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Silver Market Updates

Silver Market Morning

New York closed at $1,706.90 down $21.5. This morning, Asia and London dealers are trying to make it bounce at $1,711 before the Fix at $1,708.50 and in the euro at €1,321.039 €4 higher while the euro was at €1: $1.29.33 down a cent. Ahead of New York’s opening gold stood at $1,709.56 and in the euro at €1,320.74.

Silver Market Morning

New York closed at $1,728.5 up $8. This morning, Asia and London dealers pulled it down to lifted it to $1,717 before it was Fixed at $1,717.00 and in the euro at €1,317.223 while the euro was at €1: $1.3035 23 cents lower. Ahead of New York’s opening gold fell again to $1,712.70 and in the euro at €1,314.43.

Silver Market Morning

New York closed at $1,722.1 down$18.90. This morning, Asia and London dealers lifted it to $1,725 before it was Fixed at $1,725.00 and in the euro at €1,321.029 €6 lower while the euro was at €1: $1.3058, barely changed. Ahead of New York’s opening gold stood at $1,725.40 and in the euro at €1,320.93.

Silver Market Morning

New York closed at $1,741.00 down$7.70. This morning, Asia and London dealers dropped it further to $1,733 before it was Fixed at $1,732.75 and in the euro at €1,327.269 while the euro was at €1: $1.3055. Ahead of New York’s opening gold stood at $1,734.43 and in the euro at €1,330.62.

Silver Summit 10th Anniversary Gala Just Days Away

The resource investment conference, routinely described by CEOs and attendees alike as “the best silver conference in the world” will feature over 70 silver exploration, development and production companies. Panelists will address investment opportunities, and the ever-expanding uses of silver in modern society as well as its historic role as money and a store of value.

Silver Market Morning

New York closed at $1,748.70 up $1. This morning, Asia and London dealers dropped it only by a dollar to $1,746.55 as the euro climbed to $1.3193 as the U.S. dollar continued to slip. At the Fix it was set at $1,748.00 only 25 cents higher. In the euro it was Fixed at €1,331.708, while the euro kept rising through to $1.3114. Ahead of New York’s opening gold stood at $1,747.40 and in the euro at €1,332.57.

Silver Market Morning

New York closed at $1,747.65 up $11. This morning, Asia and London dealers lifted it to $1,751 as the euro climbed to $1.3110 as the U.S. dollar continued to slip. At the Fix it was set at $1,747.75 only 50 cents higher. In the euro it was Fixed at €1,333.885 down €14, while the euro kept rising through to $1.3103 up 1.5 cents. Ahead of New York’s opening gold stood at $1,746.36 and in the euro at €1,331.07.

Silver Market Morning

New York closed at $1,754.4 down 413.5 on Friday. This morning, Asia and London dealers took it down further to $1,745.20 where it held until it was Fixed at $1,747.25. In the euro it was Fixed at €1,347.563 down €15, while the euro stood at $1.2966 the same as Friday. Ahead of New York’s opening gold stood at $1,747.00 and in the euro at €1,348.36.

Silver’s October Correction

With less than three months left until the end of the year, let’s do a quick recap. Silver may not be as shiny as gold, but it has been no pushover to the yellow metal. So far in 2012, silver has been the top performing precious metal with a gain of nearly 24 percent. The gold/silver ratio, the number of ounces of silver needed to buy one ounce of gold, fell below 52.0, from closer to 52.5 earlier this week, reflecting silver's outperformance relative to gold.

Wealth Strategies: Silver prices driven by QE, Euro buying [Video]

John Smith, CEO of Silver Standard Resources, says as central governments try to stimulate their economies, they'll devalue their own currencies, making silver a safe haven and providing price support.

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