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Silver Market Updates

Silver and Warnings From Exponential Markets

August 31, 2015
By SilverSeek

Paper markets such as T-Bonds and the S&P 500 have been levitated by central bank “money printing,” government support, and the inevitable devaluation of fiat currencies built into the structure of the financial system. Paper markets move higher – exponentially – as currencies devalue and reset or crash to lower levels, and then repeat.

Silver Market Morning

August 31, 2015
By SilverSeek

On Friday New York closed at $1,134.40 up $10.30. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 96.07 up from Friday’s 95.19. Because of the Bank Holiday in the U.K. no LBMA gold price was set today. Ahead of New York’s opening, gold was trading at $1,132.80 and in the euro at €1,010.80.

Market Report: Silver Sold, Then Squeezed

August 28, 2015
By SilverSeek

While gold consolidated its recent gains, silver was sold down this week along with other metals and energy.

Silver Market Morning

August 28, 2015
By SilverSeek

On Thursday New York closed at $1,124.30 up $0.20. The dollar was stronger at $1.1246 at the close up from $1.1335, against the euro, with the dollar Index stronger at 95.76 up from 95.19 yesterday. This morning the LBMA gold price was set at $1,125.50 down $3.00. The euro equivalent was €997.61 down €1.42. Ahead of New York’s opening, gold was trading at $1,127.55 and in the euro at €998.51.

Gold & Silver Trading Alert: Silver and Miners’ Major Breakdown

August 27, 2015
By SilverSeek

Yesterday we saw another big daily decline and it served as an additional confirmation that taking profits on long positions and entering short ones on Monday, at 2PM (when the GDX was at $15) had been a good idea. Will the short positions become more profitable in the future?

Yes, Gold is a Barbarous Relic...SO SWAP IT ALL FOR SILVER!

August 27, 2015
By SilverSeek

I know that you have a few gold coins in your safe. I know you think it's good for your diversification but NOW is the time to think differently. Now is not the time for diversification. Now is the time to SAVE your wealth and gold doubling or tripling over the next few years is NOT going to save you.

Silver Market Morning

August 27, 2015
By SilverSeek

On Wednesday New York closed at $1,124.10 down $15.40. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 95.19 up from 94.10 yesterday. This morning the LBMA gold price was set at $1,128.50 down $5.90. The euro equivalent was €999.03 up €8.98. Ahead of New York’s opening, gold was trading at $1,126.40 and in the euro at €998.67.

Silver Market Morning

August 26, 2015
By SilverSeek

On Monday New York closed at $1,139.50 down $13.60. The dollar was stronger at $1.1496 this morning up from 1.1539, against the euro, with the dollar Index stronger at 94.10 up from 93.39 yesterday. This morning the LBMA gold price was set at $1,134.40 down $19.85. The euro equivalent was €990.05 down €12.16. Ahead of New York’s opening, gold was trading at $1,124.70 and in the euro at €984.42.

Silver Market Morning

August 25, 2015
By SilverSeek

On Monday New York closed at $1,153.10 down $6.30. The dollar was weaker at $1.1539 this morning down from $1.444 on Monday with the dollar Index weaker at 93.39 down from 94.94 yesterday. This morning the LBMA gold price was set at $1,154.25 up $0.75. The euro equivalent was €1,002.21 down €3.90 as the euro stabilized. Ahead of New York’s opening, gold was trading at $1,148.70 and in the euro at €997.70.

Gold or Silver Shortages?

August 24, 2015
By SilverSeek

A big pet peeve of mine is when an article is published talking about a shortage in silver or gold. Recently, we have seen an increase in articles claiming precious metals shortages simply because both the U.S. mint and Royal Canadian Mint ran out of blanks. Both of these government mints predetermine a rough amount they will mint at the start of the year and when demand surges a “bottleneck” can occur and this has happened in the past.

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