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Silver Market Updates

Silver Market Morning

June 13, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,388.70 up $10.0 on Wednesday. China opens today. London opened at the same level as New York’s close. It then Fixed at $1,386.25 up $9.00 and in the euro at €1,039.713 up €2.5 while the euro was slightly stronger against the dollar at €1: $1.3333. Ahead of New York’s opening gold stood at $1,386.35 and in the euro at €1,041.04.

Silver Market Morning

June 12, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,378.70 down $7.0 on Tuesday. China remains closed until tomorrow. London opened at the same level as New York’s close. It then Fixed at $1,377.25 up $7.75 and in the euro at €1,036.774 up €5.6 while the euro was slightly stronger against the dollar at €1: $1.3284. Ahead of New York’s opening gold stood at $1,377.00 and in the euro at €1,036.47.

Silver Market Morning

June 11, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,385.40 up $7 on Monday. China remains closed until Thursday. London opened weaker slipping back to $1,369.30 ahead of the Fix. It then Fixed at $1,369.50 down $7.25 and in the euro at €1,031.095 down €10.792 while the euro was stronger against the dollar at €1: $1.3282. Ahead of New York’s opening gold stood at $1,374.15 and in the euro at €1,034.36.

Silver Investment Demand: The Ticking Time Bomb

June 10, 2013
By Chris Mullen, Chief Content Manager

Even though silver investment demand has picked up recently due to the lowest prices in over two years, this may be just the tip of the iceberg for what is to come in the future. Currently, only a small fraction of investors understand silver's future potential but that will change in the next few years.

Silver Cycles: What Next?

June 10, 2013
By Chris Mullen, Chief Content Manager

Silver prices peaked in April 2011 and dropped about 60% over the next 25 months. Sentiment by almost any measure is currently terrible. Few are interested in silver; most have lost money (on paper) if they bought in the last two and one half years, and the emotional pain seems considerable. It reminds me of the years after the NASDAQ crash in 2000.

Silver Market Update

June 10, 2013
By Chris Mullen, Chief Content Manager

While silver is on the defensive short-term there is plenty of evidence that over the medium and longer-term it is setting up for a powerful rally. COT’s and sentiment are already very bullish indeed, which means that when the turn does come, the rally is likely to be accentuated by panic short covering.

Silver Market Morning

June 10, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,378 down $34 on Friday. China was closed well before then and will be so until Thursday. London opened slightly weaker, probably a carry-over from the close in New York on Friday. It then Fixed lower at $1,376.75 down $33.25 and in the euro at €1,041.887 down €24 while the euro was weaker at €1: $1.3214. Ahead of New York’s opening gold stood at $1,379.40 and in the euro at €1,043.14.

June 6: Gold and Silver Gain While Dollar Drops

June 07, 2013
By SilverSeek

Silver Warehouse Stocks: 163,443,402.845 -761,514.402

Silver Market Morning: June 7th, 2013

June 07, 2013
By SilverSeek

The Labor numbers out of the U.S. have focused markets today. The lackluster recovery needs to confirm it is going to improve and these numbers will tell us if it is? A look across at the tumbling of the Nikkei index in Japan shows us in accelerated form how much confidence in QE succeeding is important. It has gone on for years in the U.S., but in Japan has just started. Of itself, it can’t succeed, but with the people’s confidence and the backing of government programs for growth, it can. Sad…

Shanghai Silver Stocks Decline Substantially After Price Take-down

June 05, 2013
By Chris Mullen, Chief Content Manager

There seems to be an interesting trend taking place in the silver warehouse stocks at the Shanghai Futures Exchange over the past two months. From May of 2012, when the Exchange started trading silver futures, until the beginning of 2013, silver warehouse stocks grew from virtually nothing to nearly 1,000 metric tonnes.

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