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Silver Market Updates

Silver Market Morning

October 04, 2012
By Chris Mullen, Chief Content Manager

New York closed up $22 at $1,778.50 little changed from yesterday. This morning Asia and London took it higher to $1,788.00 as the euro moved up to $1.2947. It was then Fixed at $1,786.50 up $8.75 and in the euro at €1,380.923 up €6, while the euro stood at $1.2937. Ahead of New York’s opening gold stood at $1,788.00 and in the euro at €1,380.38.

Silver Market Morning

October 03, 2012
By Chris Mullen, Chief Content Manager

New York closed up $22 at $1,775.10 only 20 cents different from this time yesterday. This morning Asia and London took it slightly higher to $1,777 before it was Fixed at $1,777.25 and in the euro at €1,374.729 down on yesterday by 2.5€, while the euro stood at $1.2928. Ahead of New York’s opening gold stood at $1,779.00 and in the euro at €1,376.78.

Will Silver Shine Brighter Than Gold?

October 02, 2012
By Chris Mullen, Chief Content Manager

Mining executives met this week in a MINExpo convention in Las Vegas and the talk was mostly bullish. They heard Newmont CEO Richard O’Brien say that gold is presently trading more like a currency than a commodity. O'Brien told the audience that investment is the largest growing component of the gold market, currently comprising about 40% of demand. As more currencies weaken, such as the U.S. dollar and the Euro, O'Brien suggests the current bull market for gold will continue well into the…

Silver Market Update

October 02, 2012
By Chris Mullen, Chief Content Manager

The story for silver at this point is much the same as that for gold, but as usual, more extreme – with silver there are bigger gains to be harvested, and bigger prospective profits if it now reverses violently to the downside, which could be occasioned by a larger dollar rally, as predicted on the site at the weekend. Silver made a new intraday high yesterday, ended the day with a bearish “Shooting Star” on its chart, again on higher volume, and looks vulnerable to a sharp drop if the support…

Silver Market Morning

October 02, 2012
By Chris Mullen, Chief Content Manager

New York closed up $22 at $1,776.90 yesterday. This morning Asia and London took it slightly higher to $1,779.35 before it was Fixed at $1,778.50 and in the euro at €1,377.188 up $7, while the euro stood at $1.2914. Ahead of New York’s opening gold stood at $1,779.35 and in the euro at €1,377.21.

Silver Market Morning

October 01, 2012
By Chris Mullen, Chief Content Manager

New York closed up $22 at $1,773.30 on Friday. This morning Asia and London took it slightly lower before it was Fixed at $1,770.50 and in the euro at €1,372.800 up €7.50. The euro stood higher than Friday’s level at $1.2898 up half a cent on the dollar. Ahead of New York’s opening gold stood at $1,770.45 and in the euro at €1,372.76.

Silver Miners ETF

September 28, 2012
By Chris Mullen, Chief Content Manager

It’s hard to believe that silver was trading at only $4 just 11 years ago. And amazingly it was only 7 years ago that silver had hit $10 for the first time in nearly two decades. Now at over $30 and rising, silver is flexing its muscles as one of the best-performing assets of the last decade.

Silver Market Morning

September 27, 2012
By Chris Mullen, Chief Content Manager

New York closed down at $1,751.30 yesterday down $10. Asia and London took it slightly higher before it was Fixed at $1,755.25 down $8.50 on yesterday morning and in the euro at €1,365.316 down €5.50. The euro stood at the same level as yesterday at $1.2854. Ahead of New York’s opening gold stood at $1,755.40 and in the euro at €1,365.54.

Silver and the Myth of Diminishing Returns From QE

September 26, 2012
By Chris Mullen, Chief Content Manager

There is lots of talk in the financial media about how there are diminishing returns from QE (i.e. money printing) with each successive round of counterfeiting. This is only true because such commentators are stuck in paperbug world and focusing on common stocks. But common stocks are in a secular bear market, so it makes sense that there could be diminishing returns on common equities related to bailing out banks and governments by destroying the purchasing power of the currencies of the world.

Silver Market Morning

September 26, 2012
By Chris Mullen, Chief Content Manager

New York closed down at $1,761.40 yesterday. Asia and London held it slightly higher before it was Fixed at $1,763.75 and in the euro at €1,369.797. The euro weakened slightly to $1.2854, down half a cent. Ahead of New York’s opening gold stood at $1,762.30 and in the euro at €1,371.11.

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