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Silver Market Updates

Silver Market Morning

August 06, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,302.40 down $5.30 on yesterday. Asia saw the gold price fall to $1,293 ahead of London’s opening where it held through the morning. It then Fixed in London at $1,292.00 down $19 and in the euro at €972.965 down nearly €14.00. Ahead of New York’s opening gold was at $1,296.00 and in the euro at €975.54.

Mexico Silver Production Down a Stunning 10%

August 05, 2013
By Chris Mullen, Chief Content Manager

The largest silver producing country in the world has seen its production decline substantially in the first five months of the year. Mexico was forecasted to increase its silver production this year, however if present trends continue, total output could fall nearly 10% in 2013. If we take a look at the last two latest reports coming from Mexico's INEGI, we can see that the majority of the declines have come from Zacatecas -- the richest silver region in the country.

Silver Market Morning

August 05, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,307.70 down $2.60 on Friday. Asia saw the gold price rise to $1,314 ahead of London’s opening. It then Fixed in London at $1,311.00 and in the euro at €986.827 up €14.50. Ahead of New York’s opening gold was at $1,310.40 and in the euro at €987.12.

A (Photovoltaic) Silver Bull in China

August 04, 2013
By Chris Mullen, Chief Content Manager

Early this month, big news came out of China. It may have gone unnoticed by some investors—and there's really no reason why it would have been covered extensively by mainstream media—but it's important if you're a silver investor. China raised its target for solar generating capacity to more than 35 gigawatts (GW) by 2015, a stunning increase of 67% above the previous target.

Silver – A Change In Behavior. Enough For A Bottom?

August 04, 2013
By Chris Mullen, Chief Content Manager

One of the largest issues many have with technical analysis is linking an understanding of their fundamental "beliefs" with prices on a chart.By fundamental, we include simply the knowledge of any number of known factors, shortages, record buying of coins, people generally positive about the "news," as a few simple examples.There is a need for a hand-to-eye type of association between existing fundamental "beliefs" and current prices.

Silver Market Morning

August 02, 2013
By Chris Mullen, Chief Content Manager

The gold and silver market looked strong through the day but in thin trade. Then in came sales from the SPDR gold ETF in size, which knocked the price down to $1,310. We assume the as HSBC is the Custodian, they chose to sell this gold in Asia, which again in thin trade pushed the gold price down to $1,287. The sales from the SPDR gold ETF were 6.31 tonnes which left the total of the SPDR gold ETF and the Gold Trust at 1,099.90 with the SPDR gold ETF at 921.045 tonnes, while the Gold Trust gold…

The Sun Shines on Silver

August 01, 2013
By Chris Mullen, Chief Content Manager

Solar power appears to be coming back with a vengeance on the back of recent announcements by China and Japan. Both countries are pushing for new programs to significantly increase their solar power capacity in the years ahead.

Silver Market Morning

August 01, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,322.80 down $3.50 on yesterday. Asia let it slip $3 and London held it there until the Fix which set it higher at $1,323.75 down $7.75 and in the euro at €999.207 down only €3.49. Ahead of New York’s opening gold was at $1,324.35 and in the euro at €1.000.64.

Silver Market Morning

July 31, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,326.30 down $3.10 on yesterday. Asia took it higher to $1,331 and then London held it there before Fixing it at $1,331.50 up $9.25 and in the euro at €1,002.7 up €6.00. Ahead of New York’s opening gold was at $1,333.40 and in the euro at €1.005.01.

Silver Market Morning

July 30, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,329.40 down $3.60 on yesterday. Asia allowed it to slip slightly to $1,327 and then London came in to take it down to $1,322.40 ahead of the Fix where it was Fixed at $1,322.25 and in the euro at €996.646 down €4.60. Ahead of New York’s opening gold was at $1,322.85 and in the euro at €996.57.

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