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Silver Market Updates

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…

A Historical Perspective Of A Precious Metal Price Correction

April 12, 2013
By Chris Mullen, Chief Content Manager

When trying to determine when a market correction may be ending, it only makes sense to look at past corrections to help determine a general guideline. This really does not have to be a complicated process and the results from some quick analysis can be quite helpful.

Silver is Following its 1970s Pattern

April 12, 2013
By Chris Mullen, Chief Content Manager

The cyclical bear market in Silver is serving its purpose. Its correcting and digesting the 6-fold advance that took place in less than two and a half years. A similar correction took place in the mid 1970s that led to the parabolic move to $50. Amazingly, if you line up Silver’s performance from its 1971 low to 1980 high with Silver’s performance since its 2008 bottom, you’ll notice strong parallels.

Silver Market Morning

April 12, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,561.00 yesterday. The gold price was Fixed in London at $1,548.00 and in the euro at €1,186.293, while the euro was at €1: $1.3049. Ahead of New York’s opening it traded at $1,548.80 and in the euro at €1,186.05.

Dip in Silver Prices Means Higher Premiums for U.S. Silver Coins

April 11, 2013
By Chris Mullen, Chief Content Manager

There are few better barometers to gauge demand for bullion products on the street than the dealer to dealer premiums on those products. For old U.S. silver coins in moldy canvas bags premiums are on the rise as the price of silver has been doing the opposite. Premiums are the amount over the current spot or cash price paid or collected in a bullion transaction. The opposite is, predictably, called a discount.

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