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Silver Market Updates

Silver - Four Years Later

May 01, 2015
By SilverSeek

Based on the 30 year ratios to the S&P 500 index, gold, and crude oil, silver is currently inexpensive. The High-Frequency-Traders can push prices lower or higher quite easily so this analysis says little about what silver prices will do next week or next month, but it clearly says that in the long-term silver prices are low and likely to rise significantly in the next few years.

Market Report: Bear squeeze comes and goes

May 01, 2015
By SilverSeek

This week started with a sharp bear squeeze, which took gold from $1178 to $1214, and silver from $15.70 to $16.71.

Silver Market Morning

May 01, 2015
By SilverSeek

New York closed at $1,182.80 down $21.20 on Thursday. Asia saw it hold there and London took down $3. The LBMA Gold price was set at $1,179.00 down $25.30. The euro equivalent stood at €1,047.07 down €29.06 while the dollar was weaker at $1.1260 down from $1.1192 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,180.40 and in the euro at €1,047.24.

JP Morgan Cornering Silver Bullion Market?

May 01, 2015
By SilverSeek

- Why is JP Morgan accumulating the biggest stockpile of physical silver in history? - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today – Set to soar to over $50 again

Silver Market Morning

April 30, 2015
By SilverSeek

New York closed at $1,204.00 down $8.20 on Wednesday. Asia saw it hold there and London took it up a dollar. The LBMA Gold price was set at $1,204.30 down only 50 cents. The euro equivalent stood at €1,076.13 down almost €20 while the dollar was weaker at $1.1192 down from $1.0993 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,203.40 and in the euro at €1,075.81.

With a Bang or a Whimper (How the Financial World Resets)

April 29, 2015
By SilverSeek

We survived other resets, such as the depression of the 1930s, WWII, 1971 separation of the dollar from gold, 1970s inflation, year 2000 stock crashes, and the 2008 financial crash. The world will survive the next reset. Excess debt, fiat currencies, and “printing currency” are the center of global economic problems. Those problems will not be resolved with more debt and “printing currency.”

Silver Market Morning

April 29, 2015
By SilverSeek

New York closed at $1,212.20 up $9.80 on Tuesday. Asia saw it slip to $1,208 and London held it there. The LBMA Gold price was set at $1,204.80 below market trading prices and up $3.40. The euro equivalent stood at €1,096.17 down €4.52 while the dollar was weaker at $1.0993 down from $1.0916 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,206.20 and in the euro at €1,096.65.

Silver Market Morning

April 28, 2015
By SilverSeek

New York closed at $1,202.40 up $23.80 on Monday. Asia held it there overnight as did London. The LBMA Gold price was set at $1,201.40 up $18.65. The euro equivalent stood at €1,100.69 up €9.07 while the dollar was weaker at $1.0916 down from $1.0832 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,201.90 and in the euro at €1,099.44.

Rock-Paper-Silver

April 27, 2015
By SilverSeek

The old game is Rock-Paper-Scissors in which rock breaks (wins against) scissors, scissors cuts (wins against) paper, paper covers (wins against) rock. The game is balanced with wins, losses, and draws.

Silver Market Morning

April 27, 2015
By SilverSeek

New York closed at $1,178.60 down $6.10 on Friday in NY. Asia lifted it to $1182 before the LBMA Gold price was set at $1,182.75 down $9.60. The euro equivalent stood at €1,091.62 down €8.25 while the dollar was virtually unchanged. Ahead of New York’s opening, gold was trading higher in London at $1,185.60 and in the euro at €1,094.48.

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