• Gold: 1,168.16 0.00
  • Silver: 15.69 0.00
  • Euro: 1.110 -0.000
  • USDX: N/A N/A
  • Oil: N/A N/A

Silver Market Morning

5 hours 48 min ago

New York closed at $1,165.60 down $2.90. Asia and London took it back up to $1,169.50. The dollar was 0.60 of a cent weaker at $1.1054 and the dollar Index was lower at 95.93 down from 96.37. The LBMA gold price was set this morning at $1,168.25 up $3.95. The euro equivalent was €1,052.67 up €1.67 Ahead of New York’s opening, gold was trading in London at $1,168.60 and in the euro at €1,053.03.

April 7: Gold and Silver Fall Slightly

Gold dropped $8.10 to $1207.60 in late Asian trade before it bounced back higher in London, but it then drifted back lower in New York and ended with a loss of 0.44%. Silver slipped to as low as $16.74 and ended with a loss of 0.71%.

Silver Projection From Crude Oil and T-Bonds

The bottoms in the ratio and the major silver market bottoms for the past 15 years coincide almost exactly. Why? Aside from central bank management and High-Frequency-Trading concerns, crude represents real commodities and T-bonds represent debt based fiat paper currency. In simple terms it is a conflict between real commodities and paper debt. Silver represents real value and a physical commodity so a bottom in the real/paper ratio (crude to T-bonds) is consistent with bottoms in silver.

Silver Market Morning

New York closed at $1,201.30 on Friday and $1,215.70 on Monday in NY close. Asia took it to $1,213 then London pulled it back to $1,211 ahead of the LBMA Gold price setting. The LBMA Gold price was set at $1,208.50 up $7.00 on Friday’s level. The euro equivalent stood at €1,113.67 up €15.75. Ahead of New York’s opening, gold was trading in London at $1,210.10 and in the euro at €1,113.91.

April 6: Gold and Silver Gain Over 1%

Gold climbed $22.87 to $1224.17 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.2%. Silver surged to as high as $17.293 and ended with a gain of 1.55%.

April 2: Gold and Silver End Mixed on the Week

Gold edged up to $1207.30 in Asia before it fell back to $1195.83 by late morning in New York, but it then bounced back higher in the last five hours of trade and ended with a loss of just 0.24%. Silver slipped to as low as $16.619 and ended with a loss of 1.3%.

Precious metals hold their own over Q1

Gold priced in dollars hardly changed over the first quarter of 2015, but silver performed strongly, up 7%. In generally choppy markets across all asset classes silver was bettered only by the Nikkei 225 Index. This compares with the NASDAQ up 3%, the US long bond up 2.6%, and the Standard & Poors up 1%.

Doug Casey: Signs of a Resource Sector Bottom

L: Well, Doug, we’ve seen another quarter of high volatility and significant world events. What strikes you as most important at present? Doug: Everything is still held together with chewing gum and baling wire, for which I’m grateful, considering what’s coming. It’s very clear to me that the global economy is in very much the same space as it was in 2007—in other words, on the edge of a precipice.

Extremes: Expect Consequences-Part 2

The US strongly discouraged the AIIB (Asian Infrastructure Investment Bank) but when the UK, Germany and France ignored the strong request from the US and joined the AIIB, the US lost the gambit and position. From Zero Hedge, “But make no mistake, this is at best an example of Washington cutting its losses and at worst an outright surrender.” This is one more sign that other countries are considering dollar alternatives – an extreme change in our dollar-centric world.

Silver Market Morning

New York closed at $1,204.20 up $20.00 from yesterday’s NY close. Asia lifted it to $1,205.00, but London pulled it back to $1,202.60 ahead of the LBMA Gold price setting. The LBMA Gold price was set at $1,201.50 up $20.25. The euro equivalent stood at €1,097.92 up €12.99. Ahead of New York’s opening, gold was trading in London at $1,204.30 and in the euro at €1,112.21.

April 1: Gold and Silver Gain Almost 2% While Stocks Fall

Gold edged down to $1181.23 at about 6AM EST, but it then rose to as high as $1208.50 by early afternoon in New York and ended with a gain of 1.69%. Silver soared to as high as $17.089 and ended with a gain of 1.86%.

Silver Market Morning

New York closed at $1,184.20 down $1.30 from yesterday’s NY close. Asia lifted it to $1,187.60. The LBMA Gold price was set at $1,181.25 up $2.00. The euro equivalent stood at €1,097.92 up €0.09. Ahead of New York’s opening, gold was trading in London at $1,193.30 and in the euro at €1,107.42.

SilverCrest Announces Update to Santa Elena Pre-Feasibility Study; Pre-Tax Base Case NPV (5%) of $144 Million, Replaces Reserves and Renews 8 Year Mine Life

TSX: SVL NYSE MKT: SVLC VANCOUVER , March 31, 2015 /CNW/ - SilverCrest Mines Inc. ("SilverCrest" or the "Company") is pleased to announce that...

March 31: Gold and Silver End Slightly Lower in Mixed Trade

Gold dropped $6.79 to $1178.71 in Asia before it rallied back to $1190.56 in late morning New York trade and then fell back off into midday, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.11%. Silver rose to as high as $16.84 before it also fell back off, but it ended with a loss of just 0.36%.

Silver Market Morning

New York closed at $1,185.50 down $17.90 this week. Asia took it down $3 before London set the LBMA Gold price at $1,179.25. The euro equivalent stood at €1,098.1 down €8.44. Ahead of New York’s opening, gold was trading in London at $1,184.45 and in the euro at €1,101.45.

March 30: Gold and Silver Fall Over 1%

Gold dropped $16.14 to $1182.56 by a little after 9AM EST before it bounced back higher at times, but it still ended with a loss of 1.1%. Silver slipped to as low as $16.64 and ended with a loss of 1.42%.

SilverCrest Announces Surface Drilling Results at Santa Elena Mine

SilverCrest Mines Inc. (the "Company" or "SilverCrest") is pleased to announce results of the exploration and resource expansion drilling program completed in late 2014 at the 100% owned Santa Elena Mine in Sonora, Mexico . Twenty-one (21) drill holes, totalling 9,393 metres were completed to explore the western and eastern extensions of the Santa Elena Main Mineralized Zone ("MMZ") along strike and down dip as well as the adjacent Tortuga and El Cholugo Zones (See attached Figures). The results of all holes will be included in the Santa Elena Resource and Reserve update, scheduled to be released on March 31, 2015.

Crazy Is My Middle Name

“We have read that “the fix is in” regarding our financial system. Of course this is not true. The following are perfectly normal examples of sanity and intelligence that conclusively demonstrate that our modern banking and financial system is fair, healthy, sensible, stable, and equitable for all. If you don’t fully understand these, it is likely that you are a person of average intelligence who does not comprehend the complexity of our modern system.

Fortuna Amends and Expands $40 Million Credit Facility

Fortuna Silver Mines Inc. (FVI.TO)(FSM) is pleased to announce that it has amended and expanded its existing $40 million revolving credit facility with the Bank of Nova Scotia. The new credit facility consists of a $40 million non-revolving term loan and a $20 million revolving credit facility. The $40 million term loan has a four year duration.

March 27: Gold and Silver Gain Over 1% on the Week

Gold edged up to $1205.16 in Asia before it fell back to $1192.69 by a little before 10AM EST, but it then bounced back higher into midday and ended with a loss of just 0.39%. Silver slipped to as low as $16.864 and ended with a loss of 0.59%.

Gold & Silver Stocks Will Rise Again!

The XAU is an index of gold and silver stocks. It has been hammered hard since the gold and silver peaks in 2011. The XAU bottomed in November 2014 below 62 at a 14 year low, down approximately 73% from its 2011 high at approximately 230. As of Friday March 20 it closed at 69.27.

Market Report: FOMC minutes turned the tide

Following the release of the Federal Open Market Committee (FOMC) minutes last week, gold and silver have come alive, the gold price rising from a low of $1147 on 18th March to $1200 this morning and silver from $15.46 to $17.00, 4% and 10% increases respectively.

Silver Market Morning

New York closed at $1,203.40 up $7.80. Asia held it there before London opened, where it slipped to $1,107.00 ahead of the LBMA Gold price where it was set at $1,198 down $11.40 but higher than the market was trading before the price was set. The euro equivalent stood at €1,106.54 up €6.89. Ahead of New York’s opening, gold was trading in London at $1,200.40 and in the euro at €1,106.36.

Santacruz Silver Rosario Mine Resumes Operations

Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (SCZ.V) is pleased to announce that the Company has received approval from PROFEPA and SEMARNAT (Mexico´s environmental regulatory authorities) to resume operations at its Rosario Mine, located near Charcas, San Luis Potosi.

March 26: Gold and Silver Gain While Stocks Fall Again

Gold jumped $23.86 to $1219.46 by a little after 4AM EST before it fell back to off in London and New York, but it still ended with a gain of 0.65%. Silver surged to as high as $17.395 and ended with a gain of 0.47%.

Silver Market Morning

New York closed at $1,195.60 up $1.90. Asia took it much higher to $1,213 before London opened, where it slipped slightly to $1,210.6. The “LBMA Gold price” was set at $1,209.40 up $16.85 which was the euro equivalent of €1,099.65 up €14.08. Ahead of New York’s opening, gold was trading in London at $1,208 and in the euro at €1,097.98.

May 13: Gold and Silver End Slightly Lower

Gold dropped down to $1289.16 by a little after 7AM EST before it spiked up to $1298.42 in the next hour and a half of trade, but it then drifted back lower into the close and ended with a loss of 0.26%. Silver slipped to $19.364 before it rebounded to $19.593 and then also fell back off, but it ended with a loss of just 0.1%.

First Majestic Reports First Quarter Financial Results

"After three years of aggressive capital spending to build and expand four of our silver operations, the Company is planning to take a short breather to focus on treasury growth and free cash flow. As the expansionary capital investments at both Del Toro and San Martin come to an end, we look forward to the increased production and improved efficiencies. We still have a lot of work ahead of us to accomplish our next goal of reaching 20 million ounces of production per year; however, given the low silver price environment focusing on further cost reductions and treasury growth continues to be management's top priority."

Silver Market Morning

The gold price closed at $1,293.30 down $3.40 on Tuesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,300.25 up $7.50 and in the euro at €948.326 up €8.418 while the euro stood at $1.3711 nearly half a cent weaker. Ahead of New York’s opening the gold price stood at $1,301.50 and in the euro at €948.89.

Silver Market Morning

The gold price closed at $1,306.10 up $12.80 on Wednesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,303.75 up $3.50 and in the euro at €953.731 up €5.405 while the euro stood at $1.3700 weaker again. Ahead of New York’s opening the gold price stood at $1,304.20 and in the euro at €955.00.

Market Report: Firmer tone for gold and silver

This week started with a severe markdown in gold and silver prices when markets opened in the Far East on Monday morning, taking gold down $12 to $1278 and silver only 12 cents to $19.03. The clue in this was the resilience of silver, which hardly moved: it was an attack on the gold price presumably designed to take out stop-losses.

Silver Market Morning

The gold price closed at $1,293.1 down $2.50 on Monday, in New York. In Asia the price dropped to $1,291 ahead of London’s opening, where London held it. The gold Fixing was set at $1,291.50 down $9.50 and in the euro at €943.458 down €5.208 while the euro stood at $1.3689. Ahead of New York’s opening the gold price stood at $1,293.00 and in the euro at €943.45.

The Mises View: "Silver Money and Inflation"

Mark Thornton explains how silver money keeps inflation in check. Thornton is a Senior Fellow at the Mises Institute.

Silver Market Morning: May 30, 2014

There are reports out there that say that there is a gold deficit of around 4.35 tonnes a week, meaning that more gold is being bought than produced. That’s why the SPDR sales are important if the gold price is to be held at current levels. This makes the fall this week even more difficult to understand. The lack of visible physical sales of gold from speculators and the investors, tells us that there is very little momentum behind the downward path of gold and it can turn around in a heartbeat. We therefore attribute the fall to a temporary drop in demand due to wholesalers looking for lower prices. But they can only do this for a short while.

Silver Market Morning

The gold price closed at $1,246.30 on Tuesday, up $3.20 cents in New York. In Asia and London the price slipped slightly by $1 until the Fix, where it was set at $1,246.00 up $1.75 and in the euro at €915.840 up €1.421, while the euro stood at $1.3605. Ahead of the opening in New York the gold price was trading at $1,246.00 and in the euro at €915.27.

First Majestic Wins Application to Dismiss Appeal

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce that on June 5, 2014 , the Court of Appeal dismissed the appeal filed by Hector Davila Santos ("Hector Santos") and Minerales y Minas Mexicanas, S.A. de C.V. ("MMM").

June 9: Gold and Silver End Slightly Higher

Gold edged up to $1256.97 by a little after 8AM EST before it fell back to $1252.30 in the next four hours of trade and then bounced back higher in early afternoon trade, but it then chopped back lower into the close and ended with a gain of just 0.03%. Silver surged to as high as $19.197 before it also fell back off, but it still ended with a gain of 0.26%.

Silver Market Morning

The gold price closed at $1,261.00 up $0.20 on Wednesday in New York. In Asia and London the price held at that level until the Fix, where it was set at $1,261.75 down $0.75 and in the euro at €932.902 up €0.273, while the euro stood weaker at $1.3525. Ahead of the opening in New York the gold price was trading at $1,264.20 and in the euro at €934.92.

Like in “Lost” manipulators keep pushing the button

In the classic TV drama “Lost,” certain occupants of the mysterious island were tasked with the job of punching a sequence of numbers into a computer every 108 minutes to avert an unknown catastrophe.

London Metal Exchange says can offer three solutions to silver fix

The London Metal Exchange (LME), which is competing to offer an alternative to the silver fix when the system is disbanded in August, said on Monday it could offer three different solutions.

Silver Market Morning: June 20, 2014

In 1973 the oil price jumped from $8 a barrel to $35 a barrel while gold jumped from $42 an ounce to over $120 an ounce. We do not see a direct link over the years between the two. What we do see is a moving up together in times of, not only political crisis, but monetary crisis. In those days the dollar was suspect and continued so until Volker forced interest rates up to 26% in the mid 1980’. We are moving back into days of tremendous uncertainty as the ripples from the sectarian violence spread through the financial markets of the world.

Excellon resumes drilling at La Platosa

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to report the resumption of diamond drilling at its 100%-owned La Platosa Mine located in Durango State, Mexico.

Silver Market Morning

The gold price closed at $1,319.60 down $7.30 Thursday in New York. In Asia prices rose to $1,321 ahead of the London Fix which was set at $1,321.50 down $1.00 and in the euro at €972.335 up €3.754, while the euro was weaker at $1.3591 down over half a cent. Thereafter, gold held at roughly the same level being moved by dealers and arbitrageurs in line with the $: € exchange rate, clearly unimpressed by the success of the American Revolution.

July 7: Gold and Silver End Near Unchanged

Gold dropped $7.27 to $1312.33 at about 10AM EST, but it then rallied back higher for most of the rest of trade and ended unchanged on the day. Silver slipped to as low as $20.844 and ended with a loss of 0.52%.

July 14: Gold and Silver Fall Over 2%

Gold dropped $34.39 to $1303.31 at about 9:30AM EST before it stabilized, but it still ended with a loss of 2.32%. Silver slipped to as low as $20.849 and ended with a loss of 2.38%.

Excellon reports second quarter 2014 production

TORONTO, July 16, 2014 /CNW/ - Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce second quarter 2014 production results from the La Platosa Mine in Durango, Mexico.

July 17: Gold and Silver Gain Almost 2%

Gold gained almost $10 to $1308.21 in Asia before it fell back to $1299.65 in London, but it then jumped to as high as $1323.23 in New York and ended with a gain of 1.62%. Silver surged to as high as $21.18 and ended with a gain of 1.88%.

July 24: Gold and Silver Fall Almost 1% and 3%

Gold fell almost $10 to $1294.96 in Asia before it bounced back to $1300.83 in London, but it then fell to a new 5-week low of $1287.79 in New York and ended with a loss of 0.96%. Silver slipped to as low as $20.315 and ended with a loss of 2.63%.

One of the most blatant examples ever

This week has been one of the most blatant examples of naked PM shorting ever, amidst some of the most PM-bullish news ever. Particularly, yesterday's transparent attacks as TPTB pulled out all stops to push the 10-year Treasury yield above 2.5% couldn't be more obvious - as I forensically described in yesterday's AudioBlog, "best laid plans." And what a shock, Monday is COMEX options expiration day - when no doubt, countless $1,300 and $21 options for gold and silver, respectively, were outstanding.

Excellon Reports Second Quarter 2014 Financial Results

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to report financial results for the three and six-month periods ended June 30, 2014.

July 30: Gold and Silver Close Mixed and Near Unchanged

Gold dropped $8.89 to $1291.71 just after this morning GDP announcement before it bounced back to $1303.12 and then fell back towards its earlier low by late morning in New York, but it then rallied back higher in afternoon trade and ended with a loss of just 0.3%. Silver fell to as low as $20.45 at one point, but it then bounced back higher in the last five hours of trade and ended with a gain of 0.1%.

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...

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