• Gold: 1,326.06 -12.55
  • Silver: 18.58 -0.30
  • Euro: 1.125 -0.006
  • USDX: 94.878 0.328
  • Oil: 46.6 -1.05

Silver Market Morning: Aug-24-2016 -- Gold and silver prices in a tight trading range!

2 hours 18 min ago

Once again, overall, all global gold markets, together with global currencies seem to be moving sideways today with an emphasis on a slightly stronger dollar. But this strength is small. So we have gold prices in the dollar falling and those in the euro rising. Friday’s Jackson Hole comments by Mrs. Yellen of the Fed are the focal point of the week with markets finely measuring the emphasis she puts on her words, looking for the smallest sign of what the Fed is going to do and when.

Market Report: Rothschild buys gold

The gold price rose $11 from last Friday’s close to trade at $1347 early in European trade this morning, while silver declined 14 cents over the same period to $19.57. Volumes on Comex have dropped off noticeably this month, consistent with the holiday season. However, these are the conditions which favour the bullion banks, allowing them to take over pricing control. When the speculators are on holiday, prices can be marked down unchallenged, allowing the bullion banks to close down their shorts profitably. But even though open interest remains high by historic standards, this is not happening.

Silver Market Morning: Aug-19-2016 -- Gold and silver prices being moved on exchange rates only

It was a rapidly weakening Yuan exchange rate against the dollar that was responsible for dollar gold prices to fall. The combination of the Yuan price of gold and the move in the Yuan exchange rate affecting dollar gold prices this way, is just what the Shanghai Gold Exchange wanted. When they established the Fix an accompanying statement made it clear that it was not just to give SGE gold prices but to promote the use of the Yuan in such dealings. Here it is!

Mines Management Inc. : Second Quarter 2016 Financial Results and Montanore Project Update

The Company continues to expense all of its expenditures when incurred, with the exception of equipment and buildings which are capitalized. The Company has no revenues from mining operations. Financial results of operations include primarily general and administrative expenses, permitting and maintenance of the Montanore Project, and legal, accounting, and consulting expenses.

August 18: Gold and Silver Gain While Dollar Drops

Gold gained $9.51 to $1356.01 in early Asian trade before it fell to see a slight loss at $1346.27 shortly after the open in London, but it then chopped back higher into the close and ended with a gain of 0.46%. Silver rose to $19.929 before it dropped back to $19.627, but it then edged back higher in New York and ended with a gain of 0.46%.

What Surging Mining Stocks Mean for Metals Markets

Gold and silver mining stocks have embarked on a rally this year that could prove to be one for the record books. The leading exchange traded fund for the sector, VanEck Vectors Gold Miners (NYSE:GDX), shows an incredible 125% year-to-date gain. That far out-surpasses the 27% and 44% advances of gold and silver spot prices, respectively. What does the mining stock run-up suggest about the fundamentals for the actual mined product, physical gold and silver?

SilverCrest Reports More High Grade Underground Sampling Results at Las Chispas; Multiple Sample Results Greater than 2,500 gpt AgEq*

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce an update on the underground rehabilitation program with additional assay results from underground channel sampling at its Las Chispas Project (“Las Chispas”) located in Sonora, Mexico. Las Chispas is in a historic silver-gold mining district which presently hosts two nearby precious metal producers.

Silver Market Morning: Aug-18-2016 -- Gold and silver prices pushing resistance!

The Fed Minutes described a split in the FOMC, but where the ‘hawks’ sat was on the non-voting side and the ‘doves’, led by Janet Yellen, sat on the voting side. The factors affecting the ‘doves’ were global influences as well as productivity, alongside wages. We can see that while the U.S. economy appears solid, the growth is low and not accompanied by a ‘healthy’ level of inflation. Hence the market views a rate hike in September with only a 21% likelihood and a hike early next year at a 50% likelihood. This prospect heightens the impact a rate hike will have on all global financial markets.

August 17: Gold Turns Higher After Fed Minutes

Gold fell $4.81 to $1341.29 in Asia before it bounced back to $1346.71 in late morning New York trade and then briefly spiked lower following the 2PM EST release of today’s fed minutes, but it quickly rebounded to a new session high of $1351.48 and ended with a gain of 0.03%. Silver slipped to $19.563 before it also bounced back higher at times, but is still ended with a loss of 0.71%.

Silver Market Morning: Aug-17-2016 -- Gold and silver prices steady in the euro weak in the dollar!

Again Shanghai was higher than New York’s closing but London decided to walk its own road at the opening, opening lower at $1,341. The reason London pulled gold prices down before the opening in London was the continuing ‘strength of the euro/weakness of the dollar, as you can see in the euro gold prices below.

August 16: Gold Gains While Silver Slips With Stocks

Gold gained $15.57 to $1354.97 in London before it fell back to almost unchanged at $1341.93 at about 10AM EST, but it then chopped back higher in the next few hours of trade and ended with a gain of 0.5%. Silver climbed up to $20.097 before it dropped back to $19.729 and then also bounced back higher, but it still ended with a loss of 0.05%.

Silver Market Morning: Aug-16-2016 -- Gold and silver prices trying to break higher on a weaker dollar!

Shanghai was higher than London’s opening and much higher than New York’s close. London opened at $1,350 whereas as you can see, the p.m. Fix in Shanghai was at nearly $1,354. Shanghai’s physical demand is greater than New York’s paper demand today. U.S. physical demand via the gold ETFs was absent yesterday.

August 15: Gold and Silver Gain With Stocks

Gold gained $7.45 to $1342.05 in Asia before it fell back to almost unchanged at $1335.88 at about 9AM EST, but it then climbed to a new session high of $1343.80 by late morning in New York and ended with a gain of 0.36%. Silver rose to as high as $20.023 and ended with a gain of 0.61%.

Silver Market Morning: Aug-15-2016 -- Gold and silver prices still consolidating!

As the time approaches when the Yuan becomes one of the world’s ‘hard’ currencies it is meeting the definition of being widely traded in the global monetary system. Just to what extent remains to be publicized. Certain Capital Controls still persist but the silence on this ahead of the incorporation of the Yuan in the IMF’ Special Drawing Rights is deafening.

August 12: Gold and Silver End Slightly Lower on the Week but Miners Gain

Gold waffled near unchanged in Asia and London before it jumped $17.84 to $1355.74 after the release of this morning’s disappointing economic data, but it then dove down to $1333.51 in early afternoon New York trade and ended with a loss of 0.25%. Silver slipped to as low as $19.674 and ended with a loss of 1.3%.

Silver Market Morning: Aug-12-2016 -- Gold and silver prices consolidating!

Shanghai took the gold price closing in New York higher more in line with the higher Shanghai price the day before. London then ignored Shanghai prices and opened at New York’s close. At the moment we are seeing a small battle between the developed world centers and Shanghai the physical market. This battle can be resolved provided the arbitrageurs in the market do their job. They can’t move gold but can adjust their positions with currency plays.

Market Report: Mirror reflection of the dollar

Last Friday (5 August) the US dollar jumped on better than expected payroll figures, and spent the first half of this week easing as the excitement wore off, before rallying again yesterday. Gold and silver reflected these moves in reverse, falling heavily last Friday, recovering two-thirds of the fall by Wednesday’s US opening, then falling back yesterday. Gold rose only $7 net from Monday’s opening of $1333 to $1340 by early this morning UK time (12 August) and silver by 40 cents from $19.60 to $20.00.

August 11: Gold and Silver End Lower In Mixed Trade While Stocks Climb To Record Highs

Gold dropped $6.14 to $1340.56 in Asia before it climbed up to $1352.40 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.65%. Silver slipped to as low as $19.897 and ended with a loss of 1.09%.

Silver Market Morning: Aug-11-2016 -- Gold and silver prices consolidating!

In the last quarter of the year we expect U.S. demand for physical gold from investors in the shares of their Exchange Traded Funds to continue steadily. So far in 2016 investment demand for gold has overtaken the previous-ever high of 917 tonnes in 2009 [First half] to reach 1,064 tonnes.

August 10: Gold and Silver Gain Again As Dollar Drops Further

Gold gained $16.28 to $1356.88 by a little after 8AM EST before it fell back to $1343.82 in the next few hours of trade, but it then edged back higher in afternoon trade and ended with a gain of 0.46%. Silver rose to as high as $20.482 and ended with a gain of 1.61%.

Smashed Silver Snaps Back into Ferocious Bull Market

A major breakout doesn’t necessarily portend any particular duration or price objective to follow. The silver market is notorious for producing price swings that befuddle forecasters. Nevertheless, the birth of a new cyclical bull market suggests the potential for a multi-year up move to come. Before it’s over, we are likely to see new all-time highs. The good news for those not yet invested in silver is that even after the impressive rally so far in 2016, prices remain relatively depressed. Silver still trades at less than half its former high mark.

This Suggests That Silver Will Soon Spike Significantly Higher

The silver price and the US Dollar/South African Rand exchange rate (USD/ZAR) have a very interesting relationship that goes back a long way. Basically, in the long run, the two move in opposite directions. When the USD/ZAR rate is moving up, then the silver price is moving down, and vice versa. Furthermore, when the USS/ZAR rate is making a top, then a bottom in silver is normally very close (before or after the USD/ZAR peak).

Silver Market Morning: Aug-10-2016 -- Gold and silver prices consolidating higher!

The jump of $15 from New York’s close was large. London came in at the open at $1,352, but there is always a reason when prices jump like this. Demand in Shanghai, the world’s largest gold market, clearly jumped. With 8.3 million individual gold investors and 10,000 institutional investors dealing on this market, supply must be tight in this physical market. We watch with interest to see if this demand feeds into London and New York.

August 9: Gold and Silver End Modestly Higher As Dollar Falls

Gold edged down to $1330.69 in Asia before it popped up to $1342.48 in midmorning New York trade and then drifted back lower into midday, but it still ended with a gain of 0.4%. Silver climbed to as high as $19.874 and ended with a gain of 0.61%.

Fortuna Reports Consolidated Financial Results for the Second Quarter 2016

"We have had a strong operational and financial quarter with solid performance for the first half of the year. With San Jose now in commercial operation at 3,000 tpd, and capital requirements at our existing mines reduced significantly, we are poised to capitalize from the recovery in metal prices." Mr. Ganoza continued, "The Company is now focused on advancing the recently acquired Lindero Gold Project into construction in 2017 with commercial production expected by the second half of 2018."

Silver Market Morning: Aug-9-2016 -- Gold and silver prices consolidating!

Gold and silver held remarkably steady yesterday in the face of a large sale of gold from the SPDR gold ETF. The gold price continues to rest on support and with the gold season nearly on us the physical market, at least will see demand grow significantly. In the U.S. fears of a global slowdown [and low productivity] affecting the U.S. economy and the large number of potential banking and debt crises that are more than likely, the atmosphere for gold continues to be positive.

A Buying Opportunity for Silver ETFs?

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Silver Market Update - January 16th, 2012

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Great Panther Silver Reports Improved Fourth Quarter Production


Pan American Silver Comments on Changes to Mining Legislation in Rio Negro, Argentina

"Pan American Silver Corp. (TSX: PAA.TO)(NASDAQ: PAAS) ("Pan American" or the "Company") owns 100% of the Calcatreu gold development project ("...

When Will Silver Reach a New High?

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New EW Silver Discovery


Warren Buffett Trashes Gold, But What About Silver?

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The Arbitrageur: Silver backwardation

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Ron Paul Assaults Ben Bernanke On Parallel Currencies [Video]

Congressman Paul gives an opening...

Silver and Gold Dividends to be Paid by Gold Resource Corp. (NYSE-AMEX: GORO)

COLORADO SPRINGS, CO--(03/12/12)- Gold Resource Corporation (the Company...

Fractal Analysis: 2012 Silver to $70++

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First Majestic Announces Friendly Acquisition of Silvermex Resources

VANCOUVER, BRITISH COLUMBIA--(04/03/12)- First Majestic Silver Corp. ("...

Silver: poor man's gold turning to fool's gold?

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Great Panther Silver Reports First Quarter 2012 Production


Bearish pattern of the day - Silver

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The Coming Paradigm Shift in Silver


Bearish pattern of the day - Silver

Silver has formed a "Descending Triangle" on the daily chart. A descending triangle shows decreasing demand and an increase in supply with each...

Silver Market Update

Is silver becoming a bearmarket, or is a bottom pattern completing that will lead to a major new uptrend soon? That is the big conundrum facing investors and speculators in the sector and in this update it will become apparent that the situation must resolve itself with a decisive move soon, one way or the other.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

New EW Silver Discovery


Great Panther Silver Reports First Quarter 2012 Production


On the Money - A Dime a Gallon [Video]

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First Majestic Announces Friendly Acquisition of Silvermex Resources

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Extorre Reacts to Current Market Conditions and Announces Further High Grade Drilling Results at Cerro Moro

"One drill rig remains on the infill drilling program on our principal prospects, namely Zoe, Escondida, Loma Escondida and Gabriela. Our aim is to ensure that the drilling density is sufficient in areas that would fall within the first two years of a potential mining scenario (at 1300 tonnes per day) to estimate "indicated mineral resources". This program is nearing completion, with the drilling at Zoe, Loma Escondida and Gabriela essentially complete."

Target 2 reached in Silver (Copper target reached)

The second target for the bearish "Head and Shoulders" pattern on silver was reached for greater than $25,000 per contract. The target was using "Measured Rule", which takes the distance from the top of the head to the neckline, and adding it onto the breakdown point.

Silver Market Morning

Gold closed in New York at $1,622.80, the day before the holiday in the States yesterday. A quiet London pulled it back to $1,613.50 at the p.m. Fixing. The morning Fix today the 5th July was set at $1,616.75 and higher in the euro at €1,292.986, up €8 on yesterday’s p.m. Fixing, while the euro stood at €1: $1.2504 down 80 cents. The euro stood at €1: $1.2502 after the Fix. Ahead of New York’s opening gold stood at $1,618.00 in the middle.


Do we want the TRUTH or LIES? Gold was ATTACKED by the Cartel today to prevent it from repeating last month’s violation of its “Rule #1” – i.e., “Thou shalt not let PMs soar when the Dow plunges.” Last month, they temporarily lost control when gold had a rare 4% surge with the Dow down 274 points, directly after a similarly horrible NFP report.

A Momentous Day

A momentous day, as the Spanish and Italian stock and bond markets are literally CRASHING. On the day the “Spanish Bank Bailout” was “approved” by the EU – Spanish 10-year yields have EXPLODED to 7.3%, and the IBEX stock index fell a whopping 5.7%. Of course, the “bailout” requires constitution of the ESM, which has not yet been ratified or funded, and won’t be for some time – if at all. Throw in the bankruptcy of Valencia – one of Spain’s largest “autonomous regions” – and you can see why few believe a bailout will ever be received, or that it will MATTER even if it does.

Silver: poor man's gold turning to fool's gold?

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Silver Market Morning

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

Managed money positions hint at bullish turns for gold and silver

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

What a surprise: FT says CFTC to drop silver investigation

But such an outcome would be completely consistent with a finding that the really big player in the silver market is not JPMorgan at all but the U.S. government acting through intermediary brokerage houses. After all, as he signed the legislation demonetizing silver in 1965, President Lyndon B. Johnson pledged that the U.S. government would rig the silver market if necessary to prevent the price from rising...

Silver Market Update

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Silver, Gold and The Coming Deflation

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.

David Morgan: Seems the bottom for (gold & silver) mining equities is in...

I was recently interview by Jim Puplava and stated what we have been sending to our members. It seems the bottom for mining equities is in and may be tested one more time. The precious metals themselves also could be in a bottom formation currently, but the $26 level on silver and the $1550 level on gold MUST hold. David Morgan www.Silver-Investor.com

The Noose Is Tightening

The noose is tightening on the Powers that Be, as all attempts at MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA are failing. The GLOBAL economy – and BANKING SYSTEM – is failing, as have been the result of ALL fiat currency systems throughout history. And given that this is the ONLY time EVER when ALL global currencies are fiat –amidst a global population of seven billion people - the crash will dwarf all others in history.

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