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Silver Market Updates

Silver Market Morning

Gold closed in New York at $1,558.70 down $26.20 on yesterday. The gold price was Fixed in London at $1,555.75 and in the euro at €1,189.593, while the euro was at €1: $1.3078. Ahead of New York’s opening it traded at $1,559.15 and in the euro at €1,187.15.

Silver Market Morning

Gold closed in New York at $1,584.70 up $12.20 on yesterday. In Asia and London it traded slightly higher at $1,586.80 ahead of the Fix in London which was set at $1,581.50 up $9 and in the euro at €1,207.160 up just €2, while the euro was at €1: $1.3101 cents. Ahead of New York’s opening it traded at $1,578.45 and in the euro at €1,206.30.

Silver Premiums, Demand & Shortages

Back in 2008, silver fell from over $20 per ounce down to below $10. This was a stomach-turning experience for those who had begun investing heavily in the metal. I heard reports of bullion dealers in the US who simply were not selling Monster Boxes of Silver Eagles. Physical metal was hard to find in spite of the price collapse.

Silver Market Morning

Gold closed in New York at $1,572.50 down $6.50 on yesterday. In Asia and London it traded slightly higher at $1,575 ahead of the Fix in London which was set at $1,572.50 down nearly $5 and in the euro at €1,205.258 down nearly €7, while the euro was at €1: $1.3047 cents. Ahead of New York’s opening it traded at $1,574.90 and in the euro at €1,206.31.

Silver Market Morning

Gold closed in New York at $1,579 up nearly $26 on Friday. In Asia and London it traded slightly lower at $1,576.5 ahead of the Fix in London which was set at $1,577.25 and in the euro at €1,212.803 while the euro was at €1: $1.3005 cents. Ahead of New York’s opening it traded at $1,578.70 and in the euro at €1,211.96.

Silver Market Morning

Gold closed in New York at $1,553.10 up $5 on yesterday, as the price fall slowed then turned. In Asia and London it traded slightly lower to $1,550 ahead of the Fix in London which was set at $1,552.75 up $7.50 and in the euro at €1,201.354 down €6 while the euro was at €1: $1.2925 up 1.25 cents. Ahead of New York’s opening it traded at $1,554.40 and in the euro at €1,202.91.

Silver Market Morning

Gold closed in New York at $1,558.30 down $17 on yesterday, making $40 in two days. In Asia and London it traded lower down to $1,543 ahead of the Fix in London which was set at $1,545.25 down $23 and in the euro at €1,207.415, down €22 while the euro was at €1: $1.2798. Ahead of New York’s opening it traded at $1,546.00 and in the euro at €1,205.32.

Silver Market Morning

Gold closed in New York at $1,575.30 down $23 on yesterday. In Asia and London it traded lower down to $1,568 ahead of the Fix in London which was set at $1,568.50 and in the euro at €1,222.81, while the euro was at €1: $1.2827. Ahead of New York’s opening it traded at $1,571.65 and in the euro at €1,226.41.

Prophecy Platinum: enormous upside potential with low risk at the Yukon’s emerging Wellgreen PGM Ni-Cu district, and beyond

Prophecy Platinum (NKL: TSX-V, PNIKF: OTCQX) is a Canadian-based PGM-Ni-Cu company that is focused on developing their district-scale Wellgreen project in the Yukon and fully permitted Shakespeare mine in Ontario. The company is well positioned with respect to fundamental supply and demand changes in the PGM market, and recently appointed managers are helping their team expedite growth.

Silver Market Morning

Gold closed in New York at $1,598.50 before the long weekend. In Asia and London it traded over $1,600 ahead of the Fix in London which was set at $1,597.75 and in the euro at €1,244.64, while the euro was at €1: $1.2837. Ahead of New York’s opening it traded at $1,597.25 and in the euro at €1,244.35.

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