• Gold: 1,179.32 0.65
  • Silver: 15.74 0.00
  • Euro: 1.087 0.000
  • USDX: N/A N/A
  • Oil: N/A N/A

April 24: Gold and Silver Fall Over 2% and 3% on the Week

18 hours 2 min ago

Gold edged up to $1195.88 in late Asian trade, but it then fell back off in London and New York and ended near its early afternoon low of $1175.24 with a loss of 1.35%. Silver slipped to as low as $15.611 and ended with a loss of 1.07%.

The Comprehensive Chartology of Silver

Five days ago silver broke out of an inverse H&S bottom that has temporarily reversed the downtrend. I measured the more conservative price objective using the higher low instead of the Swiss spike low which comes in around the 19.80 area on the log chart. It will be interesting to see if the Swiss spike low will be the ultimate low for the bear market or just a short to intermediate low. Sometimes big trends can end with one last shake out of the weak hands similar to the Swiss spike low.

Silver Market Morning

New York closed at $1,293.70 down $10.00. In Asia gold held that level, but in London the price dropped to $1,281 with the euro again weaker by a cent at $1.1228 down 1.00 cent against the dollar. The Fix saw the gold price set at $1,282.75 down $10.75 and in the euro, at €1,141.541 down €8.748, while the euro was almost unchanged at $1.1237. Ahead of New York’s opening gold was trading in London uncertainly, at $1,281.60 and in the euro at €1,140.77.

January 23: Gold and Silver Gain Over 1% and 3% on the Week

Gold dropped down to $1284.59 by a little after 10AM EST before it bounced back higher into the close, but it still ended with a loss of 0.77%. Silver slipped to as low as $18.11 and ended with a loss of 0.44%.

Excellon produces 2.05 moz AgEq in 2014

Silver equivalent ("AgEq") production of 2.05 million ounces (2013 - 2.06 million AgEq Oz)Silver production of 1.2 million ounces (2013 - 1.4 million ounces)Lead production of 7.5 million lb (2013 - 7.3 million lb)Zinc production of 10.1 million lb (2013 - 9.9 million lb)

Silver Market Morning

New York closed at $1,303.70 up $10.20 as the euro started to really tumble again. In Asia and early London the gold price slipped slightly to $1,296.60 with the euro much weaker at $1.1324 down 2.66 cents against the dollar. The Fix saw the gold price set at $1,293.50 up $6.50 and in the euro, at €1,150.289 up €42.334, while the euro was 3.76cents weaker at $1.1240. Ahead of New York’s opening gold was trading in London uncertainly, at $1,294.00 and in the euro at €1,151.86.

January 22: Gold and Silver Gain With Stocks and Dollar

Gold fell $13.73 to $1279.77 in London, but it then jumped to as high as $1306.40 in New York and ended with a gain of 0.79%. Silver surged to as high as $18.471 and ended with a gain of 1.27%.

Silver Market Morning

New York closed at $1,293.50 up $0.80 as the euro started to weaken again. In Asia and early London the gold price slipped slightly to $1,287.1 with the euro a tad stronger at $1.1581. The Fix saw the gold price set at $1,287 down $11.00 and in the euro, at €1,107.955 down €13.718, while the euro was stronger at $1.1616. Ahead of New York’s opening gold was trading in London at $1,286.60 and in the euro at €1,106.94.

January 21: Gold and Silver Gain With Stocks and Oil

Gold climbed $11.29 to $1303.99 by a little after 8AM EST before it fell back to $1284.83 in the next few hours of trade, but it then rallied back higher into the close and ended with a gain of 0.06%. Silver rose to as high as $18.427 and ended with a gain of 1.23%.

Fortuna Intercepts 1,282 g/t Ag and 8.1 g/t Au Over 4.6 Meters in Trinidad North Step-Out Drilling at San Jose Mine, Mexico

The new drill results confirm that the Bonanza and Trinidad veins and the structurally and spatially related Trinidad North Stockwork Zone all remain open to the north and to depth along the strike and plunge of the ore shoots.

Silver Market Morning

New York closed at $1,292.70 up $1.00 as the euro started to weaken again. In Asia and early London the gold price moved up to $1,300 with the euro at $1.1561. The Fix saw the gold price set at $1,298.00 up $5.75 and in the euro, at €1,121.673 up €8.048, while the euro was at $1.1572. Ahead of New York’s opening gold was trading in London at $1,298.40 and in the euro at €1,122.21.

January 20: Gold and Silver Gain Over 1%

Gold waffled between $1278.72 and $1272.45 in holiday thinned trade yesterday before it climbed to as high as $1294.07 in late Asian trade today and then pared back a bit in London, but it then rose to a new session high of $1296.98 in New York and ended with a gain of 1.35%. Silver surged to as high as $18.017 and ended with a gain of 1.36%.

Silver Market Morning

New York closed at $1,276 up $1.00 as the euro consolidated. In Asia and early London the gold price moved up to $1,284.40 with the euro at $1.1580. The Fix saw the gold price set at $1,292.25 up $16.75 and in the euro, at €1,113.625 up €13.772, while the euro was at $1.1604. Ahead of New York’s opening gold was trading in London at $1,286.60 and in the euro at €1,110.81.

Silver Market Morning

Gold Today –New York closed at $1,275 up $16.50 as the euro continued to slide. In Asia and early London the gold price held that level with the euro 0.75 cents down at $1.1562. The Fix saw the gold price set at $1,275.50 up $17.25 and in the euro, at €1,099.853 up €17.49, while the euro was 1/4 of a cent weaker at $1.1597. Ahead of New York’s opening gold was trading in London at $1,277.00 and in the euro at €1,101.15.

January 16: Gold and Silver Gain Almost 5% and 8% on the Week

Gold climbed $22.43 to $1280.93 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.35%. Silver surged to as high as $17.805 and ended with a gain of 4.92%.

Silver Market Morning

New York closed at $1,258.50 up $30.50 as the euro continued tumbling. In Asia and early London the gold price lifted to $1,260.20 with the euro 1.3 cents down at $1.1625. The Fix saw the gold price set at $1,258.25 up $23.00 and in the euro, at €1,082.366 up €26.96 while the euro was ¾ of a cent weaker at $1.1625. Ahead of New York’s opening gold was trading in London at $1,258.00 and in the euro at €1,084.48.

January 15: Gold Gains Over 2% While Stocks Drop

Gold jumped to as high as $1266.38 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 2.48%. Silver rose to as high as $17.218 and ended with a gain of 0.18%.

New Infographic Exposes How Morgan Silver Dollars Are Used to Fleece Investors

It's sad that such a beautiful piece of history has been converted into a tool by unscrupulous "rare" coin dealers to ripoff America's precious metals buyers. As this totally new infographic on Morgan Silver Dollar scams explains below, shady marketers use deception and misinformation to unload Morgan Silver Dollars at prices WAY above their actual melt value or their resale value. It's extremely important that novice precious metals investors see this information BEFORE they get taken for a ride. Check it out...

U.S. Mint American Eagle Silver Bullion Coin Purchases Soared to Record High in 2014

The U.S. Mint announced that 2014 sales of American Eagle Silver Bullion coins reached 44,006,000 ounces. The robust sales performance was primarily driven by a resurgence of demand in the fourth quarter last year. To that point, December sales of the American Eagles Silver Bullion coins were up 104% year-on-year.

Fortuna Reports 2014 Record Production of 8.7 Million Silver Equivalent Ounces and Issues Guidance for 2015

Fortuna Silver Mines, Inc. (FSM)(FVI.TO)(FVI)(F4S.F) is pleased to announce 2014 production figures from its two underground operating silver mines located in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 6.6 million ounces of silver and 35.3 thousand ounces of gold or 8.7 million Ag Eq* ounces.

SilverCrest Announces 2014 Production and Provides 2015 Guidance

SilverCrest Mines Inc. (the "Company") is pleased to announce record production of 2.81 million ounces AgEq(1) for 2014, record production of 936,742 ounces AgEq(1) for the fourth quarter ("Q4") of 2014, and guidance for 2015 from its 100% owned Santa Elena Mine located in Sonora, Mexico . In 2014, the Santa Elena Mine successfully transitioned from an open pit heap leach operation to an underground mining and milling operation.

Silver Market Morning

New York closed at $1,228.00 down$2.40 as the euro continued slipping. In Asia the gold price slipped to $1,226.60 down $1.10 with the euro at $1.1765 ahead of London’s opening. The Fix saw the gold price set at $1,235.25 up $6.50 and in the euro, at €1,055.408 up €10.419 while the euro was half a cent weaker at $1.1704. Ahead of New York’s opening gold took off and was trading in London at $1,257.00 and in the euro at €1,074.86.

January 14: Gold and Silver Fall With Stocks and Dollar

Gold dipped down to $1225.39 at about 5AM EST before it popped up to $1244.15 in the next four hours of trade, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to $16.551 before it rebounded to $17.074, but it then chopped back lower in afternoon trade and ended with a loss of 1.06%.

Silver Market Morning

New York closed at $1,230.40 down $3.40 as the euro continued slipping. In Asia the gold price slipped to $1,227.30 down $11.10 with the euro at $1.1790 ahead of London’s opening. The Fix saw the gold price set at $1,228.75 down $10.25 and in the euro, at €1,044.989 down €4.922 while the euro was half a cent weaker at $1.1758. Ahead of New York’s opening gold was trading in London at $1,229.20 and in the euro at €1,045.77.

January 13: Gold Slips While Silver Surges Nearly 3%

Gold climbed $10.22 to $1244.02 in Asia before it chopped back lower in London and New York, but it ended with a loss of just 0.28%. Silver rose to as high as $17.187 and ended with a gain of 2.66%.

Deflation and Central Bank Delusions

Watch Japan for further indications of a bond and currency implosion resulting from Abenomics and Keynesian money printing nonsense. The good times are over. A major crash or collapse could occur at any time, this year or even as late as the end of 2016. Deflation in many sectors has arrived. Excessive global debt can no longer be serviced, employment is weak, far too much collateral is impaired, commodity prices are declining, and too much wealth is being sucked out of our economies by the financial industry, the military-industrial complex, big pharmacy, big government and entitlements.

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...

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

Julian D. W. Phillips, 100.0% (1 votes)
Chris Mullen, 100.0% (1 votes)
Gary Christenson, 100.0% (3 votes)
Craig Hemke, 100.0% (3 votes)
Jack Mullen, 100.0% (24 votes)
Bill Rice, Jr., 100.0% (19 votes)
Bill Rice, Jr., 100.0% (11 votes)

Article Comments

Silver News by Type