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Silver Market Updates

Silver Market Update

July 02, 2012
By Chris Mullen, Chief Content Manager

Much of what is written for the Gold Market update applies equally to silver, so it will not be repeated here. There are, however, some important differences that we will focus on here, which suggest that silver now has really big upside potential from this point, despite its comparatively anemic reaction on Friday to the news out of Europe, compared to other commodities.

The Silver Two Year Cycle Continues

July 02, 2012
By Chris Mullen, Chief Content Manager

In 2007, I identified the silver price surges of 2003 and 2005 as a possible repeating pattern, and I guessed that buying silver in the summer of 2007 and selling it in the following spring could produce substantial profits. That proved to be a good call and timely too, since silver bottomed only a few weeks later and then moved sharply higher into the spring of 2008 that I identified as a good time to sell. Unfortunately, I also guessed that the following up cycle would be from the summer of…

Silver rallies, but set for hefty drop on quarter

June 29, 2012
By SilverSeek

Silver futures led the rally among major metals Friday, but it was still poised for a loss of around 16% for the quarter.

Silver Market Morning

June 29, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,557 and the picture looked glum. Ahead of London’s opening gold had jumped ton $1,570, while the euro jumped strongly to €1: $1.2589 from $1.2450, 140 cents higher. The gold Fix was set at $1,569.50 the same as yesterday and in the euro €1,258.50. Ahead of New York’s opening, gold jumped to $1,584.00 and in the euro, €1,257.64 while the euro was at €1: $1.2595.

Silver Market Morning

June 28, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,573 again. London moved down only slightly to $1,569, while the euro weakened slightly to €1: $1.2450, 50 cents lower. The gold Fix was set at $1,567.75 the same as yesterday and in the euro €1,261.466, €6 higher. Ahead of New York’s opening, gold stood at $1,571.30 and in the euro, €1,260.97 while the euro was at €1: $1.2461.

Silver and Gold coin sales from national Mints fall in Q1

June 26, 2012
By SilverSeek

Silver American Eagle coin sales from the U.S. Mint also fell by 18 percent to 10.139 million ounces in the first quarter. Demand for silver coins and medals hit a record high at 118.2 million ounces last year, according to GFMS.

Silver Market Morning

June 25, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,572. London opened at the same level, but as the euro slipped slightly it slipped marginally too, but then recovered ahead of the Fixing in London to Fix at $1,569.00 and in the euro at €1,256.406 almost the same as Friday’s level. Ahead of New York’s opening gold stood at $1,570.30and in the euro, €1,257.25 while the euro was at €1: $1.2490.

Silver ends at lowest since November 2010

June 22, 2012
By SilverSeek

Silver’s drop, however, made gold’s decline look like a sneeze. Silver settled at its lowest since November 2010, amassing losses of 7.2% on the week. Analysts at VTB Capital said in a note to clients the ratio between gold and silver was at a level last seen in October 2010.

Silver COT Report - June 22, 2012

June 22, 2012
By SilverSeek

Silver COT Report - June 22, 2012.

Silver coins hot up in India as gold sales weaken

June 22, 2012
By SilverSeek

With gold prices too hot for many in India, silver has regained its sheen. Sales of silver coins are soaring in India, with most consumers buying silver coins which herald good luck and prosperity. Gold, on the other hand, has hit several highs in the last couple of days, deterring buyers from the precious metal. Delayed monsoons in India have all but grounded sale of gold too. In rural India, sales of the yellow metal are closely linked to monsoon, since good rains that bring on a rich…

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