loading
loading

Silver Market Updates

Silver Market Morning: Dec 15 2016 - Gold and Silver thumped by Fed statement!

December 15, 2016
By SilverSeek

Shanghai prices held $33.94 higher levels than prices in New York. London opened at a higher discount to Shanghai of $39.74. In the last day London and New York gold prices have dropped in the dollar around 11% whereas Shanghai gold prices in the Yuan have dropped only 0.5%. This is an important point, we feel pointing to volatility in London and New York continuing then doing so both ways. i.e. Shanghai is implying that gold prices are falling too far too fast, despite the rising dollar.

David Morgan on a Better Year Ahead and the Silver Fix

December 14, 2016
By SilverSeek

On election night, gold surged nearly 5 percent–its biggest single-day gain since June 2016. But when Trump took to the stage a few hours later, the price of gold plunged to $1,302.42. Gold dropped even further to $1,217.25 on a stronger US dollar and an anticipated Federal Reserve interest rate hike in December.

Silver Market Morning: Dec 14 2016 - Gold and Silver waiting for the Fed?

December 14, 2016
By SilverSeek

It is again reported that the requirement for importing gold into China is a ‘licence for each batch’ of gold imported. Yes, the PBoC can restrain these licenses to limit imports, but it is unlikely that they would hold back such licenses. There is no confirmation of the refusal to issue licenses by the PBoC to gold importers, so we would question such control until there is evidence.

Silver Manipulation In Detail

December 13, 2016
By SilverSeek

Nick Laird and his service, GoldCharts 'R' Us, has long been an ally in the battle against Bank precious metals manipulation. In light if the recent revelations from Deutschebank, Nick has compiled some of the data into charts that you simply MUST take the time to review. Nick's tremendous service can be found at his website: http://www.goldchartsrus.com He has a subscription component that helps him to pay the bills but he also churns out free information and charts on a regular basis. It is…

Silver Market Morning: Dec 13 2016 - Gold and Silver starting to bounce?

December 13, 2016
By SilverSeek

The fall in the gold price halted yesterday as the volume of sales from U.S. based gold ETFs became small. We have not seen a rally since the gold price broke down through $1,210 so one is overdue. But we expect to see no change in trend until the ‘honeymoon’ with Trump is over. That could be early in his Presidency as he is alienating his own party as well as many nations across the world. Until then, while we are seeing a bear market in bonds, a bear market in equities is yet to begin. When…

Silver Market Morning: Dec 12 2016 - Gold and Silver break down again!

December 12, 2016
By SilverSeek

While Shanghai prices fell, they did not follow New York leaving New York at a higher discount to Shanghai of $29.21. London opened at a higher discount to Shanghai of $33.21. This further emphasizes that the two markets are structurally different to each other. The physically settled Shanghai transactions and the paper transactions of New York and London. The London OTC [over the counter] markets is one where well over 95% of transactions are closed out before maturity.

Market Report: Gold steadies

December 09, 2016
By SilverSeek

Today gold is unchanged from last Friday’s close at $1170 and silver is up 34 cents at $17.10, in mid-morning European trade this morning. However, bearish commentary is increasing, with increasing numbers of know-it-alls always ready to dream up stories as to why gold has fallen, and why it will collapse further. While no one knows future prices, when increasing numbers of ill-informed commentators profess to, it can usually be taken as a contrary indicator, rather like an oversold index. So…

CONFIRMED: Banks Rigging Silver Market

December 09, 2016
By SilverSeek

According to the plaintiffs, records surrendered by Deutsche Bank show traders and submitters coordinating trades in advance of a daily phone call, manipulating the spot market for silver, conspiring to fix the spread on silver offered to customers and using illegal strategies to rig prices.

Silver Market Morning: Dec 9 2016 - Gold and Silver holding their ground!

December 09, 2016
By SilverSeek

Shanghai prices moved lower today despite more gold ETF selling in New York. Prices in Shanghai were $20.00 higher than New York and $22 above London’s opening [allowing for the difference in the quality of gold priced in the different markets]. With lower Shanghai prices and a weaker Yuan the story that government restraints on the import of gold appear to be ‘not credible’. The continuation of the very high discounts levels to Shanghai prices argue for U.S. gold sold to be arriving in China…

CASE CLOSED: The Fact of Bullion Bank Gold and Silver Price Manipulation

December 08, 2016
By SilverSeek

Back in April, the Cartel Shills and Apologists attempted to minimize the news that a settlement had been reached regarding a "nuisance lawsuit" alleging price rigging in gold and silver. As we told you at the time and on many occasions since, this case is instead quite significant and very important. The latest update on the case, released late yesterday, sheds more light upon what we've always known was taking place behind the scenes in the "free and fair precious metals markets".

Subscribe to Silver Market Updates

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!