• Gold: 1,192.85 -0.56
  • Silver: 16.78 -0.02
  • Euro: 1.115 0.000
  • USDX: N/A N/A
  • Oil: N/A N/A

June 2: Gold and Silver Gain With Oil

2 hours 57 min ago

Gold edged down to $1185.93 in late Asian trade before it bumped up to $1196.29 at about 9:15AM EST and then chopped back lower at times, but it still ended with a gain of 0.34%. Silver rose to as high as $16.856 and ended with a gain of 0.36%.

Gold & Silver: The June Swoon - 8 hours 35 min ago

Silver Market Morning - 10 hours 41 min ago

Bikers, Bonds, and Black Swans - 1 day 7 hours ago

Silver Market Morning - 1 day 9 hours ago

Silver Market Morning

New York closed at $1,225.10 down $2.30 before Asia took it down to $1,220. The euro fell over half a cent to $1.2395. In London’s the gold Fixing was set at $1,223.50 up $4.00 and in the euro, at €984.31 up €3.374 while the euro was unchanged at $1.2430. Ahead of New York’s opening gold was trading in London at $1,225.00 and in the euro at €982.79.

CURRENT PRICE OF SILVER $50: Based On The Historic Oil-Silver Ratio

The current price of silver should be $50 an ounce, based on the historic 1960’s oil-silver ratio. Unfortunately, this is not the case as the world has siphoned the majority of its wealth into the highly leveraged financial paper industry… one that has no future.

December 11: Gold and Silver End Slightly Lower

Gold dropped down to $1216.21 at about 10AM EST before it jumped up to $1231.95 by early afternoon in New York, but it then fell back off into the close and ended with a loss of 0.19%. Silver slipped to as low as $16.931 and ended with a loss of 0.18%.

Silver Market Morning

New York closed at $1,227.40 down $2.20 before Asia took it down to $1,223. The euro recovered nearly a cent to $1.2460. In London’s the gold Fixing was set at $1,219.50 down $8.75 and in the euro, at €980.936 down €10.948 while the euro was half a cent stronger at $1.2432. Ahead of New York’s opening gold was trading in London at $1,221.00 and in the euro at €981.24.

December 10: Gold and Silver End Mixed While Stocks Drop

Gold climbed $8.63 to $1238.23 in Asia before it fell back to $1225.03 in London and then chopped back higher in morning New York trade, but it then drifted back lower in afternoon trade and ended with a loss of 0.18%. Silver rose to as high as $17.301 before it also fell back off, but it still ended with a gain of 0.24%.

Silver Demand for Industrial Applications Forecast to Reach Nearly 680 Million Ounces in 2018

Total silver industrial demand is forecast to grow 27 percent, adding an additional 142 million ounces of silver demand through 2018 compared with 2013 levels, according to a new report issued today by the Silver Institute. Half of this growth will be accounted for by the electrical and electronics sector, but additional demand will be due to growth in other industrial applications, as highlighted in the report entitled, “Glistening Particles of Industrial Silver.”

Silver Market Morning

New York closed at $1,229.60 up $24.60 before Asia took it up to $1,236 then down to $1,231. The euro recovered half a cent at $1.2388. In London’s the gold Fixing was set at $1,228.25 up $21.75 and in the euro, at €991.884 up €16.134 while the euro was slightly stronger at $1.2383. Ahead of New York’s opening gold was trading in London at $1,228.00 and in the euro at €992.16.

NEW UPDATE: Silver Eagle Sales Surpass 2013 Record At Nearly 43 Million

After the U.S. Mint updated its bullion figures on Monday, 2014 Silver Eagle sales reached a new annual record surpassing last years total by nearly 200,000. Not only was 2014 a banner year for world’s most sought after official coin, the Silver-Gold Eagle ratio also hit a new record high.

December 9: Gold and Silver Gain Over 2% and 4%

Gold climbed $29.19 to $1234.19 by late morning in New York before chopped back lower at times, but it still ended with a gain of 2.04%. Silver surged to as high as $17.205 and ended with a gain of 4.03%.

Silver Market Morning

New York closed at $1,205.00 up $13.60 before Asia held it there. The euro recovered nearly a cent at $1.2336. In London’s the gold Fixing was set at $1,206.50 up $11.25 and in the euro, barely changed, at €975.75 up €0.275 while the euro was stronger at $1.2365 over 1 cent higher. Ahead of New York’s opening gold was trading in London at $1,205.90 and in the euro at €975.92.

December 8: Gold and Silver Gain About 1%

Gold bumped up to $1197.94 by a little after 9AM EST before it fell back to unchanged at $1191.40 in the next couple of hours of trade, but jumped to a new session high of $1208.85 in early afternoon trade and ended with a gain of 1.14%. Silver surged to as high as $16.423 and ended with a gain of 0.55%.

The Mother of all Bank Runs!

Do you remember seeing old pictures of the Great Depression which depicted "lines"? There were two types, bread lines and also lines to the front doors of banks. While we don't see any bread lines today, trust me, there are bread lines in every single state, and long ones at that. Nearly 50 million people in the U.S. survive on SNAP, EBT cards or whatever they are called in your state. Can you imagine the "confidence" it would instill if each day on your way to work you saw massive lines of people waiting for breakfast?

Silver Market Morning

New York closed at $1,191.40 down $14.90 on the high of the week before Asia took it up slightly to $1,195. This was due to a falling euro which started the week at $1.2284. In London’s the gold Fixing was set at $1,195.25 down $8.75 and in the euro at €975.475 down €2.115 while the euro was weaker at $1.2253. Ahead of New York’s opening gold was trading in London at $1,195.20 and in the euro at €975.43.

TOP PRIMARY SILVER MINERS Q3 2014 RESULTS: Losses At $19

With all the third-quarter results finally out, the top primary silver miners as a group lost money producing silver at $19 an ounce. This is not good news as the current price of silver is nearly $3 lower. I would imagine the fourth quarter will be extremely painful for the primary silver mining industry that actually produces wealth, unlike the Banking community that behaves more like a BLOOD SUCKING LEECH.

December 5: Gold and Silver Gain Over 2% and 5% on the Week

Gold edged up to $1207.47 at about 8:15AM EST before it dropped to $1187.20 just after this morning’s jobs report was released and then bounced back higher at times, but it still ended with a loss of 1.24%. Silver slipped to as low as $16.22 and ended with a loss of 1.03%.

Market report: Post referendum bounce

It turns out the Swiss referendum last weekend which sought to force the Swiss National Bank to maintain 20% gold reserves was a red herring so far as precious metal markets are concerned.

December 4: Gold and Silver End Mixed Before Jobs Day

Gold dropped $8.61 to $1201.89 in London before it ran up to $1213.28 at about 9AM EST and then chopped back lower in New York, but it ended with a loss of just 0.35%. Silver slipped to $16.378 before it bumped up to $16.647 and then also fell back off, but it still ended with a gain of 0.24%.

Silver Market Morning

New York closed at $1,210.50 up $12.20 before Asia dropped the price to $1,206. In London’s the gold Fixing was set at $1,204.00 $0.75 and in the euro at €977.590 up €2.351 while the euro was weaker at $1.2316. There was one seller at the Fix selling 26,000 ounces and two buyers buying 20,000 ounces. Ahead of New York’s opening gold was trading in London at $1,203.10 and in the euro at €976.50.

December 3: Gold Gains 1% While Sliver Slips

Gold climbed $10.01 to $1208.31 in late Asian trade before it fell back to nearly unchanged at about 7AM EST, but it then rose to a new session high of $1213.83 in New York and ended with a gain of 1.02%. Silver edged up to $16.569 at one point, but it then chopped back lower at times and ended with a loss of 0.18%.

Silver Market Morning

New York closed at $1,198.30 down $14.30 before Asia took the gold price up to $1,206. In London’s the gold Fixing was set at $1,203.25 up $6.25 and in the euro at €975.239 up €12.556 while the euro was a cent weaker at $1.2338. There were two sellers at the Fix selling 22,000 ounces and two buyers buying 26,000 ounces. Ahead of New York’s opening gold was trading in London at $1,204.00 and in the euro at €976.72.

Liberty Dollar founder avoids imprisonment in sentencing

We have it only through a reliable intermediary that Liberty Dollar founder Bernard von Not Haus, convicted rather strangely almost four years ago of counterfeiting for issuing silver coins worth more than the originals they were supposed to be imitating, received a lenient sentence today from Judge Richard Voorhees in U.S. District Court for the Western District of North Carolina -- six months of home confinement and three years of probation.

MASSIVE INDIAN SILVER IMPORTS: Setting Up For Another Big Record Year

With the paper price of silver now below the break-even for the majority of the primary silver mining companies, India imported a massive 1,243 metric tons of silver in October alone. What is quite interesting about this figure is that it comes in at one metric ton shy of the previous record set in May, 2011 at 1,244 mt.

December 2: Gold Dips and Silver Slips

Gold dropped $20 to $1192.60 in late Asian trade before it bounced back higher in London and New York, but it still ended with a loss of 1.18%. Silver slipped to as low as $16.084 and ended with a loss of 0.12%.

Silver Open Interest Anomaly

Each week the CFTC publishes data from futures and options contracts for many commodities. Open interest shows the number of open contracts – one long for each short – in a particular commodity, say silver.

Santacruz Silver Reports Third Quarter 2014 Financial Results

"The third quarter has seen continued improvements at the Rosario Mine. Most importantly we have seen a significant increase in our revenues while at the same time a continuous reduction in our operating costs per silver equivalent ounce resulting in positive cash flow of $464,000 at our Rosario Mine during the quarter."

Gold Nugget Interview: Mr. Brendan Cahill, CEO & President, Excellon Resources (TSX: EXN | US: EXLLF)

Mr. Cahill was previously Vice President Corporate Development of Pelangio Exploration Inc., a junior gold exploration company active in Ghana, West Africa. Prior to Pelangio, Mr. Cahill was a lawyer in the M&A and corporate securities practices at Davies Ward Phillips & Vineberg LLP. At Davies, he advised on public and private transactions valued at over $15 billion, including Barrick's acquisition of Placer Dome in 2005. He also advised on public offerings totaling over $2 billion dollars for various Canadian companies. Mr. Cahill is a member of the Young Presidents' Organization, the Law Society of Upper Canada and a board member of the Mining Association of Canada. Mr. Cahill holds a law degree from the University of Western Ontario and an undergraduate degree from the University of Toronto.

Why You Should Buy Silver Before It’s Too Late

Too often silver falls in the shadow of its flashy, favored cousin gold, but the precious metal grabbed headlines last week when a 117-year-old tradition came to an end.

Gold, Silver, Crude and S&P Ending Wedge Patterns

Gold and silver look like they have bottomed – again. Perhaps this time it will be a real bottom instead of another fake-out like December 2013 and June 2014. Demand is strong for physical gold and silver, but the supply of naked paper shorts on the COMEX is even larger. This will change. I see prices under $20 as a strong buy zone since I believe that $100 silver is only a few years away.

James Turk: Erosion of Trust Will Drive Gold Higher

James Turk, founder of precious metals accumulation pioneer GoldMoney, has over 40 years' experience in international banking, finance, and investments. He began his career at the Chase Manhattan Bank and in 1983 was appointed manager of the commodity department of the Abu Dhabi Investment Authority.

U.S. MINT SILVER EAGLES: Record Demand On Manipulated Low Paper Price

Investors snatched up a record number of Silver Eagles as the paper price was manipulated to new lows today. This is a very strange market phenomenon, as several “Official” analysts forecasted a drop or sell-off of physical metal if the price continued to decline.

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.

All NEW GoldReview.com Launches!

We are extremely pleased and excited to announce a new resource for the silver and gold community! GoldReview.com is a one-stop SILVER & GOLD News Headlines website providing you with a quick and easy overview of the global precious metals markets. Covering gold and silver’s price moves to gold and silver stock updates along with international golden perspectives to breaking sector news plus much more! The all new GoldReview.com has all you need to stay on top of what is happening with the active gold and silver markets.

SilverSeek.com 2013 Virtual Silver Investment Conference: THURSDAY - JANUARY 31

SilverSeek.com’s 2013 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 9:30am Eastern on THURSDAY, January 31st.

LIVE - TODAY! Virtual Silver Investment Conference - THURSDAY, Jan-31

SilverSeek.com’s 2013 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 9:30am Eastern on THURSDAY, January 31st.

Could the Confirmation of the Breakdown in Silver be Consequential?

Investors sentiment for precious metals and gold and silver mining stocks has deteriorated quite substantially recently. And silver is no exception here, which can be seen on the white metal charts. However, the situation in the whole sector is extreme – the oversold readings on many technical indicators and the fact that very important support lines are currently in play in virtually any asset in the sector form a setup as (or even more) encouraging for potential buyers as what we saw in 2008. To see what we can expect on the silver market, let us move into today’s technical part – we will start with the white metal’s very long-term chart.

A New Silver Producer on the Rise

The latest price declines of gold and silver resulted in mining stocks tumbling heavily, whereas some stocks notably bottomed and started healthy rebounds most recently. Among our favorite stocks for short- and long-term recoveries is the new silver producer Santacruz Silver Mining Ltd. (TSX-V: SCZ; Frankfurt: 1SZ) which announced the start of commercial production of its 100% owned Rosario Mine in the Mexican state San Luis Potosi last week.

COMEX Silver Inventory Update: -878,025.900 ounces

COMEX Silver Inventory Update: -878,025.900 ounces

Silver Aiding New Medical Technologies

Recent advances in biotechnology have brought a focus on silver's centuries-old role in medicine; that of acting as an important weapon in the fight against infection and disease. Silver is a critical element in bandages used to treat wounds and reduce the threat of infections in difficult environments. It has also been a key component of treatment in hospitals to reduce the spread of surgical infections in the operating room and in patient care areas.

GET READY: The Great Transfer of Wealth in Gold & Silver is Coming

The U.S. Economy stands at the edge of the abyss while the financial MSM debates whether or not the FED will taper in the fall. Silly analysts. Serious cracks are beginning to appear in the economy while the precious metals have now seemingly decoupled from the broader stock market in a big way.

Wild Price Changes in Silver

I have been a bit amazed by silver's wild price changes lately. People have asked me to comment on it. I have my thoughts, so I'll share. The price swings reinforce that the silver market is tiny, and the paper money markets are oversized. The price swings show that the paper money market is gravely threatened by the silver market.

September 18: Gold and Silver Soar Over 4% and 6% Higher After Fed Fails to Taper

Gold dropped $18.50 to $1291.40 in Asia before it rebounded to $1307.52 in London and then fell back to $1296.00 by a little before 10AM EST, but all bets were off when it became time for the fed’s highly anticipated announcement on possible tapering of its stimulus program. Gold initially climbed up to $1312.02 just before the announcement and then jumped to $1349.35 just after the announcement before it pared its gains a bit in the next hour of trade, but it then climbed to a new session high of $1367.20 in the last hour of trade and ended with a gain of 4.31%. Silver slipped $0.52 to $21.20 at about noon EST, but it then soared to as high as $23.213 and ended with a gain of 6.31%.

2012 Silver Baron Award winner Brad Cooke

Brad Cooke, the CEO of Endeavour Silver (NYSE:EXK) and 2012 winner of the Silver Baron Award, chats with Vanessa Collette about exciting developments he's overseeing at his company.

Total Physical Silver Demand Achieves Record Level in 2013

Total physical silver demand rose by 13 percent in 2013 to an all-time high, according to “World Silver Survey 2014″, released today by the Silver Institute. This was primarily driven by the 76 percent increase in retail investment in bars and coins coupled with a sturdy recovery in jewelry and silverware fabrication. On the supply side, silver scrap fell by 24 percent, experiencing the largest drop on record to reach its lowest level since 2001. The silver price averaged $23.79 in 2013, the third highest nominal average price on record, in a particularly volatile year for the entire precious metals complex.

An Open Letter to Mining Company Executives

Please accept my sincere condolences on the continuing suppression of metal prices. As a stock holder in your company, I share your concern that an unrelenting environment of depressed metal prices will inevitably cause damage to your mining company. I will not insult your intelligence by dwelling on the long term solution that you are so very well aware of (i.e., reduce mining output at low prices, both as a way to pressure prices higher, and as a way to conserve your precious in ground resource for times when prices are more favorable). Instead, I hope to suggest short term tactics that could help to restore higher prices.

The Silver Saga

The silver standard did not die a natural death. It was deliberately killed. A proper search for the assassins was never carried out. There was never a post-mortem. In this paper we focus on the conspiracy as it might have unfolded between the two dates: April 9, 1865 (the day General Lee of the Confederacy surrendered at Appomattox to General Grant of the Union marking the end of the War Between the States) and January 1, 1879 (Resumption Day, when payment of the victorious Union’s currency, the greenback was resumed in gold specie ̶ but not in silver).

Silver: The Noise is Deafening!

The weak prices for silver and gold during the past three years are a correction to the massive run-up in prices from October 2008 – mid 2011. During that time silver increased from a low of $8.53 to a high of nearly $50.00. Gold increased from a low under $700 to a high over $1,900. They have been correcting since then. The correction is, I expect, over – FINALLY.

The Forces That Will Push Silver Over $100

There are tremendous forces at work that will push silver over $100 an ounce. Very few precious metal analysts understand all the forces that are at work. Some analysts focus on specific areas such as the gold-silver ratio and technical analysis, while others write about future investment and industrial demand. And then of course, we have the more unorthodox analysts who delve into the ongoing manipulation of gold and silver -- a realization shared by the author of this article.

Shanghai Silver Stocks Fall Nearly 50% Since April

Ever since the take-down of the price of silver in April, silver warehouse stocks have been declining in a large way at the Shanghai Futures Exchange. At the peak on April 12th, the Shanghai Futures Exchange held 1,124 tonnes of silver at its warehouses. However, just six weeks later, 360 tonnes or 32% were removed.

When it comes to silver investing, in Ron Paul I trust

Truth be told the main reason I started investing in precious metals is Ron Paul. And, truth be told, the main reason I’m not interested in selling any of my silver or gold (or mining stocks) is also Ron Paul.

Should I bet the house on silver?

A life event recently tested how strong my convictions are on the question of where silver and gold prices are headed in the next 12 or so months. What happened is I received notice from a tenant of mine informing me he is not renewing his lease when it expires at the end of May.

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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