loading
loading

Silver Market Updates

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.

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.

Subscribe to Silver Market Updates

Newsletter Signup

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