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Silver Market Updates

Silver Market Morning: Dec-28-2015

December 28, 2015
By SilverSeek

The New York gold price closed Thursday at $1,076.70 up from $1,072.50 up$4.20. In Asia, prices fell to $1,072.00 but London took it down to $1,071.35 with the dollar index falling to 97.99 down from 98.26. The euro rose to $1.0983 up from $1.0938 on Thursday against the dollar. Ahead of New York’s opening, the gold price was trading at $1,071.70 and in the euro at €977.52.

Silver Market Morning: Dec-23-2015

December 23, 2015
By SilverSeek

The New York gold price closed Monday at $1,072.50 down from $1,078.20 down $5.70 on the day. In Asia, prices lifted to $1,074.00 but London taking it down to $1,072 with the dollar index falling slightly to 98.26 down from 98.70. The euro rose to $1.0938 up from $1.0869 on Tuesday against the dollar. The London a.m. LBMA gold price was set at $1,071.50 down from $1,077.00 Tuesday. The euro fixing was €980.78 down from Tuesday’s €984.64. Ahead of New York’s opening, the gold price was trading…

Market Tops and Bottoms in Gold and Silver

December 22, 2015
By SilverSeek

Based on 48 years of historical data, We believe this indicator is useful in determining silver and gold tops. However, the next major top in silver seems a long way off, but at the other business end of the chart, we see that the indicator is at a low which has only been seen twice before in 1972 and 1984. One of these triggered before the greatest silver bull market ever and the other triggered at the other side of it as silver was obliterated during the disinflation of the 1980s.

Silver Market Morning: Dec-22-2015

December 22, 2015
By SilverSeek

The New York gold price closed Monday at $1,078.20 from $1,065.90 up $12.30 on the day. In Asia, prices held there with London holding slightly below that level with the dollar index falling slightly to 98.26 down from 98.70. The euro rose to $1.0938 up from $1.0869 on Monday against the dollar. The London a.m. LBMA gold price was set at $1,077.00 up from Monday’s $1,071.15 up $5.85. The euro fixing was €984.64 down from Monday’s €985.96. Ahead of New York’s opening, the gold price was…

Silver: May the 100 Year Force Be With You

December 21, 2015
By SilverSeek

Crude oil and silver prices are historically low compared to national debt, the DOW, the S&P (not shown) and most paper investments. Eventually people will realize that “paper” investments can return to their intrinsic value – much lower. Or relatively speaking, silver and crude oil will be priced much higher in devaluing currencies.

Janet Yellen Lit the Fuse Report 20 Dec, 2015

December 21, 2015
By SilverSeek

Unlike in gold, the price of silver spiked. We don’t know what motivated the buying frenzy on Friday morning for the second time this week. But we can tell you it began with buyers of metals but was extended by speculators. The fundamental price of silver fell this week, by 8 cents. It’s still over the market, but not by a whole lot.

Silver Market Morning: Dec-18-2015

December 18, 2015
By SilverSeek

The New York gold price closed at $1,050.70 down $22.60 from $1,073.30 on Thursday’s close. In Asia prices rose back to $1,057.00 before London held it around $1,056 and the dollar index rose to 98.99 up from 98.83 in the dollar Index. The euro fell back to $1.0821 down from yesterday’s $1.849 from Thursday’s level against the dollar. The London a.m. LBMA gold price was set at $1,055.25 down $10.60 from Thursday’s $1,065.85. In the euro the fixing was €975.55 down from yesterday’s €982.26…

Silver Market Morning: Dec-17-2015

December 17, 2015
By SilverSeek

The New York gold price closed at $1,073.30 up from $1,060.90 on Wednesday’s close. In Asia prices pulled back to $1,064.00 before London took it back up to $1,054, as the dollar index rose to 98.83 the dollar Index. The euro fell back to $1.0849 down from yesterday’s $1.920 down ¾ of a cent from Wednesday’s against the dollar. The London a.m. LBMA gold price was set at $1,065.85 up 10 cents from Wednesday’s $1,065.75. In the euro the fixing was €982.26 up from yesterday’s $975.60. Ahead of…

Silver: Until Paper Currencies Stop Losing Value

December 15, 2015
By SilverSeek

When will paper money stop losing its value? I submit that unbacked fiat paper money will, based on history, never stop losing value – as long as it is backed by dodgy sovereign debt issued by governments descending deeper into debt ever year. A viable alternative is currency backed by gold and silver, but even though precious metals have been used successfully as money for centuries, there is far more profit for TPTB when they use the paper stuff. Consequently paper and digital currencies…

Whither Silver?

December 14, 2015
By SilverSeek

IN a bit of a surprise today, crude oil somehow managed to pop high after falling below $35 at one point. It seems like it was more a case of running out of sellers rather than aggressive new buying.

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