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Silver Market Updates

Silver Market Morning

September 03, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,390 down nearly $4.00 on Monday. Asia held it there ahead of London’s opening. London held it there before it was Fixed at $1,391.25 a repeat of yesterday and in the euro at €1,056.057 up just over €3.50. Ahead of New York’s opening gold was trading at $1,394.20 and in the euro at €1,058.12.

Massive Debt Levels Will Push Silver To $150 And Beyond

September 02, 2013
By Chris Mullen, Chief Content Manager

The massive debt bubble created by our monetary system is about to burst. The demonetization of gold and silver, has over the years diverted value from these metals, to all paper assets (such as bonds) linked to the debt-based monetary system.

Silver Market Morning

September 02, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,394.30 down nearly $13.00 on Friday. Asia held it around $1,392 ahead of London’s opening. London held it there before it was Fixed at $1,391.25 down $1.50 and in the euro at €1,052.462 up just over €0.50. Ahead of New York’s opening gold was trading at $1,390.80 and in the euro at €1,052.80.

Silver Market Morning

August 30, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,407.10 down $8.60 on Thursday. Asia took it higher to $1,410 ahead of London’s opening. But London then smacked it down to $1,396 before it was Fixed at $1,392.75 down $13.50 and in the euro at €1,051.847 down just over €8.00. Ahead of New York’s opening gold was trading at $1,395.45 and in the euro at €1,054.05.

Canadian Maple Leaf Sales Beat All Records

August 29, 2013
By Chris Mullen, Chief Content Manager

According to the information just released by the Royal Canadian Mint, sales of Gold & Silver Maples are beating all records. Not only are Canadian Maple sales surpassing its own previous records, Gold Maple Leaf sales actually out performed U.S. Gold Eagles during the second quarter of 2013.

Silver Market Morning

August 29, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,415.70 up 70 cents on Wednesday. Asia took it lower to $1,409.15 ahead of London’s opening. The gold price was Fixed at $1,406.25 down $19.25 and in the euro at €1,059.961 down just over €6.00. Ahead of New York’s opening gold was trading at $1,411.15 and in the euro at €1,064.90.

Follow the Beta Plays with Junior Silver Miners

August 28, 2013
By Chris Mullen, Chief Content Manager

PureFunds has a simple strategy: Be first in the market with innovative exchange-traded funds. In this interview with The Gold Report, Andrew Chanin, PureFunds' co-founder and COO, describes the firm's ISE Junior Silver ETF and the factors that make a "leveraged play to the actual spot price of the metal."

Silver Market Morning

August 28, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,415.50 up $13.10 on Tuesday. Asia took it higher to $1,433.00 ahead of London’s opening. The gold price was Fixed at $1,425.50 up $14.50 and in the euro at €1,066.034 up €8.50. Ahead of New York’s opening gold was trading at $1,425.30 and in the euro at €1,068.08.

Future Silver Supply in Question as Mexico Oil Production Declines

August 27, 2013
By Chris Mullen, Chief Content Manager

The largest silver producing country in the world saw its oil production decline to the lowest level since 1995. Mexico who produced 162 million ounces of silver in 2012 is slated to increase this amount substantially by the end of the decade... that is, if they have the available energy to do so.

Gold/Silver Ratio Signals Much Higher Silver Prices

August 27, 2013
By Chris Mullen, Chief Content Manager

The current pattern has not completed yet, and it would suggest that it will only complete at a point much lower than a ratio of 15. Such a completion of the pattern is consistent with the bullish fundamentals of silver (and gold) in relation to paper money – understanding that a lower ratio will likely mean higher gold and silver prices. Furthermore, it is consistent with the scenario that we are in a downtrend in the ratio; therefore, being, more likely to go lower over the next couple of…

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