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Silver Market Updates

Silver Market Morning

March 14, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,371.60 up $4.60 on Thursday in New York. Asia took it up again to $1,375 ahead of London’s opening. The gold price was Fixed in London at $1,370.00 down $1.00. In the euro, it Fixed at €986.463 up €4.16 as the dollar continued to strengthened to $1.3888 up 0.69 of a cent against the euro. Ahead of the opening in New York gold stood at $1,371.70 and in the euro at €987.37.

Silver Market Morning

March 13, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,367.10 up $20.10 on Wednesday in New York. Asia took it up again to $1,375 ahead of London’s opening. The gold price was Fixed in London at $1,371.00 up $16.25. In the euro, it Fixed at €982.303 up €4.834 as the dollar continued to weaken at $1.3957. Ahead of the opening in New York gold stood at $1,369.00 and in the euro at €981.05.

Silver Market Morning

March 12, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,347.00 up $7.10 cents on Tuesday in New York. Asia made it jump $10 ahead of London’s opening to $1,360. The gold price was Fixed in London at $1,355.75 up $7.75. In the euro, it Fixed at €977.469 up €3.903 as the dollar stood at $1.3870 slightly weaker. Ahead of the opening in New York gold stood at $1,359.00 and in the euro at €979.60.

Silver Market Morning

March 11, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,339.90 up 70 cents on Monday in New York. Asia saw it rise ahead of London’s opening to $1,342. The gold price was Fixed in London at $1,348.00 up $13.75. In the euro, it Fixed at €973.566 up €12.014 as the dollar stood at $1.3846 slightly stronger. Ahead of the opening in New York gold stood at $1,350.00 and in the euro at €974.66.

Gold & Silver Trading Alert: Silver below $21

March 10, 2014
By Chris Mullen, Chief Content Manager

Silver also moved lower – in fact, most decisively in the whole sector. It is now well below the 2008 high and it was the second weekly close below it. Silver is currently below the $21 level. For the bearish outlook to be confirmed (and for us to increase the size of the short position in silver), we would like to see a move below the rising long-term support lines – marked in black and grey on the above chart. They are close to where silver is now, so we may see further deterioration…

Micro to Macro Chartology: In Support of Silver

March 10, 2014
By Chris Mullen, Chief Content Manager

In this Weekend Report I want to take a good hard look at silver which has been the laggard in the precious metals complex to see if there is something technically wrong. If you been following the precious metals complex for any length of time you’ll know that silver can be contrarian at times. It likes to start out slow and then once gold begins to pickup the pace then silver will play catchup. Once silver gets ready to move it can rally hard and fast catching up to gold and surpassing in on a…

Silver Market Morning

March 10, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,339.20 down $11.10 on Friday in New York. Asia saw it slip ahead of London’s opening to $1,332. The gold price was Fixed in London at $1,334.25 down $14.00. In the euro, it Fixed at €961.552 down €9.67 as the dollar stood at $1.3876 slightly stronger. Ahead of the opening in New York gold stood at $1,339.00 and in the euro at €965.11.

Gold challenges $1350

March 07, 2014
By Chris Mullen, Chief Content Manager

From last Friday’s close at $1322, gold opened strongly on Monday trading, as high as $1355 before losing two thirds of the rise on Tuesday. On Thursday afternoon (GMT) gold rallied back to challenge the $1350 level. This morning (Friday) it is in the balance as to whether or not gold will need more consolidation before moving on towards $1400, with everyone watching out for US employment numbers.

Silver Market Morning

March 07, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,350.30 up$12.90 on Thursday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,348.25 up $14.75. In the euro, it Fixed at €971.222 down €0.717, barely changed again, as the dollar stood at $1.3887 over 1% weaker. Ahead of the opening in New York gold stood at $1,348.40 and in the euro at €970.91.

Silver Market Morning

March 05, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,335.10 down $16.30 on Tuesday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,333.50 down $6.00. In the euro, it Fixed at €971.939 down €1.96, barely changed, as the dollar stood at $1.3720, slightly stronger. Ahead of the opening in New York gold stood at $1,333.75 and in the euro at €972.22.

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