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Silver Market Updates

Sprott Money Ask The Expert – Hugo Salinas Price

In this exclusive interview, Hugo Salinas Price share his views on precious metals, provides some historical background on gold and silver money, the manipulation of the precious metals markets, the inevitable collapse of the fiat money, and more…

Silver Market Morning

New York closed at $1,201.00 down $7.40. London Fixed the gold price at $1,193.50 down $10.00 and in the euro, at €1,055.168 down €6.213, while the euro was weaker at $1.1311. Ahead of New York’s opening, gold was trading in London at $1,193.30 and in the euro at €1,055.22.

Market Report: Mid-week sell-off

In last Friday's Market Update I commented that it is easy for bullion banks with deep pockets to move markets and change sentiment.

Silver Market Morning

New York closed at $1,207.4 down$1.10. London Fixed the gold price at $1,203.50 down $3.00 and in the euro, at €1,061.381 up €2.025, while the euro was half a cent weaker at $1.1339. Ahead of New York’s opening, gold was trading in London at $1,204.40 and in the euro at €1,063.49.

Silver Market Morning

New York closed at $1,211.20 up $2.70. In Asia the gold price was lifted to $1,215.60. London Fixed the gold price at $1,217.75 up $11.25 and in the euro, at €1,068.295 up €8.939, while the euro was almost unchanged at $1.1399. Ahead of New York’s opening gold was trading in London at $1,217.4 and in the euro at €1,068.18.

Silver Market Morning

New York closed at $1,208.50 down $14.00. In Asia the gold price was lifted to $1,210.45. London Fixed the gold price at $1,206.50 down $15.25 and in the euro, at €1,059.356 down €13.201, while the euro was almost unchanged at $1.1389. Ahead of New York’s opening gold was trading in London at $1,206.10 and in the euro at €1,059.56.

Silver Market Morning

New York closed at $1,222.50 down $6.00. In Asia the gold price was lifted to $1,224.00. London Fixed the gold price at $1,221.75 down $11.75 and in the euro, at €1,072.557 down €8.56, while the euro was slightly weaker at $1.1391. Ahead of New York’s opening gold was trading in London at $1,220.10 and in the euro at €1,068.06.

Silver and Gold: Why Now?

My very simple perspective is this: In round numbers the US government debt increased by about $1,000,000,000,000 ($1 Trillion) in the single year between October 1, 2013 and October 1, 2014. Government revenue plus borrowed money were spent on the military, social security, Medicare and so much more. But that money is gone and producing NO future revenue, unlike debt that purchases a business which generates income to service the debt.

Silver Market Morning

New York closed at $1,228.50 up $6.50. In Asia the gold price was lifted to $1,237.00. London took it down slightly after which it was Fixed at $1,233.50 up $7.75 and in the euro, at €1,081.117 up €8.016, while the euro was slightly weaker at $1.1409. Ahead of New York’s opening gold was trading in London at $1,234.10 and in the euro at €1,080.65.

Market Report: Strong US dollar sets market tone

This week the US dollar moved strongly upwards against the other major currencies, at the same time weakening gold and silver along with most industrial commodities, before some profit-taking set in yesterday.

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