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Silver Market Updates

Global Silver-Mining Trends

Over the course of silver’s secular bull, the miners have steadily increased production in order to meet fast-growing demand. And in 2012 mine production exceeded 24k metric tons (770m+ ounces), an all-time production high and 28% increase over 2001. As an investor interested in silver’s structural fundamentals, this rapid growth begs a question. Where in the world is this silver coming from?

Silver Market Morning

In New York the gold price fell back to $1,664.80 continuing to consolidate, yesterday. In Asia it slipped a little to $1,663 and traded around that level in London’s morning where it Fixed at $1,665.00 and in the euro at €1,217.996 down €17, while the euro was $1.3670. Ahead of New York’s opening, gold was $1,666.40 and in the euro at €1,220.71.

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SilverSeek.com’s 2013 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 9:30am Eastern on THURSDAY, January 31st.

Silver Market Morning

In New York the gold price recovered to $1,676.50, yesterday, up $14. In Asia it slipped a little to $1,677 and traded below that level in London’s morning where it Fixed at $1,674.5 up over $8 and in the euro at €1,234.882 up €4. The euro held the same level as yesterday at €1: $1.3556, despite the negative growth figures published yesterday in the U.S. Ahead of New York’s opening, gold was $1,674.65 and in the euro at €1,235.31.

Silver: Buy, Hold Or Sell? Update #24

In 1980, the price of one ounce of silver reached $ 50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 150 to reflect the value of the US dollar thirty years ago, assuming an average annual inflation of 3.5%.

Silver Market Morning

In New York the gold recovered to $1,662.70 yesterday. In Asia it tried to rise more then in London’s morning it Fixed at $1,666.25 up over $5 and in the euro at €1,230.704 down €4. The 5 bullion banks that Fix the price were all neutral at the Fix, netting out the buying and selling within their own clients. The euro strengthened through resistance to €1: $1.3556 against $1. Ahead of New York’s opening, gold was $1,665.65 and in the euro at €1,229.13.

Silver Market Morning

In New York the gold price pulled back $10 to $1,654.90 yesterday. In Asia it tried to climb back over $1,660 again before London opened. It Fixed at $1,660.50, up $4 and in the euro at €1,235.12. The euro weakened a little to €1: $1.3430 against $1. Ahead of New York’s opening, gold was $1,662.80 and in the euro at €1,238.08.

Silver Market Morning

In New York the gold price pulled back $10 to $1,658.90 on Friday. In Asia on Monday it tried to climb back over $1,660 before London opened. Later in London’s morning it traded at where it Fixed at $1,656.75 down $13 on Friday morning70.25 and in the euro at €1,232.426 down €11. The euro strengthened to €1: $1.3446 against $1. Ahead of New York’s opening, gold was $1,655.45 and in the euro at €1,231.73.

Silver Market Morning

In New York the gold price pulled back $18 to $1,667.70. In Asia the gold price started to consolidate and held there. Then in London’s morning it tried to climb over $1,670 again where it Fixed at $1,670.25 and in the euro at €1,243.693 down €15. The euro strengthened to €1: $1.3460 up 1.3 cents in the euro. Ahead of New York’s opening, gold was $1,669.10 and in the euro at €1,240.32.

Riding The Silver Wave (CNBC Video)

Lenic Rodriguez, CEO, Aurcana discusses why silver is gaining popularity among investors. He explains how that is helping his company's business.

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