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Silver Market Updates

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.

Silver Market Morning

The New York gold price closed at $1,355.40 down $10.80 on Tuesday in New York. Asia held it slightly below that level ahead of London’s opening. The gold price was Fixed in London at $1,346.00 down $16.50. In the euro, it Fixed at €967.162 down €12.208 as the dollar continued to weaken to $1.3917: €1. Ahead of the opening in New York gold stood at $1,347.25 and in the euro at €967.23.

Silver Market Morning

The New York gold price closed at $1,366.20 down $15.40 on Monday in New York. Asia took it down further to $1,360 ahead of London’s opening. The gold price was Fixed in London at $1,362.50 down $16.50. In the euro, it Fixed at €979.370 down €13.002 as the dollar continued to weaken to $1.3912: €1. Ahead of the opening in New York gold stood at $1,362.75 and in the euro at €980.40.

Silver Market Morning

The New York gold price closed at $1,381.60 up $9.40 on Friday in New York. Asia took it up to $1,384 ahead of London’s opening. The gold price was Fixed in London at $1,379.00 up $9.00. In the euro, it Fixed at €992.372 up €5.909 as the dollar continued to weaken to $1.3896: €1. Ahead of the opening in New York gold stood at $1,378.70 and in the euro at €992.83.

Monster Silver Rally Brewing

On silver’s 1-year chart we can see that a fine large Double Bottom is completing. We already had the breakout on good volume from the 2nd trough of this Double Bottom in the middle of February, and it was this event that has (rightly) caused traders to pile into silver, although the price hasn’t moved much – yet. The better silver stocks, on the other hand, are already on fire, because the “writing is on the wall”. Right now the price is consolidating following the breakout in a fine tight…

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