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Silver Market Updates

Silver Market Update

November 25, 2012
By Chris Mullen, Chief Content Manager

Recent action in silver has been very bullish. It barely paid lip service to the technical requirement to drop back and form a Right Shoulder to its Head-and-Shoulders bottom before breaking out of this base pattern back last Tuesday, without waiting for either gold to break out, or for the dollar to break down. When gold did actually break out on Friday, and the dollar broke down, it built on these achievements by breaking clear above the resistance near to its 50-day moving average.

Silver Market Morning

November 23, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,729.20 barely changed on yesterday. This morning, Asian and London dealers took the gold price higher to trade at $1,734 ahead of London’s opening. It was Fixed at $1,734.75 up $5.00 on yesterday morning’s Fix. In the euro it was Fixed at €1,345.393 up €1 from yesterday while the euro was slightly stronger at €1: $1.2894. Ahead of New York’s opening, gold was almost the same at $1,733.79 and in the euro at €1,343.73.

Silver Market Morning

November 22, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,729.20 up $1.50 on yesterday. This morning, Asian and London dealers took the gold price higher to trade at $1,729.70 ahead of London’s opening. It was Fixed at $1,729.75 up $3.00 on yesterday morning’s Fix. In the euro it was Fixed at €1,344.226 down €6.5 from yesterday while the euro was stronger at €1: $1.2868. Ahead of New York’s opening, gold was almost the same at $1,730.25 and in the euro at €1,343.73.

When Picking Mineral Stocks, It's Management, Management, Management

November 21, 2012
By Chris Mullen, Chief Content Manager

Michael Berry believes the declining dollar is the real driver behind the gains in gold and silver and that silver is undervalued relative to gold. In this interview with The Gold Report, Berry, the co-founder of Discovery Investing and the pioneer of the Discovery Investing Scoreboard, discusses the factors that are now driving valuation.

Silver Market Morning

November 21, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,727.70 down $4.40 on yesterday. This morning, Asia and London dealers took lower to trade at $1,726.20 ahead of London’s opening. It was Fixed at $1,726.75 down $7.25 on yesterday morning’s Fix. In the euro it was Fixed at €1,350.712 down €2.25 from yesterday while the euro was at €1: $1.2784. Ahead of New York’s opening, gold was almost the same at $1,726.30 and in the euro at €1,348.46.

Silver Market Morning

November 20, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,732.10 up $21.6 on yesterday. This morning, Asia and London dealers took higher to trade at $1,723.45 ahead of London’s opening. It was Fixed at $1,734.00 up $10.75 on yesterday morning’s Fix. In the euro it was Fixed at €1,354.053 up €4.5 from yesterday while the euro was at €1: $1.2806. Ahead of New York’s opening, gold was almost the same at $1,733.79 and in the euro at €1,353.73.

A $50 Bill

November 19, 2012
By Chris Mullen, Chief Content Manager

It’s funny more precious metals observers, investors, and even the ‘bugs’ don’t talk about it more. Silver suppression commentators have talked about the various factors and machinations that keep silver ridiculously cheap, but there hasn’t been enough discussion about the importance of the $50 mark for silver. If you don’t know, it’s not just that it’s double top resistance from a technical perspective.

The Forces That Will Push Silver Over $100

November 19, 2012
By Chris Mullen, Chief Content Manager

There are tremendous forces at work that will push silver over $100 an ounce. Very few precious metal analysts understand all the forces that are at work. Some analysts focus on specific areas such as the gold-silver ratio and technical analysis, while others write about future investment and industrial demand. And then of course, we have the more unorthodox analysts who delve into the ongoing manipulation of gold and silver -- a realization shared by the author of this article.

Silver Market Morning

November 19, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,711.9 down just over $2.00 on Friday. This morning, Asia and London dealers took higher to trade at $1,723.45 ahead of London’s opening. It was Fixed at $1,723.25 up $13.25 and in the euro at €1,349.663 up €7 from yesterday while the euro was at €1: $1.2768. Ahead of New York’s opening, gold was slightly stronger at $1,724.45 and in the euro at €1,350.49.

Silver is relatively strong in the world of risk these days

November 16, 2012
By Chris Mullen, Chief Content Manager

There is a Bullish Inverted "Head and Shoulders" pattern on the daily chart. What makes this pattern so attractive on the next breakout above 32.94 is the fact that all of the Open Interest that was put on to the short side of the contract in Silver over the past month will be in the “red” and feeling pressure to exit the trade before it gets too late. Traders who want to get long will begin feeling they are missing the boat on the next breakout and when they begin to move off the sidelines…

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