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Silver Market Updates

Silver Summit 10th Anniversary Gala Just Days Away

October 18, 2012
By Chris Mullen, Chief Content Manager

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

October 18, 2012
By Chris Mullen, Chief Content Manager

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

October 17, 2012
By Chris Mullen, Chief Content Manager

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

October 15, 2012
By Chris Mullen, Chief Content Manager

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

October 12, 2012
By Chris Mullen, Chief Content Manager

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]

October 12, 2012
By Chris Mullen, Chief Content Manager

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.

Silver Market Morning

October 12, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,767.50 up $4.50. This morning, Asia and London dealers held it around that level. Gold was then Fixed at $1,767.00 and in the euro at €1,362.795, while the euro stood at $1.2966. Ahead of New York’s opening gold stood at $1,768.26 and in the euro at €1,362.82.

Silver Market Morning

October 11, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,762.90 down $1. This morning, Asia and London dealers moved it up to $1,768.68 up $6. Gold was then Fixed at $1,767.25 and in the euro at €1,371.450 up €0.5, while the euro stood at $1.2886. Ahead of New York’s opening gold stood at $1,770.88 and in the euro at €1,371.55.

How to Find Silver: The Art of Drilling

October 10, 2012
By Chris Mullen, Chief Content Manager

A fascinating look at the techniques and methods used to explore for silver and other precious metals. We look at prospecting, operating a drill rig and the various challenges involved with mineral exploration. Visit http://www.edrsilver.com for more information. Presented by Endeavour Silver Corp. as part of an ongoing series of educational films on all things silver.

Silver Short-Term Update

October 10, 2012
By Chris Mullen, Chief Content Manager

The silver and gold markets are both over-bought and ready to correct their recent rally. They might not, and we can certainly find many fundamental reasons why they should not – such as QE4-Ever, massive federal deficits, Middle East war possibilities, European financial disasters, massive gold and silver purchases in Asia, and probably 100 more. But, in spite of the fact that I think much higher prices are all but inevitable in the next several years, in the short term we could easily see a…

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