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Silver Market Updates

Silver Price Fix – “Future Of The Fix Is Fraught”

February 03, 2016
By SilverSeek

The silver price fix debacle from last week and the new London silver price fix has received a litany of severe criticism in recent days.

Central Bank Created Silver Rally

February 01, 2016
By SilverSeek

The central banks of the world have made a mess of global economic systems, although they have successfully enriched the financial and political elite. But systems are collapsing, the deflation monster has arrived, and more QE, negative interest rates, bailouts, devaluations, and bail-ins are coming.

Possible Sign of Silver Turn

February 01, 2016
By SilverSeek

The price of the dollar was down 50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it, certainly not the dollar-derivatives called euro, pound, franc, yen, and yuan. In the common tongue, gold was up $20 and silver rose 25 cents.

Silver Market Morning: Feb-1-2016

February 01, 2016
By SilverSeek

The New York gold price closed Friday at $1,117.30 up from $1,114.50 up $2.80. In Asia on Monday, it lifted it to $1,121.35 ahead of London’s opening and then the LBMA set it at $1,122.00 up from $1,112.90 with the dollar index up at 99.40 up from 99.08 Friday. The euro was down at $1.0863 down from $1.0918 against the dollar. The gold price in the euro was set at €1,032.86 up from €1,019.33 a strong surge forward. Ahead of New York’s opening, the gold price was trading at $1,122.00 and in the…

Silver Market Morning: Jan-29-2016

January 29, 2016
By SilverSeek

The New York gold price closed Thursday at $1,114.50 down from $1.125.80 down $11.30. In Asia on Thursday, it lifted it to $1,115.55 ahead of London’s opening and then the LBMA set it at $1,112.90 down from $1,119.00 with the dollar index up at 99.08 up from 98.85 Thursday. The euro was up at $1.0918 up slightly from $1.0910 against the dollar. The gold price in the euro was set at €1,019.33 down from €1,025.66. Ahead of New York’s opening, the gold price was trading at $1,115.90 and in the…

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…

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