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Silver Market Updates

Silver Market Morning

May 30, 2013
By Chris Mullen, Chief Content Manager

New York’s closed at $1,394.80 up nearly $14 after which Asia and London lifted it further through the $1,400 barrier to $1,408 in London’s morning. It Fixed at $1.406.25 up $22.00 and in the euro at €1,083.90 in London up €10 while the euro was €1: $1.2891. Ahead of New York’s opening gold rose again to stand at $1,400.65 and in the euro at €1,078.79.

Gold & Silver Maple Leaf Sales Increase in a Big Way

May 29, 2013
By Chris Mullen, Chief Content Manager

According to the Royal Canadian Mint's newest quarterly report just released, Gold and Silver Maple Leaf sales increased substantially Q1, 2013. During the first quarter of 2013, Silver Maple Leaf sales were up 65% at 6.6 million ounces compared to 4 million ounces during the same period last year.

Silver Market Morning

May 29, 2013
By Chris Mullen, Chief Content Manager

New York’s closed at $1,381 after which Asia lifted it slightly ahead of London’s opening up to $1,385 in London’s morning. It Fixed at $1.384.50 up $5.50 and in the euro at €1,074.005 in London up €6.6 while the euro was €1: $1.2891. Ahead of New York’s opening gold rose again to stand at $1,390.90 and in the euro at €1,065.78 still.

Is This Metal More Gold Than Gold?

May 28, 2013
By Chris Mullen, Chief Content Manager

Gold isn't the only precious metal dropping this year. Silver is down more than 25% in 2013. But is there a silver lining?

What's Really Happening with China's Silver Demand?

May 28, 2013
By Chris Mullen, Chief Content Manager

ANALYSTS at Barclays Bank recently noted that silver imports were down 28% in the month of April year on year. But in an article reporting that news, the author makes it sound like demand was also off significantly for unwrought silver, for silver powder, and for jewelry manufacturing as well.

Silver Market Morning

May 28, 2013
By Chris Mullen, Chief Content Manager

Asia took the gold price from New York’s close of $1,387 up to $1,394 in London’s morning. London and New York were closed and the price in Asia hardly moved from that level. On Tuesday the gold price slipped just below $1,390 ahead of London’s opening but then fell further to Fix at $1.379 and in the euro at €1,067.42 in London while the euro was €1: $1.2959 up 75 cents against the U.S. dollar. Ahead of New York’s opening gold stood at $1,378.75 and in the euro at €1,065.78.

Sprott Is Bullish on Silver—and Gold—Equities

May 22, 2013
By Chris Mullen, Chief Content Manager

Sprott Silver Equities Class Co-Manager Maria Smirnova understands the power of leverage. She has seen the big impact even a slight increase in the silver price can have on silver producers. Every cent is multiplied and goes right to the investor's bottom line, giving the equities more upside than possible in a coin. That is why Eric Sprott increased holdings of silver equities in certain Sprott funds, as explained in this interview.

Silver Market Morning

May 22, 2013
By Chris Mullen, Chief Content Manager

The gold price continues to consolidate below $1,400 in New York around $1,376. In Asia and early London the gold price was lifted above $1,385 to Fix in London’s morning at $1,385.25 up $6.50 and in the euro at €1,071.429 up €1.2, while the euro was slightly changed at €1: $1.2929 slightly stronger. Ahead of New York’s opening it stood at $1,386.40 and in the euro at €1,072.40.

RESPONSE TO: Martin Armstrong's "Silver -- the Flash Crash"

May 21, 2013
By Chris Mullen, Chief Content Manager

Martin Armstrong stated in his blog Post that the reason for the "flash crash" in silver on Sunday night, May 19, was due to the lack of bids. He goes on further to say "Despite the gold/silver promoters, there is no expansion of buyers for the precious metals. It has been the same choir over and over again."

Silver Recoups Sharp Loss And Rises 2% On Record Volume

May 21, 2013
By SilverSeek

This theory is bolstered by the fact that the 10% losses were due to a handful of a very large trades in a low volume session in Asia, while silver’s subsequent 12% reversal to the upside came amid extremely high trading volume with silver trading volume 82% higher than the 100 day moving average on the COMEX. Silver's fall could have been related to the gyrating yen dollar price as some hedge funds and banks use proprietary trading systems and sharp losses in a leveraged yen dollar position…

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