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Silver Market Updates

Silver Market Update

August 26, 2012
By Chris Mullen, Chief Content Manager

The sharp advance by silver last week was presaged by the late July breakout from the important "inner" downtrend that we had earlier delineated, which had been in force from early March, as we can see on the 8-month chart for silver shown below. So is that it - are we on our way now? - almost, but there is one remaining major hurdle left to clear. Before going on to consider what that is we should take note of the fact that silver is now critically overbought short-term as shown by its RSI…

Silver: Supply and Demand Part 2, Investment Demand

August 24, 2012
By Chris Mullen, Chief Content Manager

This educational video looks at how and why people invest in silver. While economic, socio-political and psychological forces play a large part in determining the price of silver, it all comes back to the basic principles of supply and demand.

Silver Market Morning

August 24, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,669 up $14.60 on the day. Asia and London took it up slightly to $1,670 ahead of the Fix with the euro slightly weaker at €1: $1.2547. Gold continues its run up against all currencies. Gold was Fixed in London at $1,666.50 and in the euro it was Fixed at €1,329.159. After the Fix and just ahead of New York’s opening, gold was trying to rise again to $1,667.75 in the middle and in the euro to €1,330.47.

Silver Tacks on the "30" Handle

August 23, 2012
By Chris Mullen, Chief Content Manager

Silver needs to close out the week on a strong note to punch through the downtrending resistance line noted on this weekly chart. The ability to put a handle of "30" in front of the price is extremely helpful from both a psychological and technical perspective but a solid trending move is still not yet in the cards until silver can decisively gain the $32.50 level. Even at that, dip buyers should begin making their appearance in this market as the technical posture has changed significantly…

Silver Sector Shrinking

August 23, 2012
By Chris Mullen, Chief Content Manager

It has been a while since we had this nagging feeling that we’re witnessing something profound taking place before our eyes and the market doesn’t seem to grasp it yet. We are not talking about the smorgasbord of events effecting markets all over the globe that is receiving ample coverage elsewhere in the media. As readers might know, our particular interest is in the silver space, and that is where we see an elephant in the room that hasn’t made headlines yet.

Silver Market Morning

August 23, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,654.40 up $17.10 on the day. Asia and London took it higher to $1,666.73 with the euro 92 points stronger at €1: $1.2567. This is gold running up against all currencies but with the euro now. Gold was Fixed in London at $1,662.50 and in the euro it was Fixed at €1,324.068 up €8 on yesterday’s Fix. After the Fix and just ahead of New York’s opening, gold pulled back to $1,658.70 in the middle and in the euro to €1,321.57.

Silver Update

August 22, 2012
By Chris Mullen, Chief Content Manager

The silver chart has formed a big pennant like that of the gold chart. What this indicates is that the silver price will likely make a massive move soon. Technically, this move can be up or down. Note that this update is from my premium service originally published on 6 August 2012.

Silver Market Morning

August 22, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,637.30 up $16.60 on the day. Asia and London took it higher to $1,644 with the euro only 20 points stronger at €1: $1.2470. This is gold running up against all currencies and breaking free from the euro in the process. Gold was Fixed in London at $1,640.50 and in the euro it was Fixed at €1,315.874 up €7 on yesterday’s Fix.

Gold's Little Brother Is Talking

August 21, 2012
By Chris Mullen, Chief Content Manager

Silver seems set to perform well against the dollar, but it also appears to be ready to make gold look like a bit of a slug.Unlike most silver investors, I have no interest in selling silver for “dollars of profit”. I view silver primarily as a currency.Gold is the ultimate currency, and I think silver is best viewed as “gold’s little brother”.I sold silver for gold in the first quarter of 2011, and now it’s time for me to buy silver with gold.

Silver Market Morning

August 21, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,620.70 up $5 on the day. Asia and London initially took it to $1,622 but when the euro moved stronger to €1: $1.2459 up from €1: $1.2360 gold started to rise after the Fix which was set at $1,624.00. In the euro it was Fixed at €1,308.939 slightly down on yesterday. After the Fix and just ahead of New York’s opening, gold ran up to $1,636 in the middle and in the euro to €1,313.42.

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