loading
loading

Silver Market Updates

Silver Market Morning

January 14, 2013
By Chris Mullen, Chief Content Manager

After last week saw a rise to $1,675 before being driven down to $1,662 at New York’s close on Friday, gold was taken higher ahead of London’s opening to $1,669.45 in Asia. The prime cause of the move was not the euro because gold fell in euro terms while it entered recent new territory at over €1: $1.33 on Friday. It opened today at €1: $1.3360 in London. Does one see the euro gold price steady and gold moving with the euro now, or will it continue to move separately?

Silver And Bank Stock Lovebirds

January 08, 2013
By Chris Mullen, Chief Content Manager

Gold functions like an alarm clock. A rising gold price usually indicates that financial uncertainty and volatility are the dominant market themes. Inflation that begins to get out of control can cause the price of gold to rise almost vertically, but during the transition period from deflation to inflation, bank stocks and financial companies tend to be the best leading indicators.

Silver Market Morning

January 07, 2013
By Chris Mullen, Chief Content Manager

On Monday 7th January 2013 gold stood at $1,653.50down $16 from the last report we issued in 2012. While the gold price was volatile during the last days of 2012 and the first trading days of 2013 the market was thin. Today we see markets returning to normal. The dollar is stronger in the New Year at €1: $1.3042 up 2 cents since last year.

Silver Market Update

January 06, 2013
By Chris Mullen, Chief Content Manager

After the Fed induced scare on Thursday, silver at first dropped again steeply on Friday before staging a dramatic turnaround to close little changed on the day, leaving behind a large bull hammer on its chart that is a sign of a probable final low for the correction.

2013′s Silver lining

January 02, 2013
By Chris Mullen, Chief Content Manager

The knock down the silver price experienced towards the end of last year may have spooked many considering silver investment, however market analysts and the fundamentals are all pointing to big gains in the next year suggesting now might be the opportune time to buy silver bullion.

Gold and Silver Updated

January 01, 2013
By Chris Mullen, Chief Content Manager

Silver is a would-be leader to bullish activity in the metals, although it could be argued that it is the mining stocks that are actually setting up as leaders to the entire precious metals complex, given the ongoing bullish divergence in the HUI-Gold ratio’s bottoming process. Back on silver, it must get above 31 to begin signaling an all clear.

Silver is in a Bear Flag

December 31, 2012
By Chris Mullen, Chief Content Manager

On the bigger picture using the weekly chart for example, silver’s technicals look fine. But that should include the potential for a drop to the mid-high 20′s because despite a bullish macro fundamental view and even longer-term technical view, the recent correction is not yet indicated to be over. What might we look for? A final, dispiriting decline with sentiment bottomed out and the CoT structure going to a full bullish structure (it is moving in the right direction) and some positive…

Silver market rigging lawsuit against Morgan dismissed but may be revived

December 30, 2012
By Chris Mullen, Chief Content Manager

A federal judge has dismissed the class-action silver market-rigging lawsuit against J.P. Morgan Chase & Co. that was brought a year ago in September, ruling that the complaint lacked the specifics and claims of bad intent necessary to be allowed to proceed to trial.

Silver Juniors

December 28, 2012
By Chris Mullen, Chief Content Manager

Silver mine production is expected to come in at nearly 800m ounces in 2012, an all-time record and the seventh consecutive year of growth (per the U.S. Geological Survey). At 2012’s average silver price, this total represents a value of nearly $25b. There’s a lot of money to be made mining this shiny-white metal!

Twenty Reasons to Buy Silver for the Long-Term!

December 25, 2012
By Chris Mullen, Chief Content Manager

I believe that silver could go to $60 per ounce from today’s price of just $30 by the end of 2014. That would be double from today’s current prices in just a little over two years! I also believe silver will be the best single investment of this decade. The following article is focused on why I think that you should seriously consider having a significant percentage of your investment portfolio in silver.

Subscribe to Silver Market Updates

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!