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Silver Market Updates

Little-Known Facts About The Importance of Silver in Technology

Learn the important role this super precious metal plays in technology, health care and medicine. Read how our lives are better today, and will continue to be, because of the precious metal silver.

SilverSeek LIVE! David Morgan (Silver Investor) & Scott Drever (SilverCrest Mines) -- Wed. Nov, 20th @ 2PM EST

November 18, 2013

SilverSeek.com will be hosting a special 60-minute live online event with David Morgan, of the “The Morgan Report” newsletter and Scott Drever, CEO & Chairman SilverCrest Mines (OTCQX: SVLC | TSX-V: SVL), this coming Wednesday, November 20th starting at 2pm Eastern / 11 am PST. SilverSeek.com readers will be able to attend this free online presentation + Q&A with SilverSek.com contributing author, David Morgan and the CEO of SilverCrest Mines, Scott Drever.

SILVER BEARS: You Have Been Warned

What does a 1978 movie about "Silver Bears" have to do with the silver market today? A great deal as you will find out. Nothing today is as it seems anymore. The present financial and economic system is so weak, it only survives by the wholesale packaging of lies.

Silver Market Morning

Gold closed slightly weaker at $1,287.70 up $18.80 in New York on Thursday. Asia held it there this morning but London took it down nearly $5 ahead of the Fix where it was set at $1,281.75 down $1.50 in London, on Tuesday’s Fixing. In the euro it Fixed at €953.399 down €1.8 on Tuesday’s Fixing. Ahead of New York’s opening the euro stood at $1.3448: €1 with gold at $1,282.65 and in the euro at €953.78.

Silver Market Facts

The silver market is tiny. About 700 million oz. of silver are mined each year worldwide. About 200 million oz. recycled. About 100 million oz. from "other" sources, like governments. That's the supply side. At $20/oz., this is a $20 billion annual market.

Silver Market Morning

Gold closed slightly weaker at $1,268.90 down $9.60 in New York on Tuesday. But in Asia on Thursday gold was lifted $13 before London took it down $3 ahead of the Fix where it was set at $1,383.25 up $2.25 in London, on Tuesday’s Fixing. In the euro it Fixed at €955.226 down €1.6 on Tuesday’s Fixing. Ahead of New York’s opening the euro strengthened to $1.3435: €1 with gold at $1,284.40 and in the euro at €956.08.

The Silver Market in 2013

Yesterday Thomson Reuters GFMS released their latest report on the silver market. We take a look at it and assess what it means for the silver price. There are several factors, some positive and others negative, that will affect the price of silver going forward. First up, let’s have the not-so-good news facing the silver price.

Silver Market Morning

Gold closed slightly weaker at $1,283.50 down $3.90 in New York on Monday. Asia let it slip, as did London, down to $1,378 ahead of the Fix where it was set at $1,381.00 in London, down $2.74 on Monday’s Fixing. In the euro it Fixed at €956.898 down €0.8 on Monday’s Fixing. Ahead of New York’s opening the euro strengthened to $1.3398: €1 with gold at $1,281.30 and in the euro at €956.37.

Silver Market Morning

Gold closed slightly weaker at $1,287.40 down $29.80 in New York on Friday. Asia let it slip $2 then London came in and took it to $1,282 ahead of the Fix where it was set at $1,383.74 in London, down $25.26 on Friday’s Fixing. In the euro it Fixed at €957.808 down €17.0 on Friday’s Fixing. Ahead of New York’s opening the euro strengthened to $1.3398: €1 with gold at $1,286.40 and in the euro at €960.14.

Silver – A Technical Perspective

All people in the futures markets are there to make money, [hedgers excepted], or they would not subject themselves so unnecessarily to the risks. Even buyers of the physical, Stackers, want to get as low a price as they can. More people are fundamentally inclined than are technically driven. As a consequence, they like to read articles that provide a degree of psychological comfort in support of their own view of the market.

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