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Silver Market Updates

Silver Market Morning

The New York gold price closed at $1,292.50 down $8.50 on Thursday in New York. All the falls in the last week have happened in New York, but on thin trade. Asia lifted it to $1,296. London then held it at $1,295 at the opening. The gold price was Fixed in London at $1,295.75 up $0.75. In the euro, it Fixed at €944.149 up €2.057 as the dollar stood at $1.3724 up from $1.3846: €1. Ahead of the opening in New York gold stood at $1,295.40 and in the euro at €943.07.

March 27: Gold Slips But Miners Gain

Gold fell $10.29 to $1289.32 at about 3PM EST before it rallied back higher in the last hour of trade, but it still ended with a loss of 0.65%. Silver slipped to as low as $19.609, in London, but it then chopped back higher in New York and ended unchanged on the day.

May Silver Has Slipped Off Another Ledge

Sellers did some damage to the hourly chart yesterday, opening a path to the 19.075 downside target shown, or perhaps to 18.930 if any lower. There will be a last-ditch opportunity for this vehicle to turn higher from 19.875, the Hidden Pivot target of a lesser pattern. Please be aware, however, that a rally first to its midpoint sibling, 19.875, can be shorted cautiously. For information about Rick’s proprietary trading system and the upcoming Hidden Pivot/Camouflage Webinar in April, along…

Should I bet the house on silver?

A life event recently tested how strong my convictions are on the question of where silver and gold prices are headed in the next 12 or so months. What happened is I received notice from a tenant of mine informing me he is not renewing his lease when it expires at the end of May.

Silver Market Morning

The New York gold price closed at $1,311.80 up $2.30 on Tuesday in New York. Asia and London lifted it again to $1,315. The gold price was Fixed in London at $1,314.50 down $0.25. In the euro, it Fixed at €952.743 up €0.922 as the dollar stood at $1.3800 up from $1.3813: €1. Ahead of the opening in New York gold stood at $1,315.20 and in the euro at €953.18.

Silver Market Morning

The New York gold price closed at $1,309.50 down $23.40 on Monday in New York. Asia and London lifted it to $1,315. The gold price was Fixed in London at $1,314.75 down $7.75. In the euro, it Fixed at €951.821 down €8.516 as the dollar stood at $1.3813 down from $1.3766: €1. Ahead of the opening in New York gold stood at $1,316.00 and in the euro at €952.69.

Silver Market Morning

The New York gold price closed at $1,332.90 up $5.90 on Friday in New York. Asia and London took it down to $1,324. The gold price was Fixed in London at $1,322.00 down $16.50. In the euro, it Fixed at €960.337 down €9.872 as the dollar stood at $1.3766 from $1.3760: €1. Ahead of the opening in New York gold stood at $1,323.10 and in the euro at €960.96.

Market Report: Gold’s wall of worry

This week gold fell from a high of $1390, achieved late on Sunday night European time, to a low of $1322 last night before rallying $15 on London's opening this morning. To put this fall in context, the gold price had increased by over $200 since 31st December, so the correction this week was about one third of the rise, normal in that context. The action was in gold rather than silver, whose trading volumes were subdued in comparison, and their relative performance in the year to date is shown…

Silver Market Morning

The New York gold price closed at $1,327.00 down $2.30 on Thursday in New York. Asia and London lifted it back to $1,338. The gold price was Fixed in London at $1,338.50 up $11.50. In the euro, it Fixed at €970.209 up €7.568 as the dollar weakened slightly to $1.3796 from $1.3760: €1. Ahead of the opening in New York gold stood at $1,340.55 and in the euro at €971.84.

Silver Market Morning

The New York gold price closed at $1,329.30 down $26.10 on Wednesday in New York. Asia lifted it above $1,332 ahead of London’s opening. The gold price was Fixed in London at $1,327.00 down $19.00. In the euro, it Fixed at €962.641 down €4.521 as the dollar strengthened to $1.3760 from $1.3917: €1. Ahead of the opening in New York gold stood at $1,326.35 and in the euro at €963.917.

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