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Silver Market Updates

Silver Market Morning

July 11, 2013
By Chris Mullen, Chief Content Manager

New York closed on Tuesday at $1,251.10 up nearly $3. This morning in Asia it lifted to over $1,290 but as London started its day it was pulled back to $1,287 and then Fixed at $1,280.75 up $27.75 on yesterday’s Fix and in the euro at €981.87 up €4.0 showing gold yesterday moved with the euro again as the dollar fell. Ahead of New York’s opening gold was trading at $1,282.85 and in the euro at €982.42.

Shanghai Silver Stocks Fall Nearly 50% Since April

July 10, 2013
By Chris Mullen, Chief Content Manager

Ever since the take-down of the price of silver in April, silver warehouse stocks have been declining in a large way at the Shanghai Futures Exchange. At the peak on April 12th, the Shanghai Futures Exchange held 1,124 tonnes of silver at its warehouses. However, just six weeks later, 360 tonnes or 32% were removed.

When? When? When?

July 09, 2013
By Chris Mullen, Chief Content Manager

Money printing is out of control by government, $1 trillion more in spending per year that they don't have, that's $1000 billion. There is no political will to stop the spending. Tea party Republicans are a tiny minority, and often cave in for small victories, rather than really hold the line on spending.

Silver… Light at the End of the Tunnel?

July 09, 2013
By Chris Mullen, Chief Content Manager

Silver’s year-to-date performance has been the worst among all commodities, falling 35% from January to June 30th this year. It’s been a rough ride for those who have held on, but recent news should give silver investors a reason for some renewed optimism.

Silver Market Morning

July 09, 2013
By Chris Mullen, Chief Content Manager

New York closed on Monday at $1,236.50 up $15. This morning in Asia it lifted to $1,256 but London pulled it down to Fix it at $1,252 up $26.50 on yesterday’s Fix and in the euro at €972.578 up €54.216 showing gold moving independently of the euro. Ahead of New York’s opening gold was trading at $1,249.35 and in the euro at €971.05.

Silver Companies: The Ones YOU Have to Own!

July 08, 2013
By Chris Mullen, Chief Content Manager

The average correction since this bull market started was 44%. Some down-side pressure may persist for a while. After the price of silver dropped 57% in 2008, it surged 441% over the following three years. Silver is as oversold as in 2008. A price $ 100/ounce is our target.

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.

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