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Silver Market Updates

Silver Market Morning: April 27 2017 - Gold building strength below $1,300!

April 27, 2017
By SilverSeek

The big event in the U.S. was the publication of the new U.S. Tax Code proposed by the Trump administration. While it was in line with his election promises, it has a long way to go before it is law. The market barely reacted to the event. There are doubts as to whether it will pay for itself as it relies on creating growth to generate additional income on which a similar amount of tax revenue will be achieved as is achieved today. Trump’s target is to also create ‘millions of jobs’ through…

Silver Market Morning: April 26 2017 - Gold is slpping through support!

April 26, 2017
By SilverSeek

President Trump is due to announce the changes in Tax rates he proposes, today. But these will not be implemented for some months still. Meanwhile his policy progress is being interfered with once again as the government’s funding appears to be back on the table as a negotiating tool, this weekend. Will we see a government shutdown?

Silver: Money of the People

April 26, 2017
By SilverSeek

Over the past few weeks a number of new silver coins have come online and I wanted to bring them to your attention. If you recall at the end of 2016 I wrote several articles about the more “collectible” silver coins that are available to anyone that is willing to take a chance on some really beautiful coins. The one coin that stands out from the earlier series is the America the Beautiful “Hawaii Volcanos” coin. It now commands a massive premium to spot and people are more than willing to pay…

Silver Price Management

April 25, 2017
By SilverSeek

If the entire world only produces 880,000,000 ounces of silver per year...and if 75% of that silver is consumed through the production of cell phones, solar panels and other items...then how do The Banks manage price off of the remaining 220,000,000 ounces? The answer: Alchemy.

Silver Market Morning: April 25 2017 - Battling on support around $1,270!

April 25, 2017
By SilverSeek

The policy of the PBoC against speculation has now been extended to the equity markets. The application of this new policy caused the Shanghai equity market to fall back heavily. But once it has found its new non-leveraged floor it will be far more stable. As you can see the PBoC is not tolerating speculative pressures on the financial markets, unlike the developed world. The main speculators in the west are the banks, but in China these institutions are firmly under the control of the central…

Silver’s… Comeback and Other Important Signals

April 24, 2017
By SilverSeek

The most prominent action in the precious metals market that we saw last week, took place in silver – the white metal closed the week below the important long-term support/resistance line, thus invalidating the previous breakout. However, there’s more to the precious metals market than just the action in silver. In today’s free gold analysis, we discuss both the developments in silver and other factors.

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

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