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Silver Market Updates

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.

Silver Market Morning

January 06, 2014
By Chris Mullen, Chief Content Manager

On Dec 24th the gold price in New York rose stood at $1,198.50 the dollar stood at $1.3677: €1. Today we see gold having touched $1,238 and the dollar at $1.3607: €1. Asia is mainly responsible for the rise in prices ahead of London’s. Today the gold price was Fixed at $1,238.00. Ahead of the opening in New York gold stood at $1,237.40 and in the euro at €909.38.

New Royalty Scheme a Leveler in the Mexican Silver Space

December 31, 2013
By Chris Mullen, Chief Content Manager

We may be headed into a new year, but Chris Thompson, mining analyst with Raymond James, expects more of the same in the precious metals prices: volatility. In this Mining Report interview, he advises investors to play that volatility. He details why—despite its higher royalty tax—Mexico remains a silver powerhouse, and why some will feel the royalty pinch most.

Silver To Hit New Highs As The Quality Of Analysis Falls To New Lows

December 30, 2013
By Chris Mullen, Chief Content Manager

The coming explosion in the value of silver will be a shock to the world due to the failure of the analyst community. I am completely amazed at the lack of quality analysis today. Except for a few good analysts, there's a sea of lousy ones who continue to put out work that becomes increasingly worthless each and every passing day.

Silver Stocks 5

December 27, 2013
By Chris Mullen, Chief Content Manager

2013 has been a brutal year for silver. And a brutal year for a metal obviously doesn’t bode well for its mining stocks. Companies that have been exploring for deposits, developing mines, and producing silver have sadly become the pariahs of the markets. But if silver’s fortunes change in 2014, as they ought to, then right now could be one of the best buying opportunities of this entire secular bull market.

Silver Market Morning

December 24, 2013
By Chris Mullen, Chief Content Manager

The gold price in New York rose to $1,198.50 and Asia lifted it to $1,200. The dollar held around yesterday’s levels at $1.3677: €1. Then London held it there in quiet festive season trade throughout the morning ahead of New York’s opening. The dollar was weaker at $1.3682 with gold, ahead of the opening in New York, at $1,200.00 and in the euro at €877.06.

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