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Silver Market Updates

Silver Market Morning: Jan 25 2017 - Gold and Silver consolidating!

January 25, 2017
By SilverSeek

Shanghai was trading today around 268.75 Yuan or in dollars, at today’s exchange rate, $1,215.58. The dollar was stronger across the board, as well as against the Yuan. With only two more trading days before the celebration of the ‘Year of the Rooster’ begins we may well see last minute buying or a tapering off of demand. It is impossible to forecast which.

Silver Market Morning: Jan 24 2017 - Gold and Silver consolidating!

January 24, 2017
By SilverSeek

Shanghai was trading today just above 270 Yuan or in dollars, at today’s exchange rate, $1,226,15 having touched nearly 272 during the day. The dollar is only slightly weaker across the board, as well as against the Yuan. New York, Monday, closed in line with gold prices in Shanghai earlier in the day, before New York opened. This is a first, as New York climbed up to Shanghai’s levels despite an over 2 tonne sell-off from the SPDR gold ETF.

Alasdair Macleod: Silver, Gold and Commodities in 2017

January 23, 2017
By SilverSeek

China launched the One Belt One Road (OBOR) project 5+ years ago and made their first rail delivery in February 2016. China has been stock piling commodities, especially base metals, like copper and steel, for the past 2+ years in order to produce all the finished goods necessary to construct the largest infrastructure the world has ever seen. In 2016 we witnessed close to a doubling of the market price for iron ore and Alasdair sees this trend continuing into 2017.

Silver Market Morning: Jan 23 2017 - Gold and Silver rising against the dollar!

January 23, 2017
By SilverSeek

New York, on Friday closed at only a $4.60 discount to prices in Shanghai on Friday and London opened on Monday $12.00 higher than Shanghai. Shanghai is, once again driving prices despite the stronger Yuan against the dollar. It demonstrates that gold is rising against all currencies today and in all gold markets.

Market Report: Bear squeeze continues

January 20, 2017
By SilverSeek

This week saw some consolidation of the rise in gold and silver prices since the start of the year. This is hardly surprising, because in four weeks, gold has risen from an intraday low of $1122.9 through $1200 with very little consolidation. Therefore, to tick back from $1219 to find support at the $1200 is only to be expected.

Silver Market Morning: Jan 20 2017 - Gold and Silver consolidating around $1,200!

January 20, 2017
By SilverSeek

Some may feel that because London is the main physical market in the developed world it supplies China exclusively. Yes, the world’s main bullion banks are based in London, but they operate in both centers. Their hold over supply is far less than most believe. For instance the Rand Refinery in Johannesburg South Africa will sell to any buyer including the Chinese directly. It does not have exclusive agreements with the world’s main banks, as it had in 1974 with the three main Swiss Banks [the …

Silver Market Morning: Jan 19 2017 - Gold and Silver consolidating over $1,200!

January 19, 2017
By SilverSeek

Shanghai continues to trade over 271 Yuan holding its ground. The reason for the fall in dollar prices was a strengthening of the U.S. dollar. In the last month the Yuan gold price has gone from 259 to 272 with the gold price in Yuan. We stated yesterday that, “if pricing power does reside in Shanghai as it has done in the last fortnight the Yuan price of gold will either hold or rise in the Yuan.” It has held these levels.

Silver Market Morning: Jan 17 2017 - Gold and Silver moving higher with a lower $!

January 17, 2017
By SilverSeek

Chinese investors know the Yuan will continue to fall and are protecting themselves against this. While the People’s Bank of China has been selling dollars to lift the Yuan over the last week, we doubt they will keep doing this after President Trump as of the 20th January takes office. China is preparing for a confrontation with him. We therefore see the Yuan continuing to weaken in 2017 and Chinese demand to remain robust, despite Xi’s plea not to go to a trade war and keep markets free at…

Keith Neumeyer: Damage Inflicted by Precious Metals Manipulation Is in the “Multi Billions”

January 16, 2017
By SilverSeek

It is my privilege now to bring in Keith Neumeyer, founder and CEO of First Majestic Silver Corp, one of the top silver mining companies in the world. Keith has an extensive background in the resource and finance sectors and has also been an outspoken voice about the manipulation that has been occurring in the futures market pricing of silver.

Silver Market Morning: Jan 16 2017 - Gold and Silver correcting, U.S. buying!

January 16, 2017
By SilverSeek

Shanghai gold prices, having corrected on Friday, are, again, moving higher in Shanghai touching 270.1 Yuan or $1,211.1 in today’s trading [using the same quality of gold]. It is always tempting to make prices simple to understand even if it means attributing any moves in the gold price to any handy piece of news locally. But that would be misleading. Chinese prices are rising because of Chinese market conditions, not because of Trump’s latest tweet.

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