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Silver Market Updates

Silver Market Morning: Jan-19-2016

January 19, 2016
By SilverSeek

The New York gold price closed Monday at $1,089.10 the same as Friday. In Asia on Monday, it was held at the same level as it was in London until it was set by the LBMA at $1,087.00 down from $1,090.45 with the dollar index higher at 99.21 up from 99.03 on Monday. The euro was down at $1.0867 from $1.0891 against the dollar. The gold price in the euro was set at €1,000.28 down from €1,001.24. Ahead of New York’s opening, the gold price was trading at $1,087.45 and in the euro at €1,000.69.

Silver Market Morning: Jan-18-2016

January 18, 2016
By SilverSeek

The New York gold price closed Friday at $1,089.10 up from $1,076.90. In Asia on Monday, it was moved down to $1,088.25 and London held slightly higher until it was set by the LBMA at $1,090.45 with the dollar index almost the same at 99.03 up from 98.97 on Friday. The euro was at $1.0891 down from $1.0897 against the dollar. The gold price in the euro was set at €1,001.24 up from €992.29. Ahead of New York’s opening, the gold price was trading at $1,090.00 and in the euro at €1,000.83.

Silver Market Morning: Jan-15-2016

January 15, 2016
By SilverSeek

The New York gold price closed Monday at $1,076.90 down from $1,094.60. In Asia it was moved down to $1,083.00 and London held it just below that with the LBMA price set at $1081.1 down from $1,090.75 with the dollar index almost the same at 98.97 from 98.94 on Thursday. The euro was at $1.0897 up from $1.0883 against the dollar. The gold price in the euro was set at €992.29 down from €1,002.25. Ahead of New York’s opening, the gold price was trading at $1,081.15 and in the euro at €992.29.

Silver Market Morning: Jan-14-2016

January 14, 2016
By SilverSeek

The New York gold price closed Monday at $1,094.60 up from $1,089.60. In Asia it was moved down to $1,090.45 and London held it there and the LBMA price was set at $1090.75 up from $1,081.80 down with the dollar index lower at 98.94 up from 99.25 on Wednesday. The euro was at $1.0883 up from $1.0817 against the dollar. The gold price in the euro was set at €1,002.25 up from €1,000.09. Ahead of New York’s opening, the gold price was trading at $1,085.75 and in the euro at €997.38.

The Chinese Silver Fox...

January 13, 2016
By SilverSeek

I recently had a long and very interesting conversation with John Embry of Sprott Resources. It is always good to speak with him as I consider him one of the five sharpest economic/precious metals minds I know of and certainly value his opinion. John's name came up a couple of days ago when someone asked "where is all this silver coming from" to meet the outsized physical demand? I said "this is the number one question John Embry and Eric Sprott have been asking for about a year now".

Silver, Silliness, Gold and Risk

January 12, 2016
By SilverSeek

Silver thrives, paper dies! That mantra will serve us well in 2016 and 2017 since paper silver prices are currently very low compared to ratios to the US national debt, the S&P 500 Index, total global debt, fiscal and monetary silliness, and political stupidity (graphs not shown). If risk has been mispriced because the “risk pricing mechanism is broken” as Michael Burry says, then we should expect a volatile and traumatic year in 2016 as risk pricing adjusts.

Silver Market Morning: Jan-12-2016

January 12, 2016
By SilverSeek

The New York gold price closed Monday at $1,095.00 down from $1,102.50. In Asia it was moved to $1,095.2 but London held it there and the LBMA price was set at $1,094.85 down from $1,104.70 with the dollar index higher at 98.94 up from 98.52 on Monday. The euro was at $1.0856 down from $1.0895 up against the dollar. The gold price in the euro was set at €1,008.52 down from €1,013.95. Ahead of New York’s opening, the gold price was trading at $1,092.70 and in the euro at €1,006.31.

Silver Flash in the Pan, Report 10 Jan, 2016

January 11, 2016
By SilverSeek

The price of silver gained only 9 cents, so the gold-silver ratio moved up sharply to over 79. Another call we have been making is for a rising ratio. So what did happen in silver fundamentals on Thursday? Or indeed the whole week for both metals? Read on for the only true look at the supply and demand of gold and silver…

Silver Market Morning: Jan-11-2016

January 11, 2016
By SilverSeek

The New York gold price closed Friday at $1,102.50 down from $1,109.30. In Asia it was moved to $1,104 but London pulled it back to $1,100 but the LBMA price was set at $1,104.70 up from $1,097.45 with the dollar index lower at 98.52 down from 98.82 on Friday. The euro was at $1.0895 up from $1.0882 against the dollar. The gold price in the euro was set at €1,013.95 up from €1,010.12. Ahead of New York’s opening, the gold price was trading at $1,103.15 and in the euro at €1,012.25.

Silver and SPX Similarities - Tops and Bottoms

January 08, 2016
By SilverSeek

Tops occurred about every seven years. Tops were usually rounded, followed by intense drops. Tops were approximately Aug. 1987, Jan. 1994, March 2000, Oct. 2007, and May 2015. Once the S&P broke below the red up-trending support lines in 2000, 2007, and (probably) in 2015, the rally was over and large corrections occurred. The next large move in the S&P looks like it should be, based on history, a substantial correction to the 600 – 1,400 range.

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