loading
loading

Silver Market Updates

Silver Market Morning

July 08, 2013
By Chris Mullen, Chief Content Manager

New York closed on Friday at $1,221.70. This morning in Asia it began to slip again but as London opened the gold price lifted over $1,226.30.London came in to Fix it at $1,225.50 down $7.25 on yesterday’s Fix and in the euro at €954.216 down €3.20, reflecting the ongoing weakness of the euro. Ahead of New York’s opening gold was trading at $1,234.50 and in the euro at €961.04.

July 5: Gold and Silver Fall Almost 1% and 4% on the Week

July 05, 2013
By Chris Mullen, Chief Content Manager

Gold fell to as low as $1208.10 in the aftermath of this morning’s jobs data before it rallied back higher in the last hour of trade, but it still ended with a loss of 2.49%. Silver slumped to as low as $18.69 and ended with a loss of 4.75%.

Changes in Silver Part 3: So Who Is Buying?

July 05, 2013
By Chris Mullen, Chief Content Manager

FOR ALL ITS monetary and investment history, silver is by far an industrial metal today. The industrial sector consumed close to 466 million ounces of silver in 2012 according to the Silver Institute. Add what's left of photographic demand, and you get to 524 moz, some 62% of total fabrication.

Silver Market Morning

July 05, 2013
By Chris Mullen, Chief Content Manager

New York was closed yesterday after a quiet day in London. Asian demand added nothing to the price. Then London came in to pull the price down to Fix it at $1,232.75 down $16.75 on yesterday’s Fix and in the euro at €957.401 down €3.7, reflecting the weakness of the euro. Ahead of New York’s opening gold was trading at $1,234.40 and in the euro at €958.53.

Silver Market Morning

July 04, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,252.90up $10.70 on yesterday. Asian demand added nothing to the price. It was Fixed in London at $1,249.50 up $3.50 on yesterday’s Fix and in the euro at €961.154 down €1. New York is closed today as, amazingly, the U.S. continues to celebrate its freedom from the United Kingdom.

Silver Market Buy Signal – AGAIN!

July 03, 2013
By Chris Mullen, Chief Content Manager

For the umpteenth time (actually the 3rd since June 2012) silver has given a buy signal according to my reading of the technical indicators.

The Dow and Gold Silver Ratio Signals Coming Silver Rally

July 03, 2013
By Chris Mullen, Chief Content Manager

The Dow, in particular, has been the biggest obstacle to a rise in precious metals, due to it sucking up most of the available value on global markets. However, it appears that this obstacle is now out of the way, with the Dow likely having peaked.

Silver Market Morning

July 03, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,242.20 down $10.50 on yesterday. Asian demand came in and lifted it by $4 and in London it was Fixed in London at $1,246.00 down $14.75 on yesterday’s Fix and in the euro at €962.162, while the dollar against the euro was stronger at €1: $1.2950. Ahead of New York’s opening gold stood at $1,246.15 and in the euro at €961.68.

Silver Market Morning

July 02, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,252.70 up $20.50 on yesterday. Asian demand came in and continued to lift gold to $1,264.4. It was Fixed in London at $1,260.75 and in the euro at €967.946 up €15, while the dollar against the euro was at €1: $1.3025. Ahead of New York’s opening gold stood at $1,255.40 and in the euro at €965.77.

Indian Silver Imports on Pace for New Record in 2013

July 01, 2013
By Chris Mullen, Chief Content Manager

If the present trend of large monthly silver imports continues, Indian may be setting up for a record year in 2013. According to industry sources, Indian has already imported 2,400 tonnes of silver in the first 5 months of 2013 compared to 1,900 tonnes for the entire year in 2012.

Subscribe to Silver Market Updates

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!