loading
loading

Silver Market Updates

Silver Market Morning

January 13, 2014
By Chris Mullen, Chief Content Manager

On Friday the gold price in New York rose to close at $1,247.10 with Asia lifting it to $1,251.55. The dollar weaker at $1.3673: €1 ahead of London’s opening. In London the gold price was Fixed at $1,246.00 up $13.75 on Friday. In the euro it, Fixed at €911.885 up nearly €5.30. Ahead of the opening in New York gold stood at $1,246.45 and in the euro at €912.08. The dollar stood at $1.3666: €1

Why the Bearish picture in Silver suddenly has increasing odds of changing

January 11, 2014
By Chris Mullen, Chief Content Manager

Silver is "Coiling Up" on the Daily chart and there is also a minor downward sloping trendline that may be coming into play soon. Take a look at the Daily chart below and the drawings. What the Coiling pattern shows me is there is a lot of tension in the recent open interest and that makes it a compression chamber of energy brewing. There is only one side in the zero sum game of futures that can make a profit so should Silver start to make a move away from the Coil with an increase in Volume…

Silver Bottoming?

January 10, 2014
By Chris Mullen, Chief Content Manager

Much has been written about gold but fewer talk about silver. Silver has been displaying similar technical patterns as gold. And like gold there remains constant bearish chatter that silver prices have a lot further to fall. The bear reports have silver falling to $17, $15 and even lower. Silver has in the past, been a monetary metal.

How can someone like me make a prediction about silver prices?

January 10, 2014
By Chris Mullen, Chief Content Manager

In a sense, I’m not qualified to issue an “expert” opinion on the future prices of silver and gold. I’m a managing editor of a weekly newspaper with a degree in political science. I took two economics classes in college. I don’t work in the “industry” that establishes PM prices. My knowledge of futures markets, “all-in” mining costs and technical analysis is elementary at best.

Silver Market Morning

January 10, 2014
By Chris Mullen, Chief Content Manager

Yesterday the gold price in New York rose back to close at $1,228.40 after which Asia lifted it to $1,234. The dollar hardly moved at $1.36.12: €1 ahead of London’s opening. In London the gold price was Fixed at $1,232.25 up $6.25 on yesterday. In the euro it, Fixed at €906.533 up nearly €6.00. Ahead of the opening in New York gold stood at $1,233.40 and in the euro at €907.55. The dollar stood at $1.35905: €1

Silver Market Morning

January 09, 2014
By Chris Mullen, Chief Content Manager

Yesterday the gold price in New York fell again to the lower $1,220 area, but was being pulled higher to the $1,226 level in Asian trade. The dollar was strengthening and was at $1.3596: €1 ahead of London’s opening. In London the gold price was Fixed at $1,226.00 up 50 cents on yesterday. In the euro it Fixed at €900.610 down nearly €2.00. Ahead of the opening in New York gold stood at $1,227.50 and in the euro at €901.712. The dollar stood at $1.3613: €1

Silver Market Morning

January 08, 2014
By Chris Mullen, Chief Content Manager

Yesterday the gold price in New York fell to $1,232.30 down $5.70 with the dollar steady at $1.3623: €1. Today the gold price was Fixed at $1,225.50 down $11 on yesterday. In the euro it Fixed at €902.502 down €5.422. Ahead of the opening in New York gold stood at $1,226.00 and in the euro at €902.333. The dollar stood at $1.3586: €1

A Curious Development in Silver

January 07, 2014
By Chris Mullen, Chief Content Manager

I write frequently about supply and demand in the monetary metals, gold and silver. I’ve argued that one cannot just look at numbers pertaining to “famous” buyers or sellers like India or the People’s Bank of China, while ignoring thousands or millions of anonymous people who are on the other side of the trade. Who has been “right” (from a dollar profit-and-loss perspective) over the past few years, those who sold their gold to China—or China who bought it? The gold price is a lot lower today,…

Silver Market Morning

January 07, 2014
By Chris Mullen, Chief Content Manager

Yesterday the gold price in New York rose to $1,238 and vacillated around that level with the dollar around $1.3620: €1. Today the gold price was Fixed at $1,237.50 down 50 cents on yesterday. In the euro it Fixed at €907.924. Ahead of the opening in New York gold stood at $1,240.00 and in the euro at €908.62. The dollar stood at $1.3647: €1

Silver, Gold and S&P: Trend Change Due

January 06, 2014
By Chris Mullen, Chief Content Manager

The year 2013 was a great year for the S&P and a terrible year for silver and gold investors. There are many indications that it is time for a reversal.

Subscribe to Silver Market Updates

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!