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Silver Market Updates

Silver Market Morning

March 27, 2013
By SilverSeek

Gold Today – The gold closed in New York at $1,599.10 yesterday. In Asia and London it traded then down slightly to $1,595.30 then it rose ahead of New York’s opening to $1,599.30 and in the euro at €1,251.75 while the euro weakened to €1: $1.2776.  Silver Today – Silver closed at $28.70 in New York, yesterday. Ahead of New York’s opening silver stood at $28.37. Gold (very short-term) Gold will continue to consolidate around $1,600, in New York today. Silver (very short-term)&nbsp…

Silver Market Morning

March 26, 2013
By Chris Mullen, Chief Content Manager

The gold closed in New York at $1,604.40 yesterday. In Asia and London it traded then down slightly to $1,602.55 then it Fixed lower at $1,597.25 and in the euro higher at €1,241.354, while the euro was $1.2867. Ahead of New York’s opening, gold was $1,598.55 and in the euro at €1,242.22.

Silver Market Morning

March 25, 2013
By Chris Mullen, Chief Content Manager

The gold closed in New York at $1,607.60 on Friday. In Asia and London it traded then down until it Fixed at $1,602.25 and in the euro at €1,232.974, while the euro was $1.2995. Ahead of New York’s opening, gold was $1,603.35 and in the euro at €1,233.63.

Silver Market Update

March 24, 2013
By Chris Mullen, Chief Content Manager

Although silver’s long-term charts are more messy and difficult of interpretation than gold’s, on its long-term 7-year chart we can see that it, like gold, is getting close to a lower supporting trendline drawn parallel to the definite upper trendline drawn across the 2006, 2008 and 2011 highs, where the chances are good that it will successfully find support and turn higher, particularly as this trendline has now risen steadily to come into play underpinning the strong support level where the…

Silver's Investment Demand Conundrum

March 22, 2013
By Chris Mullen, Chief Content Manager

The silver market is increasingly becoming an exercise in contradiction. On one hand, the silver spot price has disappointed thus far in 2013, falling from the low-thirties in early January down to its current level around US$29.00/oz. Given that price direction, one would be forgiven for assuming that the silver ETF's had experienced outflows over that time - but they have not. While we have seen the SPDR Gold Trust (GLD) shed 141 tonnes of gold year-to-date with the price of gold reacting…

Silver Market Morning

March 22, 2013
By Chris Mullen, Chief Content Manager

The gold closed in New York at $1,614.40 yesterday. In Asia and London it slipped $2 until it Fixed at $1,611.50 and in the euro at €1,246.616, while the euro was $1.2906. Ahead of New York’s opening, gold was $1,609.00 and in the euro at €1,242.42.

Silver Market Morning

March 21, 2013
By Chris Mullen, Chief Content Manager

The gold closed in New York on Friday at $1,612.60 the same as yesterday. In Asia and London it slipped $5 until it Fixed at $1,608.75 and in the euro at €1,246.417, while the euro was $1.2907. Ahead of New York’s opening, gold was $1,608.85 and in the euro at €1,245.81.

Silver Market Morning

March 20, 2013
By Chris Mullen, Chief Content Manager

The gold closed in New York on Friday at $1,612.60. In Asia and London it held there through London’s morning until it Fixed at $1,611.50 and in the euro at €1,247.098, while the euro was $1.29.22. Ahead of New York’s opening, gold was $1,609.30 and in the euro at €1,246.94.

Silver Market Morning

March 19, 2013
By Chris Mullen, Chief Content Manager

The gold closed in New York on Friday at $1,605.30. In Asia and London it pulled back slightly as it gets used to the view over $1,600. It then Fixed at $1,602.50 and in the euro at €1,238.408, while the euro was $1.29.40. Ahead of New York’s opening, gold was $1,602.95 and in the euro at €1,237.85.

Silver Market Morning

March 18, 2013
By Chris Mullen, Chief Content Manager

The gold closed in New York on Friday at $1,591.60. In Asia on Monday the gold price was pushed through $1,600 then traded higher in London at $1,604 before Fixing at $1,599.50 and in the euro at €1,236.09 up €17, while the euro was $1.29.40 down 1.26 cents. Ahead of New York’s opening, gold was $1,602.70 and in the euro at €1,237.32.

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