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Silver Market Updates

Silver Market Morning: Mar 13 2017 - Gold consolidating against a weaker dollar!

March 13, 2017
By SilverSeek

At the close in Shanghai today, the gold price was trading at 273.0 Yuan, which directly translates into $1,229.71. But allowing for the difference of gold being traded this equates to a price of $1,225.71. This more than $21.31 higher than the New York close and $16.51 higher than London.

Ron Paul: Testimony in Support of Arizona Honest Money Bill, HB2014

March 10, 2017
By SilverSeek

Ron Paul visited the Arizona state Senate Committee on Finance on Wed. March 8, 2017 to testify in support of what he called a "very important" honest money bill, HB2014. "If you want to have liberty and limit the size of government, you have to have honest money," said Paul. The proposed legislation would treat gold and silver as they should be under the Constitution - that is, as money. In doing so, the state would no longer tax "capital gains" on the exchange of federal reserve notes for…

Market Report: Waiting on the Fed

March 10, 2017
By SilverSeek

The bears are quick to point out that $1200 and $17 levels respectively are being breached, and the downtrends are being resumed. This view suits the large bullion banks, which have been running short positions, because it has panicked the managed money crowd into closing their longs on Comex. All this has nothing to do with physical demand, and it is likely that Asians, who are value buyers, are adding to their holdings. Furthermore, the central banks, which tend to buy when physical is…

Silver Market Morning: Mar 10 2017 - Gold consolidating after the Jobs report!

March 10, 2017
By SilverSeek

The demand for gold in Shanghai at the moment is not sufficient to lift its own prices let alone those of New York or London, as we see above. This is in the face of a weakening Yuan. The head of the People’s Bank of China stated that the Yuan exchange rate will remain stable going forward. We are always wary of central bank statements on exchange rates, because history shows that such statements are usually way off the mark.

13 Stunning Visualizations of Silver Put Global Debt Into Perspective

March 09, 2017
By SilverSeek

Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history. For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money”. Even today, silver is still much more widely accessible. With one ounce of gold being 70x more expensive than an ounce of silver, it’s difficult…

Silver Market Morning: Mar 9 2017 - Gold drifting looking for a bottom!

March 09, 2017
By SilverSeek

At the close in Shanghai today, the gold price was trading at 272.01 Yuan once again, which directly translates into $1,224.15. But allowing for the difference of gold being traded this equates to a price of $1,219.15. This is $10.45 higher than the New York close and $14.15 higher than London.

Silver Very Undervalued from Historical Perpective of Ancient Greece

March 09, 2017
By SilverSeek

– What wages in ancient Athens can tell us about the silver price today – Wages paid in silver in ancient Athens compared to wages today – Silver massively undervalued compared to the past few thousand years

More Bad News for the LBMA Silver Price, but an Opportunity for Overhaul

March 08, 2017
By SilverSeek

On Friday 3 March 2017, in a surprise announcement with implications for the global silver market, the London Bullion Market Association (LBMA) informed its members that the current administrator and calculation agent of its recently launched LBMA Silver Price auction, Thomson Reuters and the CME Group respectively, will be pulling out of providing their services to the problematic London-based silver price benchmark within the near future. Thomson Reuters and the CME Group issued identical…

Silver Market Morning: Mar 8 2017 - Gold drifting!

March 08, 2017
By SilverSeek

At the close in Shanghai today, the gold price was trading at 274.02 Yuan once again, which directly translates into $1,234.34. But allowing for the difference of gold being traded this equates to a price of $1,229.34. This is $13.54 higher than the New York close and $16.74 higher than London.

Silver Market Morning: Mar 7 2017 - Gold waiting for the rate hike!

March 07, 2017
By SilverSeek

At the close in Shanghai today, the gold price was trading at 275.50 Yuan once again, which directly translates into $1,242.23. But allowing for the difference of gold being traded this equates to a price of $1,237.23. This is $11.23 higher than the New York close and $13.08 higher than London.

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