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Silver Market Updates

Silver Market Morning

March 15, 2013
By Chris Mullen, Chief Content Manager

The gold eased further to $1,588.50 in New York, yesterday only 20 cents higher than the day before. In Asia and London it traded higher at $1,592 before Fixing at $1,593.25 and in the euro at €1,219.386, while the euro was $1.3066, up 1.3 cents. Ahead of New York’s opening, gold was $1,592.75 and in the euro at €1,219.34.

Industrial Uses Forecast to Boost Demand for Silver

March 14, 2013
By Chris Mullen, Chief Content Manager

Industrial demand for silver has increased substantially over the past two decades and is expected to soar to a new record level in the coming year. Speaking last week at the annual Prospectors & Developers Association of Canada convention in Toronto, Michael DiRienzo, Executive Director of the Silver Institute, said that demand for silver is broadening in many directions. Industry’s widening use of the precious metal is expected to average more than 483 million ounces (Moz.) from 2012 to 2014,…

Silver Market Morning

March 14, 2013
By Chris Mullen, Chief Content Manager

The gold eased further to $1,588.30 in New York, yesterday. In Asia and London it traded at $1,585 before Fixing at $1,585.00 and in the euro at €1,225.83, while the euro was $1.2930, down a cent. Ahead of New York’s opening, gold was $1,580.50 and in the euro at €1,223.16.

Silver Market Morning

March 13, 2013
By Chris Mullen, Chief Content Manager

The gold eased slightly to $1,593.30 in New York, yesterday. In Asia and London it held onto those gains before Fixing at $1,591.50 and in the euro at €1,221.975, while the euro was $1.3024. Ahead of New York’s opening, gold was $1,593.70 and in the euro at €1,226.62.

Silver Market Morning

March 12, 2013
By Chris Mullen, Chief Content Manager

The gold eased slightly to $1,581.10 in New York, yesterday. In Asia and London it added a dollar before Fixing at $1,582.50 and in the euro at €1,216.372, while the euro was $1.3010. Ahead of New York’s opening, gold was $1,593.70 and in the euro at €1,221.83.

Silver – Keep It Simple!

March 11, 2013
By Chris Mullen, Chief Content Manager

Nixon dropped the link between the dollar and gold in 1971. Thereafter, the money supply rapidly expanded, consumer price inflation went wild, and both silver and gold increased in price by over a factor of 20 in early 1980.

Silver Market Morning

March 08, 2013
By Chris Mullen, Chief Content Manager

The gold eased slightly to $1,577.7 in New York, yesterday. In Asia and London it held steady before Fixing at $1,578 and in the euro at €1,206.00, while the euro was $1.3084. Gold then Fixed, in London, at $1,576.00 and in the euro at €1,204.184. Ahead of New York’s opening, gold was $1,578.30 and in the euro at €1,214.73.

Silver Market Morning

March 07, 2013
By Chris Mullen, Chief Content Manager

The gold price rose to $1,583.40 in New York, yesterday, up $10. In Asia and London it held steady before Fixing at $1,580.50 and in the euro at €1,213.249, while the euro was $1.3027. The Bullion Banks were neither buyers nor sellers matching both sides in-house. Ahead of New York’s opening, gold was $1,581.40 and in the euro at €1,214.73.

Silver Market Morning

March 05, 2013
By Chris Mullen, Chief Content Manager

The gold price slipped back to $1,573.80 in New York, yesterday. In Asia it began to recover and rose over $1,580 and London it continued to rise before Fixing at $1,584.25 and in the euro at €1,214.822, while the euro was $1.30325 in the middle. Ahead of New York’s opening, gold was $1,583.30 and in the euro at €1,215.12.

Silver Prices Defy the “Law of Supply and Demand”

March 04, 2013
By Chris Mullen, Chief Content Manager

How can we explain what has happened recently with the price of silver? In about three months, silver has declined from its late-November price of about $34 per ounce to its current price of about $28.50 as of today’s close (February 28, 2013). That’s a drop of about $5.50, which equates to a decline of over 16% in about 90 days.

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