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Silver Market Updates

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.

Silver Market Morning

August 14, 2015
By SilverSeek

On Thursday New York closed at $1,115.20 down $8.60. The dollar was slightly weaker at $1.1142 down from $1.1111 with the dollar Index weaker at 96.42 down from 96.58 on Friday morning. This morning the LBMA gold price was set at $1,116.75 up $0.6. The euro equivalent was €1,003.23 down €3.68. Ahead of New York’s opening, gold was trading in a very narrow 30 point spread around $1,119.10 and in the euro at €1,001.79.

Desolation Row: the Silver Market

August 13, 2015
By SilverSeek

Silver peaked in 1980 and then crashed into “Silver Desolation Row” in 1999 – 2001, like now. The 1970s decade was the time for commodity price increases and inflation. The 1980s and 1990s saw a preference for paper assets and stocks, while commodities, gold, and silver prices collapsed.

Silver Market Morning

August 13, 2015
By SilverSeek

On Tuesday New York closed at $1,123.80 up $15.10. The dollar was slightly stronger at $1.1111 up from $1.1144 with the dollar Index unchanged at 96.58. This morning the LBMA gold price was set at $1,117.35 up $03.55. The euro equivalent was €1,003.23 up €2.40. Ahead of New York’s opening, gold was trading in a very narrow 30 point spread around $1,117.75 and in the euro at €1,005.00.

Silver Market Morning

August 12, 2015
By SilverSeek

On Tuesday New York closed at $1,108.70 up $5.40. The dollar was weaker at $1.1144 down from $1.0978 with the dollar Index also weaker at 96.58 down from 97.46. This morning the LBMA gold price was set at $1,116.80 up $3.55. The euro equivalent was €1,003.23 down €6.29. Ahead of New York’s opening, gold was trading in London $1,117.10 and in the euro at €1,003.28.

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.

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