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Silver Market Updates

Silver Market Morning

March 10, 2015

New York closed at $1,166.90 up $1.20 in a thin market but with more heavy ETF sales, but still dominated by currency issues. Asia took the gold price down to $1,158.00 before London opened. London then Fixed the gold price at $1,161.00 down $13.75 and in the euro, at €1,079.398 up €1.426, while the euro was at $1.0756, down another one and a quarter cents. Ahead of New York’s opening, gold was trading in London at $1,164.00 and in the euro at €1,083.55.

Silver Market Morning

March 09, 2015

New York closed at $1,165.70 down $33.30 in a thin market but with heavy ETF sales, but still dominated by currency issues. Asia took the gold price up slightly to $1,174.00 before London opened. London then Fixed the gold price at $1,173.75 96.50 down $22.75 and in the euro, at €1,077.972 down €12.63, while the euro was at $1.0889 down nearly a cent. Ahead of New York’s opening, gold was trading in London at $1,174.60 and in the euro at €1,079.74.

Currency wars have intensified this week driving the US dollar sharply higher against the euro, yen and pound.

March 06, 2015

Minor currencies are also deliberately devaluing against the world's reserve currency. According to Zerohedge, 21 central banks have cut interest rates since 1st January. The signal this sends out is that people everywhere appear to be showing an increasing preference for money over goods, commonly associated with deflation.

Silver Market Morning

March 06, 2015

New York closed at $1,198.00 down $1.40 in a thin market still dominated by currency issues. Asia took the gold price up slightly to $1,198.90 before London pulled it down to $1,199. London then Fixed the gold price at $1,196.50 down $3.25 and in the euro, at €1,090.602 up €4.561, while the euro was at $1.0971 down nearly three quarters of a cent again. Ahead of New York’s opening, gold was trading in London at $1,196.40 and in the euro at €1,093.25.

Silver Market Morning

March 05, 2015

New York closed at $1,199.40 down $3.80 in a market dominated by currency issues. Asia took the gold price up to $1,204 before London pulled it down to $1,199. London then Fixed the gold price at $1,199.75 down $4.50 and in the euro, at €1,086.041, up €3.374, while the euro was at $1.1047 down nearly three quarters of a cent. Ahead of New York’s opening, gold was trading in London at $1,200.00 and in the euro at €1,086.17.

Silver Market Morning

March 04, 2015

New York closed at $1,203.20 down $2.30. Asia took the gold price up to $1,207 before London pulled it down to $1,204. London then Fixed the gold price at $1,204.25, down $3.50 and in the euro, at €1,082.667, up €1.147, while the euro was at $1.1123 down nearly half a cent, again. Ahead of New York’s opening, gold was trading in London at $1,204.40 and in the euro at €1,082.17.

Silver Market Morning

March 03, 2015

New York closed at $1,205.50 down $5.60. Asia took the gold price up to $1,210 before London pulled it down to $1,208. London then Fixed the gold price at $1,207.75 down $9.00 and in the euro, at €1,081.196 up €3.735, while the euro was almost unchanged at $1.1170 down nearly half a cent. Ahead of New York’s opening, gold was trading in London at $1,208.40 and in the euro at €1,082.07.

Silver Market Morning

March 02, 2015

New York closed at $1,211.1 up $2.70. Asia took the gold price up to $1,221 before London pulled it down to $1,214. London then Fixed the gold price at $1,216.75 up $11.75 and in the euro, at €1,084.931 up €11.339, while the euro was almost unchanged at $1.1215. Ahead of New York’s opening, gold was trading in London at $1,213.60 and in the euro at €1,081.01.

Market Report: PMs steady, but watch the euro

The US dollar eased this week when Janet Yellen of the Fed gave her semi-annual report on monetary policy to Congress.

Silver Market Morning

New York closed at $1,208.40 up $3.80. London Fixed the gold price at $1,205.00 down $15.00 and in the euro, at €1,073.592 down €0.68, while the euro was down almost 1.5 cents at $1.1224. Ahead of New York’s opening, gold was trading in London at $1,208.10 and in the euro at €1,076.35.

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