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Silver Market Updates

Do Silver and Platinum Have Higher Growth Potential Than Gold?

February 04, 2013
By Chris Mullen, Chief Content Manager

We at Sunshine Profits suggest holding three precious metals (in a physical form) as long-term investments in a “default” precious metals portfolio – gold, silver and platinum. There are, of course, other viable options, such as palladium, depending on one’s preferences and needs, but these three mentioned above will suit virtually any precious metals investor.

Why Buy Silver?

February 04, 2013
By Chris Mullen, Chief Content Manager

•Silver has no counter-party risk. It is not someone else’s liability. Silver Eagles or Canadian Silver Maple Leaf coins are recognized around the world and have intrinsic value everywhere. The same is NOT true for hundreds of paper currencies that have become worthless, usually because the government or central bank printed them to excess to pay the debts of governments that did not control spending.

Silver Market Morning

February 04, 2013
By Chris Mullen, Chief Content Manager

In New York the gold price rose $3 to $1,667.80 continuing to consolidate, on Friday. In Asia on Monday it began to recover in the next and possibly final stage of its consolidation trading around that level in London’s morning where it Fixed at $1,664.25 almost the same as Friday and in the euro at €1,224.524 up €6.5, while the euro was $1.3591. Ahead of New York’s opening, gold was $1,663.00 and in the euro at €1,225.813.

Global Silver-Mining Trends

February 01, 2013
By Chris Mullen, Chief Content Manager

Over the course of silver’s secular bull, the miners have steadily increased production in order to meet fast-growing demand. And in 2012 mine production exceeded 24k metric tons (770m+ ounces), an all-time production high and 28% increase over 2001. As an investor interested in silver’s structural fundamentals, this rapid growth begs a question. Where in the world is this silver coming from?

Silver Market Morning

February 01, 2013
By Chris Mullen, Chief Content Manager

In New York the gold price fell back to $1,664.80 continuing to consolidate, yesterday. In Asia it slipped a little to $1,663 and traded around that level in London’s morning where it Fixed at $1,665.00 and in the euro at €1,217.996 down €17, while the euro was $1.3670. Ahead of New York’s opening, gold was $1,666.40 and in the euro at €1,220.71.

LIVE - TODAY! Virtual Silver Investment Conference - THURSDAY, Jan-31

January 31, 2013
By Chris Mullen, Chief Content Manager

SilverSeek.com’s 2013 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 9:30am Eastern on THURSDAY, January 31st.

Silver Market Morning

January 31, 2013
By Chris Mullen, Chief Content Manager

In New York the gold price recovered to $1,676.50, yesterday, up $14. In Asia it slipped a little to $1,677 and traded below that level in London’s morning where it Fixed at $1,674.5 up over $8 and in the euro at €1,234.882 up €4. The euro held the same level as yesterday at €1: $1.3556, despite the negative growth figures published yesterday in the U.S. Ahead of New York’s opening, gold was $1,674.65 and in the euro at €1,235.31.

Silver: Buy, Hold Or Sell? Update #24

January 30, 2013
By Chris Mullen, Chief Content Manager

In 1980, the price of one ounce of silver reached $ 50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 150 to reflect the value of the US dollar thirty years ago, assuming an average annual inflation of 3.5%.

Silver Market Morning

January 30, 2013
By Chris Mullen, Chief Content Manager

In New York the gold recovered to $1,662.70 yesterday. In Asia it tried to rise more then in London’s morning it Fixed at $1,666.25 up over $5 and in the euro at €1,230.704 down €4. The 5 bullion banks that Fix the price were all neutral at the Fix, netting out the buying and selling within their own clients. The euro strengthened through resistance to €1: $1.3556 against $1. Ahead of New York’s opening, gold was $1,665.65 and in the euro at €1,229.13.

Silver Market Morning

January 29, 2013
By Chris Mullen, Chief Content Manager

In New York the gold price pulled back $10 to $1,654.90 yesterday. In Asia it tried to climb back over $1,660 again before London opened. It Fixed at $1,660.50, up $4 and in the euro at €1,235.12. The euro weakened a little to €1: $1.3430 against $1. Ahead of New York’s opening, gold was $1,662.80 and in the euro at €1,238.08.

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