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Silver Market Updates

Silver Market Morning

July 13, 2015
By SilverSeek

New York closed at $1,163.00 up $0.60 with Asia and London taking it down to $1,160. The dollar was weaker at $1,1147 down from $1.1140 against the euro with the dollar Index at 9587 down from 96.11. The LBMA gold price was set this morning at $1,154.95 down $7.45. The euro equivalent was €1,043 13 down €4.86. Ahead of New York’s opening, gold was trading in London at $1,156.80 and in the euro at €1,044.66.

Silver Bullion Demand High – Price Falls and Premiums Surge

July 13, 2015
By SilverSeek

- Silver imports into U.S. surge 33% - Silver Eagle demand very robust - Silver Eagles and Maples see 25% surge in premiums and shortages - Silver price falls over 3.8% on same day as U.S. Mint runs out of silver eagles - Total ETF Silver holdings remain robust – over 500 million ounces - Increase in demand seems to becoming from large entities buying bars - Silver is great value sub $20 per ounce

Silver Market Morning

July 10, 2015
By SilverSeek

New York closed at $1,162.40 up $3.60 with Asia and London holding it there in a barely changed market. The dollar was weaker at $1,1107 down from $1.1033 against the euro with the dollar Index 96.11 down from 96.50. The LBMA gold price was set this morning at $1,162.40 up only $0.30. The euro equivalent was €1,038.27 down €14.69. Ahead of New York’s opening, gold was trading in London at $1,160.10 and in the euro at €1,037.01.

Market Report: Two Horsemen of the Apocalypse

July 10, 2015
By SilverSeek

If we can reassign meanings given to the biblical Four Horsemen of the Apocalypse from the original, we can then say financial markets saw two of them this week.

Train Wrecks Past & Future

July 09, 2015
By SilverSeek

BETWEEN DENIAL AND DELUSION LIES A THIN ZONE OF CLARITY. In that zone of clarity we realize that train wrecks occur, printing money only increases the wealth of the political and financial elite, our financial leaders have created bubbles in stocks, bonds, and currencies, bubbles always pop, AND BUBBLES DO NOT POP PAINLESSLY.

Silver Market Morning

July 09, 2015
By SilverSeek

New York closed at $1,158.80 up $3.00 with Asia and London taking it up to $1,162.80. The dollar was almost unchanged at $1,1033 against the euro and the dollar Index was almost unchanged at 96.50 up from 96.45. The LBMA gold price was set this morning at $1,162.10 up $7.85. The euro equivalent was €1,052.96 up €7.25. Ahead of New York’s opening, gold was trading in London at $1,162.20 and in the euro at €1,053.39.

The Fuse Has Been Lit

July 08, 2015
By SilverSeek

This is what selective capital controls look like. A colleague asked me just now if the NYSE had resumed trading yet (2:15 p.m. EST). I replied: “Does it really matter? It’s irrelevant. The fuse has been lit. This is the start of capital controls. It’s no different from what China is doing. Just wait till they start lowering the gate on mutual funds…then banks….”

Silver Market Morning

July 08, 2015
By SilverSeek

New York closed at $1,155.80 down $13.10 with Asia and London holding it there. The dollar was weaker at $1.1038 against the euro from $1.0970 and the dollar Index was lower at 96.45 down from 96.87. The LBMA gold price was set this morning at $1,154.25 down $12. The euro equivalent was €1,045.71 down €17.22. Ahead of New York’s opening, gold was trading in London at $1,155.10 and in the euro at €1,046.14.

Mint suspends American Silver Eagle sales

July 07, 2015
By SilverSeek

We have received word through an industry source that the U.S. Mint temporarily suspended sales of American Silver Eagles due to strong investor demand. It intends to resume sales in two weeks. The Mint sent out an announcement to this effect earlier today.

Silver Market Morning

July 07, 2015
By SilverSeek

New York closed at $1,168.90 up $1.90. Asia and London held it there. The dollar was unchanged at $1.0970 and the dollar Index was higher at 96.87 up from 96.74. The LBMA gold price was set this morning at $1,166.25 up $2.00. The euro equivalent was €1,062.93 up €7.26. Ahead of New York’s opening, gold was trading in London at $1,166.00 and in the euro at €1,062.61.

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