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Silver Market Updates

Silver Market Morning: April 24 2017 - Battling on support at $1,270!

April 24, 2017
By SilverSeek

The Shanghai Gold Exchange was trading at 285.00 towards the close today. This translates into $1,282.23. New York closed at a $3.67 premium to Shanghai’s Friday close. London opened at a discount of $11.03 after hearing the results of the French elections. As you can see Shanghai has been remarkably stable over the last few days as the international scene has produced a lot of action.

Market Report: Explosive moves in the wings?

April 21, 2017
By SilverSeek

Gold and silver peaked on Monday, when much of Europe (including London) was closed for the Easter Monday holiday. Prices then eased to a low point mid-week before moving sideways. Gold peaked at $1295.5 before trading as low as $1274, and this morning in early European trade it was at $1280. Silver peaked at $18.66 before ending up at $18.00. This makes gold up 11.06% on the year so far, and silver up 13.87%. Silver is lagging gold badly, and based on its normal relative volatility should be…

Silver Market Morning: April 21 2017 - Gold consolidating below $1,300!

April 21, 2017
By SilverSeek

All three global gold markets are in line with each other. At this moment in time, we don’t see that the three are leading or following each other, but the closeness of prices tells us that arbitrageurs are doing a very professional job of smoothing out the gold markets across the world. New York closed $1.44 below Shanghai’s closing yesterday and today. London opened at a $1.46 discount to Shanghai in line with New York. This is the closest we have ever seen them.

Silver, Platinum and Palladium as Investments – Research Shows Diversification Benefits

April 21, 2017
By SilverSeek

– Silver, platinum and palladium see increased role as investment vehicles – Increase in academic output on the white precious metals is in line with this – Silver and particularly gold are safe haven assets – Silver was a safe haven at times during which gold failed to be – Platinum and palladium less so but have diversification benefits

Silver Market Morning: April 20 2017 - Gold still building strength below $1,300!

April 20, 2017
By SilverSeek

Shanghai continues to lead the way in the gold markets, barely changing its prices over the last two days, despite very heavy buying in New York into the U.S. based gold ETFs and the dollar weakening. We feel it is important to factor the current dominance of Shanghai’s pricing of gold over that of London and New York. In line with this, we expect Shanghai to exert an upward pull on New York and London’s prices for the rest of this week.

Silver Market Morning: April 19 2017 - Gold building strength below $1,300 still!

April 19, 2017
By SilverSeek

Shanghai led the way lower today taking London back to the mid-$1,280 area again. To us this was important as it confirms the price dominance of Shanghai over London. If New York gold prices rise today without any specific news to cause that, then it will be an attempt to reclaim price dominance. If not then Shanghai will show its overall, dominant, pricing power.

Silver Likely To Rise In A Concentrated Manner

April 19, 2017
By SilverSeek

Furthermore, it appears to be the first time that these ideal economic conditions, for a rise in silver, align in such a timely manner; in particular, the bottom in interest rates, the peak in stock markets, as well as the coming collapse of the monetary system. Potentially all of these events can happen within a two to three-year period.

Silver Market Morning: April 18 2017 - Gold building strength below $1,300!

April 18, 2017
By SilverSeek

The Shanghai Gold Exchange was trading at 286.00 towards the close today. This translates into $1,286.84. New York closed $3.04 below Shanghai’s closing. London opened at a $0.00 discount to Shanghai. This left all three markets almost in line with each other, which is further testament to the ability of arbitrageurs to smooth out market differences. This is the first time we have seen a zero discount to London prices. It tells us that the gold price is going higher soon!

Econ 101 -- Silver Market Manipulation

April 17, 2017
By SilverSeek

It should also be noted that this increase of 38,392 contracts represents the creation of 191,960,000 ounces of virtual/digital silver. Again, The Shills and Apologists will claim that "this is simply producer hedging" or that all is fine because "there's a levered long for every levered short". But how is any of this relatable to the physical price of silver when derivatives representing 20% of total annual mine supply can simply be conjured up from thin air and supplied to money managers and…

Market Report: Fear taking over

April 14, 2017
By SilverSeek

Last week’s market report concluded that with the Syrian situation deteriorating the outlook for the price of gold had rarely been better. Gold and silver have certainly risen, as our introductory chart indicates. Gold in European morning trade was up $34 from last Friday’s close at $1287, and silver up from $18.00 at $18.57. This is a short week given tomorrow’s Good Friday holiday, and with geopolitics taking centre-stage, traders are likely on balance to close short positions today,…

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