. The gold price in the euro was set at €1,002.38 up from €1,000.28. Ahead of New York’s opening, the gold price was trading at $1,095.15 and in the euro at €1,004.17.

Subscribe to Silver Market Updates

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!