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Silver Market Updates

17 Reasons Why I Trust Silver

December 16, 2014
By Chris Mullen, Chief Content Manager

The US is trying to provoke Russia into war, perhaps nuclear war, through the use of sanctions, pressure on the exchange rate of the Ruble, weak oil prices, and military maneuvers. R. 758 overwhelmingly passed the U.S. House of Representatives on 4 December 2014. It brings the United States closer to a serious military confrontation with Russia.

Silver Market Morning

December 16, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,191.70 down a huge $30.40 before Asia took it up to $1,196.4. The euro rose slightly to $1.2475. In London gold rose and the gold Fixing was set at $1,199.25 down $11.50 and in the euro, at €960.245 down €14.285 while the euro was half a cent stronger at $1.2489. Ahead of New York’s opening gold was trading in London at $1,200.80 and in the euro at €960.14.

Silver Market Morning

December 15, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,222.10 down $3.00 before Asia took it down to $1,219.30. The euro rose over half a cent to $1.2452. In London the gold Fixing was set at $1,210.75 down $12.75 and in the euro, at €974.53 down €9.78 while the euro was unchanged at $1.2424. Ahead of New York’s opening gold was trading in London at $1,211.40 and in the euro at €975.05.

Market Report: Gold was the safe-haven this week

December 12, 2014
By Chris Mullen, Chief Content Manager

This week, precious metals continued their recovery, with gold up $35 at $1220 and silver up about $1 at $17 this morning, thus building on the improved trend since gold bottomed nearly $90 lower at $1132 on 7 November.

Silver Market Morning

December 12, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,225.10 down $2.30 before Asia took it down to $1,220. The euro fell over half a cent to $1.2395. In London’s the gold Fixing was set at $1,223.50 up $4.00 and in the euro, at €984.31 up €3.374 while the euro was unchanged at $1.2430. Ahead of New York’s opening gold was trading in London at $1,225.00 and in the euro at €982.79.

CURRENT PRICE OF SILVER $50: Based On The Historic Oil-Silver Ratio

December 11, 2014
By Chris Mullen, Chief Content Manager

The current price of silver should be $50 an ounce, based on the historic 1960’s oil-silver ratio. Unfortunately, this is not the case as the world has siphoned the majority of its wealth into the highly leveraged financial paper industry… one that has no future.

Silver Market Morning

December 11, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,227.40 down $2.20 before Asia took it down to $1,223. The euro recovered nearly a cent to $1.2460. In London’s the gold Fixing was set at $1,219.50 down $8.75 and in the euro, at €980.936 down €10.948 while the euro was half a cent stronger at $1.2432. Ahead of New York’s opening gold was trading in London at $1,221.00 and in the euro at €981.24.

Silver Market Morning

December 10, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,229.60 up $24.60 before Asia took it up to $1,236 then down to $1,231. The euro recovered half a cent at $1.2388. In London’s the gold Fixing was set at $1,228.25 up $21.75 and in the euro, at €991.884 up €16.134 while the euro was slightly stronger at $1.2383. Ahead of New York’s opening gold was trading in London at $1,228.00 and in the euro at €992.16.

NEW UPDATE: Silver Eagle Sales Surpass 2013 Record At Nearly 43 Million

December 09, 2014
By Chris Mullen, Chief Content Manager

After the U.S. Mint updated its bullion figures on Monday, 2014 Silver Eagle sales reached a new annual record surpassing last years total by nearly 200,000. Not only was 2014 a banner year for world’s most sought after official coin, the Silver-Gold Eagle ratio also hit a new record high.

Silver Market Morning

December 09, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,205.00 up $13.60 before Asia held it there. The euro recovered nearly a cent at $1.2336. In London’s the gold Fixing was set at $1,206.50 up $11.25 and in the euro, barely changed, at €975.75 up €0.275 while the euro was stronger at $1.2365 over 1 cent higher. Ahead of New York’s opening gold was trading in London at $1,205.90 and in the euro at €975.92.

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