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Silver Market Updates

RESPONSE TO: Martin Armstrong's "Silver -- the Flash Crash"

May 21, 2013
By Chris Mullen, Chief Content Manager

Martin Armstrong stated in his blog Post that the reason for the "flash crash" in silver on Sunday night, May 19, was due to the lack of bids. He goes on further to say "Despite the gold/silver promoters, there is no expansion of buyers for the precious metals. It has been the same choir over and over again."

Silver Recoups Sharp Loss And Rises 2% On Record Volume

May 21, 2013
By SilverSeek

This theory is bolstered by the fact that the 10% losses were due to a handful of a very large trades in a low volume session in Asia, while silver’s subsequent 12% reversal to the upside came amid extremely high trading volume with silver trading volume 82% higher than the 100 day moving average on the COMEX. Silver's fall could have been related to the gyrating yen dollar price as some hedge funds and banks use proprietary trading systems and sharp losses in a leveraged yen dollar position…

Hightower Silver Market Update: May 20, 2013

May 20, 2013
By SilverSeek

Silver saw some aggressive liquidation action overnight, with the July contract falling down to its lowest level since September of 2010! In addition to knock-on selling from gold, silver was reportedly under pressure from technically inspired selling as the market approached and failed to hold the April spike low. Another element that might be undermining silver is ongoing interest in equities, which in turn might have been behind the decline in silver derivative holdings at the end of last…

The Silver Price Squeeze: Infographic

May 19, 2013
By SilverSeek

The Silver Squeeze – An infographic.

Silver Market Update: May 19, 2013

May 19, 2013
By Clive Maund

Silver’s post plunge relief rally was considerably weaker and more stunted than gold’s, and with it now back near to its April plunge lows after the drop last week, the chances are considered high that it will break to new lows soon. That said, its latest COTs and sentiment indicators are now strongly bullish, so that although it may well break to lower lows soon, it is thought unlikely that there will be much downside follow through before it hits bottom. We can see all this on its 9-month…

COT Silver Report - May 17, 2013

May 17, 2013
By COT Silver Report, SilverSeek.com

COT Silver Report - May 17, 2013

Silver Market Morning: May 17, 2013

May 17, 2013
By SilverSeek

Silver(very short-term) The silver price will continue to consolidate, in New York today.

CPM Group Releases 2012 Silver Yearbook

May 17, 2013
By SilverSeek

Investment demand for silver rose to 122.5 million ounces in 2012, up 32.1% from the previous year. This was the sixth highest annual volume of demand from investors on record. Investors remained interested in silver, amid concerns about U.S. fiscal issues, European sovereign debt concerns, and a slowdown in Chinese economic growth. The strong increase in annual investment demand mostly was driven by three major price declines throughout the year, which triggered strong bargain buying activity…

Silver and the Dow

May 16, 2013
By Chris Mullen, Chief Content Manager

The Dow making new highs is likely to be very good news for silver investors, because nominal silver peaks tend to come after significant nominal peaks in the Dow. These stock market rallies are driven by the expansion of the money supply, causing a big increase in value of paper assets (including stocks) relative to real assets.

Silver Market Morning

May 16, 2013
By Chris Mullen, Chief Content Manager

The gold price tumbled again in Asia after New York selling pushed the gold price down to $1,392.70 down $33 from New York ahead of London’s opening today. In London it Fixed at $1,377.00 down $45.25 on yesterday and in the euro at €1,070.01 down €24.5, while the euro was much weaker at €1: $1.2869. Ahead of New York’s opening it stood at $1,376.20 and in the euro at €1,068.93.

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