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Silver Market Updates

The Bullish Case for Silver and Even More Bullish Case for Silver Stocks

November 06, 2012
By Chris Mullen, Chief Content Manager

We summarized our previous commentary on gold and the US Presidential Elections by stating that based on Friday’s decline, it seems that the bottom in the precious metals sector might have just been reached. Based on today’s rally in gold and silver, it seems that it was really the case.

Silver Market Morning

November 06, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,684.10 down nearly $37.00. This morning, Asia and London dealers lifted it back over $1,690 before it rose to Fix at $1,691.75 and in the euro at €1,321.576 while the euro was much lower at €1: $1.228.04. Ahead of New York’s opening gold stood at $1,693.25 and in the euro at €1,322.44.

Silver ETF Impact 3

November 02, 2012
By Chris Mullen, Chief Content Manager

Silver is no doubt tiny on the grand commodities scale. But its attractiveness, spearheaded by a 1000%+ bull-to-date gain to its latest high, has spawned a wide range of products for investors to partake in. And one of the most unique and powerful is the SLV iShares Silver Trust ETF.

GoldCore Comments on Silver

November 02, 2012
By Chris Mullen, Chief Content Manager

Gold inched down near $1,700/oz on Friday after a drop through its support level at $1,710-$1,712 initiated stop loss selling. The Nonfarm Payroll number for October is released at 1230 GMT. 125,000 are expected for Nonfarm Payrolls, while the Unemployment Rate number is expected at 7.9%. Better than expected employment data could be negative for gold as it may rescind additional QE from the US Fed.

Silver Market Morning

November 02, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,713.70 down $7.50. This morning, Asia and London dealers were again moving the gold price alongside the euro and took it down further to $1,709.5 before it was Fixed at $1,708.25 down $15 and in the euro at €1,325.766 down €5 while the euro was slightly lower at €1: $1.2885. Ahead of New York’s opening gold stood at $1,709.30 and in the euro at €1,326.74.

Silver Market Update

November 01, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,721.20 up nearly $12.00. This morning, Asia and London dealers held it at that level before it rose to Fix at $1,723.25 up $5.00 and in the euro at €1,330.592 up €9 while the euro was slightly lower at €1: $1.2960. Ahead of New York’s opening gold stood at $1,723.25 and in the euro at €1,328.69.

Silver Stocks vs. Palladium

October 31, 2012
By Chris Mullen, Chief Content Manager

Before making any investment decision it’s usually good to look at the situation from different perspectives and make sure that the action that you are about to take is really justified. In fact, the same is the case with any other decision as well. In the precious metals market the analysis of gold is usually supplemented by the analysis of silver and gold stocks. At times, analysts focus on other markets that often influence metals: currencies and the general stock market.

Silver Market Morning

October 31, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,709.50 up $0.5. This morning, Asia and London dealers drove it higher through the $1,712 area then higher. It then Fixed at $1,718.00 up $4.50 and in the euro at €1,321.538 down €1 while the euro was higher at €1: $1.3000. Ahead of New York’s opening gold stood at $1,719.25 and in the euro at €1,323.61.

Gold Seasonals & Stochastics

October 30, 2012
By Chris Mullen, Chief Content Manager

At this point in time, silver looks at least as good as gold, and probably better. While I don’t subscribe to the view that silver can outperform gold over the length of this crisis, it’s still a superb asset to hold, and I was a buyer of a “player’s position” last week.

The History of Silver (Part 1)

October 30, 2012
By Chris Mullen, Chief Content Manager

Today, silver has thousands of modern industrial uses and is considered a store of wealth. However, the story of this legendary precious metal begins with its use by ancient civilizations. Silver has many attributes that made it so valuable to early peoples. It is malleable, ductile, lustrous, resilient, antibacterial, and rare. It was used to purify water and for ornate artwork – but more importantly it was perfectly suited to be a currency.

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