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Silver Market Updates

Silver Market Morning

November 29, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,719.20$10 down on yesterday. But yesterday saw it fall down to nearly $1,700 [see below] before recovering. This morning, Asian and London dealers continued to see a recovery into the mid $1.724 area. It was Fixed at $1,724.50 down $10 on yesterday’s Fix. In the euro it was Fixed at €1,327.560 nearly €20 down from yesterday while the euro was slightly stronger at €1: $1.2990. Ahead of New York’s opening, gold was almost the same at $1,723.90 and in the euro at €1,327.92.

The Silver Series: Supply and Demand (Part 2)

November 28, 2012
By Chris Mullen, Chief Content Manager

In 2011, there were 1040.6 million troy oz of silver produced. Of this, 84% was used by industry and the remaining was used as an investment. Interestingly, traditional uses of silver only account for about a third of silver fabrication. These include jewelry, coins, medals, and silverware. Most silver is actually consumed in over 10,000 modern industrial applications. The vast majority of silver supply comes from recycling, net government sales, and mine production. In terms of mine production…

Silver Market Morning

November 28, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,741.30 down $7.10. This morning, Asian and London dealers took the price down slightly alongside a declining euro ahead of London’s opening. It was Fixed at $1,741.00 down $6.25 on yesterday morning’s Fix. In the euro it was Fixed at €1,347.002 down €2.5, while the euro was slightly weaker at €1: $1.2925. Ahead of New York’s opening, gold was weaker at $1,738.75 and in the euro at €1,347.55.

Silver & The Fab Four

November 27, 2012
By Chris Mullen, Chief Content Manager

From one perspective, the daily silver chart has become technically overbought. A number of key indicators and oscillators have risen to levels that are worrisome to some analysts.

The Silver Saga

November 27, 2012
By Chris Mullen, Chief Content Manager

The silver standard did not die a natural death. It was deliberately killed. A proper search for the assassins was never carried out. There was never a post-mortem. In this paper we focus on the conspiracy as it might have unfolded between the two dates: April 9, 1865 (the day General Lee of the Confederacy surrendered at Appomattox to General Grant of the Union marking the end of the War Between the States) and January 1, 1879 (Resumption Day, when payment of the victorious Union’s currency,…

Silver Market Morning

November 27, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,748.40 up nearly $20 on last week. This morning, Asian and London dealers held the price at yesterday’s levels of $1,748 ahead of London’s opening. It was Fixed at $1,747.25 down $3.25 on yesterday afternoon. In the euro it was Fixed at €1,349.540 almost the same as yesterday in very thin trading, while the euro was slightly stronger at €1: $1.2947. Ahead of New York’s opening, gold was almost the same at $1,746.75 and in the euro at €1,348.63.

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.

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