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Silver Market Updates

Silver Market Morning

May 08, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,638.70. Asia then took the price down to $1,627 early in London’s morning. The euro remarkably has held above €1: $1.30 at €1: $1.3032 leaving gold in the euro at €1,248.47 down €10 on yesterday. The Fixing in London today was set at $1,627.00 and in the euro at €1,250.769. Ahead of New York’s opening it continued to slip to stood at $1,625.00 and in the euro, which also continued to slip, €1,249.66 while the euro was at €1: $1.3003.

Silver Market Morning

May 07, 2012
By Chris Mullen, Chief Content Manager

After a weekend of critical European elections the gold price started the week in Asia lower at $1,638 lower in the dollar [-$3] but higher in the euro at just below €1: $1.30 then recovered. In the euro the gold price stood at €1,260 up €20 just ahead of London’s opening. There is no Fixing in London today as it is a public holiday. Ahead of New York’s opening it stood at $1,641.25 and in the euro €1,258.53 while the euro was at €1: $1.3041.

Silver COT Report: May 4, 2012

May 04, 2012
By SilverSeek

Silver COT Report - May 4, 2012

CME members win 90-day reprieve from higher margin rules

May 04, 2012
By SilverSeek

The CME Group was granted a 90-day reprieve from imposing new rules that will hike margins for some exchange members by as much as a third, one day after news of the increase riled locals and roiled markets.

The Silver Bull Market Is Over?

May 04, 2012
By Chris Mullen, Chief Content Manager

Is the Silver Bull Market Over? This is one question that we feel very confident that the answer to it is no; but still we are specifically watching for articles or news stories suggesting that the precious metals bull market is over. We have seen a few articles announcing the end of the metals bull market and we will explain why this is significant to us later in this article. But first, there are a host of reasons why we think the bull market in precious metals is alive and well and we…

Silver Market Morning

May 04, 2012
By Chris Mullen, Chief Content Manager

New York closed Thursday at $1,637.10 and slipped in Asia and London to $1,633 ahead of London’s opening. The euro was slightly stronger at €1: $1.3141. Gold Fixed it at $1,629.50 down $13 and in the euro at €1,240.201 down €11.5, while the euro stood at €1: $1.31239.

Silver Market Morning

May 03, 2012
By Chris Mullen, Chief Content Manager

New York closed Wednesday at $1,653.60 and slipped in Asia and London to $1,643.55 ahead of London’s Fixing. The euro was weaker from the start at €1: $1.3129 nearly a full cent weaker. Gold Fixed it at $1,642.50 down $10 and in the euro at €1,251.238 down €6.5, while the euro stood at €1: $1.3127. Ahead of New York’s opening it stood at $1,644.25 and in the euro €1,251.71 while the euro was at €1: $1.3136. Silver was$30.65 at the close in New York but opened in London at $30.41. Ahead of…

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April 30, 2012
By SilverSeek

Follow SilverSeek.com on Twitter: @SilverSeekcom | SilverSeek.com Wire: @SilverSeekWire

Critical Factors that will Impact Silver

April 30, 2012
By Chris Mullen, Chief Content Manager

The fundamentals for silver today are even better than they were last year when its price and sentiment were higher. Nevertheless, consumer affinity for precious metals has turned rather pessimistic presently. This may be indicated by those who see a rise in the COMEX silver inventories as well as a drop-off in Silver Eagle purchases. Furthermore, our favorite so-called precious metals analysts (more like Bears in a Bull’s skin) have come out of the woodwork to rub it in that the “GOLD BULL…

What Good is it if you Can't Spend It?

April 26, 2012
By Chris Mullen, Chief Content Manager

Buying silver and gold today will likely be better than buying Microsoft or Apple stock way back when they first came out, and this article addresses the fundamental reasons why. People often ask, "What good is silver or gold if I can't spend it?" But that's exactly why we all should buy it! Low monetary demand means silver and gold are still cheap and undervalued liquid assets that investors should crave.

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