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Silver Market Updates

Silver Market Morning

New York closed at $1,386.00 on Friday. Asia held the price at that level as did London, where it was Fixed at $1,386.00 and at up $6.25 and in the euro at €1,035.537 down €3.50 while the euro was slightly stronger against the dollar at €1: $1.3345. Ahead of New York’s opening gold stood at $1,381.00 and in the euro at €1,035.58.

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Silver Market Morning

New York closed at $1,388.70 up $10.0 on Wednesday. China opens today. London opened at the same level as New York’s close. It then Fixed at $1,386.25 up $9.00 and in the euro at €1,039.713 up €2.5 while the euro was slightly stronger against the dollar at €1: $1.3333. Ahead of New York’s opening gold stood at $1,386.35 and in the euro at €1,041.04.

Silver Market Morning

New York closed at $1,378.70 down $7.0 on Tuesday. China remains closed until tomorrow. London opened at the same level as New York’s close. It then Fixed at $1,377.25 up $7.75 and in the euro at €1,036.774 up €5.6 while the euro was slightly stronger against the dollar at €1: $1.3284. Ahead of New York’s opening gold stood at $1,377.00 and in the euro at €1,036.47.

Silver Market Morning

New York closed at $1,385.40 up $7 on Monday. China remains closed until Thursday. London opened weaker slipping back to $1,369.30 ahead of the Fix. It then Fixed at $1,369.50 down $7.25 and in the euro at €1,031.095 down €10.792 while the euro was stronger against the dollar at €1: $1.3282. Ahead of New York’s opening gold stood at $1,374.15 and in the euro at €1,034.36.

Silver Investment Demand: The Ticking Time Bomb

Even though silver investment demand has picked up recently due to the lowest prices in over two years, this may be just the tip of the iceberg for what is to come in the future. Currently, only a small fraction of investors understand silver's future potential but that will change in the next few years.

Silver Cycles: What Next?

Silver prices peaked in April 2011 and dropped about 60% over the next 25 months. Sentiment by almost any measure is currently terrible. Few are interested in silver; most have lost money (on paper) if they bought in the last two and one half years, and the emotional pain seems considerable. It reminds me of the years after the NASDAQ crash in 2000.

Silver Market Update

While silver is on the defensive short-term there is plenty of evidence that over the medium and longer-term it is setting up for a powerful rally. COT’s and sentiment are already very bullish indeed, which means that when the turn does come, the rally is likely to be accentuated by panic short covering.

Silver Market Morning

New York closed at $1,378 down $34 on Friday. China was closed well before then and will be so until Thursday. London opened slightly weaker, probably a carry-over from the close in New York on Friday. It then Fixed lower at $1,376.75 down $33.25 and in the euro at €1,041.887 down €24 while the euro was weaker at €1: $1.3214. Ahead of New York’s opening gold stood at $1,379.40 and in the euro at €1,043.14.

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