• Gold: 1,210.63 8.29
  • Silver: 16.58 0.20
  • Euro: 1.098 0.009
  • USDX: N/A N/A
  • Oil: N/A N/A

Silver Market Morning

1 hour 35 min ago

New York closed at $1,202.40 up $23.80 on Monday. Asia held it there overnight as did London. The LBMA Gold price was set at $1,201.40 up $18.65. The euro equivalent stood at €1,100.69 up €9.07 while the dollar was weaker at $1.0916 down from $1.0832 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,201.90 and in the euro at €1,099.44.

Stacking Silver = Simple Solution

Keep It Simple – Stack! Governments borrow and spend, debt increases, and commodity prices inevitably follow. Silver and gold have been money for thousands of years, and still are. Paper substitutes have all failed, either slowly or rapidly, and they will continue to fail, unless governments and central banks responsibly manage the value of currencies (NOT likely).

SilverCrest Announces Record Production in Q1, 2015

SilverCrest Mines Inc. ("SilverCrest" or the "Company") is pleased to announce record silver and gold production results for the first quarter ("Q1") of 2015 from its 100% owned Santa Elena Mine located in Sonora, Mexico . Record production of 1,349,527 ounces silver equivalent ("AgEq") for Q1 2015 is in line with 2015 corporate budget forecasts and the production guidance announced on January 15, 2015.

Fortuna Reports Production of 1.6 Million Ounces of Silver and 9,739 Ounces of Gold for First Quarter 2015

Vancouver, April 13, 2015-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce first quarter 2015 production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.6 million ounces of silver, 9,739 ounces of gold plus base metal by-products. Fortuna is on schedule to produce 6.5 million ounces of silver and 35.3 thousand ounces of gold or 8.6 million Ag Eq* ounces in 2015.

Silver Market Morning

New York closed at $1,208.20 up $13.10 on Friday in NY. Asia pulled it back to $1,205 with London taking it just below $1,200 ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,197.85 down $4.05 on Friday’s level. The euro equivalent stood at €1,136.53 up €3.94 reflecting the rising dollar and the euro’s slipping. Ahead of New York’s opening, gold was trading higher in London at $1,199.30 and in the euro at €1,138.77.

April 10: Gold and Silver End Mixed on the Week

Gold climbed $15.61 to $1210.71 at about 9:45AM EST before it chopped back lower into early afternoon trade, but it still ended with a gain of 1.1%. Silver rose to as high as $16.682 and ended with a gain of 1.79%.

Market Report: Strong dollar nips PMs rally in the bud

This week started well for gold and silver, but it turned out that the peak for both was on Easter Monday, since when prices have drifted lower. The news event that initially drove prices higher was the US unemployment statistics for March announced last Friday, which came in 120,000 less than expected with downward revisions for the two previous months totalling a further 69,000.

Silver Market Morning

New York closed at $1,195.10 down $8.10 on Thursday in NY. Asia left it there but London quickly lifted it up to $1,203.40. The LBMA Gold price was set at $1,201.90 up $5.90 on yesterday’s level. The euro equivalent stood at €1,132.59 up €18.22 reflecting the rising dollar. Ahead of New York’s opening, gold was trading higher in London at $1,203.30 and in the euro at €1,134.65.

April 9: Gold and Silver Fall Again

Gold fell $10.39 to $1192.81 in Asia before it bounced back to $1202.28 in London, but it then dropped back to as low as $1193.12 by early afternoon in New York and ended with a loss of 0.67%. Silver slipped to as low as $16.16 and ended with a loss of 1.94%.

Silver Market Morning

New York closed at $1,203.20 down $7.10 on Wednesday on NY. Asia dropped it to $1,195 then London started to lift it. The LBMA Gold price was set at $1,196.00 down $15.10 on yesterday’s level. The euro equivalent stood at €1,114.37 up €0.66. Ahead of New York’s opening, gold was trading higher in London at $1,200.00 again and in the euro at €1,114.36.

April 8: Gold and Silver Fall With Oil

Gold edged up to $1212.06 in Asia before it fell back to $1197.49 after the release of today’s fed minutes, but it then bounced back higher in late trade and ended with a loss of just 0.59%. Silver slipped to a low as $16.401 and ended with a loss of 2.13%.

Silver Market Morning

New York closed at $1,210.30 down $5.40 on Tuesday on NY. Asia held it there as did London where the LBMA Gold price was set at $1,211.10 up $2.60 on yesterday’s level. The euro equivalent stood at €1,113.71 up €0.04. Ahead of New York’s opening, gold was trading in London at $1,207.40 and in the euro at €1,112.61.

April 7: Gold and Silver Fall Slightly

Gold dropped $8.10 to $1207.60 in late Asian trade before it bounced back higher in London, but it then drifted back lower in New York and ended with a loss of 0.44%. Silver slipped to as low as $16.74 and ended with a loss of 0.71%.

Silver Projection From Crude Oil and T-Bonds

The bottoms in the ratio and the major silver market bottoms for the past 15 years coincide almost exactly. Why? Aside from central bank management and High-Frequency-Trading concerns, crude represents real commodities and T-bonds represent debt based fiat paper currency. In simple terms it is a conflict between real commodities and paper debt. Silver represents real value and a physical commodity so a bottom in the real/paper ratio (crude to T-bonds) is consistent with bottoms in silver.

Silver Market Morning

New York closed at $1,201.30 on Friday and $1,215.70 on Monday in NY close. Asia took it to $1,213 then London pulled it back to $1,211 ahead of the LBMA Gold price setting. The LBMA Gold price was set at $1,208.50 up $7.00 on Friday’s level. The euro equivalent stood at €1,113.67 up €15.75. Ahead of New York’s opening, gold was trading in London at $1,210.10 and in the euro at €1,113.91.

April 6: Gold and Silver Gain Over 1%

Gold climbed $22.87 to $1224.17 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.2%. Silver surged to as high as $17.293 and ended with a gain of 1.55%.

April 2: Gold and Silver End Mixed on the Week

Gold edged up to $1207.30 in Asia before it fell back to $1195.83 by late morning in New York, but it then bounced back higher in the last five hours of trade and ended with a loss of just 0.24%. Silver slipped to as low as $16.619 and ended with a loss of 1.3%.

Precious metals hold their own over Q1

Gold priced in dollars hardly changed over the first quarter of 2015, but silver performed strongly, up 7%. In generally choppy markets across all asset classes silver was bettered only by the Nikkei 225 Index. This compares with the NASDAQ up 3%, the US long bond up 2.6%, and the Standard & Poors up 1%.

Doug Casey: Signs of a Resource Sector Bottom

L: Well, Doug, we’ve seen another quarter of high volatility and significant world events. What strikes you as most important at present? Doug: Everything is still held together with chewing gum and baling wire, for which I’m grateful, considering what’s coming. It’s very clear to me that the global economy is in very much the same space as it was in 2007—in other words, on the edge of a precipice.

Extremes: Expect Consequences-Part 2

The US strongly discouraged the AIIB (Asian Infrastructure Investment Bank) but when the UK, Germany and France ignored the strong request from the US and joined the AIIB, the US lost the gambit and position. From Zero Hedge, “But make no mistake, this is at best an example of Washington cutting its losses and at worst an outright surrender.” This is one more sign that other countries are considering dollar alternatives – an extreme change in our dollar-centric world.

Silver Market Morning

New York closed at $1,204.20 up $20.00 from yesterday’s NY close. Asia lifted it to $1,205.00, but London pulled it back to $1,202.60 ahead of the LBMA Gold price setting. The LBMA Gold price was set at $1,201.50 up $20.25. The euro equivalent stood at €1,097.92 up €12.99. Ahead of New York’s opening, gold was trading in London at $1,204.30 and in the euro at €1,112.21.

April 1: Gold and Silver Gain Almost 2% While Stocks Fall

Gold edged down to $1181.23 at about 6AM EST, but it then rose to as high as $1208.50 by early afternoon in New York and ended with a gain of 1.69%. Silver soared to as high as $17.089 and ended with a gain of 1.86%.

Silver Market Morning

New York closed at $1,184.20 down $1.30 from yesterday’s NY close. Asia lifted it to $1,187.60. The LBMA Gold price was set at $1,181.25 up $2.00. The euro equivalent stood at €1,097.92 up €0.09. Ahead of New York’s opening, gold was trading in London at $1,193.30 and in the euro at €1,107.42.

SilverCrest Announces Update to Santa Elena Pre-Feasibility Study; Pre-Tax Base Case NPV (5%) of $144 Million, Replaces Reserves and Renews 8 Year Mine Life

TSX: SVL NYSE MKT: SVLC VANCOUVER , March 31, 2015 /CNW/ - SilverCrest Mines Inc. ("SilverCrest" or the "Company") is pleased to announce that...

March 31: Gold and Silver End Slightly Lower in Mixed Trade

Gold dropped $6.79 to $1178.71 in Asia before it rallied back to $1190.56 in late morning New York trade and then fell back off into midday, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.11%. Silver rose to as high as $16.84 before it also fell back off, but it ended with a loss of just 0.36%.

Silver Market Morning

New York closed at $1,185.50 down $17.90 this week. Asia took it down $3 before London set the LBMA Gold price at $1,179.25. The euro equivalent stood at €1,098.1 down €8.44. Ahead of New York’s opening, gold was trading in London at $1,184.45 and in the euro at €1,101.45.

The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

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.

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.

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Silver Market Morning

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Poll: Where will the Silver Price end 2012?

Please vote in our SilverSeek.com Poll! Where will Silver price end 2012? Below $25 $25-30 $30-$35 $35-$40 Above $40

May 9: Gold and Silver Fall 1%

Gold fell over $27 to as low as $1579.74 by about 9AM EST, but it then rallied back higher into the close and ended with a loss of just 0.98%. Silver slipped to as low as $28.629 before it also rallied back higher, but it still ended with a loss of 1.02%.

May 10: Gold and Silver End Mixed

Gold fell another $5.30 to $1585.70 at about 6AM EST before it rebounded to $1601.42 at about 10AM EST and then pared it gains a bit, but it still ended with a gain of 0.19%. Silver slipped to $28.94 before it climbed back to $29.455, but it then fell back off into the close and ended with a loss of 0.48%.

May 11: Gold and Silver Fall About 4% on the Week

Gold fell $20.28 to $1573.72 by about 3:30AM EST before it climbed back to $1590.53 by late morning in New York, but it then fell back off into the close and ended with a loss of 0.8%. Silver slipped to as low as $28.436 by midmorning in New York before it rallied back to $29.15, but it also fell back off in afternoon trade and ended with a loss of 0.58%.

Silver Wheaton Reports a Strong Start to 2012 with Record Quarterly Revenues of US$200 Million

"Solid operating performance from across our portfolio of mines led to a strong start in 2012," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "We achieved record quarterly revenues, and are on target to attaining our annual production guidance of 27 million silver equivalent ounces. With continued positive progress at our world-class cornerstone assets, including the Peñasquito and Pascua-Lama mines, Silver Wheaton retains one of the strongest growth profiles in the sector."

Great Panther Silver Reports First Quarter 2012 Financial Results

"First quarter revenue was directly in line with our expectations, considering the lower production and metal prices compared to Q1 of last year," stated Robert Archer, President and CEO. "This was also a timing issue for us related to a shipment of concentrate to a new smelter where the revenue will be recognized in Q2 this year. With the addition of this new customer, we have secured contracts for the sale of our concentrates for our 2012 planned production."

Live Silver Price Chart

Live 1-Hour Spot Silver Price Chart: http://www.silverseek.com/quotes/hoursilver.php

May 17: Gold and Silver Gain Over 2% and 3%

Gold jumped to as high as $1579.80 by midday in New York before it drifted a bit in afternoon trade, but it still ended with a gain of 2.23%. Silver surged to as high as $28.33 and ended with a gain of 3.2%.

Poll Results: Where will Silver End 2012?

Total votes: 1199 | #1 result = Above $40 (583 votes)

May 21: Gold and Silver End Mixed

Gold fell $6.40 to $1585.00 at about 9:30AM EST, but it then chopped back higher midday and ended with a gain of 0.16%. Silver slipped to as low as $28.076 before it also bounced back higher, but it still ended with a loss of 0.56%.

Huldra Silver Announces Receipt of Mines Act Permits and Amendment to Terms of Credit Facility

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") is pleased to announce that the Company has received a Mining Lease and a British Columbia Mines Act Permit approving a mine plan and reclamation program for the Company's Treasure Mountain Mine along with an Amended Permit approving construction and operation of a process plant at the Company's mill site in Merritt, BC.

COMEX Silver Inventory Update: +528,970.137 ounces

COMEX Silver Inventory Update: +528,970.137 ounces

May 31: Gold and Silver End Slightly Lower

Gold jumped to $1573.17 at about 9:45AM EST before it plummeted back to $1552.29 in the next half hour of trade and then bounced back higher midday, but it still ended with a loss of 0.17%. Silver climbed to $28.213 in London and then fell back to $27.54 in midmorning New York trade before it the bounced back higher midday, but it still ended with a loss of 0.68%.

iShares Silver Trust: 9,643.17 tonnes

iShares Silver Trust: 9,643.17 tonnes

June 21: Gold and Silver Fall Over 2% and 4%

Gold fell to as low as $1564.57 and ended with a loss of 2.5%. Silver slipped to as low as $26.849 and ended with a loss of 4.13%.

Pan American Silver Falls to Levels Below Book Value

In trading on Friday, shares of Pan American Silver Corp. (Toronto: PAA) crossed below their last reported book value — defined as common shareholder equity per share — of $17.83, changing hands as low as $17.70 per share. Pan American Silver Corp. shares are currently trading down about 3.2% on the day.

Silver Market Morning

Gold closed in New York at $1,598.70, up $20. Asia took it up to $1,606 ahead of London’s opening, while the euro stood at €1: $1.2602. The gold Fix was set at $1,608.50 and in the euro €1,278.312. Ahead of New York’s opening, gold stood at $1,609.65 and in the euro, €1,279.23 while the euro was at €1: $1.2583.

July 13: Gold and Silver End Slightly Higher on the Week

Gold rallied to as high as $1596.35 and ended with a gain of 1.04%. Silver rose to $27.509 in London before it slumped back to $27.14 in midmorning New York trade, but it then surged to a new session high of $27.56 and ended with a gain of 0.3%.

July 19: Gold and Silver End Slightly Higher

Gold climbed up to $1591.49 at about 8:30AM EST before it fell back to as low as $1577.15 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to $27.60 before it dropped back to $27.13, but it still ended with a gain of 0.07%.

July 23: Gold and Silver End Modestly Lower

Gold fell to as low as $1563.41 by about 8:45AM EST, but it then rallied back higher throughout the rest of the morning in New York and ended near its noontime high of $1580.30 with a loss of just 0.42%. Silver slumped to as low as $26.671 before it also rallied back higher and ended with a loss of just 1.14%.

The “Summer Games” Go On

And the “summer games” go on, with TPTB “locking down” Precious Metals with daily caps at the same times, while the “DOW JONES PROPAGANDA AVERAGE” surges at the NYSE open and is NEVER allowed to fall.

Fractal Analysis: 2012 Silver to $70++

Around this...

Why Is The Future Silver Supply More at Risk than Gold?

The focus of the markets and the alternative media is firmly placed on the continued disintegration of the world financial system. Many believe that the collapse of the fiat monetary system along with the global banking cartel is the worst possible outcome. However, this may actually turn out to be the good news in a sea of bad news that is lurking around the corner.

The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

Silver: Supply and Demand Part 2, Investment Demand

This educational video looks at how and why people invest in silver. While economic, socio-political and psychological forces play a large part in determining the price of silver, it all comes back to the basic principles of supply and demand.

Great Panther Silver Reports Improved Fourth Quarter Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/17/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR.TO)(AMEX: GPL) (the "...

JP Morgan Silver Manipulation

...

Silver Chart and Comments

Silver continues to be the poor poster child for the Deflation or Risk Aversion Trade. It's chart is abysmal at this point as it has steadily retreated since peaking near $50 in what seems a lifetime ago. About the only positive thing that can be said about it is that is had not been below the $26 level for some time now. That level still seems to be bringing in buyers.

Silver Grumps

Attention, Class: Silver and gold are static assets. They are constants. They don't actually move much. What happens is that the metrics by which we measure Silver and Gold jump around like horny ticks on a hot dog. It is the fraud of the 20th and 21st Centuries.

South American Silver Responds Strongly To Bolivian Government Statements

South American Silver Corp. (SAC.TO)(SOHAF) today expressed extreme disappointment in statements made this evening by the Bolivian government that it intends to nationalize the company's development stage Malku Khota silver-indium-gallium project.

Bolivia to consider nationalizing embattled silver project

Bolivia will consider nationalizing Canadian miner South American Silver Corp's silver property, President Evo Morales said on Sunday, following violent indigenous protests against the mining project. Leftist Morales, who last month took control of global commodities giant Glencore's tin and zinc mine in the Andean country, said he hadn't taken a final decision on whether to revoke the Canadian miner's concession.

August 3: Gold and Silver End Mixed on the Week

Gold climbed $11.03 to $1599.73 by a little after 8AM EST before it dropped back to $1586.90 immediately after the jobs report was released, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.89%. Silver slumped down to $27.066 in early New York trade, but it then surged to as high as $27.883 and ended with a gain of 2.4%.

Silver is for Champions

The thoughts of millions of ice hockey fans turned to silver this week – more specifically, to the nearly 35 pounds of silver in the National Hockey League’s Stanley Cup, the century-old championship symbol of professional hockey. The Los Angeles Kings ultimately lifted high the iconic trophy made of sterling silver.

Is the Silver’s Move Above Its 50-day Moving Average a Bona Fide Buy Signal?

Summing up, there are virtually no positive signs for the white metal in this week’s chart except for the move above the 50-day moving average. This move was not accompanied by analogous breakouts in gold nor mining stocks, so we don’t view it as overly important. The silver-to-gold ratio indicates further weakness ahead.

Maintain The Status Quo

The name of the game is the “maintain the status quo” – first until the Europeans return from August vacations, and second in front of the U.S. elections. Today’s “retail sales” fiasco – following perhaps 20 HORRIBLE, GLOBAL economic reports, was no different than last month’s NFP Employment Report, when unprecedented “seasonal adjustments” turned what should have been a BIG decline into a big increase.

David Morgan: Silver in the next Decade

David Morgan will...

Bill Murphy Comments On Today's Market Action

It's go into the bunker time as markets are in sell everything mode. It is a sad day when King Dollar reigns. Our politicians can't even deal with cutting the rate of our debt increases, much less really address our mounting fiscal problems.

Charts: Silver Price, Silver Stocks Reverse from Lows

The silver price has made a strong reversal from big technical supports around $27. Silver stocks have also moved off their early morning lows, crossing into positive terriroty mid-day and gaining steadily into the close:

Silver Market Update

Silver investors and speculators are amongst the manic-depressive you can possibly find in the investment world. When they are playing maximum credits on the slots and passing round boxes of cuban cigars and taking out massive loans to buy Ferraris and Lambos you know it's time to watch out. When they retreat into the shadows, only coming out to hurl themselves off bridges and other tall structures, mumbling about the "cartel" as they plummet earthwards, you know it's getting time to buy - and that is the situation we now find ourselves in. In this update we are going to examine evidence which suggests that, despite the fragile looking price pattern, silver is going to turn surprisingly strong in short order, or alternatively, if it does break down, it turns out to be a false move that is swiftly followed by a dramatic recovery.

July 25: Gold and Silver Gain Over 1%

Gold climbed steadily higher throughout most of trade in London and New York and ended near its late session high of $1610.10 with a gain of 1.4%. Silver surged to as high as $27.559 and ended with a gain of 1.3%.

Sprott mum after Hecla offers cash for U.S. Silver in hostile bid

The head of Sprott Asset Management, Eric Sprott, was keeping his cards close to his chest after Hecla Mining made a hostile C$111-million cash offer to buy U.S. Silver that would derail a Sprott-backed plan to merge U.S. Silver with RX Gold & Silver.

Silver demand to rise 3-5 pct in 2012: GFMS head

Silver sales for industrial applications as well as for jewelry, coins, silverware and photography should climb 3 to 5 percent this year as end-...

COMEX Silver Inventory Update: -996,615.750 ounces

COMEX Silver Inventory Update: -996,615.750 ounces

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