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Silver Market Updates

Silver Market Morning

February 07, 2014
By Chris Mullen, Chief Content Manager

The New York gold price was almost unchanged at $1,257.40 down 50 cents at the close on Thursday. Asia took it up to $1,261.35 ahead of London’s opening. London set the gold price at $1,260.00 up $1.50 up on Thursday. In the euro, it Fixed at €928.724 down nearly €2, while the dollar stood at $1.3567 slightly weaker. Ahead of the opening in New York gold stood at $1,260.15 and in the euro at €928.87.

Thinking Of Getting Some Silver? (And What To Do With It?)

February 06, 2014
By Chris Mullen, Chief Content Manager

Wallace, Idaho – A well-educated friend approached us the other day. A friend of his had decided to give up cigarettes and put the $250 a month he was saving in to silver, but hadn't a clue how to do it? At first blush such a question uttered here in North America's greatest silver-mining district might be as silly as someone from Detroit asking what a car is. But perhaps not. Silver-mining isn't taught in our local schools anymore, and probably not a single schoolteacher within 600 miles who…

Silver Market Morning

February 06, 2014
By Chris Mullen, Chief Content Manager

The New York gold price was slightly lower at $1,257.90 up $3.20 at the close on Wednesday. Asia held it there ahead of London’s opening. London set the gold price at $1,258.50, $1.50 up on Wednesday. In the euro, it Fixed at €930.637 up €0.284, while the dollar stood at $1.3523 barely changed. Ahead of the opening in New York gold stood at $1,261.30 and in the euro at €932.50.

7 Reasons Why India Imports A Lot Of Silver

February 05, 2014
By Chris Mullen, Chief Content Manager

India is the world's largest market for silver, and it doubled the amount of silver it imported last year. Why? That's a complicated question, but here are seven factors that affect Indian demand for silver.

Taking Stock Of Silver Stocks – SLW, PAAS, CDE, AG, SSRI, HL

February 05, 2014
By Chris Mullen, Chief Content Manager

We are of the simple opinion that any substitute for the real thing is never as good a choice as the original, even when it comes to Precious Metals. There are so many other considerations that enter the picture when regarding mining stocks. One of the primary ones is management, what it can do to a stock’s performance separate and apart from its underlying purpose, silver production. There can be poor management, mismanagement, decision-making related to stock performance instead of getting…

Silver Market Morning

February 05, 2014
By Chris Mullen, Chief Content Manager

The New York gold price was slightly lower at $1,254.70 down $3.10 at the close on Tuesday. Asia held it there ahead of London’s opening. London set the gold price at $1,257.00, $4.00 up on Tuesday. In the euro, it Fixed at €930.353 up €3.166 while the dollar stood at $1.3511 barely changed. Ahead of the opening in New York gold stood at $1,257.35 and in the euro at €930.54.

Silver Market Morning

February 04, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed higher at $1,257.80 up $12.90 at the close on Monday. Asia lifted it to $1,259.40 ahead of London’s opening. London had a quick Fix, setting the gold price at $1,253.00, $6.50 up on Monday. In the euro, it Fixed at €927.187 up €4.605 while the dollar stood at $1.3514. Ahead of the opening in New York gold stood at $1,254.00 and in the euro at €927.69.

Silver Market Morning

February 03, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed almost unchanged at $1,244.90 at the close on Friday. Asia lifted it through to $1,247 before London fixed it at $1,246.50 the same as Friday. In the euro, it Fixed at €922.582 up €2.044 reflecting a slightly stronger dollar which stood at $1.3504 up 0.29 cents. Ahead of the opening in New York gold stood at $1,246.15 and in the euro at €922.80.

Silver Market Morning

January 31, 2014
By Chris Mullen, Chief Content Manager

The New York gold price fell back to $1,243.00 from $1,269.80 at the close on Thursday. Asia held it around there before London fixed it at took it down to $1,258.20 ahead of the Fix. It Fixed at $1,246.50 down $7.50 on Thursday. In the euro, it Fixed at €920.538 down €1.656 reflecting a stronger dollar which stood at $1.3533 up 0.65 cents. Ahead of the opening in New York gold stood at $1,245.65 and in the euro at €920.73.

Another Spectator Sport (besides football)

January 30, 2014
By Chris Mullen, Chief Content Manager

Wallace, Idaho – January brought mixed news to our beleaguered mining camp here in the (finally) snowy Coeur d'Alenes. The party ended for United Silver Corp., 80 percent owner of the Crescent silver mine located between the Sunshine and Bunker Hill, on the 9th of this month, when USC announced the appointment of an Ontario court-ordered receiver for the Vancouver-based company and resignations of the then-current board of directors.

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