• Gold: 1,337.77 -0.84
  • Silver: 18.93 0.05
  • Euro: 1.130 -0.001
  • USDX: 94.55 0.07
  • Oil: 47.64 -0.01

August 23: Gold and Silver End Near Unchanged In Quiet Trade

6 hours 4 min ago

Gold gained $6.05 to $1344.65 in early New York trade before it fell to see a slight loss by midday, but it then edged back higher in early afternoon action and ended unchanged on the day. Silver rose to as high as $19.114 in Asia, but it then drifted back lower into the close and ended with a loss of 0.16%.

Gold-Silver Ratio Reversal Report

So the price of silver rocketed up 80 cents, while the price of gold jumped $37. Silver is now more expensive than it was two weeks ago; the price decline of last week was more than overcompensated.

Silver Market Morning: March-7-2016 - Gold vaults higher, looking good!

Gold closed in New York at $1,260.80 down from $1,262.20 on Friday. In Asia on Friday, it moved higher until the LBMA price setting was set at $1,267.60 down from $1,271.50 on Friday. The dollar index is slightly higher at 97.61 up from 97.52 on Friday.

March 4: Gold and Silver Gain About 3% and 5% on the Week

Gold fell $8.51 to $1253.69 just after the release of this morning’s jobs data before it rallied to see a gain of $17.58 at $1279.78 in the next 90 minutes of trade, but it then drifted back lower into the close and ended with a loss of 0.11%. Silver rose to as high as $15.786 before it also fell back off, but it still ended with a gain of 1.77%.

Silver Buy Signal - 2016

Using the above simple analysis, silver hit a multi-year low in December 2015 and has confirmed that low by closing above its 5 week moving average AND registering a gold to silver ratio slightly above 80, the highest in about 20 years and the most extreme peak since the 2008 crash lows in gold and silver prices.

Silver Market Morning: March-4-2016

So if there is a body determined to hold prices down, they are paying a very heavy price in terms of market liquidity, in London, in particular. Now, U.S. investors will have to pay up to get supplies. Asia does not like rapidly rising prices so holds back when they go that way, leaving space for U.S. buyers to move in. U.S. buyers like to buy on a rising market.

March 3: Gold and Silver Gain Almost 2%

Gold held near unchanged in Asia and London, but it then jumped higher at times in New York and ended near its late session high of $1268.04 with a gain of 1.72%. Silver rose to as high as $15.307 and ended with a gain of 1.81%.

Steve St. Angelo: Continued Increase in Silver Eagle Buying

The U.S. Mint has been rationing the volume of silver eagles released to the public since July 2015. The Royal Canadian Mint has followed suit. The Australian Perth Mint, has increased their monthly production of silver coins more than two fold. - See more at: http://thedailycoin.org/?p=65039#sthash.33JQ6pWO.dpuf

Silver Market Morning: March-3-2016

London’s gold market is being bid for and there are two main contenders, apparently, the LME and the CME. The LME is owned by Hong Kong Exchanges and Clearing giving London a direct link to the Chinese market. For the London Bullion Market Association to remain relevant, it needs a link to the biggest physical gold market in the world. For it to go CME’s way it would be tied to the U.S. primarily paper market. Just as London is the developed world’s hub for Yuan trading so a tie to China’s gold market through the LME would keep London ‘relevant’ in the global gold market. This would enhance the structural reforms of the gold market being carried out in China and London right now.

March 2: Gold and Silver Gain With Stocks and Oil

Gold traded mostly lower in Asia and London, but it then climbed steadily higher in New York trade and ended near its early afternoon high of $1243.98 with a gain of 0.72%. Silver rose to as high as $15.017 and ended with a gain of 0.54%.

Silver Eagles Flying High!

Silver eagles are flying high! The U.S. Mint reports the first two months of 2016 indicates an annualized amount of American Silver Eagles between 55 and 60 MILLION ounces!! You read that right – 55 to 60 MILLION. We can only hope the U.S. Mint decides to continue rationing the amount of ounces released throughout 2016!!

Silver Market Morning: March-2-2016

Gold ETFs In yet another amazing week for gold demand in the U.S. and after Monday’s huge purchase of gold into the SPDR gold ETF of 14.869 tonnes we see another 8.921 tonnes bought yesterday and a purchase of 0.450 of a tonne into the Gold Trust. The holdings of the SPDR gold ETF are now at 786.195 tonnes and at 189.87 tonnes in the Gold Trust. And yet because of better data out of the States and an equity market rally, gold fell. Readers may feel that when there are such purchases the U.S. price of gold should rise automatically. But that’s not the way it works. HSBC is the Custodian of SPDR gold, so when the SPDR asks it to acquire gold for the company, HSBC must go into the physical market to buy it. It goes primarily into the physical market, most likely in London [if not from its own sources] to get it, not into the U.S. to get it. As a result, such demand does not impact the U.S. price of gold, initially. Now you have a situation where the supply and demand picture in gold is not reflected in the U.S. gold price, despite the fact that it is U.S. buyers of physical gold that’s buying so much. Yes, it is inevitable that at some point their buying will reflect in the gold price.

Can Silver See A Lower Low Without Gold and GDX?

For weeks we have been looking towards the 16 level as the point silver could be seen as breaking out. However, silver came right up to the line, but could not muster the strength to push forward. This past week, we saw silver break below our support of 14.80, which clearly is not a positive development. However, what we also know about silver is that it is the most volatile of the metals and often likes to come on strong from behind. You see, silver is the Secretariat of the metals world.

Silver is Destined for Massive Gains

One of the main reasons for silver being so depressed compared to the resilience that gold has shown is the incredible range of uses that silver has in the manufacturing of a vast number of products. This is a topic that we have covered here in the past that highlights why silver, with its dual purpose as both an industrial and monetary commodity, make it so desirable now and in the future.

March 1: Gold and Silver Fall Slightly While Stocks Gain Over 2%

Gold saw decent gains for most of trade in Asia and London before it fell to see an almost 1% loss by midmorning in New York, but it then bounced back higher into the close and ended with a loss of just 0.65%. Silver slipped to as low as $14.72 and ended with a loss of 0.27%.

Silver Market Morning: March-1-2016 -- Silver affirms its relationship with gold

Silver – Silver has re-affirmed its relationship with gold having recovered over 3% overnight. It must be understood that dealers will move prices when they feel that a fall is coming to protect themselves from buying silver when it is going to fall. When sales to them [purchases by them] arrive they don’t want to be caught long. So when their expectations are not met and they find they have to sell silver at those low prices, they quickly mark up prices even on small buying [selling by them].

February 29: Gold and Silver Gain Over 1%

Gold rose almost 1% in London before it fell back to nearly unchanged at about 8:30AM EST, but it then climbed to a new session high of $1241.02 in New York and ended with a gain of 1.28%. Silver rose to as high as $14.913 and ended with a gain of 1.29%.

Gold-Silver Ratio Breakout Report

The gold to silver ratio moved up very sharply this week, +4.2%. How did this happen? It was not because of a move in the price of gold, which barely budged this week. It was due entirely to silver being repriced 66 cents lower.

Silver Prices in Five Years?

What will the price of silver be in 2021? You can find articles suggesting the price of silver will be over $1,000 and under $10. Perhaps this is the wrong question. A better approach: The global financial system is increasingly unstable and fragile, more so than in 2008. The important question is: How will governments, central banks and financial systems respond to the ongoing crisis? Future prices for silver are dependent upon the answer to that question. I suggest three possible scenarios.

Silver Market Morning: February 27, 2016 -- Real Currency Wars on the way?

Indian demand remains on the sidelines until the Indian budget details are out, today. Demand was held back hoping for a cut in duties in the last week. If duties are cut then the demand will jump as buyers see up to a 10% cheaper price there. That brings prices down from [see below] nearly Rs.85,000 an ounce to Rs.76,500. That will draw out new Indian demand. It will also make it much more attractive for Indian investors as the ‘spread’ on prices will narrow significantly, making both trading and investment more attractive.

Eric Sprott: Silver is The Dark Horse (Video)

Mining silver and gold is a tough business. In order to mine either of these products (money) you need a steady stream of capital into your operation. As we have reported on a number of occasions throughout 2015, and into 2016, that capital is drying up or has left the market completely. This has been causing stress and strain within the mining industry, but not like you might think.

February 26: Gold and Silver End Slightly Lower on the Week

Gold fell $21.52 to as low as $1211.48 by late morning in New York before it bounced back higher in early afternoon trade, but it still ended with a loss of 0.71%. Silver slipped to as low as $14.672 and ended with a loss of 2.71%.

Silver Market Morning: February 27, 2016

More importantly and secondly, with the Indian budget coming up next week, the hope that government will lower the 10% of duties they imposed on gold imports will be lowered. This would reduce, if not eliminate, smuggling [possibly responsible for an extra 250+ tonnes extra of imported gold]. Then ‘official’ if not real, import figures would change. But right now we expect a shunt-effect as demand is held back to be released after the budget, whether or not duties are lowered.

Aggressive Silver Capping Continues

At some point, the question becomes "why". With gold now up 17% year-to-date, silver is up just half that amount at 9.5%. And yet, the latest CoT report shows the highest silver Commercial net short position since 2008. Again, why? Why now? That's truly the $64MM question. Why are The Silver Banks shorting so aggressively here? What's the difference in holding price below $16 versus $18 or $20?

February 25: Gold and Silver End Mixed Again

Gold rose almost 1% in Asia before it dipped to see a $3.16 loss at $1226.04 in morning New York trade, but it then climbed to a new session high of $1242.61 by early afternoon and ended with a gain of 0.31%. Silver slipped to as low as $15.031 before it also bounced back higher, but it still ended with a loss of 0.72%.

Silver Market Morning: Bears fighting a losing battle! | Feb-25-2016

While global growth continues to slow, we note that the Services sector in China is still growing fast. This is directly helping to create more middle class Chinese citizens. These continue to love gold as a fundamental investment. The performance of the Shanghai Composite index remains uninspiring, so solid, safe gold that the older people promote, holds a fundamental position in middle class wealth. The slowing GDP numbers from China belie such growth, but this is and will be a fundamental driver for gold for many years ahead.

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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