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Silver Market Updates

Silver Market Morning

New York closed at $1,322.4 up $11.80 on yesterday. Asia took gold $5 higher ahead of London’s opening. At the Fix, gold was set at $1,321 up $10 on yesterday. In the euro it Fixed at €973.184 up over €8.0. Ahead of New York’s opening gold was trading at $1,323.30 and in the euro at €975.27.

Silver Market Morning

New York closed at $1,310.60 down just under $7 on Friday. Asia took gold $5 higher before slipping back $4 ahead of London’s opening. At the Fix, gold was set at market prices at $1,311 down $5 on Friday. In the euro it Fixed at €965.11 down nearly €2.0. Ahead of New York’s opening gold was trading at $1,312.00 and in the euro at €966.5.

Silver Market Update

The reason for posting a new Silver Market update at this juncture is that we appear to be at an optimum “buy spot”, for gold, silver and Precious Metals ETFs and stocks, as both gold and silver have dropped back in recent weeks to mark out the Right Shoulder low of what is believed to be a large Head-and-Shoulders bottom.

Silver – QE4ever, POMO4ever, Nevermore4ever

The central bankers have no rudder, adrift in a sea of fiat, taking everybody with them. Witness Cyprus and Greece being forced to walk the plank. Those who choose to stay on this Ship of Fools will suffer the same fate, even worse as the growing panic emboldens banker reactions.

Silver Market Morning

New York closed at $1,317.40 barely changed on yesterday. Asia took $2 higher right to London’s opening. At the Fix, gold was set at market prices at $1,316 up $15.25. In the euro it Fixed at €967.007 up another €5.6 with the dollar a tad stronger at $1.3596. Ahead of New York’s opening gold was trading at $1,309.00 and in the euro at €967.86.

Volatile Times Ahead for Silver

On Wednesday, silver gained almost 2.7% and reached $22 as a weak dollar boosted commodities priced in the greenback. The US currency was under selling pressure as a U.S. government shutdown entered a second day with no end in sight. The white metal was supported by weak U.S. economic data, which raised hopes the Federal Reserve would stick to its commodity-friendly stimulus for longer.

Silver Market Morning

New York closed at $1,316 up $26.10 on yesterday. Asia held it there but London took it back to $1,313 ahead of the Fixing, which was set below market prices at $1,309 up $15.25. In the euro it Fixed at €961.581 up €5.6 with the dollar weakening to new recent lows. Ahead of New York’s opening gold was trading at $1,309.00 and in the euro at €961.58.

Selling Silver

A look at the sales and delivery process of large quantities of physical silver from Canadian silver mining company Endeavour Silver Corp.

Silver Market Morning

New York closed at $1,289.90 down $37.90 on yesterday. Asia took it to $1,390 and London started to lift it to $1,292 ahead of the Fixing, which was set at $1,293.75 again higher than the market but down from yesterday’s $1,332.25 a fall of $38.50. In the euro it Fixed at €955.926 with the dollar staying at weak levels. Ahead of New York’s opening gold was trading at $1,291.70 and in the euro at €954.83.

Silver Market Morning

New York closed at $1,327.80 down$8.20 on yesterday. Asia took it to $1,329.45 and London held it there ahead of the Fixing, which Fixed higher than the market at $1,332.25 down from $1,335.75 yesterday but still above the mid-trading range. In the euro it Fixed at €983.138 down €6.4 with the dollar weakening still. Ahead of New York’s opening gold was trading at $1,330.70 and in the euro at €982.43.

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