loading
loading

Silver Market Updates

The EPA's Polluted River

August 11, 2015
By SilverSeek

The U.S. Environmental Protection Agency's massive spill of arsenic-laden contaminants into Colorado's Animas River (literally, from the Spanish, River of Souls) a week ago has all the makings of a slow-speed softball pitched at this relentless critic of EPA's hubris, bullying and unscientific bullshite.

U.S. and Canadian Mint Dysfunction Snowballs as Silver Coin Premiums Rise

August 11, 2015
By SilverSeek

Lower precious metals prices on Wall Street aren't necessarily bringing lower prices on Main Street. The retail market for gold and silver coins, bars, and rounds has been swamped with high demand since mid June. Both the U.S. Mint and the Royal Canadian Mint continue to run into serious issues keeping up with retail silver coin demand.

Silver and Gold: The Triumph of Experience over Hope

August 11, 2015
By SilverSeek

Rather than discuss the triumph of experience over hope regarding hard money, honest politicians, and free market economics, let’s look at the OPPOSITE.

Silver Market Morning

August 10, 2015
By SilverSeek

On Friday New York closed at $1,092.10 up $2.80. The dollar is down more than half a cent at $1,0976, with the dollar Index weaker initially before rising to 97.85 down from 97.90. This morning the LBMA gold price was set at $1,094.80 up $3.45. The euro equivalent was €1,001.01 up €3.25. Ahead of New York’s opening, gold was trading in London above $1,094.30 and in the euro at €1,000.50.

The Next Silver Bull May Have Already Started

August 07, 2015
By SilverSeek

Silver is down 7.1% this year. Will this weakness persist? To find out, let’s look at the key factors in the silver market this year. Like gold, silver fell as the US dollar rose on the back of expectations that the Fed will hike rates. World demand for physical silver fell 4% in 2014, largely due to a record 19.5% drop in investment demand. Silver exchange-traded funds (ETFs) did not see big liquidations in 2014. ETF holdings grew by 1.4 million ounces and recorded their highest year-end level…

Gold, Golf, & Silver ... are Similar

August 07, 2015
By SilverSeek

As I write this, gold prices on the COMEX have sold off $10 and some “gold bugs” are worried and scared. This is normal. Trust central banks and governments to force gold prices far higher. Also, thousands of (right handed) golfers are currently slicing right on dog-leg left fairways. Golfers will find their balls, recover, and play again tomorrow. Gold prices will rally “tomorrow,” the sun will rise, governments will spend too much, and golfers will strive for the perfect swing.

Silver Market Morning

August 07, 2015
By SilverSeek

On Thursday New York closed at $1,089.30 up $4.30. The dollar is barely changed at $1.0911, with the dollar Index the same at 97.90. This morning the LBMA gold price was set at $1,091.35 up $6.35. The euro equivalent was €997.76 up €2.44. Ahead of New York’s opening, gold was trading in London above $1,091.20 and in the euro at €997.62.

Silver Market Morning

August 06, 2015
By SilverSeek

On Wednesday New York closed at $1,085.00 down $3.20. The dollar is slightly weaker at $1.0901 down from $1.0860, with the dollar Index weaker at 97.90 down from 98.12. This morning the LBMA gold price was set at $1,085.00 down from $1,086.50. The euro equivalent was €995.32. Ahead of New York’s opening, gold was trading in London above $1,085.60 and in the euro at €995.69.

Silver Market Morning

August 05, 2015
By SilverSeek

On Friday New York closed at $1,088.20 up $1.90. The dollar is relatively strong at $1.0860 up from $1.0977, with the dollar Index stronger at 98.12 up from 97.32. This morning the LBMA gold price was set at $1,086.50 down from $1,092.60 down $6.10. The euro equivalent was unchanged from yesterday. Ahead of New York’s opening, gold was trading in London above $1,091.50 and in the euro at €1,001.15.

Leaving the Information Grid

August 04, 2015
By SilverSeek

We've been off the information grid for nearly a month now. Oh, we've still got electricity, the internet, the gas and water and sewer connexions, but a month ago the satellite went away at our command, so no more government and corporate news at 6 p.m. or the Sunday morning food-fights.

Subscribe to Silver Market Updates

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!