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Silver Market Updates

Something’s afoot in Gold and Silver…

January 17, 2014
By SilverSeek

Furthermore the bullion banks in silver appear to be getting nervous. On a number of recent occasions in quiet trade silver has been marked down with little or no corresponding move in gold, only to fully recover in the absence of selling. This pattern is consistent with market-makers (a.k.a. the bullion banks) trying to close their shorts, but there is not the liquidity for them to do so. The next chart, of the four largest traders’ net position says it all.

Interview with Eric Sprott

January 17, 2014
By SilverSeek

Last question is without having a crystal ball scenario going on here, what is your pick for the December 31, 2014 closing price of gold? Eric Sprott: Over $2,000 per oz. What about silver? Eric Sprott: Over $50 per oz.

Silver Market Morning: January 17, 2014

January 17, 2014
By SilverSeek

Silver Today –The silver price copied gold’s performance with almost no movement at all in New York yesterday with Asia holding it there before London’s opening. Ahead of New York’s opening, it was trading at $20.06.

Silver Market Morning

January 15, 2014
By Chris Mullen, Chief Content Manager

On Tuesday the gold price in New York fell to close at $1,243.40 with Asia taking it $3 lower. The dollar is slightly stronger at $1.3639: €1 ahead of London’s opening. In London the gold price was Fixed at $1,238.00 down $10.75 on yesterday. In the euro it, Fixed at €908.557 down €4.54. Ahead of the opening in New York gold stood at $1,238.15 and in the euro at €909.07. The dollar stood at $1.3622: €1

The Curious Widening of the Bid-Ask Spread in Silver

January 14, 2014
By Chris Mullen, Chief Content Manager

I received a lot of email in response to this. Everyone wanted to know what I meant, and if this predicts a rising or a falling silver price. I think the price is likely to fall, though that prediction is not based on the widening spread. It’s based on my supply and demand analysis. My standard caveat is: never naked short a monetary metal.

Am I the only person who thinks inflation is here right now?

January 14, 2014
By Chris Mullen, Chief Content Manager

Well, I’m perplexed and befuddled. For a couple years now I’ve been reading economic news stories like the above where it is seemingly “accepted” by the mainstream media that the rate of inflation is “low” and contained, and, as this blurb indicates, even alarmingly so. But I don’t get it. Inflation, to me, is high and going even higher. I base this opinion on the prices of things (goods and services) that I actually buy.

Silver Market Morning

January 14, 2014
By Chris Mullen, Chief Content Manager

On Friday the gold price in New York rose to close at $1,254.80 with Asia holding it around that level. The dollar is almost unchanged at $1.3664: €1 ahead of London’s opening. In London the gold price was Fixed at $1,248.75 up $2.75 on yesterday. In the euro it, Fixed at €913.0961.885 up €1.211. Ahead of the opening in New York gold stood at $1,248.30 and in the euro at €912.43. The dollar stood at $1.3683: €1

Silver: A Great Buy Opportunity! Up-date N° 27

January 13, 2014
By Chris Mullen, Chief Content Manager

The bull market of the silver price started towards the end of 2001. On the way from $ 4.02 to the recent intraday all-time high of $ 48.42 (an increase of 1,104%), several significant corrections took place, the most severe one in 2008 when the silver price sank by 57% only to jump 441% to a new all-time high.

The Chartology of Silver (Both Sides of the Coin)

January 13, 2014
By Chris Mullen, Chief Content Manager

In this Weekend Report I would like to show you some charts for silver which shows a bullish and bearish scenario. As we are at an inflection point we need to monitor both sides of the precious metals complex for clues that may give us the next important direction this group, as a whole, may move. To pick an absolute bottom is next to impossible to do but one can get very close sometimes if a clear and open mind is present.

Silver Market Morning

January 13, 2014
By Chris Mullen, Chief Content Manager

On Friday the gold price in New York rose to close at $1,247.10 with Asia lifting it to $1,251.55. The dollar weaker at $1.3673: €1 ahead of London’s opening. In London the gold price was Fixed at $1,246.00 up $13.75 on Friday. In the euro it, Fixed at €911.885 up nearly €5.30. Ahead of the opening in New York gold stood at $1,246.45 and in the euro at €912.08. The dollar stood at $1.3666: €1

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