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Silver Market Updates

Silver Market Morning: Sep-20-2016 -- Gold and silver waiting for two central banks!

September 20, 2016
By SilverSeek

Shanghai did walk its own road today sitting at $1,321 throughout the day, despite the lower gold price close in New York. London opened close to that level, but quickly slipped back to $1,315. We are now less than two weeks away from the adoption of the Yuan as one of the currencies that make up the SDR. The Yuan is being restrained at current levels, but we see it falling against the dollar for at least the rest of the year.

Silver Market Morning: Sep-19-2016 --Gold and silver consolidating!

September 19, 2016
By SilverSeek

With Shanghai back in business we see it registered the purchase into the SPDR gold ETF and took the price higher. On the surface it looked like Shanghai was walking its own road after the holidays, but with the SPDR having to find the gold in London today to supply the Friday’s buying we feel that Shanghai was fulfilling its role in the 24-hour global gold market.

Market Report: Consolidation enters tenth week

September 16, 2016
By SilverSeek

Traders have returned to their desks this month to find the economic and interest rate outlook is as uncertain as ever. After recent attempts to prepare the market for a September rise in the Fed Funds Rate, from various officials’ statements the Fed appears to have backed off, leaving open the possibility it will raise rates in December instead. We will know the outcome of the September meeting this coming week on 20-21 September, after which Ms Yellen will hold her quarterly news conference.

Silver Market Morning: Sep-16-2016 --Gold and silver drifting lower!

September 16, 2016
By SilverSeek

The gold price is drifting assisted by a steady stream of selling from the SPDR gold ETF in the last week. These sales do seem to be aiming at lowering prices. It is a great opportunity for bears insofar as a short position taken on COMEX of a larger size than the physical sales ensures profits on the falls. This is what’s happening now. But the drifting nature of the gold price could be turned back just as fast buy a large buy order.

Silver Market Morning: Sep-15-2016 --Gold and silver waiting for news!

September 15, 2016
By SilverSeek

With Shanghai on holiday today and another holiday coming in the next few days London and New York are making the prices of gold and silver. Gold in London is drifting alongside the Technical picture. The Technical picture is negative but with such strong support below current levels and below $1,300, we are doubtful that it will have more influence than it currently has in a market that is ‘drifting’.

Silver Market Morning: Sep-14-2016 --Gold and silver looking for direction still!

September 14, 2016
By SilverSeek

Shanghai went $7 higher than New York but London pulled it back but not far. This is the second day that we have seen pricing in Shanghai separating itself from New York. London’s pricing seems to respect Shanghai and could be asking the same question. Exchange rates appear to have a key influence on prices at the moment.

September 13: Gold and Silver Fall With Stocks, Bonds, and Oil

September 13, 2016
By SilverSeek

Gold gained $5.02 to $1332.02 in Asia, but it then fell back off in New York and ended near its late session low of $1315.66 with a loss of 0.68%. Silver slipped to as low as $18.792 and ended with a loss of 1.36%.

Silver Market Morning: Sep-13-2016 --Gold and silver looking for direction!

September 13, 2016
By SilverSeek

Shanghai went $6 higher than New York and London followed this price at the opening before pulling back to New York’s close at the LBMA price setting. We are watching to see if this is the start of pricing in Shanghai separating itself from New York. London’s pricing seems to respect Shanghai and could be asking the same question.

Silver Measures Wealth While Gold Stocks Increase It

September 12, 2016
By SilverSeek

Given the likelihood that silver will become the new (old) standard by which wealth is measured, the risk of becoming poorer (in silver ounces) is greatly increased. Earning income, from a business or employment remain of the best ways to continue increasing one’s silver ounces, but to maintain one’s real income levels (in terms of silver ounces) increasingly higher income (in terms of other measures) will be required.

Silver Returns Earthward

September 12, 2016
By SilverSeek

The prices of both metals were down this holiday-shortened (Labor Day in the US) week, especially on Friday. The decline corresponded to a spike in interest rates. Of course everyone watched the action of the stock market on Friday. Whatever the proximate cause, the root is credit. When borrowing to buy assets does not work, then selling assets to repay debt is required. It could be companies who bought their own shares, it could be European banks. It could be leveraged investors speculators in…

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