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Silver Market Updates

The Decline and Fall of Silver Backwardation 11 Oct, 2015

October 11, 2015
By SilverSeek

The gold price moved up $18. However, the silver price moved up 60 cents which is a much bigger percentage. The silver community is getting pretty excited. A market trend will often begin when a small number of traders learn something new. As they begin buying (or selling), the price begins to move. Others become aware of the truth, and they begin buying. There’s just one problem with these moves.

China and the dollar

October 09, 2015
By SilverSeek

With the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy.

Silver Market Morning: October-9-2015

October 09, 2015
By SilverSeek

New York closed with the gold price at $$1,139.90 down from $1,145.60. In Asia yesterday in time gold rose to $1,150 ahead of London’s opening. The gold price was set at $1,151.50 up from $1,143.30 at the LBMA gold setting. The dollar Index was down at 94.82 down from 95.15 and the dollar was trading against the euro at $1.1362 down from $1.1305. In the euro the fixing was €1,013.47 up from €1,011.32. Ahead of New York’s opening gold was trading at $1,154.00 and in the euro at €1,015.62.

Silver and the Bond Market Collapse

October 06, 2015
By SilverSeek

Debt is at the root of money creation in this debt-based monetary system. In fact, as the name suggests, money is debt in this system. Historically, instead of debt as money, there would have been gold or silver. Gold is still somehow linked to the monetary system, albeit in a very small way, as can be seen by the fact that many central banks own gold as part of their reserves. Silver, on the other hand, has been completely eliminated from the monetary system.

Inflation: Silver Leads & Gold Follows

October 06, 2015
By SilverSeek

When combined with rate cuts, QE becomes a deadly deflationary cocktail. Banks have no incentive to make loans, and T-bonds become the asset of choice. The T-bond money is squandered by governments, and money velocity implodes. The bottom line is that bank and government wealth is inflated by QE, and the wealth of the average person is massively deflated. “QE to infinity” is better described as “deflation to infinity”.

Major Mints Limit Silver Sales, Incredible Physical Demand

October 05, 2015
By SilverSeek

Take a look at the "paper price" of gold and silver and then go and try to buy the precious metal from your bullion dealer for that price. What will you see? You will quickly realize that the paper price and the physical price are drastically different.

Key Chart Shows Silver at Critical Crossroads

October 05, 2015
By SilverSeek

Gold and silver markets enter the week with an opportunity to build on last Friday’s strong reversal. The metals had drifted lower through Thursday’s close, but they got a big boost Friday after the Labor Department released disappointing jobs numbers.

Silver Market Morning: October-5-2015

October 05, 2015
By SilverSeek

New York closed with the gold price at $$1,137.30 up from $1,114.30 on Friday in New York. China remains closed until Thursday in its ‘Golden Week’ holiday. When London opened the gold price slipped to $1,135.00 after which it was set at $1,134.35 up from Friday’s $1,106.30 at the LBMA gold setting. The dollar Index was down at 95.58 from 96.30 and the dollar trading against the euro at $1.1268 down from $1.1165. In the euro the fixing was €1,006.70 up from €990.86. Ahead of New York’s opening…

Silver Price Spikes, But What Demand

October 04, 2015
By SilverSeek

For a few frenzied minutes, while everyone was sleeping, the price of silver spiked 56 cents. Well, at least the West Coast of America was sleeping. It began at 8:30 in New York, where presumably most traders were not sleeping. And of course, it was afternoon here in London (where Monetary Metals just held a seminar). The catalyst was a news release: the non-farm payroll numbers.

Silver Market Morning: October-2-2015

October 02, 2015
By SilverSeek

New York closed with the gold price at $1,114.30 down from $1,116.00. With China closed and the pre London opening seeing the gold price fall to $1,110 we find it difficult to accept such a fall when no market is open. When London opened the gold price slipped again to be set at $1,106.30 at the LBMA gold setting. The dollar Index was at 96.30 at the time and the dollar trading against the euro at $1.1165. In the euro the fixing was €990.86 down from €998.48. Ahead of New York’s opening gold…

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