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Silver Market Updates

Silver Market Morning

June 16, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,276.90 on Friday up $3.10 in New York. In Asia and London the price rose another $5 ahead of the Fix, where it was set at $1,281 .75 up $8.75 and in the euro at €947.339 up €9.171, while the euro stood weaker at $1.3529. Ahead of the opening in New York the gold price was trading at $1,280.30 and in the euro at €946.28.

Silver is 7 for 7. Are We Seeing #8?

June 15, 2014
By Chris Mullen, Chief Content Manager

Since 2008 the RSI of the ratio has made 7 important lows below 30 that were also matched with a decent bottom in the silver price.There was also a quickly reversed bottom in the RSI in May of 2013 but silver prices were still falling and showed no sign of a bottom until early July.

Bottoming out?

June 13, 2014
By Chris Mullen, Chief Content Manager

Where this leaves precious metals is yet to be seen, but it is worth bearing in mind that hedge and other funds exposed to losses in bonds and equities will likely reduce their short positions in gold and silver. And if the current weakness in bonds and equities persists, it should be positive for precious metal prices as the bears run for cover.

Silver Market Morning

June 13, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,273.80 up $12.80 on Thursday in New York. In Asia and London the price held at that level until the Fix, where it was set at $1,273.00 up $11.25 and in the euro at €938.168 up €5.266, while the euro stood stronger at $1.3569. Ahead of the opening in New York the gold price was trading at $1,273.40 and in the euro at €938.51.

Like in “Lost” manipulators keep pushing the button

June 12, 2014
By Chris Mullen, Chief Content Manager

In the classic TV drama “Lost,” certain occupants of the mysterious island were tasked with the job of punching a sequence of numbers into a computer every 108 minutes to avert an unknown catastrophe.

Silver: The Undercover Super Metal

June 12, 2014
By Chris Mullen, Chief Content Manager

Silver has a reputation for being gold’s less desirable sister, but make no mistake, silver may still be a golden opportunity to invest in. You might be surprised to know that silver plays a part in many everyday things you use, especially electronics. Silver has the highest electrical and thermal conductivity of all metals. The use of silver is very prevalent in the photography, consumer electronics, medical, and high tech industries.

Silver Technical Update

June 12, 2014
By Chris Mullen, Chief Content Manager

There is a clash between long term support and short term bearish divergence in gold. The key long term support is at $1773 while short term resistance is at $1994. Silver needs to trade over $1773 for the rest of the year to be in bullish zone. Silver will attract huge investment demand only if it trades over $2500 for a week. Till then traders as well as investors will use every rise of exit their silver investments.

Silver Market Morning

June 12, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,261.00 up $0.20 on Wednesday in New York. In Asia and London the price held at that level until the Fix, where it was set at $1,261.75 down $0.75 and in the euro at €932.902 up €0.273, while the euro stood weaker at $1.3525. Ahead of the opening in New York the gold price was trading at $1,264.20 and in the euro at €934.92.

Silver Market Morning

June 11, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,260.80 up $7.80 on Tuesday in New York. In Asia and London the price held just above that level until the Fix, where it was set at $1,262.50 up $9.00 and in the euro at €932.629 up €8.014, while the euro stood weaker at $1.3537. Ahead of the opening in New York the gold price was trading at $1,263.10 and in the euro at €933.28.

Silver Market Morning

June 10, 2014
By Chris Mullen, Chief Content Manager

The gold price closed unchanged at $1,253 on Monday in New York. In Asia and London the price held that level until the Fix, where it was set at $1,253.50 down $1.50 and in the euro at €924.615 up €3.92, while the euro stood weaker at $1.3557. Ahead of the opening in New York the gold price was trading at $1,253.10 and in the euro at €925.41.

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