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Silver Market Updates

Silver Market Morning

November 08, 2013
By Chris Mullen, Chief Content Manager

Gold closed slightly weaker at $1,317.20 up $6.40 in New York on Wednesday. On Thursday it closed at $1,306.70 Asia lifted it $2, then London came in and took it higher. At the Fix it was set at $1,309.00 in London, down $8 over Wednesday’s Fixing. In the euro it Fixed at €975.119 up €0.307 over Wednesday’s Fixing. Ahead of New York’s opening the euro strengthened to $1.3419: €1 with gold at $1,309.50 and in the euro at €975.86.

Silver Market Morning

November 06, 2013
By Chris Mullen, Chief Content Manager

Gold closed slightly weaker at $1,310.80 down $0.60 in New York on Monday. Asia lifted it $3 before London took it higher ahead of the Fix to $1,318.65 after which it Fixed at $1,317.00 in London, up $2.75 over Tuesday’s Fixing. In the euro it Fixed at €975.050 up €3.7 over Tuesday’s Fixing. Ahead of New York’s opening the dollar weakened to $1.35.23: €1 with gold at $1,321.00 and in the euro at €976.82.

Silver Market Morning

November 05, 2013
By Chris Mullen, Chief Content Manager

Gold closed slightly weaker at $1,314.20 down $0.60 in New York on Monday. Asia held it a dollar lower before London took it lower to Fix at $1,311.25, as did London. Gold is still in consolidation mode. It Fixed at $1,314.25 down $0.50 over Friday’s Fix. In the euro it Fixed at €971.296 down €1.64 over Monday’s Fixing. Ahead of New York’s opening the dollar weakened to $1.3494: €1 with gold at $1,313.10 and in the euro at €973.10.

Silver Market Morning

November 04, 2013
By Chris Mullen, Chief Content Manager

Gold closed slightly weaker at $1,314.80 down $8.70 in New York on Friday. Asia held it at that level as did London as the euro weakened further and the dollar rose. But now gold is holding steady in the dollar. It Fixed at $1,314.25 down $0.50 over Friday’s Fix. In the euro it Fixed at €972.942 up €1.20 over Friday’s Fixing. Ahead of New York’s opening the dollar weakened to $1.3508: €1 with gold at $1,317.75 and in the euro at €975.53.

Silver Market Morning

November 01, 2013
By Chris Mullen, Chief Content Manager

Gold closed slightly weaker at $1,323.50 down $19.30 in New York on Thursday. Asia held it at that level before London took it down to as the euro weakened further and the dollar rose with dealers following these in thin trade. It Fixed at $1,314.75 down another $19.00 over yesterday’s Fix. In the euro it Fixed at €971.729 down only €4.0 over yesterday’s Fixing. Ahead of New York’s opening gold stood at $1,323.30 and in the euro at €974.34, while the dollar stood at $1.3581: €1.

Important Charts on Gold & Silver Eagle Sales

October 31, 2013
By Chris Mullen, Chief Content Manager

After record buying of Gold Eagles during the precious metal smack-down earlier this year, sales of the official coins declined significantly in August & September. However, sales have seen a substantial turn around this past month. Sales of the Gold Eagles were only 11,500 oz in August and 13,000 oz in September. The total of these two months were only half of the total amount shown in July, which recorded 50,500 oz of Gold Eagle sales.

Silver Market Morning

October 31, 2013
By Chris Mullen, Chief Content Manager

Gold closed slightly weaker at $1,342.80 down $1.80 in New York on Wednesday. Asia initially let it slip slightly with dealers following the euro against the dollar in thin trade, but before London opened Asia let it slide to $1,334. London held it around there until the Fix, where it was set at $1,333.75 down $15.75 over yesterday’s Fix. In the euro it Fixed at €975.819 down only €5.0 over yesterday’s Fixing as the dollar strengthened. Ahead of New York’s opening gold stood at $1,332.60 and in…

Silver Market Morning

October 30, 2013
By Chris Mullen, Chief Content Manager

Gold closed stronger at $1,344.60 down $8.40 in New York on Tuesday. Asia lifted it $2 and London lifted close to $1,350 ahead of the Fix, where it was set at $1,349.50 up $2.50 over yesterday’s Fix. In the euro it Fixed at €980.813 up €2.0 over yesterday’s Fixing as the dollar vacillated. Ahead of New York’s opening gold stood at $1,350.20 and in the euro at €981.11, while the dollar stood at $1.3762: €1.

Silver and Mining Stocks – Resistance Has Been Reached

October 29, 2013
By Chris Mullen, Chief Content Manager

Summing up, although we‘ve seen an upward move in silver in recent days, it hasn’t changed much from the medium-term perspective. When we factor in the impact of the USD Index and general stock market that we discussed in the previous essay, silver‘s cyclical turning point, which is just around the corner, and the fact that the short-term resistance lines have already been reached in case of the GDX ETF, we can presume that the top of the recent upward move in the precious metals may be already…

Silver Market Morning

October 29, 2013
By Chris Mullen, Chief Content Manager

Gold closed stronger at $1,353.00 up $1.50 in New York on Monday. Asia tended slightly stronger and London dropped it $6.25 ahead of the Fix, where it was set at $1,346.75 over yesterday’s Fix. In the euro it Fixed at €978.814 up €0.5 over yesterday’s Fixing as the dollar strengthened slightly. Ahead of New York’s opening gold stood at $1,344.55 and in the euro at €976.93, while the dollar stood at $1.3763: €1.

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