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Silver Market Updates

Market Report: Dollar weakens

May 15, 2015
By SilverSeek

The US dollar continued to lose ground this week, contributing to a firmer trend for precious metals. Gold rose over $40 to $1223, and silver by $1.13 to $17.45, though prices initially opened a little lower in early European trading this morning, perhaps anticipating some pre-weekend profit-taking.

Silver Market Morning

May 15, 2015
By SilverSeek

New York closed at $1,221.80 up $7.00 over Thursday’s close. Asia took it down to $1,220.10. The LBMA Gold price was set at $1,216.30 up $15.75 over Thursday’s level. The euro equivalent stood at €1,070.78 up €7.36 while the dollar was stronger and the euro weaker at $1.1359 from $1.1423 against the euro. Ahead of New York’s opening, gold was trading lower in London at $1,214.00 and in the euro at €1,068.94.

Silver Market Morning

May 14, 2015
By SilverSeek

New York closed at $1,214.80 up $21.60 over Wednesday’s close. Asia held took it up to $1,218. The LBMA Gold price was set at $1,214.75 up $21.75 over Wednesday’s level. The euro equivalent stood at €1,063.42 up €0.89 while the dollar was 2 cents weaker at $1.1423 up from $1.1225 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,219.60 and in the euro at €1,067.67.

Silver Market Morning

May 13, 2015
By SilverSeek

New York closed at $1,193.20 up $9.80 over Tuesday’s close. Asia held it there as did London. The LBMA Gold price was set at $1,193.00 up $8.55 on Tuesday’s level. The euro equivalent stood at €1,062.52 up €1.25 while the dollar was weaker at $1.1225 down from $1.1351 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,194.30 and in the euro at €1,063.92.

Silver Bullion Buying Outstripping Supply As JP Morgan ($JPM) Buys

May 13, 2015
By SilverSeek

- Silver one of most undervalued assets in world today - Fundamentals for silver market very strong - Total demand for silver outweighed supply by almost 22% last year - Industrial demand set to surge as solar energy projects are expanded - Artificially low prices have forced some mines out of business which may lead to a supply crunch - Smart money including JP Morgan acquiring silver - Silver to outperform assets including gold

Silver Market Morning

May 12, 2015
By SilverSeek

New York closed at $1,183.40 down $5.10 over Monday’s close. Asia took it up $2 ahead of London’s opening with London then holding it there. The LBMA Gold price was set at $1,184.45 down only $0.30 on Monday’s level. The euro equivalent stood at €1,061.27 up €19.35 while the dollar was stronger at $1.1135 down from $1.1351 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,194.00 and in the euro at €1,061.33.

Gold Prices In 2020? Debt Drives Gold and Stocks

May 11, 2015
By SilverSeek

US National Debt: We know the progression of debt – it increases, or it increases rapidly. Since 1913 the official US national debt has increased about 9% per year – every year. Has the economy increased 9% per year? Of course not! And that is why, in truly simple terms, prices rise. The same is largely true in the UK, Europe, and Japan. It is the same old story throughout the history of other fiat currency experiments.

Silver Market Morning

May 11, 2015
By SilverSeek

New York closed at $1,188.50 up $5.60, on Thursday’s level. Asia saw it hold at that level ahead of London’s opening with London then taking it down $4. The LBMA Gold price was set at $1,184.75 up only $1.75 on Friday’s level. The euro equivalent stood at €1,061.27 up €19.35 while the dollar was stronger at $1.1135 down from $1.1351 against the euro. Ahead of New York’s opening, gold was trading slightly higher in London at $1,186.45 and in the euro at €1,063.37.

Dollar Danger Zone

May 08, 2015
By SilverSeek

China has purchased and imported a massive amount of gold bars in the past 5 years. The magnitude of the gold migration from the west to Asia has been obscured intentionally. Clearly the western central banks and governments do not want the world to know how much gold they have sold to China. China does not want to announce how much gold they have purchased, which might panic the gold market and elevate prices, making additional purchases more expensive. China’s gold hoard will become a…

Controlling copper and silver prices

May 07, 2015
By SilverSeek

There is an unwarranted assumption that market prices are always right, and represent "fair value". In the case of commodities, particularly metals, this is not necessarily true, because regulated financial markets make it too easy for government agencies and large banks to game the system.

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