• Gold: 1,212.69 2.42
  • Silver: 16.21 0.01
  • Euro: 1.111 -0.000
  • USDX: 95.521 0.293
  • Oil: 49.51 0.22

May 27: Gold and Silver Fall About 3% and 2% on the Week

5 hours 34 min ago

Gold initially eased overnight losses and edged up to $1223.34 in late Asian trade, but it then chopped back lower in London and New York and ended with a loss of 0.77%. Silver slipped to as low as $16.131 and ended with a loss of 0.74%.

Silver Market Morning: Dec-16-2015

Fed day is here [once again?] and it is now all about the dollar’s exchange rate. We reiterate our oft stated fact that the U.S. can no longer afford a strong dollar if it is to keep its ‘moderate’ recovery intact. We do see dealers and speculators shifting the euro around the dollar to second guess what the Fed and later the market will do on that front.

Gold Seeker Closing Report: Gold and Silver End Mixed Before Fed Day

Gold chopped around between $1059.64 and $1068.50 and ended with a loss of 0.3%. Silver slipped to $13.674 in Asia, but it then rose to as high as $13.814 in New York and ended with a gain of 0.29%.

Silver: Until Paper Currencies Stop Losing Value

When will paper money stop losing its value? I submit that unbacked fiat paper money will, based on history, never stop losing value – as long as it is backed by dodgy sovereign debt issued by governments descending deeper into debt ever year. A viable alternative is currency backed by gold and silver, but even though precious metals have been used successfully as money for centuries, there is far more profit for TPTB when they use the paper stuff. Consequently paper and digital currencies will not disappear anytime soon.

Silver Market Morning: Dec-15-2015

While gold and silver prices are being forced down the euro is trying to rise strongly. The foreign exchange market clearly has a different view of the Fed’s actions tomorrow than dealers and speculators on COMEX. The price falls appear to be a ‘marking down’ of prices before potential selling can take place. If buying comes in instead the speed with which prices rebound will be meteoric.

Whither Silver?

IN a bit of a surprise today, crude oil somehow managed to pop high after falling below $35 at one point. It seems like it was more a case of running out of sellers rather than aggressive new buying.

December 14: Gold and Silver Fall Over 1%

Gold fell to as low as $1063.41 by early afternoon in New York before it bounced back higher, but it still ended with a loss of 1.31%. Silver slipped to as low as $13.665 and ended with a loss of 1.72%.

What Silver Rocket? Report 13 Dec, 2015

Like any fundamental calculation of value, there is no guarantee that the market price will hit the fundamental value. And of course fundamental value is changing all the time too. That said, the fundamental ratio is 7.5% over the market price. That has to be a strong pull.

Silver Market Morning: Dec-14-2015

The New York gold price closed at $1,078.20 up from $1,071.70 on Friday’s close. In Asia prices dropped to $1,074 before London took it down to $1,067 as the dollar index held close to Friday’s level of 97.90 at today’s 97.85 on the dollar Index. The euro is at $1.0955 almost the same as Friday’s $1.0956 against the dollar. The London a.m. LBMA gold price was set at $1,068.00 up from Friday’s $1,067.20 Friday. In the euro the fixing was €974.05 up from yesterday’s $972.79. Ahead of New York’s opening, the gold price was trading at $1,068.65 and in the euro at €974.33.

Silver Is Leading To The Downside

Markets were holding up for most of the week until Friday, when they finally released to the downside. While markets were holding up all week, I noted over and over again that stocks were not acting so great and were setting us up for a move lower, which came Friday.

December 11: Gold and Silver End Slightly Lower on the Week

Gold edged up to $1072.05 in Asia before it dropped back to $1062.52 in London, but it then rose to as high as $1079.45 in New York and ended with a gain of 0.61%. Silver slipped to as low as $13.806 and ended with a loss of 1.13%.

Silver Market Morning: Dec-11-2015

The big news of the day is the announcement that the Yuan gold Fix, based on a 1 kilo bar of gold will begin in April. It had been expected by the year’s end but now we have a firm date. It will be based on physical demand and supply, not on futures positioning as on COMEX.

December 10: Gold and Silver End Slightly Lower

Gold chopped around near unchanged and ended with a loss of 0.09%. Silver slipped to as low as $14.106 and ended with a loss of 0.28%.

India and Gold

Indian citizens should be alert to what is going on behind the scenes, and western observers should follow this story carefully. The Indian government is on course to do what every government does to get its citizens' gold, by fair means initially and foul when fairness fails. Once their gold has gone into the government coffers, the Indian people will never ever see it again.

Silver Market Morning: Dec-10-2015

The New York gold price closed at $1,072.70 down from $1,074.60 on yesterday’s close. In Asia prices drifted slightly higher to $1,073.25 as the dollar weakened to 97.67 down from 98.40 on the dollar Index. The euro is at $1.0975 up from $1.0935 yesterday against the dollar. The London a.m. LBMA gold price was set at $1,072.00 down from $1,078.40, on Wednesday. In the euro the fixing was €979.00 down from yesterday’s $986.55. Ahead of New York’s opening, the gold price was trading at $1,075.30 and in the euro at €981.74.

December 9: Gold and Silver End Near Unchanged While Stocks and Dollar Fall

Gold gained $10.36 to $1084.96 at about 9AM EST before it fell back to $1069.70 in the next couple of hours of trade and then bounced back higher into early afternoon, but it still ended with a loss of 0.18%. Silver rose to as high as $14.353 and ended with a loss of 0.07%.

“There Is True Value” and “Bargains” In Silver and Gold – Silver Guru

“At this moment in time, that we are truly at a level that it is really only the ardent silver bulls and resource investors who truly understand where we are in the market. Not only are we skipping along the lows, perhaps we can go lower, but there is true value here – in all aspects – not only in the gold and silver but also in the natural resource sector as a whole with bargains all over the place”.

Silver Market Morning: Dec-9-2015

It is time to begin looking forward to 2016. At first glance we see 2016 to be a ‘troubled’ year with volatility, turbulence and uncertainty reaching new heights. How long the gold & silver markets can continue down in such a scene is impossible to say. Why? Because the gold price does not reflect the physical gold markets. It reflects currencies and will therefore reflect the currency crises we expect to see then. The shift of wealth to the east will impact on western financial markets and the precious metal markets, as gloom shows signs of becoming doom. We may well see the start of that story when the Fed makes its play next week.

December 8: Gold and Silver End Mixed

Gold dipped down to $1068.36 by a little after 8AM EST before it bounced back to $1078.39 in the next hour and a half of trade and then chopped back lower at times, but it still ended with a gain of 0.16%. Silver slipped to as low as $14.09 and ended with a loss of 0.84%.

Silver Market Morning: Dec-8-2015

The New York gold price closed at $1,072.90 down from $1,085.20 on Monday, a fall of $12.30. In Asia prices drifted higher to $1,073.70 as the dollar strengthened slightly to 98.58 up from 98.42 on the dollar Index. The euro is at $1.0856 stronger than yesterday’s $1.0818 against the dollar. The London a.m. LBMA gold price was set at $1,071.75 down from $1,082.70 on Monday’s. In the euro the fixing was €986.79 down from Monday’s $1,000.65. Ahead of New York’s opening, the gold price was trading at $1,071.85 and in the euro at €986.79.

December 7: Gold and Silver Fall About 1% and 2%

Gold held near unchanged in Asia, but it then drifted back lower in London and New York and ended with a loss of 1.13%. Silver slipped to as low as $14.251 and ended with a loss of 1.86%.

Silver Market Morning: Dec-7-2015

With just over a week to go to the Fed’s announcement on interest rates, the gold and silver markets are likely to move sideways, unless there is a concerted attack on these prices by bears. We don’t think this is likely after the disappointing surprise from the European Central Bank on more stimuli. When the rate rise from the Fed does come, we expect either a 25 basis point rise OR LESS. If we see a smaller than 25 basis point rise, we expect markets to react in a similar way to the way they did last week. This will be positive for gold and silver.

Silver Rocket Report 6 Dec, 2015

The prices of the metals moved mostly sideways this week. That is, until Friday. Then foom! (Foom is the sound of a rocket taking off.) From 6 to 10am (Arizona time, i.e. 8 to 12 NY time) the price of gold rose from $1,061 to $1,087. Not surprisingly, the silver price rose a greater percentage, from $14.14 to $14.59.

December 4: Gold and Silver Gain About 3% on the Week

Gold gained $8.41 to $1071.61 just before this morning’s jobs data before it quickly fell to see a slight loss just after its release, but it then climbed to a new session high of $1088.79 by midmorning in New York and ended with a gain of 2.07%. Silver rose to as high as $14.612 and ended with a gain of 3.12%.

The Fed’s in a bind

The idea that we can be so precise about interest rate levels is obviously nonsense. If the Fed increases the Fed Funds Rate even slightly, non-financial borrowers often end up paying a significantly higher rate that includes a larger interest rate spread. The spread between interbank and corporate borrowing rates becomes an important indicator of financial stress, and junk bonds are already signalling deteriorating borrowing conditions. Just the threat of higher interest rates could turn out to be destabilising for the financial sector.

Silver Market Morning: Dec-04-2015

Gold Today –The New York gold price closed at $1,063.20 up from $1,052.70 a rise $10.50 on Thursday.  In Asia prices were pulled back to $1,061....

Upticks in Silver Demand Seen in First Half of 2015

Through the first half of this year, silver experienced increased demand for jewelry and important industrial applications, two signals of demand growth for this most versatile of metals.

Wrapping Up July Comex Silver Deliveries

Again, I can't overstate how unusual this is and how different it is from the norm. In a "normal" month where total deliveries came in at 85%, we would have seen about 2,300 total deliveries. Instead, we saw 3,637. Therefore, we're left to conclude that and additional 1,300 contracts were demanded for immediate delivery in July. This means that someone or something funded their account with 100% margin, jumped the "queue" and demanded immediate delivery of 6,500,000 ounces of silver. At prices ranging around $15/ounce, that's nearly $100,000,000.

The Silver Manipulation Con Continues at the Highest Levels of Government

The US Mint is not a very good liar. They are manipulating their sales data to stifle silver investor sentiment. My fight with the US Mint goes back 7 years. I wrote them in June 2008 to point out that stopping production of the US Silver Eagles was AGAINST THE LAW because the law required them to produce SAE's "in quantities sufficient to meet public demand." Since that time, and through my continual pestering over the years, they CHANGED THE LAW to make the US Treasury Secretary the one who decides if the coins are being produced to meet demand and only he has the power to stop or limit production.

Investment Silver Demand Draining COMEX Vaults

If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.” There was heavy selling in the leveraged futures market and extraordinary buying demand and shortages in physical coins, rounds, and bars.

Leaving the Information Grid

We've been off the information grid for nearly a month now. Oh, we've still got electricity, the internet, the gas and water and sewer connexions, but a month ago the satellite went away at our command, so no more government and corporate news at 6 p.m. or the Sunday morning food-fights.

Silver and Gold: The Triumph of Experience over Hope

Rather than discuss the triumph of experience over hope regarding hard money, honest politicians, and free market economics, let’s look at the OPPOSITE.

The EPA's Polluted River

The U.S. Environmental Protection Agency's massive spill of arsenic-laden contaminants into Colorado's Animas River (literally, from the Spanish, River of Souls) a week ago has all the makings of a slow-speed softball pitched at this relentless critic of EPA's hubris, bullying and unscientific bullshite.

Desolation Row: the Silver Market

Silver peaked in 1980 and then crashed into “Silver Desolation Row” in 1999 – 2001, like now. The 1970s decade was the time for commodity price increases and inflation. The 1980s and 1990s saw a preference for paper assets and stocks, while commodities, gold, and silver prices collapsed.

Silver Cycle Low - Now

The price of silver has been crushed during the last four years. Prices are ready to reverse. We will know soon enough after the High-Frequency-Traders have their way with prices for paper silver and gold on the CME.

China chooses her weapons

China's recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the SDR until next October.

August 21: Gold Gains Almost 4% on the Week While Stocks Drop Roughly 6%

Gold gained $15.42 to $1167.42 in Asia before it fell all the way back to $1149.00 in London, but it then rose to as high as $1161.67 in New York and ended with a gain of 0.64%. Silver slipped to as low as $15.14 and ended with a loss of 1.29%.

Silver And The Petrodollar

Many have mistakenly dismissed silver as just another commodity like oil, for example. If one looks at how silver has traded since 2001, in comparison with oil, one might agree with that mistaken believe. During the same periods, both goods traded higher or lower, together. For example, from 2001 to 2008, both silver and oil rose significantly. During those seven years, silver increased more than four times in value while oil rose more than seven times.

Gold and Silver: Heading for a “Blue Screen of Death” Event?

For personal computer users who by choice or circumstance, find themselves using a version of the Microsoft Windows operating software family, a dreaded condition known as the “Blue Screen of Death” (BSoD) is a seldom occurring, yet ever-present possibility. Wikipedia defines it as being caused by poorly written device drivers or malfunctioning hardware, such as faulty memory, power supply issues, overheating of components or hardware running beyond its specification limits.

The Risky Investment that Could Make You Millions in the Next Financial Crisis

You wake up in the morning, turn on the news, and get a sick feeling in your stomach… The stock market is crashing again. Another big Wall Street bank has failed. Your 401(k) has lost another 25%. It’s bleeding value every week. Your dream of early retirement is history. You’ve lost so much money in stocks that even a "regular" retirement is in jeopardy. If you live a long life, there’s no way you’ll have enough money.

Yes, Gold is a Barbarous Relic...SO SWAP IT ALL FOR SILVER!

I know that you have a few gold coins in your safe. I know you think it's good for your diversification but NOW is the time to think differently. Now is not the time for diversification. Now is the time to SAVE your wealth and gold doubling or tripling over the next few years is NOT going to save you.

Silver Market Morning

On Friday New York closed at $1,134.40 up $10.30. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 96.07 up from Friday’s 95.19. Because of the Bank Holiday in the U.K. no LBMA gold price was set today. Ahead of New York’s opening, gold was trading at $1,132.80 and in the euro at €1,010.80.

The danger of eliminating cash

In the early days of central banking, one primary objective of the new system was to take ownership of the public's gold, so that in a crisis the public would be unable to withdraw it.

Silver and S.M.S.

Silver prices have been crushed for over 4 years, especially in the paper futures markets. The predictable result has been reduced interest in real money – silver and gold. The media is more focused on Donald Trump, Caitlyn Jenner, and Hillary’s emails – not the reality of exponentially increasing debt, out-of-control spending, failed economic policies, and expensive wars.

You think premiums are big now???

Premiums on silver over the past weeks have exploded! Generally speaking, 10-25%+ seems to be the norm and anywhere from two - six weeks delay for delivery. We have talked about the dichotomy between silver being panic "sold" and "shortages" occurring simultaneously. In a free market, this is an impossibility.

Silver Market Morning

On Friday New York closed at $1,122.10 down $3.30. The dollar was weaker at $1.1162 down from $1.1142 at the close, against the euro, with the dollar Index slightly weaker at 96.28 down from 96.34. The LBMA gold price was set at $1,121.00 down $4.00 from Friday. The euro equivalent was €1,004.21 down €5.80. At 12.00 hrs London time, gold was trading at $1,121.00 and in the euro at €1,005.52.

Silver and Deflation

How does silver perform during deflation? Which is better during a deflation – silver or gold? The answers will depend on quite a few things as well as what definition of deflation one uses.

The Massive Debt Bubble Will Push Silver Prices Much Higher

Silver had a spectacular rise in price from about August 2010 to April 2011. In fact, it was so impressive that some thought the peak was the end of the bull market for silver. After all, silver had risen about 12.33 times from its bottom in 2001.

Why Silver Premiums Are so High Right Now and How One Might Take Advantage of It?

In this article, I will explain first how and why silver bullion premiums have aggressively increased since the middle of summer 2015 AND how and what I am doing to take advantage of the current premiums via a bullion form sell and buy arbitrage.

Silver: Victim of Motive, Means, and Opportunity

Silver gets little respect, but that is sensible in a world dominated by paper assets and pretend values. Similar to a murder investigation, let’s examine the motive, means and opportunity used to “manage” silver prices.

Silver Market Morning: Sept-29-2015

What we are seeing now is a set of global markets fearful of a breakdown in prices. As prices fall, not just in commodities, but equity markets, we become very aware of the massive levels of debt that is sitting in the hands of individuals, corporates, governments’ et al. Because of this we see occasional collapses of value as this becomes recognized. Glencore, the mining giant and broker has seen its share prices buckle in Australia today. With debt twice the level of its market capitalization, their situation well expresses the fears sensitizing the markets at all levels. The commodities sector does not look as though it is going to recover for a very long time. This includes U.S. oil companies trying to persuade their regulators that their debt levels are sustainable as oil prices could fall further.

Gold's Little Brother Is Talking

Silver seems set to perform well against the dollar, but it also appears to be ready to make gold look like a bit of a slug.Unlike most silver investors, I have no interest in selling silver for “dollars of profit”. I view silver primarily as a currency.Gold is the ultimate currency, and I think silver is best viewed as “gold’s little brother”.I sold silver for gold in the first quarter of 2011, and now it’s time for me to buy silver with gold.

COMEX Silver Inventory Update: -1,063,729.540 ounces

COMEX Silver Inventory Update: -1,063,729.540 ounces

COMEX Silver Inventory Update: -948,613.090 ounces

COMEX Silver Inventory Update: -948,613.090 ounces

Silver Price Projection – for 2013

An objective and reasonable estimate for the price of silver at the next intermediate peak (estimating 2013 – Quarter 2) is $50 to $60 per ounce (current price is about $28). This is not a prediction based on wishful thinking and hope, but a best estimate based on rational analysis of data stretching back to 1975.

COMEX Silver Inventory Update: +1,534,729.460 ounces

COMEX Silver Inventory Update: +1,534,729.460 ounces

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