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Silver Market Updates

Silver Market Morning

August 14, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,321.70 down $14.20 after rising $23.30 the day before. Asia held it there before London pulled it back up to trade at $1,324 ahead of the Fix. It then Fixed in London at $1,323.25 down $1.50 and in the euro at €999.056 up nearly €2.00. Ahead of New York’s opening gold was at $1,325.90 and in the euro at €1,000.83.

Gold Technicals Improve And Silver Leads

August 13, 2013
By Chris Mullen, Chief Content Manager

The technical outlook for gold, silver, and mining companies continues to improve.Please click here now.That’s the daily gold chart, and it looks excellent. First, note the position of my stokeillator (14,7,7 Stochastics series), at the bottom of the chart.The lines are touching, and close to generating a key buy signal.

The Recent Price Action in Silver: Breakout or Fakeout?

August 13, 2013
By Chris Mullen, Chief Content Manager

According to Reuters, Fed stimulus has helped fuel the S&P's gain of nearly 19 percent in 2013. The Fed is seen as moving toward reducing its $85 billion in monthly bond purchases, causing some investors to take a step back from stocks.

Silver Market Update

August 12, 2013
By Chris Mullen, Chief Content Manager

All the signs are that silver’s long correction is now over and that it is beginning a major uptrend. The Commercials have cleared out most of their short positions, for a massive profit of course, meaning that the slate is wiped clean for the game to start over anew. Public opinion and sentiment towards silver remains rotten, which is exactly what you expect to see at a major low, with the investing public at large, having been duly “educated” by the mainstream media, harboring a negative…

Tips for Shallow Water Metal Detecting for Gold and Silver

August 12, 2013
By Chris Mullen, Chief Content Manager

Many metal detectorists enjoy metal detecting in shallow water. That’s not really a surprise though since rivers and lake shores often yield significant treasures. Coins, relics, gold nuggets, silver, minerals, and more can be found in shallow waters but, to be successful in these tricky conditions, you’ll want to follow these tips from metal detecting pro Michael Bernzweig.

Miners with the Grade to Survive the Silver Downturn

August 12, 2013
By Chris Mullen, Chief Content Manager

It's one thing for a silver producer to make a profit at $28/oz and quite another to do the same at $20/oz, declares Chris Lichtenheldt, senior mining analyst at Dundee Capital Markets. In this interview with The Gold Report, Lichtenheldt examines the silver market, and explains the fundamentals behind his optimism.

Silver Market Morning

August 12, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,312.60 up $0.10 on Friday. Asia took it up to $1,331 before London pulled it back to trade at $1,327 ahead of the Fix. It then Fixed in London at $1,325.75 up $20.00 and in the euro at €997.404 up nearly €22.00. Ahead of New York’s opening gold was at $1,326.40 and in the euro at €998.34.

The Silver Miners are Ripe for Breakout

August 11, 2013
By Chris Mullen, Chief Content Manager

The Silver Miners Exchange Traded Fund symbol SIL looks ripe for a breakout from a Bullish reversal pattern on the Daily chart. This pattern is what I call an "Inverted Head and Double Shoulders pattern" which is highlighted by the blue text notes on the chart below. The neckline is a trendline drawn off the peaks in this pattern and the breakout point signals the potential change in trend.

SILVER MINING INDUSTRY: Unsustainable at Present Market Conditions

August 09, 2013
By Chris Mullen, Chief Content Manager

The primary silver mining industry is not sustainable at present market prices. Financial reports are starting to be released and by the end of the month we should have a pretty good idea on how bad the losses will be.

Silver Market Morning

August 09, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,312.50 up $27.40. Asia held it there before London pulled it back to trade at $1,308.30 ahead of the Fix. It then Fixed in London at $1,305.50 up $7.75 and in the euro at €975.491 up €11.2. Ahead of New York’s opening gold was at $1,310.90 and in the euro at €980.04.

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