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Silver Market Updates

Silver Market Morning

Gold closed in New York at $1,562.10 down $2.70 and in London’s early morning fell to $1,560.60 the same as yesterday. The euro stood at €1: $1.2364 another 30 cents lower than yesterday. Gold Fixed at $1,552.50 down $15 and in the euro at €1,259.370 down €3. Ahead of New York’s opening gold stood at $1,552.15 and in the euro, €1,259.45 while the euro was at €1: $1.2324.

Silver Market Morning

Gold closed against the flow of the euro, in New York at $1,564.80 and in London’s early morning fell to $1,560. The euro stood at €1: $1.2397 another 75 cents lower than yesterday. It continued to fall in London. Gold Fixed at $1,567.50 up $19 and in the euro at €1,262.077 up €17. Ahead of New York’s opening gold stood at $1,566 and in the euro, €1,261.89 while the euro was at €1: $1.2410.

Silver Market Morning

Gold closed well down in New York at $1,558.80 and in London’s early morning fell further to $1,550. The euro was the cause as it fell to €1: $1.2472 another 50 cents lower. It continued to fall in London. Gold Fixed at $1,548.75 down $25 and in the euro at €1,244.976 down €11. Ahead of New York’s opening gold stood at $1,549 and in the euro, €1,244.27 while the euro was at €1: $1.2449.

Silver Market Morning

Gold closed higher at $1,575.40 and in London’s early morning rose to $1,577.80. The euro was slightly weaker in London at €1: $1.2539 50, cents lower. It Fixed at $1,573.75 and in the euro at €1,255.666. Ahead of New York’s opening gold stood at $1,572.30 and in the euro, €1,254.93 while the euro was at €1: $1.2529.

Silver Market Morning

New York closed higher at $1,559.50 and in London’s early morning rose to $1,563.55. The euro was slightly stronger in London at €1: $1.2582. It Fixed at $1,560.50 and in the euro at €1,240.658. Ahead of New York’s opening gold stood at $1,560.32 and in the euro, €1,240.26 while the euro was at €1: $1.2582.

Silver Market Morning

New York closed higher at $1,561.20 and at London’s early morning fell back to $1,556. The euro was weaker at the time London at €1: $1.2560 before holding that level at €1: $1,2562. It Fixed at $1,558.50 and in the euro at €1,239.265. Ahead of New York’s opening gold stood at $1,562.00 and in the euro, €1,242.14 while the euro was at €1: $1.2575.

Silver Market Update

The patterns forming in gold and silver are remarkably similar, and much of what has been written in the parallel Gold Market update applies equally to silver, so it will not be repeated here. The big question is "has silver finally bottomed?" - that is the question that we are going to attempt to answer in this update.

Silver Market Morning

New York closed higher at $1,593.00 and at London’s early morning fall back to $1,578. The euro was stronger at the time London at €1: $1.28 before falling back to €1: $1,2776. It Fixed at. The euro was weaker at €1: $12770, where it was when the morning Fixing took place. In the dollar it Fixed at $1,575.75 and in the euro at €1,233.947. Ahead of New York’s opening gold looked almost the same at $1,575.50 and in the euro, €1,235.67 while the euro was at €1: $1.2750.

Silver Market Morning

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

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