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Silver Market Updates

Silver Market Morning

October 10, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,764.00 down $10 in line with the fall in the euro. This morning, Asia and London dealers moved it again, in line with the euro’s moves to $1,762. Gold was then Fixed at $1,763.00 and in the euro at €1,370.918 up 1€, while the euro stood at $1.2860. Ahead of New York’s opening gold stood at $1,762.38 and in the euro at €1,369.69.

Is Silver the New Gold? (Infographic)

October 09, 2012
By Chris Mullen, Chief Content Manager

This infographic covers silver’s meteoric increase and the factors that have led to silver’s exploding value. In short, it’s not speculation: silver is a commodity that’s being influenced by old-school supply and demand. We also take a nod to the future to see where silver’s price may be headed based on the most up to date demand data.

Silver Market Morning

October 08, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,780.90. This morning Asia and London took it down to $1,768.00 even though the euro was unchanged at $1.2949. Gold was then Fixed at $1,769.00 and in the euro at €1,364.232, while the euro stood at $1.2967. Ahead of New York’s opening gold stood at $1,768.85 and in the euro at €1,365.89.

Silver Market Update

October 07, 2012
By Chris Mullen, Chief Content Manager

A bloodbath is believed to be imminent in the silver market, now that its cheerleaders have herded their flocks into the corral, ready to be fleeced again. In the last update posted early last week, we expressed the view that an intermediate top was forming in gold and silver, a view that is reinforced further by the inability of both metals to break higher later in the week, and the now towering Commercial short position in silver as revealed by the latest COTs.

The Solar Silver Thrust

October 05, 2012
By Chris Mullen, Chief Content Manager

In early July, Japan set a premium price for solar energy that was three times the rate of conventional power. This meant utility companies would be paid three times more for electricity sourced from solar. It's widely expected that the premium will ignite the use of solar power – and solar uses a lot of silver.

Minutes of the Federal Open Market Committee

October 04, 2012
By Chris Mullen, Chief Content Manager

Minutes of the Federal Open Market Committee

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…

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