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Silver Market Updates

Silver mining company says it's helpless against market manipulation

December 03, 2013
By Chris Mullen, Chief Content Manager

A GATA supporter wrote the other day to the investor relations officer of a silver mining company in which he is invested to complain about the company's seeming indifference to the manipulation of the monetary metals markets. He soon received this reply...

BREAKING: Canadian Maple Leaf Sales Q1-Q3 Already Surpass 2012 Total

December 03, 2013
By Chris Mullen, Chief Content Manager

As the Fed and Central Banks continue to pump huge amounts of liquidity into the market, investors have been buying record amounts of Canadian Silver Maples. Demand for the Canadian Gold & Silver Maples hit a record in 2011, but then declined in 2012 as investors started to believe that the monetary authorities had the financial system back under control -- an illusion that will cost them dearly in the future.

Silver Market Morning

December 03, 2013
By Chris Mullen, Chief Content Manager

The gold price in New York fell $32.20 to $1,219.00 on Monday. Asia tried to lift it to $1,222 but it slipped back in London to Fix at $1,219 down $18.50. In the euro it Fixed at €898.504. Ahead of New York’s opening the euro stood at $1.3570: €1 with gold at $1,222.40 and in the euro at €900.81.

Silver Market Morning

December 02, 2013
By Chris Mullen, Chief Content Manager

The gold price in New York rose $13.70 to $1,251.20 on Friday but slipped back below $1,240 ahead of London’s opening and held around $1,238 in London ahead of the Fix where it was set at $1,237.50 down 45.25 up $7.75. In the euro it Fixed at €913.082 down €2.146. Ahead of New York’s opening the euro stood at $1.3527: €1 with gold at $1,238.40 and in the euro at €915.50.

Silver Market Morning

November 29, 2013
By Chris Mullen, Chief Content Manager

The gold price in New York dropped to $1,237.50 but was lifted to $1,242 in Asia. London did the same right up to the Fix where it was set at $1,245.25 up $3.50. In the euro it Fixed at €915.228 up €1.11. Ahead of New York’s opening the euro stood at $1.3610: €1 with gold at $1,247.40 and in the euro at €916.53.

Silver Market Morning

November 28, 2013
By Chris Mullen, Chief Content Manager

The gold price in New York fell to the $1,240 level with Asia holding it there overnight. London did the same right up to the Fix where it was set at $1,241.75 down $9. In the euro it Fixed at €913.119 down €6.685. Ahead of New York’s opening the euro stood at $1.3596: €1 with gold at $1,241.40 and in the euro at €913.14.

Silver’s Long-Term Support Line Has Been Reached. What’s Next?

November 27, 2013
By Chris Mullen, Chief Content Manager

Summing up, the outlook for silver remains bearish. However, taking into account the facts that spot silver reached the support line based on the 2008 and 2013 lows and the SLV ETF just declined on significant volume, we might see a corrective move up in the short term. Additionally, Monday’s reversal makes the upward correction even more likely to be seen in the coming days.

Silver Market Morning

November 27, 2013
By Chris Mullen, Chief Content Manager

The gold price in Asia held at the $1,245 level overnight but began to rise [to $1,248] ahead of the Fix where it was set at $1,250.75 exactly the same as yesterday. In the euro it Fixed at €919.804 down €4.077 as the dollar weakened. Ahead of New York’s opening the euro stood at $1.3601: €1 with gold at $1,253.00 and in the euro at €921.26.

Silver Market Morning

November 26, 2013
By Chris Mullen, Chief Content Manager

Last night and in Asia, the gold price rose, despite its pointing down on the charts. It was at $1,253 in Asia ahead of London’s opening ahead of the Fix where it was set at $1,250.75 up $19. In the euro it Fixed at €923.881 up 11.924 reversing yesterday’s fall. Ahead of New York’s opening the euro stood at $1.3512: €1 with gold at $1,252.55 and in the euro at €924.35.

Silver Market Morning

November 25, 2013
By Chris Mullen, Chief Content Manager

This issue is the first since 15th and so is a weekly report. On Friday gold closed weaker at $1,243.20 down $44.50 on the previous Friday in New York. Asia let it slide another $12.10 cents before London held it there ahead of the Fix where it was set at $1,231.75 down $50 on a week ago in London. In the euro it Fixed at €911.957 down €41.442 on a week ago. Ahead of New York’s opening the euro stood at $1.3512: €1 with gold at $1,231.40 and in the euro at €911.34.

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