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Silver Market Updates

Silver Market Morning

August 24, 2015
By SilverSeek

On Friday New York closed at $1,159.40 up $26.70. The dollar was weaker at $1.1444 down from $1.1062 on Thursday with the dollar Index weaker at 94.94 down from 96.50 on Friday. It opened on Monday at 94.54. Asia took the price down on Monday to $1,154 as global equity markets slid. This morning the LBMA gold price was set at $1,153.50 up $5.55. The euro equivalent was €1,006.11 down €13.42 as the euro surged. Ahead of New York’s opening, gold was trading at $1,159.50 and in the euro at €1,007…

China chooses her weapons

August 21, 2015
By SilverSeek

China's recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the SDR until next October.

Silver - More Evidence of a Price Bottom

August 20, 2015
By SilverSeek

Silver prices hit a low of about $14.33 on July 24 after High Frequency Traders had run stops that week. It has happened before and will again. Occasionally they will run stops going up, not down. The gold to silver ratio has been hovering around 75.

Silver Market Morning

August 20, 2015
By SilverSeek

On Wednesday New York closed at $1,132.70 up $15.00. The dollar was weaker at $1.1122 down from $1.1062 with the dollar Index slightly weaker at 96.50 down from 96.80 on Thursday morning. Asia took the price higher still to $1,138. This morning the LBMA gold price was set at $1,137.95 up $14.75. The euro equivalent was €1,019.53 up €2.28. Ahead of New York’s opening, gold was trading at $1,139.25 and in the euro at €1,019.60.

Silver Market Morning

August 19, 2015
By SilverSeek

On Tuesday New York closed at $1,117.70, up $0.10. The dollar was virtually unchanged at $1.1062 with the dollar Index slightly weaker at 96.80 down from 96.91 on Wednesday morning. Asia took the price back to $1,123. This morning the LBMA gold price was set at $1,123.20 up $4.05. The euro equivalent was €1,017.25 up €6.32. Ahead of New York’s opening, gold was trading at $1,121.15 and in the euro at €1,015.58.

This “Pig” Just Made a Massive Bet on Gold

August 18, 2015
By SilverSeek

Stan Druckenmiller is going big on gold. Druckenmiller is one of the world’s most successful and respected traders. As a hedge fund manager from 1986 to 2010, he generated an incredible average annual return of 30%. Druckenmiller was also George Soros’s right-hand man at Quantum, Soros’s famed hedge fund. Quantum’s now legendary 1992 trade shorting the British pound was Druckenmiller’s idea. It made Quantum about $1 billion. People say the trade “broke the Bank of England.”

Silver Cycle Low - Now

August 18, 2015
By SilverSeek

The price of silver has been crushed during the last four years. Prices are ready to reverse. We will know soon enough after the High-Frequency-Traders have their way with prices for paper silver and gold on the CME.

Silver Market Morning

August 18, 2015
By SilverSeek

On Monday New York closed at $1,117.60, up $2.40. The dollar was slightly weaker at $1.1063 down from $1.1100 with the dollar Index stronger at 96.91 up from 96.69 on Tuesday morning. This morning the LBMA gold price was set at $1,119.15 up $1.85. The euro equivalent was €1,010.93 up €5.26. Ahead of New York’s opening, gold was trading at $1,120.05 and in the euro at €1,012.20.

Silver Market Morning

August 17, 2015
By SilverSeek

On Friday New York closed at $1,115.20, unchanged on Thursday. The dollar was slightly stronger at $1.1100 down from $1.1142 with the dollar Index weaker at 96.69 down from 96.42 on Monday morning. This morning the LBMA gold price was set at $1,117.30 up $0.55. The euro equivalent was €1,005.67 up €2.44. Ahead of New York’s opening, gold was trading in tight 30 point spread still around $1,121.65 and in the euro at €1,008.22.

The Coming Silver Rally Will Outperform All Previous Ones

August 17, 2015
By SilverSeek

The Gold/Silver Ratio (GSR) is a key indicator in the analysis of the silver and gold markets. This ratio (or chart of the ratio) is probably one of the most difficult to analyse. One has to take a real close look at the ratio in order to find what actually drives the ratio up or down.

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