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Silver Market Updates

Silver Market Morning

The gold price in Asia held at the $1,245 level overnight but began to rise [to $1,248] ahead of the Fix where it was set at $1,250.75 exactly the same as yesterday. In the euro it Fixed at €919.804 down €4.077 as the dollar weakened. Ahead of New York’s opening the euro stood at $1.3601: €1 with gold at $1,253.00 and in the euro at €921.26.

Silver Market Morning

Last night and in Asia, the gold price rose, despite its pointing down on the charts. It was at $1,253 in Asia ahead of London’s opening ahead of the Fix where it was set at $1,250.75 up $19. In the euro it Fixed at €923.881 up 11.924 reversing yesterday’s fall. Ahead of New York’s opening the euro stood at $1.3512: €1 with gold at $1,252.55 and in the euro at €924.35.

Silver Market Morning

This issue is the first since 15th and so is a weekly report. On Friday gold closed weaker at $1,243.20 down $44.50 on the previous Friday in New York. Asia let it slide another $12.10 cents before London held it there ahead of the Fix where it was set at $1,231.75 down $50 on a week ago in London. In the euro it Fixed at €911.957 down €41.442 on a week ago. Ahead of New York’s opening the euro stood at $1.3512: €1 with gold at $1,231.40 and in the euro at €911.34.

Why gold and silver are having a tough time

Ben Bernanke provided some clarity to the recent confusion surrounding the Fed’s QE stimulus program. He indicated on Tuesday that the near-zero Fed Funds rate will likely remain at that level long after ending asset purchases under quantitative easing (QE). This satisfied Wall Street and provided much relief, allowing a mini-rally to transpire in equities but providing additional selling pressure for gold and silver.

Is Silver Likely to Decline from Here?

Looking at the chart of silver from today’s point of view, we see that at the end of the previous week, the white metal (similarly to gold) moved higher after Federal Reserve Chair Nominee Janet Yellen told that monetary stimulus tools shouldn't be removed too soon. If you recall, several days ago we wrote that gold could move higher but that that would just be a counter trend move and would likely be followed by further declines.

Silver Fundamentals from an Historian’s Perspective

Ryan Jordan, Ph.D. is a professional historian, author and college professor. He is the author of “Silver – The Peoples Metal” which I highly recommend. He sees silver fundamentals from the perspective of a historian and as an astute observer of present conditions. He studies the drivers of the silver market, supply, demand, mining, inflation, investment sentiment, central bank bond monetization policies, and politics.

Death at Doe Run

Wallace, Idaho – While our first Affirmative Action president fiddles, Nero-like, over the smoking rubble that was the American economy, few outside of the gun-nut community – of which we are card-carrying members – noticed the newest death-rattle, this emanating from the small (pop. 3,468) town of Herculaneum, Missouri.

Little-Known Facts About The Importance of Silver in Technology

Learn the important role this super precious metal plays in technology, health care and medicine. Read how our lives are better today, and will continue to be, because of the precious metal silver.

SilverSeek LIVE! David Morgan (Silver Investor) & Scott Drever (SilverCrest Mines) -- Wed. Nov, 20th @ 2PM EST

November 18, 2013

SilverSeek.com will be hosting a special 60-minute live online event with David Morgan, of the “The Morgan Report” newsletter and Scott Drever, CEO & Chairman SilverCrest Mines (OTCQX: SVLC | TSX-V: SVL), this coming Wednesday, November 20th starting at 2pm Eastern / 11 am PST. SilverSeek.com readers will be able to attend this free online presentation + Q&A with SilverSek.com contributing author, David Morgan and the CEO of SilverCrest Mines, Scott Drever.

SILVER BEARS: You Have Been Warned

What does a 1978 movie about "Silver Bears" have to do with the silver market today? A great deal as you will find out. Nothing today is as it seems anymore. The present financial and economic system is so weak, it only survives by the wholesale packaging of lies.

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