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Silver Market Updates

Silver Market Morning

March 18, 2015
By SilverSeek

New York closed at $1,148.50 down $6.40 with Asia holding it there and then London fixing it at $1,149.00, down $5.75 and in the euro, at €1,080.497, down €7.03, while the euro was slightly better at $1.0634. Ahead of New York’s opening, gold was trading in London at $1,151.00 and in the euro at €1,084.21.

Silver Market Morning

March 17, 2015
By SilverSeek

New York closed at $1,154.90 down $0.30 with Asia holding it there as did London ahead of the Fixing. The euro stood in New York at $1.06. At the Fix gold was set at $1,154.75 down $2.25 and in the euro, at €1,087.540 down €10.131, while the euro was at $1.0618 up three quarters of a cent. Ahead of New York’s opening, gold was trading in London at $1,155.00 and in the euro at €1,088.95.

Silver Market Morning

March 16, 2015
By SilverSeek

New York closed at $1,155.20 up $1.90 with Asia taking it up to $1,162 at the start of the week. The euro was holding closing levels in New York at $1.05. London took it back to $1,158 ahead of the Fix where it was set at $1,157.00 up $0.50 and in the euro, at €1,097.671 up €6.427, while the euro was at $1.0540 down almost half a cent. Ahead of New York’s opening, gold was trading in London at $1,157.00 and in the euro at €1,098.71.

Market Report: Currency chaos

March 13, 2015
By SilverSeek

This week has been all about currencies, with a weak euro grabbing the headlines.

Silver Market Morning

March 13, 2015
By SilverSeek

New York closed at $1,153.30 down$0.70 as the gold price began to stabilize as did the euro for now. Asia lifted the gold price to $1,159 and London held it there before it was Fixed at $1,156.50 down $4.75 and in the euro, at €1,091.244 down €3.655, while the euro was at $1.0598, almost unchanged. Ahead of New York’s opening, gold was trading in London at $1,156.45 and in the euro at €1,092.07.

Silver Projection, Dollar Correction

March 12, 2015
By SilverSeek

Debt is increasing rapidly. Global debt is approximately $200 Trillion and US debt exceeds $18 Trillion. Unfunded liabilities are much higher. Deflationary forces threaten central banks, hence they pump dollars, euros, and yen into the system to levitate the bond and stock markets. Interest rates have been crushed to multi-generational lows to further levitate the bond market and increase bank profitability. Currently the squeeze on the dollar has pushed it into a parabolic rally, and such…

Silver Market Morning

March 12, 2015
By SilverSeek

New York closed at $1,154 down$7.30 as, for yet another day, the dollar continued to rise as the market remained dominated by currency issues. Asia lifted the gold price by $11 before London pulled it back to $1,160. London then Fixed the gold price at $1,161.25 up $2.50 and in the euro, at €1,094.899 down €1.157, while the euro was at $1.0606, up quarter of a cent. Ahead of New York’s opening, gold was trading in London at $1,159.00 and in the euro at €1,091.51.

Silver Market Morning

March 11, 2015
By SilverSeek

New York closed at $1,161.30 down$5.60 as the dollar continued to rise as the market remained dominated by currency issues. Asia lifted the gold price by $2 before London pulled it back to New York’s closing levels. London then Fixed the gold price at $1,158.75 down $2.25 and in the euro, at €1,096.056 up €16.658, while the euro was at $1.0572, down another nearly 2 cents. Ahead of New York’s opening, gold was trading in London at $1,158.20 and in the euro at €1,090.43.

How to Get Struck by Lightning

March 10, 2015
By SilverSeek

Two M&A deals have already delivered paydays for investors in junior mining stocks this year: Goldcorp’s half-billion-dollar purchase of Probe Mines in Canada, and Tahoe Resources’ billion-dollar acquisition of Rio Alto Mining, a Peruvian gold producer. Now the arrival of a new, well-capitalized bidder for mining properties—X2 Resources—has raised prospects for more blockbuster deals like last year’s $3-billion takeover of Osisko Mining by Agnico Eagle and Yamana Gold.

Silver and Gold: Shelter From the Storm

March 10, 2015
By SilverSeek

Gold and silver are real money, while dollars, euros, and yen are paper substitutes that circulate as currency in place of money. Look at the graph of the ratio of silver to the national debt for the past 20 years. Note the long term rise in the ratio and especially the increase since 9-11. Yes, there has been huge volatility in silver prices as shown by the ratio, but silver and gold – real money – are demonstrating their true value in the face of escalating debt.

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