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Silver Market Updates

Silver Market Morning

The gold price in New York fell to $1,218.50, but Asia lifted it a couple of dollars. The dollar rose nearly a full cent to $1.3660: €1. But London let it fall to $1,202 ahead of the Fix, which was set at $1,205.25. In the euro it Fixed at €881.160 down €15.81. Ahead of New York’s opening the dollar was stronger at $1.3682 with gold, ahead of the opening in New York, at $1,205.85 and in the euro at €881.34.

December 18: Gold and Silver End Lower in Mixed Trade

Gold edged down to $1227.77 just before noon EST before it jumped up to $1244.19 just before today’s fed announcement, but it then dropped to as low as $1216.21 after the announcement and ended with a loss of 0.99%. Silver slipped to $19.664 before it rallied back to $20.258, but it then fell back off again and ended with a loss of 0.55%.

Silver Market Morning

The gold price in New York rose to $1,240.70 then fell to $1,230.70 on Tuesday. On Wednesday Asia took the gold price to $1,235, before London let it slip slightly to $1,232 ahead of the Fix, which was set at $1,233.25. In the euro it Fixed at €896.974. Ahead of New York’s opening the dollar was steady at $1.3748: €1 with gold, ahead of the opening in New York, at $1,231.80 and in the euro at €895.59.

December 17: Gold and Silver End Slightly Lower Before Fed Day

Gold edged up to $1247.92 in Asia before it fell back to $1227.85 at about 10:30AM EST and then bounced back higher at times, but it still ended with a loss of 0.81%. Silver climbed to $20.24 before it fell back to $19.698, but it then rallied back higher into the close and ended with a loss of just 0.3%.

Silver Market Morning

The gold price in New York rose to $1,237.6 up$11.10 on Friday. On Monday Asia and London ahead of the Fix let it slip to $1,227 ahead of the Fix, which was set at $1,229.50 $6.75. In the euro it Fixed at €892.624 up just over €1.4. Ahead of New York’s opening the dollar began to weaken again to $1.3781: €1 with gold ahead of the opening in New York at $1,230.30 and in the euro at €892.75.

Silver – A Rigged Market Coming To An End

No one can question the fact that the demand for silver has grown exponentially in the past few years, record sales for American Eagle coins being one small example, record buying in India, another larger example. Demand has never been greater. Supply, on the other hand, keeps diminishing.

Silver Market Morning

The gold price in New York fell to $1,226.50 down $36.00 on Thursday then Asia lifted it to $1,229.10 ahead of London’s opening. London took it lower to around $1,223.00 ahead of the Fix, which was set at $1,222.75 down $32.50. In the euro it Fixed at €891.217 down €20.83. Ahead of New York’s opening the euro stood at $1.3724: €1, stronger by nearly half a cent against the euro with gold ahead of the opening in New York at $1,227.65 and in the euro at €894.53.

Silver Market Morning

The gold price in New York rose to $1,262.50 up $21.90 on Wednesday then Asia took it lower to $1,256 ahead of London’s opening. London held it around that level ahead of the Fix, which was set at $1,255.25 up $9.50. In the euro it Fixed at €912.047 up nearly €6.00. Ahead of New York’s opening the euro stood at $1.3773: €1 with gold at $1,244.00 and in the euro at €903.22.

Silver Market Morning

The gold price in New York rose to $1,262.50 up $21.90 on Tuesday then Asia took it lower to $1,256 ahead of London’s opening. London held it around that level ahead of the Fix, which was set at $1,255.25 up $9.50. In the euro it Fixed at €912.047 up nearly €6.00. Ahead of New York’s opening the euro stood at $1.3764: €1 with gold at $1,256.15 and in the euro at €912.63.

Silver – Letting The Market Speak

December 08, 2013

We are not a source for or fans of endless statistics, like the number of ounces purchased from one period over another, how many ounces are available at the Comex, how many ounces have been mined, the demand for v the production of silver, etc, etc, etc.  Too boring.It may satisfy many to know this information, but we are more interested in what translates into results, where can a market turn be determined, where price is likely to go, etc, etc, etc?  This is where the challenge…

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