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Silver Market Updates

Deutsche Fuels Silver

October 03, 2016
By SilverSeek

Last week, it was the Fed’s magic boosting up the price of silver. This week, the slow slide in the silver price resumed, going all week except during peak fear about the woes of Deutsche Bank. When it looked bleakest—and the potential size of the capital-eating fines was highest—there was a wicked little rally in the metals, spiking silver up from below $19.10 to $19.70 in a few hours. However, the price reversed just as fast, on news of a settlement with the US Department of Justice.

Silver Market Morning: Oct-3-2016 -- Gold and silver struggling at support!

October 03, 2016
By SilverSeek

Once again we see lower prices dominating while Shanghai is on holiday. New York prices dominate when China is closed. The Yuan is now part of the SDR of the IMF, for the Chinese an important step on the way to international acceptability as a global currency. We expect to see its use accelerate from now on. Today’s Yuan exchange rate is merely academics because of the holiday there.

Market Report: Option expiry and Deutsche Bank

September 30, 2016
By SilverSeek

This week, a collapse of Deutsche Bank was openly discussed in the general media, and there are signs that institutional depositors in wholesale money markets have begun to minimise their exposure. The result is that DB’s shares on Wall Street last night dropped 7% into new low ground and continued this weakness overnight (Thursday/Friday) into the Frankfurt opening in heavy volume.

Silver Market Morning: Sep-30-2016 -- Gold and silver hold at support!

September 30, 2016
By SilverSeek

Look at the difference between New York’s close and Shanghai’s p.m. fix! With the Yuan becoming one of the currencies in the SDR tomorrow we are closely watching to see if there is any change in a range of Chinese activities. Many feel that the Yuan has done little internationally so far, so why should it change now? We feel, as you know, that China has been holding back until this moment came. From now on we will see the action in the currency, etc. going forward.

Silver Market Morning: Sep-29-2016 -- Gold and silver hold at support!

September 29, 2016
By SilverSeek

It is ironic that central bankers continue to hold huge stocks of gold as they fear the same dangers both from their own behavior and that of other bankers. It is this that leads us to conclude that if confidence is massively lost in the financial system, governments will assume control over cash, silver and gold. With their being no likelihood of a change in the morality of bankers, it is inevitable that at some point in the future, governments through their central bankers will assume total…

2017: Gold and Silver's Year of "Public Recognition"

September 28, 2016
By SilverSeek

Late August into September ushered in an intermediate and much needed correction to the year's blistering uptrend for the metals and miners. If you believe, as we do, that the new bull run for gold and silver has at least several more years to run, then going against your emotions and adding to your position – or starting a new one – is the right thing to do.

Silver Market Morning: Sep-27-2016 -- Gold and silver still building strength!

September 27, 2016
By SilverSeek

For gold investors and macro-economic followers, the issues seem to be simpler. We have had for several years now a government that was gridlocked [emasculated?] as regards taking effective action. A Clinton Presidency would continue that [good for gold prices]. A Trump Presidency would remove that and give power to ‘government’ to act decisively once more. We see a large potential for globally divisive policies [good for gold prices too] under such a presidency.

Silver Market Morning: Sep-26-2016 -- Gold and silver building strength!

September 26, 2016
By SilverSeek

Since the last announcement from the Bank of Japan, where little was changed, Mr. Kuroda of the bank has spoken in such a way as to encourage a weaker Yen, saying he would venture further into negative interests rates should the need arise. It had little impact on the dollar: Yen exchange rate. In the E.U. Draghi is being more forthright and calling for governments to implement structural reforms to spur growth. We doubt member state governments are listening let alone planning to do anything,…

Market Report: Weak policies equal higher gold prices

September 23, 2016
By SilverSeek

Gold and silver had begun to rally ahead of the interest rate announcements, and following the Fed’s on Wednesday night, gold jumped 2%, and silver by 4%. Silver in particular has had a good week, with the dollar price rising from a low of $18.78 to a high yesterday (Thursday) of $20.07, up nearly 7%. This morning it had eased to $19.80 in early European trade. Gold rose from a Monday low of $1309.5 to a high of $1343.7 yesterday, a rise of 2.6%.

Silver Market Morning: Sep-23-2016 -- Gold and silver challenging overhead resistance!

September 23, 2016
By SilverSeek

Looking back over the week, we have seen overall U.S. demand for the shares of U.S. based gold ETFs strong and sales standing back waiting to see where gold prices will go from here. A critical question to ask is, “Have the major sellers exited the market?” If they have we could see decisive action from physical gold demand ahead.

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