loading
loading

Silver Market Morning

July 25, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,292.40 down $12.50 on Thursday in New York. In Asia and early London, prices held that level. The gold price was Fixed at $1,292.75 down $7.25 and in the euro at €959.725 down €4.953, while the euro was slightly weaker at $1.3470. The Fixing was very quick indicating lower volumes. Ahead of New York’s opening, gold was trading at $1,294.20 and in the euro at €962.02.

Market Report: Corrective Action

July 25, 2014
By Chris Mullen, Chief Content Manager

Precious metals drifted lower over the week in quiet trading. The bears took comfort in the lack of a positive price reaction to political news from the Ukraine and Gaza, and from economic surveys released in the US which disappointed analysts looking for signs of economic growth. Even the IMF downgraded its forecasts for the US economy, and the 10-year treasury yield fell back to 2.46%, having rallied up to 2.65% from the May low at 2.41%. This is shown in the chart below.

Talk Radio’s Taboo Topics

July 25, 2014
By Chris Mullen, Chief Content Manager

In my first essay in this series, I outlined a change that might “stun the world” and terrify the establishment defenders of the “Status Quo.” What, I asked, might happen if someone like Rush Limbaugh started preaching from the Ron Paul prayer book?

First Majestic Silver Corp.: Del Toro NI 43-101 Technical Report & Pre-Feasibility Study

May 22, 2012
By Chris Mullen, Chief Content Manager

FIRST MAJESTIC SILVER CORP. (FR.TO)(AG)(FMV.F)(WKN:A0LHKJ) (the "Company" or "First Majestic") is pleased to announce a new NI 43-101 Technical Report (TR) and Pre-Feasibility Study (PFS) for the Del Toro Silver Mine.

INDIAN SILVER IMPORTS: Near Record At A Quarter Of Global Mine Supply

July 25, 2014
By Chris Mullen, Chief Content Manager

It looks like at least one country is still taking advantage of the extremely low paper price of silver. From information just released, India continues to import a near record amount of silver in 2014. Even though silver imports slumped in June compared to last year, demand is still extremely strong.

The ‘Great Reassessment’ to come?

July 25, 2014
By Chris Mullen, Chief Content Manager

To the Rush Limbaugh’s, Mark Levin’s and Sean Hannity’s of the world, Ron Paul was an insane “isolationist” “kook” who might as well have been pulling for the “enemy” when he, almost alone, argued passionately against America’s involvement in the wars in Iraq and Afghanistan. Rush Limbaugh, Sean Hannity and Mark Levin were of course arguing passionately for these wars.

COMEX Swap Dealers Hedging a Massive Long Play on Silver?

July 27, 2014
By Chris Mullen, Chief Content Manager

We have just two stops to make on today’s rabbit trail, but both of them “count” and both are pretty dang important. Today we will be looking at what some are calling a “too-high, too fast” net long position in silver by Managed Money traders and then we will cover an aspect of the huge, record high short position in silver futures held by the mercenary Swap Dealers, and it’s a “keeper.” So, with no further preamble, let’s take the lesser of the two first and move on from there.

Silver Market Morning

July 28, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,307.40 up $15.00 on Friday in New York. In Asia and early London, prices slipped back to $1,304. The gold price was Fixed at $1,305.00 up $12.25 and in the euro at €971.199 up €11.474, while the euro was slightly weaker at $1.3437. Ahead of New York’s opening, gold was trading at $1,304.50 and in the euro at €970.72.

Silver Manipulation To End; $150 Per Ounce Possible - Video

July 28, 2014
By Chris Mullen, Chief Content Manager

Silver for immediate delivery fell 0.4% to $20.68 an ounce in London this morning. Platinum added 0.4% to $1,485 an ounce. Palladium gained another 0.5% to $885.05 an ounce and is a whisker away from new 13 year nominal highs. Gold and silver were marginally lower last week but both spiked towards the close on Friday which could be a harbinger for further price gains this week. Gold jumped $15.80 to as high as $1,308.20 in the last minutes of trade and silver surged to as high as $20.727.

Like Dripping Silver Icicles

July 28, 2014
By Chris Mullen, Chief Content Manager

I don’t typically emphasize price charts in analyzing the market, however something unusual has been happening in the spot (physical) silver market. It did not happen in the silver futures market, nor in the gold market. I have been bearish on silver because of its supply and demand fundamentals, and the price action shown below adds a new dimension.

The Coming Silver Shortage

July 28, 2014
By Chris Mullen, Chief Content Manager

Right now, there is a severe shortage brewing in the silver markets giving investors huge upside potential if position correctly. This investment has the potential to double and even triple your money within the next few years. The facts presented in this mini-documentary, are sure to blow you away.

Silver Market Morning

July 29, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,305.10 down $2.30 on Monday in New York. In Asia and early London, prices rose to $1,310. The gold price was Fixed at $1,307.50 up $2.50 and in the euro at €972.842 up €1.643, while the euro was slightly stronger at $1.3440. Ahead of New York’s opening, gold was trading at $1,309.00 and in the euro at €974.25.

Silver Prices – Megaphone Patterns

July 29, 2014
By Chris Mullen, Chief Content Manager

Over 40 years of silver prices can be represented by four zones of megaphone shaped price patterns. My interpretation is that zone 4 – a long and aggressive move upward – is still in progress. My round number target is $100 or more in 2016 – 2019. Although I hope that the powers-that-be will not choose to create hyperinflation in the US, if hyperinflation does occur, the $100 target will be easily bypassed and much higher prices will be “in play.”

Silver Market Morning

July 30, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,300.60 down $5.50 on Tuesday in New York. In Asia and early London, prices fell to $1,299.20 as the euro lurched lower reaching $1.3398. The gold price was Fixed at $1,297.5 down $9.50 and in the euro at €968.428 down €4.124, while the euro was weaker at $1.3398. Ahead of New York’s opening, gold was trading at $1,298.40 and in the euro at €968.74.

Silver Market Morning

May 24, 2012
By Chris Mullen, Chief Content Manager

New York closed higher at $1,561.20 and at London’s early morning fell back to $1,556. The euro was weaker at the time London at €1: $1.2560 before holding that level at €1: $1,2562. It Fixed at $1,558.50 and in the euro at €1,239.265. Ahead of New York’s opening gold stood at $1,562.00 and in the euro, €1,242.14 while the euro was at €1: $1.2575.

Excellon Reports Second Quarter 2014 Financial Results

July 30, 2014
By Chris Mullen, Chief Content Manager

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to report financial results for the three and six-month periods ended June 30, 2014.

Silver Eagle Bullion Coins Reach 26 Million For 2014

July 31, 2014
By Chris Mullen, Chief Content Manager

Silver for immediate delivery rose 0.5% to $20.81/oz in London. Platinum lost 0.2% and was at $1,481/oz. Palladium was marginally higher at $882/oz and remains near the 13 year nominal high of $889.75/oz. Gold is flat in London this morning after gold in Singapore remained very close to the $1,295/oz level overnight. Asian trade was limited to a range of $6.50 and only 8,500 contracts were traded on Globex. Futures trading volume declined and was 39% below the average of the last 100 days…

Silver Market Morning

July 31, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,296.80 down $3.80 on Wednesday in New York. In Asia and early London, prices fell to $1,294 as the euro continued to slip to $1.3391. The gold price was Fixed at $1,295.00 down $2.50 and in the euro at €966.923 down €1.505, while the euro was weaker at $1.3393. Ahead of New York’s opening, gold was trading at $1,295.10 and in the euro at €967.43.

Silver Market Morning

August 01, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,282.10 down $14.70 on Thursday in New York. In Asia and early London, prices rose to $1,287.30 as the euro slowed its fall to $1.3389. The gold price was Fixed at $1,284.50 down $10.50 and in the euro at €959.155 down €7.768, while the euro was unchanged at $1.3392. Ahead of New York’s opening, gold was trading at $1,287.30 and in the euro at €961.46.

Market Report: Like watching paint dry…

August 01, 2014
By Chris Mullen, Chief Content Manager

That was how it felt watching all markets this week until yesterday when they sprang into life. Gold fell from $1304 at the London opening last Monday to a low point of $1281 yesterday, down 1.8% on the week, while silver fell from $20.60 to $20.35, down only 1.2%. These moves were relatively small compared with action elsewhere. Here are the charts showing price and open interest for gold and silver on Comex.

Newsletter Signup

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