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Silver Market Updates

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.

What Silver Rocket? Report 13 Dec, 2015

December 14, 2015
By SilverSeek

Like any fundamental calculation of value, there is no guarantee that the market price will hit the fundamental value. And of course fundamental value is changing all the time too. That said, the fundamental ratio is 7.5% over the market price. That has to be a strong pull.

Silver Market Morning: Dec-14-2015

December 14, 2015
By SilverSeek

The New York gold price closed at $1,078.20 up from $1,071.70 on Friday’s close. In Asia prices dropped to $1,074 before London took it down to $1,067 as the dollar index held close to Friday’s level of 97.90 at today’s 97.85 on the dollar Index. The euro is at $1.0955 almost the same as Friday’s $1.0956 against the dollar. The London a.m. LBMA gold price was set at $1,068.00 up from Friday’s $1,067.20 Friday. In the euro the fixing was €974.05 up from yesterday’s $972.79. Ahead of New York’s…

Silver Is Leading To The Downside

December 13, 2015
By SilverSeek

Markets were holding up for most of the week until Friday, when they finally released to the downside. While markets were holding up all week, I noted over and over again that stocks were not acting so great and were setting us up for a move lower, which came Friday.

December 10: Gold and Silver End Slightly Lower

December 10, 2015
By SilverSeek

Gold chopped around near unchanged and ended with a loss of 0.09%. Silver slipped to as low as $14.106 and ended with a loss of 0.28%.

India and Gold

December 10, 2015
By SilverSeek

Indian citizens should be alert to what is going on behind the scenes, and western observers should follow this story carefully. The Indian government is on course to do what every government does to get its citizens' gold, by fair means initially and foul when fairness fails. Once their gold has gone into the government coffers, the Indian people will never ever see it again.

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