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Silver Market Updates

Silver Market Morning

April 26, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,464.3 up $34 in New York yesterday. In Asia it continued to rise back to $1,475.35 ahead of the Fix. The Fix was set at $1,462.25 and in the euro at €1,123.425 while the euro was at €1: $1.3016. Ahead of New York’s opening it slipped slightly at $1,463.75 and in the euro at €1,126.09.

COT Data and Silver

April 25, 2013
By Chris Mullen, Chief Content Manager

This current bottom is more like the bottom in 2008 after that 55% washout than any other bottom in the past three decades. I expect that now is a significant bottom, and we will see substantially higher prices over the next several months and several years. Unfortunately, I also expected the same after the June 2012 bottom. So, we’ll wait and see… In the meantime, go back and review the fundamental case for silver and gold.

Silver Market Morning

April 25, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,430.40 down$15.5 in New York yesterday. In Asia and London it continued to rise back to $1,447.80 ahead of the Fix. The Fix was set at $1,446.50 up $22 and in the euro at €1,107.07 up nearly €12 while the euro was at €1: $1.3066. Ahead of New York’s opening it slipped slightly at $1,445.30 and in the euro at €1,105.31.

Silver Market Morning

April 24, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,414.90 down$10.5 in New York yesterday. In Asia and London it rose back to $1,425. The Fix was set at $1,424.5 up $7.25 and in the euro at €1,095.516 up nearly €4 while the euro was at €1: $1.3003. Ahead of New York’s opening it slipped slightly at $1,421.85 and in the euro at €1,092.30.

Silver Market Morning

April 23, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,425.40 in New York yesterday. In Asia it held at $1,423 London then traded it down to 1,411 ahead of the Fix. The Fix was set at $1,417.25 down $8 and in the euro at €1,091.704 down €0.75 while the euro was at €1: $1.2982. Ahead of New York’s opening it began to rise firmly again to $1,426.10 and in the euro at €1,097.38.

Rick Rule, Sprott Global Resource Investments Ltd.: “We're Going To Be Courting Exhibitors and Writing Checks At This Conference”

April 22, 2013
By Chris Mullen, Chief Content Manager

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Apr. 22, 2013) – Cambridge House International is pleased to announce the attendance of a team of world renowned investment managers, representing the Sprott Group of Companies, at the upcoming World Resource Investment Conference. Keynote speeches will be delivered by Rick Rule, David Franklin, Steve Yuzpe, Brian Mellum, and Dean R. Jensen.

Silver Market Update

April 22, 2013
By Chris Mullen, Chief Content Manager

Silver crashed its key support last week and plunged in sympathy with gold. On its 6-month chart below we can see the big drop that followed failure of the support, and how after plunging on Monday, it then steadied and traded in a narrowing range for the rest of the week, unlike gold which crept higher.

Silver Market Morning

April 22, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,400 up $12 in New York on Friday. In Asia it pushed through to $1,423 London then traded it around that level ahead of the Fix. The Fix was set at $1,425 up $11 and in the euro at €1,092.54 up €12 while the euro was at €1: $1.3043. Ahead of New York’s opening it began to rise firmly to $1,437 and in the euro at €1,101.40.

Silver Market Morning

April 19, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,388 in New York yesterday. In Asia and London it pushed through $1,400 to $1,411 ahead of the Fix. The Fix was set at $1,414 up $17 and in the euro at €1,080.462 up €10 while the euro was at €1: $1.3087. Ahead of New York’s opening it began to slip at $1,411.55 and in the euro at €1,078.59.

Silver Market Morning

April 18, 2013
By Chris Mullen, Chief Content Manager

After Gold hit a bottom of $1,321 in a vertical fall from $1,580 it bounced back to $1,373 in New York yesterday. The bounce continued in Asia and London today with the morning Fix being set at $1,397 and in the euro at €1,070.17 while the euro was at €1: $1.3063. Ahead of New York’s opening it began to slip at $1,394.35 and in the euro at €1,067.49.

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