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Silver Market Updates

Silver Market Morning: Nov-24-2015

November 24, 2015
By SilverSeek

New York closed at $1,068.70 down from $1,077.20. In Asia prices were lifted to $1,171.65 as the dollar’s rise paused. The LBMA price setting fixed it at $1,073.00 up from yesterday’s $1,068.35. The dollar Index is almost unchanged at 99.78 this morning. The dollar is at $1.0621 up from $1.0625 against the euro. In the euro the fixing was €1,007.13 up from yesterday’s €1,005.008. Ahead of New York’s opening gold was trading in the dollar at $1,075.15 and in the euro at €1,008.91.

Silver COT Update and More

November 23, 2015
By SilverSeek

Silver cracked the $14 level in today’s session but managed to recover prior to the close. Some of the recovery was aided by the retreat of the US Dollar away from the magical 100 level basis the USDX.

Is a 13 or 15 Handle Next for Silver?

November 23, 2015
By SilverSeek

In fact, silver is trading below its fundamental price also. However, it’s only at a 4.2% discount. If it were to go to its full fundamental value, and assuming that doesn’t change, it would be up near $15. But what if it were to go on the same kind of sale as gold? At a discount of 12.2%, silver would be down near $13.

Mine Production Stagnates As Silver Coin Demand Hits Record High

November 20, 2015
By SilverSeek

– Total silver supply is forecast to fall to 1,014.4 Moz* in 2015, down 3% – Silver bullion coin sales at record high, up 95% year-on-year – Coin demand should account for 12% of physical demand this year – Silver market is expected to be in an annual physical deficit of 42.7 Moz* in 2015 – Silver prices this year are 18.3% lower than in the same period in 2014

A SOLUTION TO THE MONETARY PROBLEM: A Chicken in Every Pot and A Bitcoin Miner on Every iPhone

November 12, 2015
By SilverSeek

In January 2015 the People of Greece voted the anti-austerity Syriza party into power and appointed Alexis Tsipras as their new Prime Minister. The mandate from the people was clear: No Austerity. Over the next 6 months Tsipras and his finance minister Yanis Varoufakis negotiated with a group of EU finance ministers about a bailout threatening to leave the Eurozone if they did not get their wishes...a bailout without austerity measures. Ultimately, the negotiations failed as the EU negotiators…

Silver Market Morning: Nov-10-2015

November 10, 2015
By SilverSeek

New York closed at $1,091.10 a rise of $3.10 up from $1,088.00 yesterday. In Asia it rose to $1,093.00 before London opened. The LBMA price setting fixed it at $1,092.50 down $3.10 over yesterday. The dollar Index paused yesterday at 98.99 at the close of New York on Monday. The dollar was slightly weaker at $1.0755 down from $1.0768 against the euro. In the euro the fixing was €1,018.89 up from €1,016.33. Ahead of New York’s opening gold was trading in the dollar at $1,093.00 and in the euro…

Silver Market Morning: Nov-9-2015

November 09, 2015
By SilverSeek

New York closed at $1,088.00 down from $1,103.50 Friday. In Asia it rose to $1,095.00 before London opened. The LBMA price setting fixed it at $1,095.60 down from Friday’s $1,107.70. The dollar Index was stronger today and rose to 99 up from 98.01 at the close of New York on Friday. The dollar was a cent stronger at $1.0768, up from $1.0879 against the euro. In the euro the fixing was €1,016.33 down from €1,018.29. Ahead of New York’s opening gold was trading in the dollar at $1,093.00 and in…

A 14 Handle on Silver. Again.

November 09, 2015
By SilverSeek

What’s the difference between the Supply and Demand Report 1 November and the Supply and Demand Report 8 November? Just a minor punctuation change. Last week, we asked (rhetorically) if silver would have a 14 handle again.

Silver Market Morning: Nov-6-2015

November 06, 2015
By SilverSeek

New York closed at $1,103.50 down from $1,107.50 on Thursday. In Asia it rose to $1,110.00 again, before London opened. The LBMA price setting fixed it at $1,107.70 up 30 cents over yesterday’s LBMA price setting. The dollar Index was stronger yesterday and rose to 98.01 up from 97.94 at the close of New York. The dollar was slightly weaker at $1.0879 down from $1.0861 against the euro. In the euro the fixing was €1,018.29 down from €1,019.71. At New York’s opening gold was trading in the euro…

November 5: Gold and Silver End Slightly Lower Before Jobs Day

November 05, 2015
By SilverSeek

Gold saw slight gains in Asia, but it then chopped back lower in New York and ended with a loss of 0.36%. Silver slipped to as low as $14.943 and ended with a loss of 0.6%.

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