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Silver Market Updates

Silver Market Morning

April 23, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,425.40 in New York yesterday. In Asia it held at $1,423 London then traded it down to 1,411 ahead of the Fix. The Fix was set at $1,417.25 down $8 and in the euro at €1,091.704 down €0.75 while the euro was at €1: $1.2982. Ahead of New York’s opening it began to rise firmly again to $1,426.10 and in the euro at €1,097.38.

Rick Rule, Sprott Global Resource Investments Ltd.: “We're Going To Be Courting Exhibitors and Writing Checks At This Conference”

April 22, 2013
By Chris Mullen, Chief Content Manager

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Apr. 22, 2013) – Cambridge House International is pleased to announce the attendance of a team of world renowned investment managers, representing the Sprott Group of Companies, at the upcoming World Resource Investment Conference. Keynote speeches will be delivered by Rick Rule, David Franklin, Steve Yuzpe, Brian Mellum, and Dean R. Jensen.

Silver Market Update

April 22, 2013
By Chris Mullen, Chief Content Manager

Silver crashed its key support last week and plunged in sympathy with gold. On its 6-month chart below we can see the big drop that followed failure of the support, and how after plunging on Monday, it then steadied and traded in a narrowing range for the rest of the week, unlike gold which crept higher.

Silver Market Morning

April 22, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,400 up $12 in New York on Friday. In Asia it pushed through to $1,423 London then traded it around that level ahead of the Fix. The Fix was set at $1,425 up $11 and in the euro at €1,092.54 up €12 while the euro was at €1: $1.3043. Ahead of New York’s opening it began to rise firmly to $1,437 and in the euro at €1,101.40.

Silver Market Morning

April 19, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,388 in New York yesterday. In Asia and London it pushed through $1,400 to $1,411 ahead of the Fix. The Fix was set at $1,414 up $17 and in the euro at €1,080.462 up €10 while the euro was at €1: $1.3087. Ahead of New York’s opening it began to slip at $1,411.55 and in the euro at €1,078.59.

Silver Market Morning

April 18, 2013
By Chris Mullen, Chief Content Manager

After Gold hit a bottom of $1,321 in a vertical fall from $1,580 it bounced back to $1,373 in New York yesterday. The bounce continued in Asia and London today with the morning Fix being set at $1,397 and in the euro at €1,070.17 while the euro was at €1: $1.3063. Ahead of New York’s opening it began to slip at $1,394.35 and in the euro at €1,067.49.

Don't Panic, Buy Silver

April 15, 2013
By Chris Mullen, Chief Content Manager

It looks bad for precious metals. Gold prices have fallen hard. Explorers are hurting for money. Slim treasuries mean fewer drill programs. Scarce discovery news could lead to fewer listings on the Toronto Stock Exchange. But all is not lost. In this interview with The Gold Report, Rick Mills, owner and host of Ahead of the Herd, points to the fundamentals of silver.

Silver – A Bipolar Roller Coaster

April 15, 2013
By Chris Mullen, Chief Content Manager

You bought silver with high expectations! Then it crashed while endless news reports informed you that silver would drop even further. Frustration! Misery! Despair! Depression! You have lived it all. There was no light at the end of the tunnel.

Silver Market Morning

April 15, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,488 on Friday down $73.00. After hours the gold price fell back in Asia to $1,438 down another $50. All this ahead of London’s opening. In London the gold price was Fixed in London at $1,416.00 down $132 of Friday’s Fix and in the euro at €1,083.31 down €103 on Friday’s a.m. Fix, while the euro was at €1: $1.3071. Ahead of New York’s opening it began to recover at $1,427.35 and in the euro at €1,089.33.

Silver Market Update

April 14, 2013
By Chris Mullen, Chief Content Manager

Silver was a sideshow on Friday, as it was gold that came under an orchestrated attack, being driven down first in the Far East before waves of selling in New York took it lower and lower towards critical support, before it was dealt the knockout blow by the London physical market suddenly freezing up in the afternoon, sending holders of bullion into a blind panic and mad scramble to protect themselves in the futures market. Silver was sideswiped of course and the collateral damage it suffered…

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