• 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

3 hours 56 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%.

SilverCrest Announces Additional High Grade Underground Results At Las Chispas; Commencement of Surface Drilling Program

N. Eric Fier, CPG, P.Eng, President & CEO stated, “We continue to systematically complete our planned underground rehabilitation program at Las Chispas to evaluate areas of known high grade silver-gold mineralization. To date, we have accessed two kilometres of the estimated six kilometres of underground workings. Our first detailed underground channel sampling, as reported below, indicates continuous high grade areas that are easily accessible for potential future mining. In late March, we also commenced a surface drilling program to test extensions of known mineralized veins for potential new discoveries. For the next three months, we will be focusing on continually accessing historical underground workings to assess further high grade continuous mineralization.”

Silver Market Morning: April-28-2016 -- The falling dollar boosts dollar silver price!

The Shanghai Gold Fixings are now showing just how currency moves are affecting the gold price. Overnight the dollar has weakened in a host of currencies including the Yuan. Please note that this rise in the gold price is not Yuan strength but dollar weakening. As a result, while there were only slight moves inside China in the Yuan gold Price, in dollar terms the moves were compounded by the weak dollar.

Silver Sell Signal Begins Its Long Term Rise

It may seem odd talking about sell signals at the beginning of a new bull market for silver, but let us get into perspective what bull markets are all about. Silver has seen strong buying in the retail sector as investors snap up silver eagles and similar bullion coins. Likewise, the silver ETFs as a group are near record levels.

Grave Silver Mistake

This is a measure of silver stocks moving from one place to another. This statistic might be important to businesses in the trade, such as refiners and depositories. It is not useful in predicting the price. Ironically, the big gain in ETF inventories may be metal coming from Asia. Metal flows from where it is cheaper to where it is priced more richly. If speculators relentlessly push up the ask price on the ETFs, then they will draw in metal from where it is cheaper. To underscore our point about abundance, isn’t this a sign of it? The marginal use of metal is to go into paper vehicles designed to let asset managers speculate on the price of silver using an equity.

Silver Bullion “Momentum Building” As “Supply Trouble Brewing”

“There are signs that this year could be a pivotal year for the silver market,” New York-based CPM Group said in its “Silver Yearbook 2016.” “Silver mine supply is forecast to decline for the first time in 2016, since 2011,” CPM said, noting scheduled closures and planned production cutbacks.

Silver Market Morning: April-27-2016 -- Will the Fed booost Silver prices?

At the start of the week the Shanghai Gold Fixings were higher than those in London, but today we see them very much in line with New York, transitioning into London’s opening. So we can say that at the start of the process it appears that there is a ’24-hour market’ for gold. Time will tell if this continues and how the pricing power changes.

Silver Price Forecast: Silver Rally Will Bring Bond Market Collapse

On the charts, I have shown how interest rates and silver prices have moved together during the first phase of the 70s silver bull market (1971 to 1974), as well as the second phase (1976 to 1980). I have also marked the big divergence that occurred from 2001 to 2011 (the first phase of the silver bull market). This is the biggest period of divergence over the last 100 years. Since silver and interest rate are positively correlated in the long run, it is almost guaranteed that they will move together (up) during the next phase of the silver bull market. A spike in interest rates (meaning – a collapse of bonds) will provide an explosive boost to the coming silver rally.

Silver Market Morning: April-26-2016 -- Silver price waiting for the Fed!

Today, the FOMC meets with little prospect if any, of a rate rise. The focus is on the statement that comes out of the meeting tomorrow. What we all are fully aware of is that the Fed does not want to see a stronger dollar. Indeed it would prefer to see a weaker dollar. Currently the policies of the E.U. and Japan, no matter what they say are designed to weaken their respective currencies.

Silver Market Morning: April-25-2016 -- Silver holding higher levels

The gold price is being pulled back not only by a weaker euro but by the upcoming FOMC meeting and that of the Bank of Japan. We do not expect any rate change from the FOMC but continued talk of how vulnerable the U.S. economy is to the global economy and a strong dollar. We expect that for the remainder of the year the Fed will be keenly watching U.S. data and will react to any strengthening of the Dollar negatively.

Silver’s on Fire

To be conservative—though this risks missing a quick collapse—one should wait to see the momentum peter out. As we often say at times of bearishness, we NEVER RECOMMEND NAKED SHORTING a monetary metal. The way to play this move would be to go long gold and short silver. If the gold silver ratio is 70, short 70 ounces of silver for every ounce of gold you buy. 70 would be an attractive entry point (assuming momentum dies by then). If the ratio rises to 83, then you have a gain of over 18.5%. For example, if you buy 100oz gold and short 7,000 oz silver, you will pick up over 15.6 ounces of gold.

Silver Commitments of Traders – Halloween is Arriving Early This Year

By that I mean, it just keeps getting scarier and scarier. My guess is that every speculator on the planet is long silver/short gold or outright long silver. That of course is an exaggeration but I am not exaggerating when I categorically state that the silver market is a train wreck just waiting to happen. As I have said before, and will say so again – I would rather miss any more upside in this market than get long now, not with a trade so lopsidedly jammed with speculators on the long side. I will leave that for the daredevils and others who like driving the stagecoach as close to the edge of the mountain pass road as they possibly can.

Silver Market Morning: April-22-2016 -- Dollar rising, Silver soaring!

Mario Draghi and the E.C.B. did not raise rates, which was expected, but he did open the door to negative interest rates in the future. This sent the euro weaker, but as in the past we do not expect this to last. The determination of the U.S. market forces is for a lower dollar and we have no doubt that is what we are headed for. After all it’s one thing to talk and another to act. Germany’s wish to see the end of such stimulus was dismissed by Draghi, otherwise the euro would have been stronger today. In Japan the talk of deeper negative interest rates also weakened the Yen, to 111 against the dollar.

Blow Off in Progress but ‘Launch Phase’ Confirmed

For months now we have speculated in NFTRH that a new inflation phase is in the offing (after the first mover, gold, rises amid global economic contraction) and the thrust off the bottom in the precious metals complex and now the rest of the commodity pack, indicates it is here. However, a mini blow off within the launch phase in silver is happening right now and this will eventually bring a reaction (momentum will blow out when it blows out, which is how blow offs work), which is not likely to be a gentle sideways consolidation. What is happening now is like a microcosm of spring 2011, only a coming correction would very likely not be terminal. Its job will be to confirm a new ‘inflation bull’ market. Watch the precious metals as always, for the early clues.

Fun with Comex Silver Open Interest

Gold prices remain firm today...with the exception of the $5 drop at the London PM Fix...and they remain at a critical juncture. Price needs to...

Silver Market Morning: April-19-2016 -- Gold rising, silver soaring!

Silver – The silver price is amazing all as it continues to soar. Since yesterday it has risen 3.71%. It does appear to have a very long way to go up still, running ahead of the gold price. While the two metals are usually treated as monetary metals [alternatives to currencies] silver’s historic price performance is far more vigorous than gold and far more volatile. It is a narrower market than gold, which has many facets in its monetary role. Nevertheless, right now retail investors as well as institutional investors note its historic performance [peak $50 an ounce] and Technical background which points to a sterling performance.

Here’s what’s behind silver’s sterling rally (CNBC video)

Silver has enjoyed an incredible surge recently, but some analysts doubt the sustainability of the metal's rally.

Silver Trades at 11-month Highs

"High-flying silver futures continued to trade at 11-month highs in Wednesday action due to industrial demand, while gold slipped after earlier tapping the closely watched $1,250 per ounce level. Global economic recovery hopes are helping silver to gain ground on gold, a largely financial market-driven instrument used as a hedge and for other purposes. The gold/silver ratio has dropped to below 74, its lowest level since early November. Silver futures are up about 23% this year, outperforming gold’s 18% rise. In early Wednesday trading, silver for May SIK6, +0.72% delivery advanced 4 cents, or 0.3%, to $17.02 an ounce on Comex. Silver earlier tickled $17.26 and is trading at its highest since late May, according to FactSet."

Silver Bullion “Has So Much More to Give” – 5 Charts Show

“Silver has the best-looking chart among all the commodities,” said Andy Pfaff, who as chief investment officer for commodities at MitonOptimal Group in Cape Town increased his allocation to the metal over the past two weeks. “When silver moves, it really, really moves, and everyone wants to be on the right side of that trade.” The metal is up more than 11 percent in the last two weeks after underperforming gold in the first quarter on concerns slow Chinese growth would curb demand in the biggest consumer of commodities. While both are precious metals, silver has more uses in manufacturing. Silver traded at $16.909 an ounce on Wednesday."

Silver Warming Up Nicely

 Since silver hit a low of $13.63 on the 14th December last year, it has been generally up for silver with some predictably wild turns on the...

Silver Prices May Be Ready to Shine - After a tremendous five-year fall, the price of silver is slowly creeping higher

"Is it time to add a little silver to the mix in your portfolio? Investors doing so will need to be cautious and patient at the same time. The market has certainly bounced considerably recently following a brutal years-long bear market where the value of the metal fell dramatically. The slide in prices started in early 2011, when the price fell from $48.70 a troy ounce to $13.71 by late last year, according to data from the London Bullion Market Association. Prices have subsequently rebounded to more than $16 an ounce as investors piled in. "We are seeing very strong investment demand and that makes me think silver prices can move higher," says Jeff Christian, managing partner at consulting firm CPM Group in New York, and a multi-decade veteran of the commodity markets."

Silver futures post highest close in nearly a year

Silver futures rallied Tuesday, posting their highest finish in almost a year, while gold futures rose to a one week high, with the U.S. dollar-denominated metals getting a boost from weaker greenback. Silver for May SIK6, +4.41% delivery advanced 71.9 cents, or 4.4%, to settle $16.972 an ounce on Comex. That’s the highest close since late May, according to FactSet.

Silver Market Morning: April-19-2016 -- Yuan Gold Fix arrives!

Yuan Gold Fix The Shanghai Gold Exchange set the price at 256.92 Yuan a gram ($1,234.05 an ounce) at the 10:30 a.m. session after members of the exchange submitted buy and sell orders for metal of 99.99% purity. You will find a $2 or $3 variation dependent on what exchange rate you use and if you use the bid or ask sides of the exchange rate. To get the price in dollars, one will have to take the SGE gold price and divide it by 32.1507465 x 1,000 to get a price per ounce in Yuan. Then divide this price by the $: Yuan exchange rate at the time of the Fix. E.g. 256.92 / 32.1507465 x 1,000 /6.4746 = $1,234.22. We discuss these in our newsletters – subscribe now! Members include Chinese banks, jewelers, miners and the local units of Standard Chartered Plc and Australia & New Zealand Banking Group Ltd. It is convincing that the first Shanghai Gold Fix was in line with the London prices. We do expect divergences in time, but for now both are on the same page. We have no doubt that when these divergences appear, they will be because China decides they will.

Silver Price Forecast 2016: A Powerful Signal for the Coming Silver Rally

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. Due to the nature of this relationship, I have found the USD/ZAR chart to be a good tool for determining a silver bottom. In Jan 1980, when silver peaked at about $50, the USD/ZAR was trading at around 0.817. Today, the USD/ZAR rate is trading at about 14.366 – about 17.6 times higher than the Jan 1980 rate,whereas silver is trading at $16.2 – almost three times lower than the Jan 1980 high.

Silver Market Morning: April-18-2016

Gold ETFs - We saw more large purchases of 5,647 tonnes, after last week’s big sales of over 8 tonnes, of gold into the SPDR gold ETF but nothing in or out of the Gold Trust on Friday. This leaves their holdings at 812.462 and 188.04 tonnes in the SPDR & Gold Trust respectively. These purchases were well placed to take advantage of what we expect later this week in the gold price.

The Gold-Silver Opposites Report: 17 Apr, 2016

Well that was interesting. Gold went down over thirty bucks and silver went up over thirty cents. How much longer can this silver rally continue in the face of gold’s nonparticipation? Will speculators really be comfortable bidding silver up to $20 while gold sits at $1200? Do the fundamentals support a higher silver price?

COMEX Silver Inventory Update: -1,329,524.330 ounces

COMEX Silver Inventory Update: -1,329,524.330 ounces

July 27: Gold and Silver Gain About 2% on the Week

Gold climbed almost 1% to $1629.31 at around 8:20AM EST before it drifted back lower at times in New York, but it then bounced back higher in late trade and ended with a gain of 0.48%. Silver surged to as high as $27.839 before it also fell back off at times, but it still ended with a gain of 0.98%.

COMEX Silver Inventory Update: -287,542.774 ounces

COMEX Silver Inventory Update: -287,542.774 ounces

iShares Silver Trust: 9,759.01 tonnes

iShares Silver Trust: 9,759.01 tonnes

First Majestic Reports Second Quarter Financial Results

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce the unaudited condensed interim consolidated financial results for the Company for the second quarter ending June 30, 2012. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

SilverCrest Announces Trading on NYSE MKT to Commence August 27, 2012

SilverCrest Mines Inc. (SVL.V)(STVZF) ("SilverCrest" or the "Company") is pleased to announce that its common shares have been authorized for listing on the NYSE MKT in New York. The shares will begin trading on the NYSE MKT on August 27, 2012 under the trading symbol "SVLC". The Company's common shares will continue to be listed on the TSX Venture Exchange under the trading symbol "SVL".

COMEX Silver Inventory Update: +555,536.41 ounces

COMEX Silver Inventory Update: +555,536.41 ounces

September 4: Gold and Silver Gain With Dollar

Gold fell a few dollars from last Friday’s close to $1688.31 by a little after 9:30AM EST before it jumped back to $1698.76 in the next half hour of trade and then drifted back lower midday, but it then rallied back higher in late trade and ended with a gain of 0.21%. Silver climbed to $32.27 in Asia before it slipped to $31.90 in London, but it then climbed to as high as $32.40 in New York and ended with a gain of 1.84%.

Fed launches big stimulus, to buy bonds until jobs rebound

The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially.

September 20: Gold and Silver End Mixed

Gold fell $14.70 to $1755.80 at about 6:20AM EST, but it then rose to as high as $1770.42 in New York and ended with a loss of just 0.12%. Silver slipped to as low as $34.084 in London, but it also rallied back higher in New York and ended near its midday high of $34.692 with a gain of 0.03%.

September 26: Gold and Silver End Mixed

Gold dropped $24.60 to $1736.80 by a little before 11AM EST before it bounced back higher midday, but it still ended with a loss of 0.57%. Silver slipped to as low as $33.32 by a little after 8AM EST, but it then rallied back higher throughout most of the rest of trade and ended with a gain of 0.56%.

October 4: Gold and Silver Gain With Stocks and Oil

Gold climbed $16.56 to $1795.06 just before 2PM EST before it pared its gains a bit after the fed released Minutes from their September 12th meeting, but it still ended with a gain of 0.69%. Silver rose to $35.092 in early New York trade before it fell back to $34.655 in the next 15 minutes of trade, but it then rallied back higher for most of the rest of trade and ended with a gain of 1.16%.

COMEX Silver Inventory Update: -379,504.528 ounces

COMEX Silver Inventory Update: -379,504.528 ounces

Fortuna reports record production of 1,027,741 ounces of silver and 5,348 ounces of gold for the third quarter 2012

Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F) announces production figures for the third quarter of 2012 from its two 100% owned operating underground mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru.

COMEX Silver Inventory Update: +561,944.440 ounces

COMEX Silver Inventory Update: +561,944.440 ounces

October 17: Gold and Silver Gain While Dollar Drops

Gold climbed up to $1753.30 in Asia before it fell back to $1742.79 by a little before 10AM EST, but it then rallied back higher in the next couple of hours of trade and ended with a gain of 0.6%. Silver rose to $33.14 before it fell back to $32.847, but it then rose to a new session high of $33.255 and ended with a gain of 0.61%.

Silver Stocks vs. Palladium

Before making any investment decision it’s usually good to look at the situation from different perspectives and make sure that the action that you are about to take is really justified. In fact, the same is the case with any other decision as well. In the precious metals market the analysis of gold is usually supplemented by the analysis of silver and gold stocks. At times, analysts focus on other markets that often influence metals: currencies and the general stock market.

November 9: Gold and Silver Gain Over 3% and 5% on the Week

Gold fell $5.72 to $1727.08 by a little after 8AM EST before it climbed to as high as $1738.67 in the next couple of hours of trade, but it then fell back off into the close and ended with a loss of 0.1%. Silver slipped to $32.057 before it shot up to $32.775 and then also fell back off, but it still ended with a gain of 0.46%.

Silver Market Morning

New York closed at $1,711.9 down just over $2.00 on Friday. This morning, Asia and London dealers took higher to trade at $1,723.45 ahead of London’s opening. It was Fixed at $1,723.25 up $13.25 and in the euro at €1,349.663 up €7 from yesterday while the euro was at €1: $1.2768. Ahead of New York’s opening, gold was slightly stronger at $1,724.45 and in the euro at €1,350.49.

Silver Market Morning

New York closed at $1,729.20 up $1.50 on yesterday. This morning, Asian and London dealers took the gold price higher to trade at $1,729.70 ahead of London’s opening. It was Fixed at $1,729.75 up $3.00 on yesterday morning’s Fix. In the euro it was Fixed at €1,344.226 down €6.5 from yesterday while the euro was stronger at €1: $1.2868. Ahead of New York’s opening, gold was almost the same at $1,730.25 and in the euro at €1,343.73.

Silver Market Morning

New York closed at $1,729.20 barely changed on yesterday. This morning, Asian and London dealers took the gold price higher to trade at $1,734 ahead of London’s opening. It was Fixed at $1,734.75 up $5.00 on yesterday morning’s Fix. In the euro it was Fixed at €1,345.393 up €1 from yesterday while the euro was slightly stronger at €1: $1.2894. Ahead of New York’s opening, gold was almost the same at $1,733.79 and in the euro at €1,343.73.

November 30: Gold and Silver Fall Almost 2% on the Week

Gold gained $6 to $1731.60 in Asia, but it then fell to as low as $1708.39 in New York and ended with a loss of 0.72%. Silver slumped to as low as $33.151 and ended with a loss of 2.43%.

Silver Market Morning

New York closed at $1,715.20 yesterday. This morning, Asian dealers pushed prices down, unusually, to $1,705 before London opened. It was Fixed at $1,703.00 down $3.75 on yesterday’s Fix. In the euro it was Fixed at €1,300.794 down €5.354 while the euro was stronger at €1: $1.3092 and stabilizing. Ahead of New York’s opening, gold was $1,702.5 and in the euro at €1,301.01.

December 10: Gold and Silver Gain With Stocks

Gold climbed to as high as $1717.20 by about 8:30AM EST before it drifted back lower for most of the rest of trade, but it still ended with a gain of 0.44%. Silver rose to as high as $33.415 ended with a gain of 0.39%.

December 11: Gold and Silver End Slightly Lower

Gold climbed $2.70 to $1714.30 by a little before 8AM EST before it fell back to $1704.82 in the next two and a half hours of trade, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.09%. Silver bumped up to $33.22 before it dropped back to $32.758 and then bounced back higher, but it still ended with a loss of 0.72%.

The Silver Institute

Silver is indispensable. From industrial use to decoration, technology, photography and medicine, its unique properties of strength, malleability...

Pure Bull

PM prices hit yesterday on “supposed” fears that the clueless Fed didn’t announce enough MONEY PRINTING – though they did EXACTLY what was expected – and “deflation fears” when the Dow tanked mid-Afternoon in response to rumors of the long-awaited Moody’s downgrades, announced after the market close. Like the Fed announcement, no one can claim anything was “unexpected” about these downgrades – and, more importantly, such downgrades (in freely traded markets) are PM BULLISH.

Silver Market Morning

Gold closed in New York at $1,573 again. London moved down only slightly to $1,569, while the euro weakened slightly to €1: $1.2450, 50 cents lower. The gold Fix was set at $1,567.75 the same as yesterday and in the euro €1,261.466, €6 higher. Ahead of New York’s opening, gold stood at $1,571.30 and in the euro, €1,260.97 while the euro was at €1: $1.2461.

Silver’s split personality feeds steep price drop

Silver’s split personality as an industrial and precious metal contributed to a steep drop for the second quarter, as the metal’s economic demand prospects and safe-haven appeal duel for investors’ attention.

Silver Market Morning

Gold closed in New York at $1,576.60 up $8. Asia and London took it down $10 to $1,566 as the euro continued to fall and ahead of London’s morning Fix today was set at $1,565.50 down $11 and in the euro at €1,281.097 down €3, while the euro stood at €1: $1.2220 down another 50 cents. Ahead of New York’s opening gold stood at $1,564.10 in the middle and in the euro at €1,284.84 almost unchanged on yesterday.

COMEX Silver Inventory Update: -378,196.144 ounces

COMEX Silver Inventory Update: -378,196.144 ounces

Gold & Silver Fear Indexes

A discussion with James Turk this week renewed my interest in his Fear Index. So I decided to calculate the current figure. Given the 2.8% GFI figure listed in the equation below, clearly the gold market mania phase is only beginning, when compared to the 1980's peak.

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 ("...

Silver Market Morning

After a weekend of critical European elections the gold price started the week in Asia lower at $1,638 lower in the dollar [-$3] but higher in the euro at just below €1: $1.30 then recovered. In the euro the gold price stood at €1,260 up €20 just ahead of London’s opening. There is no Fixing in London today as it is a public holiday. Ahead of New York’s opening it stood at $1,641.25 and in the euro €1,258.53 while the euro was at €1: $1.3041.

Whatever It Takes

The world’s markets are alight with excitement regarding the brain-dead repetition of ECB head Mario Draghi stating he’ll do “whatever it takes” to save the Euro. In other words, what he’s said – and DONE – all along, PRINT MONEY, MANIPULATE MARKETS, and disseminate PROPAGANDA.

July 30: Gold and Silver End Mixed

Gold fell $9.32 to $1614.08 by about 8:30AM EST, but it then climbed to as high as $1624.86 in afternoon New York trade and ended with a loss of 0.08%. Silver slipped to $27.53 in Asia, but it then rose to as high as $28.23 in New York and ended with a gain of 1.55%.

Extorre Comments on YPF Developments in Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2012) - Extorre Gold Mines Limited (TSX:XG.TO) (NYSE...

GATA's Chris Powell on the Silver Manipulation Probe & the Fed Gold Audit!

Welcome to Capital Account. JP Morgan said in a court filing that PFG's subpoena of the bank may be overly burdensome. Will JP Morgan find a way to get out of it? It looks like they could be off the hook for accusations of silver manipulation. The Financial Times reported US regulators are increasingly likely to drop the four year investigation of silver manipulation, failing to find enough evidence. Bart Chilton, CFTC Commissioner, told a Motley Fool reporter that this FT report is premature and inaccurate. We find out what Chris Powell, co-founder and treasurer of the Gold Anti- Trust Action Committee, thinks.

Target 1 reached on silver (update on gold)

The initial profit taking target of the "Descending Triangle" pattern of the daily chart (right hand side below) on silver has been reached. The "Head and Shoulders" pattern on the daily chart is still in play.

Fighting Headwinds

This morning, PMs have been fighting the (coerced) headwinds created by the “debate” of whether an official, overt “QE3” program will be launched by the Fed, and WHEN. Why anyone would believe Bernanke would introduce – or even hint at – such a plan at Congressional hearings is beyond me, as such an occurrence has NEVER occurred in U.S. history.

Bolivia says may compensate South American Silver

The Bolivian government is willing to compensate South American Silver Corp for revoking its concession on the Malku Khota project, but it will be far less than the $16 million the company says it has invested, the country's vice president said on Thursday.

Euro shorts smell blood

Within the eurozone there are great stresses. At one extreme there are punitive costs of borrowing for Greece, Cyprus, Portugal, Ireland, Spain and Italy; at the other there is zero or negative interest rates for Germany, the Netherlands and Finland. Doubtless the first group begets the second, as captive investors in euros have to buy government bonds, and this requirement is being funnelled away from risk into safety.

Weekend Update - Silver

In Silver the volume has barely been 40,000 contracts lately on the daily chart, and "Open Interest" is around 120,000 contracts. Those traders who currently have a big position in Silver have a "ruling" hand right now. Should large orders "at the market" come in to cover shorts, or liquidate long positions it is likely to cause violent price action out of nowhere.

The Silver Rush at MF Global

Investors are furious that they can't get back the gold and silver they stashed with the failed brokerage. It's one thing for $1.2...

Silvercorp Reports 4.34 Metre Interception (True Width) of 642 Gram Per Tonne of Silver and 1.0 Gram Per Tonne Gold for Vein LM5W at the LM Mine, Ying Mining District, Henan Province, China

Silvercorp Metals Inc. (TSX: SVM.TO)(NYSE: SVM) ("Silvercorp") is pleased to report the results of its successful 2011 underground diamond...

NYMEX Daily Reports

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Silver Futures

Daily Settlements for Silver Futures (PRELIMINARY)

June 12: Gold and Silver Gain About 1%

Gold fell $13.81 to $1586.39 by a little before 6AM EST, but it then shot back higher in morning New York trade and ended near its midday high of $1617.38 with a gain of 0.71%. Silver surged to as high as $29.042 and ended with a gain of 1.29%.

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