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Silver Market Updates

Investment Demand is the Real Key to Rising Silver Prices!

December 17, 2012
By Chris Mullen, Chief Content Manager

It is my view at SilverPriceAdvisor.com that the outlook for silver prices in 2013 is simply higher! I say “simply higher” because the trend for silver prices in 2013 will be higher as the year moves on. More importantly I say “simply” because the reasons that will drive silver prices up are very simple to understand. This article outlines a conclusion that I always thought might be the underlying reason for rising silver prices but hadn’t yet come to a final conclusion. It has taken me over…

Silver Market Morning

December 17, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,694.20. While Asian and London dealers moved gold down in line with the euro at the start of the week. Gold Fixed at $1,690.00 down $6.50 on Friday’s a.m. fixing. In the euro it was Fixed at €1,285.269 down €15 while the euro was slightly stronger at €1: $1.3149. Ahead of New York’s opening, gold was $1,691.30 and in the euro at €1,285.43.

Silver Market Morning

December 14, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,697.10 down $14. While Asian dealers were quiet overnight and gold prices held up, in London there was a battle to push them down. Gold Fixed at $1,696.50 $1.75 higher than yesterday. In the euro it was Fixed at €1,297.316 down nearly €2 while the euro was slightly stronger at €1: $1.3077. Ahead of New York’s opening, gold was $1,696.60.00 and in the euro at €1,295.70.

China Playing a Major Role in Global Silver Market

December 13, 2012
By Chris Mullen, Chief Content Manager

China’s role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world’s leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today. Chinese demand for the white metal is expected to achieve further strong growth in the years ahead, according to a report by Thomson Reuters GFMS released today by the Silver…

Silver Market Morning

December 13, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,711.30. But this morning, Asian dealers or speculators prepared to stay up, launched another ‘bear raid’ and drove the gold price down to $1,698 at the quietest time of day. London followed through to push it through $1,700 down to Fix at $1,694.75 down $17.75 on yesterday. In the euro it was Fixed at €1,299.157 down over €16.5 while the euro was slightly stronger at €1: $1.3045. Ahead of New York’s opening, gold was $1,693.00 and in the euro at €1,296.47.

Silver Market Morning

December 12, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,710.00 up $1 on yesterday. This morning, Asian dealers took it higher after which London followed through to take it to $1,715. It then Fixed at $1,712.50 up $2.75 on yesterday. In the euro it was Fixed at €1,315.587 down €2.5 while the euro was slightly stronger at €1: $1.3017. Ahead of New York’s opening, gold was $1,714.35 and in the euro at €1,314.38.

Silver Market Morning

December 11, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,709.10 up $5 on yesterday. This morning, Asian & London dealers held it around that level until it was Fixed at $1,709.75 up $1.25 on yesterday. In the euro it was Fixed at €1,318 down €6 while the euro was slightly stronger at €1: $1.2970. Ahead of New York’s opening, gold was $1,709.4 and in the euro at €1,320.58.

Silver Market Morning

December 10, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,704.10 up $6 on Friday. This morning, Asian & London dealers lifted prices higher to reclaim the $1,710 level. It was Fixed at $1,708.50 up $11.50 on Friday’s Fixing. In the euro it was Fixed at €1,324.111 up €11.5 while the euro was slightly weaker at €1: $1.203. Ahead of New York’s opening, gold was $1,712.60 and in the euro at €1,326.36.

Silver Market Morning

December 07, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,698.00 down $3.6 yesterday as a result of short covering. This morning, Asian & London dealers lifted prices higher to reclaim the $1,702 level. It was Fixed at $1,697.00 up $4 on yesterday’s Fix. In the euro it was Fixed at €1,312.553 up €17.5 while the euro was slightly weaker at €1: $1.2962 and weakening. Ahead of New York’s opening, gold was $1,697.05 and in the euro at €1,309.25.

Silver Market Morning

December 06, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,693.6 down $10 yesterday. This morning, Asian & London dealers pushed prices further down to $1,688 before it recovered to $1,692. It was Fixed at $1,693.00 down $10.00 on yesterday’s Fix. In the euro it was Fixed at €1,295.135 down €8.5 while the euro was slightly stronger at €1: $1.3072 and stabilizing. Three of the five gold bullion members of the Fix were buyers and two sellers. Ahead of New York’s opening, gold was $1,692.15 and in the euro at €1,295.08.

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