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Silver Market Updates

Silver Market Morning

July 24, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,304.90 down $1.60 on Wednesday in New York. In Asia and early London, prices fell to $1,297. The gold price was Fixed at $1,300.00 down $7.50 and in the euro at €964.678 down €6.358, while the euro was slightly stronger at $1.3476. Ahead of New York’s opening, gold was trading at $1,299.50 and in the euro at €964.59.

Silver Market Morning

July 23, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,306.50 down $6.40 on Tuesday in New York. In Asia and early London, prices rose to $1,308. The gold price was Fixed at $1,307.50 up $0.50 and in the euro at €971.036 up €1.595, while the euro was slightly weaker at $1.3465. Ahead of New York’s opening, gold was trading at $1,308.40 and in the euro at €971.42.

Calling Rush Limbaugh

July 22, 2014
By Chris Mullen, Chief Content Manager

If we gold and silver “stackers” are correct, very bad times are ahead for the global economy, developments that will almost certainly negatively impact the standard of living of virtually all people who live on our planet.

Silver Market Morning

July 21, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,310.50 down $9.10 on Friday in New York. In Asia and early London, prices rose to $1,315. The gold price was Fixed at $1,312.75 up $2.50 and in the euro at €970.754 up €2.35, while the euro was slightly weaker at $1.3523. Ahead of New York’s opening, gold was trading at $1,315.10 and in the euro at €972.20.

Gold and Silver Disaggregated COT Report (DCOT) for July 18

July 19, 2014
By Chris Mullen, Chief Content Manager

HOUSTON – The Commodity Futures Trading Commission (CFTC) released data for the disaggregated commitments of traders (DCOT) and Legacy “COT” reports for the week ending July 18, 2014. Our recap of the net positioning for large reporting futures traders is below, compared to the prior week’s data.

Sharp consolidation

July 18, 2014
By Chris Mullen, Chief Content Manager

Before yesterday's (Thursday) rise in bullion prices, precious metals were in corrective mode this week after recent rises. There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45.

Silver Market Morning

July 18, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,319.60 up $21.10 on Thursday in New York. In Asia and early London, prices retreated to $1,312 ahead of London’s opening. The gold price was Fixed at $1,310.25 up $7.50 and in the euro at €968.404 up €5.757, while the euro was slightly weaker at $1.3530. Ahead of New York’s opening, gold was trading at $1,311.30 and in the euro at €969.46.

Silver Market Morning

July 17, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,298.50 up $4.40 on Wednesday in New York. In Asia and early London, prices recovered to over $1,305 ahead of London’s opening. The gold price was Fixed at $1,302.75 up $5.25 and in the euro at €962.647 up €4.517, while the euro was weaker at $1.3533. Ahead of New York’s opening, gold was trading at $1,304.10 and in the euro at €964.00.

Sean Rakhimov: Upward Trend a Silver Investor's Friend

July 16, 2014
By Chris Mullen, Chief Content Manager

An upward trend is afoot in the silver space, says Sean Rakhimov, editor of SilversStrategies.com. Rakhimov believes that at $26/ounce the reversal of the downward trend in silver will be confirmed and silver investors should set their sights on the next resistance level—$32/ounce. And if that threshold is breached, silver will test $50/ounce and more. In this interview with The Gold Report, Rakhimov talks about trends in the silver space and what makes silver special.

Silver Market Morning

July 16, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,294.10 down $12.60 on Tuesday in New York. In Asia and early London, prices again began to recover rising to $1,298 ahead of London’s opening. The gold price was Fixed at $1,297.50 down $14.50 and in the euro at €958.130 down €7.073, while the euro was weaker at $1.3542 and still falling. Ahead of New York’s opening, gold was trading at $1,298.20 and in the euro at €959.43.

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