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Silver Market Updates

Silver Market Morning

March 07, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,350.30 up$12.90 on Thursday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,348.25 up $14.75. In the euro, it Fixed at €971.222 down €0.717, barely changed again, as the dollar stood at $1.3887 over 1% weaker. Ahead of the opening in New York gold stood at $1,348.40 and in the euro at €970.91.

Silver Market Morning

March 05, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,335.10 down $16.30 on Tuesday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,333.50 down $6.00. In the euro, it Fixed at €971.939 down €1.96, barely changed, as the dollar stood at $1.3720, slightly stronger. Ahead of the opening in New York gold stood at $1,333.75 and in the euro at €972.22.

Silver Market Morning

March 04, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,351.40 up $26.80 on Monday in New York. Then, the Ukraine story was seen in context and gold retreated from the Ukrainian premium to $1,337 ahead of the opening in London. The gold price was Fixed in London at $1,339.5 down $4.75. In the euro, it Fixed at €973.899 down €1.68, barely changed, as the dollar stood at $1.3754, slightly stronger. Ahead of the opening in New York gold stood at $1,337.00 and in the euro at €971.34.

Silver Will Be The King Precious Metal Performer

March 03, 2014
By Chris Mullen, Chief Content Manager

While gold is the king monetary metal, silver will turn out to be the king precious metal performer. Currently, gold is stealing the show as the East (China) continues to consume more than total world gold production.

Silver Market Morning

March 03, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,324.60 down nearly $6 on Friday in New York. Then, the Ukraine story turned global and gold jumped to $1.347.20 in Asia. London held it there ahead of the Fix. The gold price was Fixed in London at $1,344.25, up $16.50. In the euro, it Fixed higher at €975.579 up €13.929, while the dollar stood at $1.3779. Ahead of the opening in New York gold stood at $1,344.35 and in the euro at €975.90. Please note it has not moved in the euro since Thursday last!

Market Report: Profit taking after eight consecutive weeks of rising prices

February 28, 2014
By Chris Mullen, Chief Content Manager

The rise in the gold price ran into profit-taking on Wednesday. Having risen $160 to $1345 some short-term profit taking is only to be expected, and silver followed suit.

Silver Market Morning

February 28, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,330.50 down $0.50 on Thursday in New York. Asia took it slightly lower to $1,327 and London held it there ahead of the Fix. London Fixed gold at $1,327.75 down $3.20. In the euro, it Fixed lower at €961.650 down €13.15, while the dollar stood at $1.3807 down over 1%. Ahead of the opening in New York gold stood at $1,330.75 and in the euro at €964.07.

Silver Analog

February 27, 2014
By Chris Mullen, Chief Content Manager

This week two investment firms came out expressing their disbelief that silver has any more upside, so investors may start getting nervous and begin asking the same question. Back on Feb 11, 2014 I wrote an article titled “Coffee to Outperform Precious Metals” and within the article I stated that Coffee looked to reach $1.75 per pound – today it reached $1.78. I had recommended buying the Coffee ETF – JO @ 23.28 and selling it at 32.99 for a 47% profit in 21 days. What I did not mention in that…

Silver Market Morning

February 27, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,329.00 down $11.60 on Wednesday in New York. Asia took it slightly lower to $1,325 but London started to lift it back up ahead of the Fix. London Fixed gold at $1,331 down $9.00. In the euro, it Fixed slightly lower at €974.806 down €0.50, while the dollar stood at $1.3654, 0.8 of a cent stronger. Ahead of the opening in New York gold stood at $1,332.85 and in the euro at €976.13.

Eric Sprott: We’re Looking For Ways To Survive "[The] Counterfeiting Of Money”

February 26, 2014
By Chris Mullen, Chief Content Manager

During a time of rebounding precious metals and mining equity prices, Eric Sprott, Chief Executive Officer and Senior Portfolio Manager of Sprott Asset Management, was kind enough to share a few comments. According to Eric, we’ve reached an inflection point in the precious metals, where he believes a prudent speculator may find great opportunity. Here are his full interview comments with Sprott Global Resource Investment Ltd.’s Tekoa Da Silva.

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