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Silver Market Updates

2014 WORLD SILVER MINE SUPPLY: May Come In Less Than Official Estimates

December 19, 2014
By Chris Mullen, Chief Content Manager

Global silver mine supply this year may turn out to be less than the official estimates. GFMS released their 2014 Interim Report stating world silver mine supply is forecasted to increased 3.5% to 868 million oz (Moz) in 2014. They included a world map in their report showing the net change in production from various countries.

Market Report: Relative calm for PMs in wild markets

December 19, 2014
By Chris Mullen, Chief Content Manager

This week has been extremely volatile for oil, currencies and stock markets. Against this background gold and silver have drifted sideways to slightly lower, which given the dollar's strong performance is almost a positive result.

Silver Market Morning

December 19, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,198.10 up $9.20 where Asia and London held it up to the Fix. The euro was 10 points weaker at $1.2286. In London gold rose strongly and the gold Fixing was set at $1,197.50 down $13.75 and in the euro, at €975.79 down €6.244 while the euro was 0.5 cents weaker at $1.2272. Ahead of New York’s opening gold was trading in London at $1,96.72 and in the euro at €975.14.

Silver Market Morning

December 18, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,188.90 down $7.40 before Asia took it up to $1,199 again. The euro rose slightly to $1.2296 down almost 2 cents. In London gold rose strongly and the gold Fixing was set at $1,210.75 up $11.75 and in the euro, at €982.034 up €19.677 while the euro was 1.3 cents weaker at $1.2329. Ahead of New York’s opening gold was trading in London at $1,209.60 and in the euro at €980.86.

Silver Prices to Outperform Gold in 2015

December 17, 2014
By Chris Mullen, Chief Content Manager

I know it’s a bold prediction: silver prices are going to surprise investors and provide them with better returns than gold bullion. I say this because both the fundamental and the technical pictures for silver continue to improve.

Silver Market Morning

December 17, 2014
By Chris Mullen, Chief Content Manager

New York closed at $1,196.30 up $4.60 before Asia took it up to $1,199. The euro rose slightly to $1.2490 with a wide spread. In London gold rose and the gold Fixing was set at $1,199.00 down $0.25 and in the euro, at €962.357 up €2.112 while the euro was half a cent weaker at $1.2459. Ahead of New York’s opening gold was trading in London at $1,198.10 and in the euro at €962.18.

Silver Series Part 1: The Many Phases of Silver

December 16, 2014
By Chris Mullen, Chief Content Manager

Silver Series Part 1: The Many Phases of Silver

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.

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