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Silver Market Updates

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…

Silver Market Morning

June 21, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,606.40 down $13. The Fixing in London today was set at $1,600.00, stronger than expected. In the euro it was set at €1,261.$432. Ahead of New York’s opening gold stood at $1,600and in the euro, €1,269.96 while the euro was at €1: $1.2681, only slightly weaker.

Silver Market Update

June 20, 2012
By Chris Mullen, Chief Content Manager

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a…

Silver Market Morning

June 20, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,619.6 ahead of the Fed’s FOMC meeting today. The Fixing in London today was set at $1,618.75. In the euro it was set at €1,274.807 €17 down. Ahead of New York’s opening gold stood at $1,611.32 and in the euro, €1,269.96 while the euro was at €1: $1.2688.

Silver Market Morning

June 19, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,627.40. The Fixing in London today was set at $1,628.50. In the euro it was set at €1,291.743. Ahead of New York’s opening gold stood at $1,631.00 and in the euro, €1,293.73 while the euro was at €1: $1.2607.

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