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Silver Market Updates

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.

Silver Market Morning

October 30, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,709.00 down $3. This morning, Asia and London dealers were lifting it back through $1,712 area. It then Fixed at $1,713.50 and in the euro at €1,322.655 down €4 while the euro was at €1: $1.29.55. Ahead of New York’s opening gold stood at $1,712.31 and in the euro at €1,323.61.

Silver Market Morning

October 29, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,712.00 down 70 cents. This morning, Asia and London dealers are pull it back through $1,714 area. From there it hovered around $1,712 in line with the euro’s moves and then Fixed at $1,712.00 up $8 on Friday and in the euro at €1,326.720 up €10 while the euro was at €1: $1.29.04 weaker than Friday’s over €1: $1.30+. Ahead of New York’s opening gold stood at $1,712.31 and in the euro at €1,326.75.

Profiting from Silver Mining in the Age of Resource Nationalism

October 28, 2012
By Chris Mullen, Chief Content Manager

Resource nationalism is becoming a growing problem for many mining companies. In this exclusive interview with The Gold Report, Sean Rakhimov, editor of SilverStrategies.com, shares his insights for safely investing in silver mining companies in a volatile world.

Silver Market Update

October 28, 2012
By Chris Mullen, Chief Content Manager

The intermediate top in silver was called several weeks back in the last update. We had expected it to plunge, but instead into went into a more orderly steady decline, its measured rate of decline thus far being due to the fact that the dollar has not entered into a new uptrend – yet.

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