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Silver Market Updates

Silver Market Morning

September 05, 2012
By Chris Mullen, Chief Content Manager

London gold closed at $1,695.30 after Fixing in London at the p.m. Fix at $1,697. The euro slipped back in London’s morning to €1: $1.2512 down 0.88 of a cent. London then pulled the gold price back with the euro to $1,689 before the morning Fix. The morning Fix in London was set at $1,689.50 down two dollars and in the euro at €1,349.225 almost the same as yesterday’s p.m. Fix. Ahead of New York’s opening gold stood at $1,691.40 and in the euro at €1,348.37.

Silver Market Morning

September 04, 2012
By Chris Mullen, Chief Content Manager

London gold closed at $1,695 and opened at the same price, with New York enjoying Labor Day. The euro recovered to over €1: $1.26. With the return of New York today the market will be steaming along at full pace. The morning Fix in London was set at $1,691.50 and in the euro at €1,342.247 while the euro stood at $1.2602. Ahead of New York’s opening gold stood at $1,692.77 and in the euro at €1,344.05.

Silver Market Morning

September 03, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,691.80 almost 2% than New York opened on Friday. In London gold opened lower at $1,687 and Fixed at $1,686.00 while the euro stood at 1: $1.2566. With no New York opening today [Labor Day] London dominated the price which stood at $1,688.00 and in the euro at €1,342.67.

Fractal Silver Update

September 02, 2012
By Chris Mullen, Chief Content Manager

The Fractal Silver Chart from the late 70’s is a bit different than today, mostly due to the effect that the deflationary psychology of the current period has had on Silver as a partly “economic metal.”This means that the chart of Silver has been much more volatile, especially in downside corrections compared to the late 70’s charts.The Silver parabola is a less fluid form than the Gold parabola with Silver making sharp vertical rises along the way.

Silver Market Morning

August 31, 2012
By Chris Mullen, Chief Content Manager

The last day of the week precedes the U.S. Labor Day holiday weekend with US markets shut on Monday. Will gold traders want to settle up and book-square before the speech to avoid being caught on the wrong side in a market with low liquidity should Mr. Bernanke surprise the financial markets with a bold statement favoring or quashing further easing prospects or will they see less risk in holding gold positions in the light of his strong statement saying he is ready to ease further if there is…

Silver Market Morning

August 30, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,656.10. London opened at the same and held that level right up to the Fix. The euro is virtually unchanged at €1: $1,2557. The Fix was set at $1,657.00 and in the euro at €1,320.214. Ahead of New York’s opening the gold price stood at $1,655.80 and in the euro at €1,320.31.

Recent Rally in Silver – A Sign of Strength or a Mere Correction?

August 29, 2012
By Chris Mullen, Chief Content Manager

Summing up, a lot has happened in the past several days in the white metal market but not very much has really changed from the medium-term perspective. So silver’s show of strength seen in the above charts is not really a very bullish phenomenon. This is especially true when the overbought RSI levels are considered.

Silver Summit Celebrates Its 10th

August 29, 2012
By Chris Mullen, Chief Content Manager

Cambridge House International's annual Silver Summit celebrates its tenth year Oct. 25 and 26 at the historic Davenport Hotel in Spokane, Washington, with a cavalcade of experts in all things silver and a thousand silver aficionados.

Silver Market Morning

August 29, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,667.20. Traders are driving the market in line with the moves of the euro: dollar exchange rate. The morning Fix was set at $1,664.25 and in the euro at €1,325.040, while the euro stood at $1.2560. Just ahead of New York’s opening, gold was steady at $1,664.26 in the middle and in the euro to €1,325.39.

Silver Price Projection – for 2013

August 28, 2012
By Chris Mullen, Chief Content Manager

An objective and reasonable estimate for the price of silver at the next intermediate peak (estimating 2013 – Quarter 2) is $50 to $60 per ounce (current price is about $28). This is not a prediction based on wishful thinking and hope, but a best estimate based on rational analysis of data stretching back to 1975.

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