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Silver Market Updates

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.

Silver Market Morning

May 15, 2013
By Chris Mullen, Chief Content Manager

The gold price closed at $1,425.4 down $6 in New York yesterday. In Asia, gold weakened to $1,413 then in London it Fixed at $1,412.25 down $24.25 on yesterday and in the euro at €1,094.513 down €9, while the euro was much weaker at €1: $1.2903. It then quickly fell to €1: $1.2883. Ahead of New York’s opening it stood at $1,411.55 and in the euro at €1,095.67.

A Different View of Silver

May 14, 2013
By Chris Mullen, Chief Content Manager

The SILVER MARKET often gets a bum rap. The reason is that often its gyrations are much greater than those of the gold market.

Silver Market Morning

May 14, 2013
By Chris Mullen, Chief Content Manager

The gold price closed at $1,431.40 in New York yesterday. In Asia, gold recovered slightly to over $1,441 then in London it slipped to $1,434 until the Fix which was set at $1,436.50 up $6.75 on yesterday and in the euro at €1,103.472 up only €1 while the euro was much weaker at €1: $1.3018. Ahead of New York’s opening it stood at $1,429.00 and in the euro at €1,102.96.

Silver Lows: A Discernible Pattern

May 13, 2013
By Chris Mullen, Chief Content Manager

Unfortunately, there is not, that I can see, a simple pattern that predicts the next high or low in the price of silver. Markets seldom make it that easy. However, there are patterns that provide valuable information to help illuminate the “big picture” perspective of where the current price of silver lies in the up-down-up-down cycle of prices.

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