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Silver Market Updates

Silver Market Update

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

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

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

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

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

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

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.

Silver Market Morning

New York closed at $1,285.10 up $1.50 but down $18.80 on the day before. Asia saw the gold price lifted to $1,290. It then Fixed in London at $1,287.75 down $4.25 and in the euro at €964.246 down nearly €8.80. Ahead of New York’s opening gold was at $1,288.65 and in the euro at €965.03.

Silver: The Noise is Deafening!

The weak prices for silver and gold during the past three years are a correction to the massive run-up in prices from October 2008 – mid 2011. During that time silver increased from a low of $8.53 to a high of nearly $50.00. Gold increased from a low under $700 to a high over $1,900. They have been correcting since then. The correction is, I expect, over – FINALLY.

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