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Silver Market Updates

Silver Market Morning: Feb 15 2017 - Gold not moving except to adjust to exchange rates!

February 15, 2017
By SilverSeek

Shanghai was trading at 273.34 Yuan towards the close today. This equates to $1,238.40, but allowing for the different quality of gold being traded [.9999 fineness] and on today’s exchange rate, to align it with New York and London prices it equates to $1,233.41. LBMA price setting: The LBMA gold price was set today at $1,225.15 down from yesterday’s $1,229.65.

Another Unique Blow-Off Factor

February 14, 2017
By SilverSeek

The world’s foremost silver analyst Theodore Butler has done it again. He has elaborated another bullish factor so powerful it screams at us to buy silver. As you know, Mr. Butler is the supreme expert on futures trading in silver. The reason that this knowledge is so important is because the COMEX is the primary place where silver prices are set. Forget about China, the dollar, the economy or whatever reason the media reports. Billion dollar banks, hedge funds and computerized trading monolith…

Silver Market Morning: Feb 14 2017 - Gold consolidating but U.S. gold ETF investors buying big!

February 14, 2017
By SilverSeek

Today sees Shanghai closed today, removing the Shanghai influence on the gold price. In the Chinese vacuum, western gold markets are using the opportunity to pull gold prices lower on a day when the dollar is slightly stronger but not sufficient to make the gold price fall. Hence, we see today as a day when we could see bargain hunters.

Silver Market Morning: Feb 13 2017 - Gold recovering but moving with the euro at the moment!

February 13, 2017
By SilverSeek

In Shanghai, after the return of those investors from their Lunar New Year, demand has yet to recover fully as they slip back into their usual routine and gain full momentum. Until then we do expect New York and London to stay in line with Shanghai and for the global gold price to be influenced by exchange rates. That is so today too, but we do expect the dollar to weaken.

Silver Market Morning: Feb 10 2017 - A strong Dollar/Trump pulls gold lower!

February 10, 2017
By SilverSeek

We are all getting used to the new Presidential style with difficulty, but yesterday’ statements from the President that the U.S. is about to see a fantastic new Tax reformation incited markets in the U.S. to reach new record highs and gold took a knock of $5 by the close. He is still amazing the U.S., by the fact that he is sticking to his election promises.

NEW! Live 3-Day Silver Price Chart

February 10, 2017
By SilverSeek

Introducing our new live silver price chart: Last 3-Days Silver Price.

Silver Market Morning: Feb 8 2017 - SPDR investors now include large hedge funds!

February 08, 2017
By SilverSeek

While U.S. based gold investors have returned to the gold market via the SPDR [GLD] gold ETF, we had not heard of any large gold investors returning until now. Today we have received reports that Drukenmiller, having exited the gold market in December, has returned to it.

Silver Market Morning: Feb 7 2017 - Gold steady at higher levels with SPDR investors still buying!

February 07, 2017
By SilverSeek

What is now very clear is that if Marie le Pen and her party are elected, France will likely leave the E.U. Yesterday saw a plan to leave the E.U. produced by her party. It could involve a dual currency. Some have said that a dual currency never works. On the contrary dual currencies have pulled several nations out of a hole, including the U.K. in the early seventies. One currency for commercial transactions and another for capital.

Silver Market Morning: Feb 6 2017 - Gold firm in ALL currencies rising from support!

February 06, 2017
By SilverSeek

Shanghai was trading in gold at 269.85 during today’s session before London opened. This equates to $1,223.06. For the first time in the last month all global gold markets appear in line. The reality is that Shanghai is lower due to the higher quality of gold it prices at $1,218.06. Therefore New York and London are higher than Shanghai. It’s the first time we have seen this, this year.

Silver Market Morning: Feb 3 2017 - U.S. gold ETF buyers are back in force!

February 03, 2017
By SilverSeek

With Shanghai open today for the first time since last Thursday, we won’t have the two daily Fixes for today until tomorrow. Meanwhile, Shanghai was trading today at 269.80 towards the close today after their return from the big annual holiday. This equates to $1,222.71. This leaves it just $2 higher than the close in New York.

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