• Gold: 1,194.98 6.26
  • Silver: 15.93 0.16
  • Euro: 1.229 -0.005
  • USDX: 88.279 0.638
  • Oil: 55.74 -0.45

Silver Market Morning

3 hours 26 min ago

New York closed at $1,188.90 down $7.40 before Asia took it up to $1,199 again. The euro rose slightly to $1.2296 down almost 2 cents. In London gold rose strongly and the gold Fixing was set at $1,210.75 up $11.75 and in the euro, at €982.034 up €19.677 while the euro was 1.3 cents weaker at $1.2329. Ahead of New York’s opening gold was trading in London at $1,209.60 and in the euro at €980.86.

December 16: Gold Gains While Silver Slips

Gold climbed $31.65 to $1223.35 at about 7AM EST before it fell back to $1187.93 in the next four hours of trade, but it then bounced back higher into the close and ended with a gain of 0.39%. Silver rose to as high as $16.641 before it fell back to $15.538 and then also rebounded, but it still ended with a loss of 2.48%.

17 Reasons Why I Trust Silver

The US is trying to provoke Russia into war, perhaps nuclear war, through the use of sanctions, pressure on the exchange rate of the Ruble, weak oil prices, and military maneuvers. R. 758 overwhelmingly passed the U.S. House of Representatives on 4 December 2014. It brings the United States closer to a serious military confrontation with Russia.

Silver Market Morning

New York closed at $1,191.70 down a huge $30.40 before Asia took it up to $1,196.4. The euro rose slightly to $1.2475. In London gold rose and the gold Fixing was set at $1,199.25 down $11.50 and in the euro, at €960.245 down €14.285 while the euro was half a cent stronger at $1.2489. Ahead of New York’s opening gold was trading in London at $1,200.80 and in the euro at €960.14.

December 15: Gold and Silver Fall Over 2% and 5%

Gold dropped about 1% in London before it bounced back towards unchanged in late morning New York trade, but it then fell back off into the close and ended near its late session low of $1190.67 with a loss of 2.49%. Silver slipped to as low as $16.122 and ended with a loss of 5.12%.

Silver Market Morning

New York closed at $1,222.10 down $3.00 before Asia took it down to $1,219.30. The euro rose over half a cent to $1.2452. In London the gold Fixing was set at $1,210.75 down $12.75 and in the euro, at €974.53 down €9.78 while the euro was unchanged at $1.2424. Ahead of New York’s opening gold was trading in London at $1,211.40 and in the euro at €975.05.

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 4% on the Week

Gold edged up to $1227.25 at about 5AM EST before it dropped back to $1216.39 over the next five hours of trade, but it then bounced back higher in late morning New York trade and ended with a loss of just 0.25%. Silver rose to as high as $17.205 before it also fell back off, but it ended with a loss of just 0.24%.

Market Report: Gold was the safe-haven this week

This week, precious metals continued their recovery, with gold up $35 at $1220 and silver up about $1 at $17 this morning, thus building on the improved trend since gold bottomed nearly $90 lower at $1132 on 7 November.

Silver Market Morning

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

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

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

December 11: Gold and Silver End Slightly Lower

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

Silver Market Morning

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

December 10: Gold and Silver End Mixed While Stocks Drop

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

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

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

Silver Market Morning

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

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

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

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

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

Silver Market Morning

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

December 8: Gold and Silver Gain About 1%

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

The Mother of all Bank Runs!

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

Silver Market Morning

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

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

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

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

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

Market report: Post referendum bounce

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

December 4: Gold and Silver End Mixed Before Jobs Day

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

Silver Market Morning

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

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Silver and Gold Dividends to be Paid by Gold Resource Corp. (NYSE-AMEX: GORO)

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Around this...

Great Panther Silver Reports First Quarter 2012 Production

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The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

Follow SilverSeek.com on Twitter: SilverSeekcom | SilverSeekWire

Follow SilverSeek.com on Twitter: @SilverSeekcom | SilverSeek.com Wire: @SilverSeekWire

Poll: Where will the Silver Price end 2012?

Please vote in our SilverSeek.com Poll! Where will Silver price end 2012? Below $25 $25-30 $30-$35 $35-$40 Above $40

Silver Wheaton Reports a Strong Start to 2012 with Record Quarterly Revenues of US$200 Million

"Solid operating performance from across our portfolio of mines led to a strong start in 2012," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "We achieved record quarterly revenues, and are on target to attaining our annual production guidance of 27 million silver equivalent ounces. With continued positive progress at our world-class cornerstone assets, including the Peñasquito and Pascua-Lama mines, Silver Wheaton retains one of the strongest growth profiles in the sector."

Great Panther Silver Reports First Quarter 2012 Financial Results

"First quarter revenue was directly in line with our expectations, considering the lower production and metal prices compared to Q1 of last year," stated Robert Archer, President and CEO. "This was also a timing issue for us related to a shipment of concentrate to a new smelter where the revenue will be recognized in Q2 this year. With the addition of this new customer, we have secured contracts for the sale of our concentrates for our 2012 planned production."

Live Silver Price Chart

Live 1-Hour Spot Silver Price Chart: http://www.silverseek.com/quotes/hoursilver.php

COMEX Silver Inventory Update: -601,427.04 ounces

COMEX Silver Inventory Update: -601,427.04 ounces

Poll Results: Where will Silver End 2012?

Total votes: 1199 | #1 result = Above $40 (583 votes)

Huldra Silver Announces Receipt of Mines Act Permits and Amendment to Terms of Credit Facility

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") is pleased to announce that the Company has received a Mining Lease and a British Columbia Mines Act Permit approving a mine plan and reclamation program for the Company's Treasure Mountain Mine along with an Amended Permit approving construction and operation of a process plant at the Company's mill site in Merritt, BC.

The Coming Paradigm Shift in Silver

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Bearish pattern of the day - Silver

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Silver Market Update

Is silver becoming a bearmarket, or is a bottom pattern completing that will lead to a major new uptrend soon? That is the big conundrum facing investors and speculators in the sector and in this update it will become apparent that the situation must resolve itself with a decisive move soon, one way or the other.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

New EW Silver Discovery

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Great Panther Silver Reports First Quarter 2012 Production

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First Majestic Announces Friendly Acquisition of Silvermex Resources

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Extorre Reacts to Current Market Conditions and Announces Further High Grade Drilling Results at Cerro Moro

"One drill rig remains on the infill drilling program on our principal prospects, namely Zoe, Escondida, Loma Escondida and Gabriela. Our aim is to ensure that the drilling density is sufficient in areas that would fall within the first two years of a potential mining scenario (at 1300 tonnes per day) to estimate "indicated mineral resources". This program is nearing completion, with the drilling at Zoe, Loma Escondida and Gabriela essentially complete."

Target 2 reached in Silver (Copper target reached)

The second target for the bearish "Head and Shoulders" pattern on silver was reached for greater than $25,000 per contract. The target was using "Measured Rule", which takes the distance from the top of the head to the neckline, and adding it onto the breakdown point.

Silver Market Morning

Gold closed in New York at $1,622.80, the day before the holiday in the States yesterday. A quiet London pulled it back to $1,613.50 at the p.m. Fixing. The morning Fix today the 5th July was set at $1,616.75 and higher in the euro at €1,292.986, up €8 on yesterday’s p.m. Fixing, while the euro stood at €1: $1.2504 down 80 cents. The euro stood at €1: $1.2502 after the Fix. Ahead of New York’s opening gold stood at $1,618.00 in the middle.

Under ATTACK

Do we want the TRUTH or LIES? Gold was ATTACKED by the Cartel today to prevent it from repeating last month’s violation of its “Rule #1” – i.e., “Thou shalt not let PMs soar when the Dow plunges.” Last month, they temporarily lost control when gold had a rare 4% surge with the Dow down 274 points, directly after a similarly horrible NFP report.

A Momentous Day

A momentous day, as the Spanish and Italian stock and bond markets are literally CRASHING. On the day the “Spanish Bank Bailout” was “approved” by the EU – Spanish 10-year yields have EXPLODED to 7.3%, and the IBEX stock index fell a whopping 5.7%. Of course, the “bailout” requires constitution of the ESM, which has not yet been ratified or funded, and won’t be for some time – if at all. Throw in the bankruptcy of Valencia – one of Spain’s largest “autonomous regions” – and you can see why few believe a bailout will ever be received, or that it will MATTER even if it does.

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Silver Market Morning

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

Managed money positions hint at bullish turns for gold and silver

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

What a surprise: FT says CFTC to drop silver investigation

But such an outcome would be completely consistent with a finding that the really big player in the silver market is not JPMorgan at all but the U.S. government acting through intermediary brokerage houses. After all, as he signed the legislation demonetizing silver in 1965, President Lyndon B. Johnson pledged that the U.S. government would rig the silver market if necessary to prevent the price from rising...

Silver Market Update

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Silver, Gold and The Coming Deflation

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.

David Morgan: Seems the bottom for (gold & silver) mining equities is in...

I was recently interview by Jim Puplava and stated what we have been sending to our members. It seems the bottom for mining equities is in and may be tested one more time. The precious metals themselves also could be in a bottom formation currently, but the $26 level on silver and the $1550 level on gold MUST hold. David Morgan www.Silver-Investor.com

The Noose Is Tightening

The noose is tightening on the Powers that Be, as all attempts at MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA are failing. The GLOBAL economy – and BANKING SYSTEM – is failing, as have been the result of ALL fiat currency systems throughout history. And given that this is the ONLY time EVER when ALL global currencies are fiat –amidst a global population of seven billion people - the crash will dwarf all others in history.

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