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Silver Market Updates

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.

Silver Market Morning

June 05, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,398.20 down $13.80, yesterday, after which Asia took it up to $1,407, before London held let it slip below $1,400. It then Fixed lower at $1,396.50 down $8.75 and in the euro at €1,068.89 down €5.80 while the euro was stronger at €1: $1.3065. Ahead of New York’s opening gold stood at $1,398.75 and in the euro at €1,070.72.

Silver Market Morning

June 04, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,412.00 up $27.10 yesterday after which Asia took it down to $1,405, before London held it there. It then Fixed lower at $1,405.25 up $8.50 and in the euro at €1,074.697 €2 while the euro was stronger at €1: $1.3076. Ahead of New York’s opening gold stood at $1,397.80 and in the euro at €1,067.59.

Silver Market Morning

June 03, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,384.90 down $28.90 on Friday after which Asia lifted it to $1,398, before London took it over 1,400. It then Fixed lower at $1,396.75 and in the euro at €1,072.61 down €13 while the euro was €1: $1.3022. Ahead of New York’s opening gold stood at $1,395.50 and in the euro at €1,073.38.

SilverStrategies' Sean Rakhimov Advises Diversity

May 31, 2013
By Chris Mullen, Chief Content Manager

It's these times—volatile markets that shake you to your core—when you truly learn what kind of investor you are, says Sean Rakhimov, the founder of SilverStrategies. The investors who face these testing times, never forgetting why they sunk their funds into precious metals in the first place, are soon to be rewarded, according to Rakhimov. In this interview with The Gold Report, Rakhimov explains why he believes that investors who haven't been shaken out of stocks yet will be able to cash in…

Silver Market Morning

May 31, 2013
By Chris Mullen, Chief Content Manager

New York’s closed at $1,413.80 up nearly $19 after which Asia lifted it to $1,417, then London pulled it back to Fix at $1,410.25 up $4.00 and in the euro at €1,085.977 up €2 while the euro was €1: $1.2986. Ahead of New York’s opening gold rose again to stand at $1,411.90 and in the euro at €1,086.75.

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?

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