• Gold: 1,193.57 -2.76
  • Silver: 15.84 0.10
  • Euro: 1.235 -0.016
  • USDX: 88.279 0.638
  • Oil: 56.51 0.75

Silver Prices to Outperform Gold in 2015

5 hours 2 min ago

I know it’s a bold prediction: silver prices are going to surprise investors and provide them with better returns than gold bullion. I say this because both the fundamental and the technical pictures for silver continue to improve.

Silver Market Morning

The gold price closed at $1,222.90 up$7.60 on Tuesday in New York. In Asia and London, gold prices rose to $1,227. The gold price was Fixed at $1,224.00 down $1 and in the euro at €952.826 up 1.813, while the euro was weaker at $1.2846. Ahead of New York’s opening, gold was trading at $1,225.10 and in the euro at €953.31.

September 23: Gold Gains While Stocks Fall

Gold climbed $18.36 to $1233.66 at about 7AM EST before it fell back off in New York, but it still ended with a gain of 0.63%. Silver surged to as high as $17.975 at one point, but it then fell back off and ended with a loss of 0.06%.

Silver Open Interest Reaches Six-Year High on Short Bets

Holdings in New York silver contracts reached the highest in more than six years after investors added to bets that the metal will extend its slump as prices fell to the lowest since 2010.

Silver, Gold, Debt and Taxes

I’m convinced – we can’t escape debt and taxes. Essentially all currency is created as debt, and our financial system creates more debt and more currency into circulation every day. Taxes are insufficient to pay the massive expenditures that our politicians deem essential, so our national, state and local governments fall deeper into debt every year. I think we can all agree - expect more debt and more taxes.

Silver Market Morning

The gold price closed at $1,215.30 down $2.30 on Monday in New York. In Asia and London, gold prices rose to $1,218. The gold price was Fixed at $1,225.00 up $11.00 and in the euro at €951.013 up €6.266, while the euro was stronger at $1.2881. Ahead of New York’s opening, gold was trading at $1,226.20 and in the euro at €951.10.

COPPER vs SILVER MANIPULATION: The Tale Of Two Metals

While it’s true that the entire financial system is rigged today, some markets are manipulated more than others. This is certainly true for the precious metals… particularly SILVER. This metal is the whipping boy of the Fed and Cartel Bullion Banks. Most would believe it’s impossible to manipulation a metal for decades… it isn’t.

September 22: Gold and Silver End Slightly Lower

Gold dropped $7.77 to $1209.83 in early Asian trade before it bounced back to $1217.10 in London and then fell back to $1212.34 by a little after 11AM EST, but it then jumped to a new session high of $1219.42 by early afternoon in New York and ended with a loss of just 0.19%. Silver slipped to $17.354 in early Asian trade before it climbed back to $17.863 in New York, but it still ended with a loss of 0.5%.

The Tribute the World Pays to the Empire

International monetary reserves set a new high mark early this month: they now amount to a bit more that $12,000,000,000,000 dollars. ($12 trillion dollars, when we calculate the value of all the reserves in dollars. The largest part of reserves is in dollars; the rest is split up into euros, pounds sterling, yen and Swiss francs.)

Silver Market Morning

The gold price closed at $1,217.60 down $7.30 on Friday in New York. In Asia and London, gold prices slipped slightly to $1,212. The gold price was Fixed at $1,214.00 down $8.50 and in the euro at €944.747 down €4.473, while the euro was the same at $1.2850. Ahead of New York’s opening, gold was trading at $1,213.60 and in the euro at €945.28.

September 19: Gold and Silver Fall Over 1% and 4% on the Week

Gold dropped $11 to $1213.90 by a little before 2PM EST before it bounced back higher in the last couple of hours of trade, but it still ended with a loss of 0.6%. Silver slipped to as low as $17.795 and ended with a loss of 3.3%.

The Chart Every Silver Investor Should See

There is a chart that every silver investor needs to see. Especially now, as the Fed and Central Banks continue to manipulate the precious metals lower while propping up the broader stock and bond markets. Even though precious metals sentiment is at record lows, this normally represents a turning point in the gold and silver markets.

Market Report: Another miserable week for PMs

Gold and silver drifted lower over the course of the week, with a challenge to the $1200 level for gold becoming a distinct possibility. Silver is struggling to hold $18.50. Mainstream opinion has been negative for commodities generally, with a strong dollar undermining them. Brent crude, for example, is now well under $100.

Silver Market Morning

The gold price closed at $1,224.9 up $3.30 Thursday in New York. In Asia and London, gold prices slipped slightly to $1,223. The gold price was Fixed at $1,222.50 down $0.50 and in the euro at €949.220 down €0.389, while the euro was the same at $1.2879. Ahead of New York’s opening, gold was trading at $1,222.50 and in the euro at €951.44.

September 18: Gold and Silver Gain With Stocks

Gold edged up to $1225.52 in late Asian trade before it fell back to $1216.23 by a little after 8AM EST, but it then climbed back higher in New York and ended with a gain of 0.27%. Silver rose to as high as $18.604 and ended with a gain of 0.11%.

Silver: a Collapse and a Rally

COMPLAINT FROM A SILVER BULL: The last 3 plus years have been difficult. My faith in the silver bull market and my fear of fiat currencies has been shattered. There is no joy in “Silverville” – nothing but worry and despair!

Santacruz Silver Announces US$28.4M Silver Prepay Agreement

Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (SCZ.V) is pleased to announce that it has entered into a US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC to sell 4,635,000 ounces of silver through August 2019, subject to certain adjustments relating to metal prices. In addition to US$ 28.4 million that will be paid to the Company up front upon satisfaction of certain conditions, at the time of each delivery the Company will receive an amount per ounce of silver equal to the market price at the time, less a fixed discount. It is anticipated that the upfront payment will be advanced within the next two weeks. Under the agreement, the Company maintains the upside on the silver price.

Silver Market Morning

The gold price closed at $1,221.60 down $13.90 on Wednesday in New York. In Asia and London, gold prices recovered slightly to $1,224. The gold price was Fixed at $1,223.00 down $13.50 and in the euro at €949.609 down €4.628, while the euro was slightly much weaker at $1.2879. Ahead of New York’s opening, gold was trading at $1,223.80 and in the euro at €950.19.

Silver Buyers Keep Stacking And Demand Higher Despite Falling Prices

The overall trend in the silver market currently appears to be, when prices weaken, investors continue to hold and in some cases buy more. While the price has fallen, overall holdings of the silver ETFs still remain near an all-time high. This would suggest that silver investors are now expecting higher prices again due to continued industrial and investment silver demand.

September 17: Gold and Silver Fall Over 1% After Fed

Gold edged up to $1238.99 in Asia before it fell back to $1230.34 after the release of today’s fed statement and then bounced back higher, but it then fell back off again into the close and ended with a loss of 1.13%. Silver slipped to as low as $18.49 and ended with a loss of 1.18%.

Silver Market Morning

The gold price closed at $1,235.50 up $1.60 on Tuesday in New York. In Asia and London, gold prices recovered slightly to $1,235.80. The gold price was Fixed at $1,236.50 down $2.25 and in the euro at €954.237 down €2.696, while the euro was slightly stronger at $1.2958. Ahead of New York’s opening, gold was trading at $1,237.80 and in the euro at €954.83.

September 16: Gold and Silver Find Slight Gains Before Fed Day

Gold climbed $8.01 to $1241.91 in London before it dropped back to $1232.14 at about 10AM EST, but it then bounced back higher in late morning trade and ended with a gain of 0.13%. Silver rose to $18.848 in London before it fell back to $18.616, but it still ended with a gain of 0.16%.

Silver Market Morning

The gold price closed at $1,233.90 up $3.20 on Monday in New York. In Asia and London, gold prices recovered slightly to $1,235.80. The gold price was Fixed at $1,238.75 up $4.00 and in the euro at €956.933 up €1.318 while the euro was slightly stronger at $1.2945. Ahead of New York’s opening, gold was trading at $1,238.60 and in the euro at €956.74.

The Collapse Of U.S. Silver Stocks As Public Debt Skyrockets

The U.S. Empire is in real trouble. This is due to its idiotic business model of selling quality assets while acquiring massive liabilities and debts. Of course, the U.S. Government realizes this is not a sustainable way to do business, but at least for now.... we continue to have our Bread & Circuses, McDonalds & NFL Football for a bit longer.

September 15: Gold and Silver End Slightly Higher

Gold climbed up to $1238.25 by a little before 8AM EST before it drifted back lower in early New York trade, but it still ended with a gain of 0.26%. Silver rose to as high as $18.70 and ended with a gain of 0.16%.

Silver ETF holdings set record high as price drop sparks interest

Holdings at the world's largest silver-backed exchange-traded funds (ETFs) rose to a record high as a pullback in prices prompted long-term retail investors to increase purchases of the precious metal.

October 30: Gold and Silver End Mixed in Volatile Trade

Gold dipped $5.55 to $1339.05 in early Asian trade before it climbed to as high as $1359.42 at about 10AM EST and then dropped back under $1335 at about 2:30PM, but it then rallied back higher in last hour and a half of trade and ended with a loss of just 0.13%. Silver surged to as high as $23.065 before it also fell back off, but it still ended with a gain of 0.89%.

Silver Market Morning

Gold closed slightly weaker at $1,342.80 down $1.80 in New York on Wednesday. Asia initially let it slip slightly with dealers following the euro against the dollar in thin trade, but before London opened Asia let it slide to $1,334. London held it around there until the Fix, where it was set at $1,333.75 down $15.75 over yesterday’s Fix. In the euro it Fixed at €975.819 down only €5.0 over yesterday’s Fixing as the dollar strengthened. Ahead of New York’s opening gold stood at $1,332.60 and in the euro at €977.19, while the dollar stood at $1.3637: €1.

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.

December 3: Gold and Silver End Near Unchanged

Gold gained $6.18 to $1225.18 in Asia before it fell back to $1215.86 by a little after 10AM EST and then climbed back to $1225.23 in the next hour of trade, but it then drifted back lower into the close and ended with a gain of just 0.3%. Silver edged up to $19.314 in Asia before it fell back to $18.997 and then also bounced back higher, but it still ended with a loss of 0.16%.

BREAKING: Canadian Maple Leaf Sales Q1-Q3 Already Surpass 2012 Total

As the Fed and Central Banks continue to pump huge amounts of liquidity into the market, investors have been buying record amounts of Canadian Silver Maples. Demand for the Canadian Gold & Silver Maples hit a record in 2011, but then declined in 2012 as investors started to believe that the monetary authorities had the financial system back under control -- an illusion that will cost them dearly in the future.

December 4: Gold and Silver Jump Higher

Gold fell $10.87 to $1211.83 at about 6AM EST, but it then jumped to as high as $1251.46 by early afternoon in New York and ended with a gain of 1.69%. Silver slipped to as low as $18.896 in Asia, but it then climbed to as high $19.885 in New York and ended with a gain of 3.24%.

Eric Coffin’s Exclusive Interview with Eric Fier, COO of SilverCrest Mines Inc.

In a sector that has drawn so much market scorn in the past two years, this is a team that just gets it done. I think the current pull back is a perfect time for you to hear the story of this leader in the small producer space and get Eric Fier’s views on why SilverCrest has been such a success. There are lessons and observations that can be applied by traders looking for other winners. It should also be obvious by the end of the interview why SilverCrest continues to be a favorite on the HRA company list.

Santacruz Silver Announces Gavilanes Maiden Resource Estimation: 6.1 million AgEq Ounces Indicated and 28.3 AgEq Million Ounces Inferred

Santacruz Silver Mining Ltd. (TSX VENTURE:SCZ) (the "Company" or "Santacruz") is pleased to announce the results of the maiden NI 43-101 Resource Estimate for its Gavilanes silver project located in San Dimas, Durango, Mexico.

January 6: Gold Gains Despite Flash Crash

Gold climbed $9.91 to $1246.31 in early Asian trade before it fell back to $1235.82 by a little before 8AM EST and then rose to a new session high of $1248.18 at about 10:10, but it then “flash crashed” down to $1211.86 at 10:14 and was halted for 10 seconds following a “velocity logic” event - Gold Flash Crashes, Halts Trading Zero Hedge. The yellow metal quickly rebounded however, and ended not far from its pre-crash high with a gain of 0.19%. Silver rose to as high as $20.335 and ended with a gain of 0.05%.

How can someone like me make a prediction about silver prices?

In a sense, I’m not qualified to issue an “expert” opinion on the future prices of silver and gold. I’m a managing editor of a weekly newspaper with a degree in political science. I took two economics classes in college. I don’t work in the “industry” that establishes PM prices. My knowledge of futures markets, “all-in” mining costs and technical analysis is elementary at best.

Silver Market Morning

On Tuesday the gold price in New York fell to close at $1,243.40 with Asia taking it $3 lower. The dollar is slightly stronger at $1.3639: €1 ahead of London’s opening. In London the gold price was Fixed at $1,238.00 down $10.75 on yesterday. In the euro it, Fixed at €908.557 down €4.54. Ahead of the opening in New York gold stood at $1,238.15 and in the euro at €909.07. The dollar stood at $1.3622: €1

SilverCrest Announces Record Annual and 4th Quarter Production in 2013

“2013 was another successful year and marked SilverCrest’s second full year in commercial production. Management congratulates our operating team for their valuable contributions and for delivering on their commitments. Santa Elena surpassed production guidance which was revised upwards during the year and produced 2.66 million AgEq(1) ounces in 2013. Moving forward in 2014, SilverCrest will continue to focus on delivering strong operating results and optimizing our operating cash flow as we complete the Santa Elena Expansion and increase production to approximately 3.3 million to 3.6 million AgEq(1) ounces. Management will continue to focus on improving cash flows by reducing costs and increasing productivity where possible to offset the current precious metals prices. Operating cash costs are expected to range from $8.50 to $9.25 AgEq(1) ounce in 2014. Further details on market guidance will be presented in the upcoming annual financial report."

Interview with Eric Sprott

Last question is without having a crystal ball scenario going on here, what is your pick for the December 31, 2014 closing price of gold? Eric Sprott: Over $2,000 per oz. What about silver? Eric Sprott: Over $50 per oz.

Silver – The Power Of Thought Will Ultimately Prevail

It has become universally recognized that the power of thought can change anything. Silver remains incredibly undervalued, and that bodes well for all of us silver stackers. The fact that silver and gold have purposefully been suppressed by the moneychangers makes the future for the next price rise to be greater than ever. Any time anything has been artificially manipulated, it makes the ultimate outcome far worse than was planned by those doing everything possible to prevent a rise in prices. Central planning always fails.

Silver Market Morning: January 21, 2014

We expect consolidation by the silver price today, in New York.

Silver Market Morning: January 23, 2014

Silver – The silver price true to history continues to move in tandem with gold. That’s why, what affects gold affects silver prices too.

Silver Market Morning

New York saw gold jump to $1,262 from $1,237 before closing at $1,259. Asia held it slightly higher ahead of the opening in London. The dollar traded at $1.3686 somewhat weaker than yesterday. London traded it up until the Fixing, which was set at $1,259.25 up $15.00 on Thursday. In the euro, it Fixed at €920.437 up €7.561 reflecting a weaker dollar which stood at $1.3730, down a cent. The Fix was set higher than the market was trading showing strong demand. Ahead of the opening in New York gold stood at $1,271.10 and in the euro at €925.78.

The Financial Cancer is No Longer Dormant

If this is indeed “the Big One,” the timeframe to PROTECT oneself may run out very, very quickly. Hopefully, you have spent the past five years preparing for the inevitable, global currency crash; and if you haven’t, what are you waiting for? All aspects of one’s life should be considered; but when it comes to the financial aspect, only PHYSICAL gold and silver have maintained their purchasing power throughout similar crises – and likely, will benefit more than any other asset class from what’s coming. Whether or not the “greatest wealth transfer in history” occurs – from those holding fiat-currency denominated wealth to those holding real assets – we don’t know, but we suspect it will. Either way, the odds of surviving what’s coming will increase exponentially if you limit your exposure to the financial cancer enveloping the world; i.e., the destruction of fiat currencies.

Silver Market Morning: January 28, 2014

Silver (very short-term) We expect silver to consolidate with a positive bias, in New York.

Silver Market Morning

The New York gold price was slightly lower at $1,254.70 down $3.10 at the close on Tuesday. Asia held it there ahead of London’s opening. London set the gold price at $1,257.00, $4.00 up on Tuesday. In the euro, it Fixed at €930.353 up €3.166 while the dollar stood at $1.3511 barely changed. Ahead of the opening in New York gold stood at $1,257.35 and in the euro at €930.54.

Silver Market Morning

The New York gold price was almost unchanged at $1,267.10 up nearly $10 at the close on Friday. Asia took it up to $1,272.50 ahead of London’s opening on Monday. London set the gold price at $1,273.50 up $13.50 up on Friday. In the euro, it Fixed at €933.856 up €5.132, while the dollar stood at $1.3637, again, weaker. Ahead of the opening in New York gold stood at $1,273.18 and in the euro at €933.72.

Fortuna Silver Mines (TSX: FVI/NYSE: FSM): Follow Up #1

Fortuna Silver Mines is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing. Fortuna is one of the fastest growing silver producers in Latin America, with two 100 percent owned underground mines in Peru and Mexico.

Silver Market Morning

The New York gold price rose slightly to $1,290.90 up $1.00 at the close on Wednesday. Asia held it there ahead of London’s opening. London held it there before Fixing the gold price at $1,290.25 up $3.75. In the euro, it Fixed at €943.648 up €0.812, while the dollar stood at $1.3673, almost unchanged. Ahead of the opening in New York gold stood at $1,292.50 and in the euro at €945.88.

Line in the sand broken

It looks like the Cartel's eight-month "line in the sand" at $20/oz silver has finally been broken; as has their three-month "line in the sand" at $1,250 gold. Gold forward rates have again gone decidedly negative, ETF purchases have surged amidst record Chinese demand, and this week's news of massive gold mining writeoffs highlights just how tight the physical market is, and will be.

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.

July 18: Gold and Silver End Slightly Lower

Gold climbed to $1584.69 in Asia before it fell back to as low as $1567.62 by about 9AM EST, but it then climbed back to as high as $1582.53 in late morning New York trade and ended with a loss of just 0.28%. Silver rose to $27.30 before it dropped back to $26.90, but it then rose to a new session high of $27.31 and ended with a loss of just 0.07%.

COMEX Silver Inventory Update: -85,010.678 ounces

COMEX Silver Inventory Update: -85,010.678 ounces

Huldra Silver Provides Progress Update on Treasure Mountain and the Merritt Mill

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") today provides a progress update on the mining operations at its 100% owned Treasure Mountain Property and an update on the construction of its 200 tonne per day mill in Merritt, BC.

Hecla makes hostile takeover bid for U.S. Silver Corp

Hecla Mining Co made an all-cash hostile bid to buy U.S. Silver Corp for C$110.7 million, a month after the Canadian company agreed to be bought by RX Gold & Silver Inc.

July 26: Gold and Silver Gain Almost 1%

Gold jumped to as high as $1621.37 before it fell back off a bit in New York, but it still ended with a gain of 0.69%. Silver surged to as high as $27.815 and ended with a gain of 0.55%.

COMEX Silver Inventory Update: +845,625.07 ounces

COMEX Silver Inventory Update: +845,625.07 ounces

U.S. Silver Board Recommends Rejection of Hecla Offer and Reaffirms Recommendation for Combination Transaction with RX Gold

U.S. Silver Corporation (USA.TO) ("U.S. Silver" or the "Company") announced that its Board of Directors unanimously recommends that U.S. Silver shareholders REJECT the unsolicited cash offer from Hecla Mining Company ("Hecla") to acquire all of the outstanding common shares of U.S. Silver (the "Hecla Offer").

Fed Signals More Steps to Spur Economy Amid Slower Growth

“Economic activity decelerated somewhat over the first half of this year,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington. “The committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.”

iShares Silver Trust: 9,759.01 tonnes

iShares Silver Trust: 9,759.01 tonnes

August 8: Gold and Silver End Near Unchanged

Gold fell $8.20 to $1603.40 by a little after 8AM EST before it rallied to as high as $1616.49 in the next hour and a half of trade, but it then drifted back lower midday and ended with a gain of just 0.07%. Silver slipped to $27.699 before it rose to $28.246 by late morning in New York, but it then fell back off in afternoon trade and ended with loss of 0.32%.

Silver Market Morning

New York gold closed at $1,599.60 down $8.70. London took gold down to $1,594 ahead of the Fix after which it Fixed at $1,594.74 as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,293.600 down €12 on yesterday morning. Ahead of New York’s opening gold looked slightly stronger at $1,595.60 in the middle and in the euro at €1,299.40.

iShares Silver Trust: 9,691.18 tonnes

iShares Silver Trust: 9,691.18 tonnes

August 15: Gold and Silver End Slightly Higher

Gold edged up to $1603.09 in Asia before it fell back to $1590.08 at about 4AM EST, but it then rose to as high as $1605.83 in New York and ended with a gain of 0.28%. Silver slipped to as low as $27.496 at about 4AM EST, but it then rose to as high as $27.99 in New York and ended with a gain of 0.07%.

Silver Market Morning

New York gold closed at $1,604.10. London held gold there through the morning right up to the Fix where it Fixed at $1,603.50 as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,306.739, up €13 on yesterday. Ahead of New York’s opening, gold was steady at $1,603.55 in the middle and in the euro at €1,306.62.

iShares Silver Trust: 9,733.39 tonnes

iShares Silver Trust: 9,733.39 tonnes

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".

Silver Tacks on the "30" Handle

Silver needs to close out the week on a strong note to punch through the downtrending resistance line noted on this weekly chart. The ability to put a handle of "30" in front of the price is extremely helpful from both a psychological and technical perspective but a solid trending move is still not yet in the cards until silver can decisively gain the $32.50 level. Even at that, dip buyers should begin making their appearance in this market as the technical posture has changed significantly this week.

Huldra Silver Receives Geochemistry Results Up to 124 Grams Per Tonne Silver

Vancouver, British Columbia – December 7, 2011 – Huldra Silver Inc. (TSX-V:HDA, HUSIF.PK) (the "Company" or "...

Scorpio Mining Reports Record 2011 Production Results and 2012 Guidance for Nuestra Señora

Scorpio Mining Corporation (TSX: SPM.TO) ("Scorpio Mining" or the "Corporation") is pleased to report that the 2011 production results for the...

Silver Eagles Soar

...

Is the silver surge sustainable?

Silver has been about the best performing metal commodity so far this year, currently fetching more than 25% more than it did at the close of 2011...

Highest Voted

Steve St. Angelo, SRSrocco Report, 100.0% (1 votes)
Michael Lombardi, MBA, 100.0% (1 votes)
Julian D. W. Phillips, 80.0% (1 votes)
Alasdair Macleod, 100.0% (4 votes)
Gary Christenson, 100.0% (4 votes)
Steve St. Angelo, SRSrocco Report, 100.0% (3 votes)
Jack Mullen, 100.0% (23 votes)
Bill Rice, Jr., 100.0% (18 votes)

Article Comments

Silver News by Type