• Gold: 1,187.10 -11.80
  • Silver: 16.20 -0.30
  • Euro: 1.258 -0.003
  • USDX: 86.476 0.321
  • Oil: 80.82 -0.15

October 30: Gold and Silver Fall About 1% and 3%

9 hours 21 min ago

Gold fell $15.06 to $1196.14 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.03%. Silver slipped to as low as $16.36 and ended with a loss of 3.4%.

Silver Market Morning - 16 hours 23 min ago

Silver Market Morning - 1 day 16 hours ago

Time Running Out on Silver Bear - 2 days 5 hours ago

Santacruz Silver Files San Felipe Preliminary Economic Assessment Report

 Vancouver, BC - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") announces that further to its news release dated...

Silver Market Morning: Oct-28-2014

Silver (very short-term) Silver is likely to consolidate, in New York, today.

3 Reasons Why I Remain Bullish on Silver

While gold has rallied in recent days to now only be 7% lower than it was a year ago, silver continues to lag with it, now down a whopping 23% for...

Silver Market Morning: Oct-27-2014

In New York there were sellers of 4.485 tonnes of gold in the SPDR gold ETF but there was a purchase of 0.82 of a tonne into the Gold Trust on Friday. This did assist the fall in the gold price to $1,230, but this was off the day’s lows. It does look like we are back in consolidation mode today. The holdings of the gold ETFs stand at 745.387 tonnes in the SPDR gold ETF and at 162.22 tonnes in the Gold Trust. This makes over 25 tonnes of gold sold from the gold ETFs in the last week. This is heavy and if it continues at these levels will restrain the gold price. If these sales halt, the support for the gold price remains strong and the price will rise.

October 24: Gold and Silver End Slightly Lower on the Week

Gold edged up to $1234.18 in Asia before it fell back to $1229.42 at about 11AM EST, but it then bounced back higher midday and ended with a loss of just 0.14%. Silver climbed up to $17.356 in early New York trade before it dropped back to $17.145, but it ended with a loss of just 0.17%.

Market Report: Precious metals subdued as panic over

For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold.

October 23: Gold and Silver Close Mixed

Gold dropped $15.06 to $1226.44 at about 11AM EST before it climbed back higher in afternoon trade, but it still ended with a loss of 0.69%. Silver slipped to $17.067 in London, but it then chopped back higher in New York and ended with a gain of 0.41%.

Santacruz Silver Announces Third Quarter 2014 Production Results

Santacruz Silver Mining Ltd. (SCZ.V) (the "Company" or "Santacruz") is pleased to announce third quarter 2014 production of 184,900 silver equivalent ounces from the Company's Rosario Mine in San Luis Potosi, Mexico . This production represents a 9.9% quarter over quarter increase as compared with Q2 2014 silver equivalent ounces.

Voters should ask these questions!

Another mid term election in the USA is only a few days away. Politicians are racing against time to promise wonderful things to convince voters to support them. In a town hall format, for example, each person might have less than a minute to make a brief statement and ask a related question to the Congressional candidate. I encourage everyone to participate in the democratic process, because what alternative is there really?

Silver Market Morning

The gold price closed at $1,241.50 down $6.80 on Wednesday. London took it down to $1,243. The euro is weaker this morning at $1.2640 down half a cent on yesterday. The Fix was set $1,240.50 down $6.25 and in the euro at €979.935 down €2.145, while the euro stood stronger at $1.2659. The volumes of gold traded were two sellers selling 16,000 ounces and no buyers. Ahead of New York’s opening, gold was trading at $1,238.80 and in the euro at €978.21.

OCTOBER SILVER EAGLE SALES BEST EVER…. And With 10 Days Remaining

While the Fed and Western Central Banks continue to prop up the entire market, investors took advantage of the manipulated low silver price by purchasing a record amount of Silver Eagles in October. Silver Eagle sales were also extremely strong last month as total sales reached 4.1 million in September.

October 22: Gold and Silver Fall With Stocks

Gold edged up to $1249.35 in Asia before it dropped back to $1241.45 at about 9AM EST and then bounced back higher into midday, but it then fell back off again in the last couple of hours of trade and ended with a loss of 0.54%. Silver slipped to as low as $17.122 and ended with a loss of 2.06%.

Total Silver Investment May Increase By One Billion Ounces Over the Next Decade

Investors are likely to increase their net silver purchases in the years ahead, largely due to an ongoing weak global economy, for capital preservation and silver’s pedigree as a leading industrial metal, according to a report released today by the Silver Institute. The report, entitled “Silver Investment Demand,” suggests that investors may accumulate as much as one billion additional ounces of silver in various investment instruments over the next decade. This is on top of the more than 860 million ounces of silver purchased as an investment since 2006.

Silver Market Morning

The gold price closed at $1,248.30 up $2.30 on Tuesday. London took it down to $1,246.3. The euro is weaker this morning at $1.2692 down from $1.2828 in a volatile market. The Fix was set $1,246.75 down $5.00 and in the euro at €982.080 up €3.233, while the euro stood stronger at $1.2695. The volumes of gold traded were two seller selling 30,000 ounces and one buyer buying 10,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,246.10 and in the euro at €982.00.

October 21: Gold and Silver Gain With Stocks

Gold climbed $7.37 to $1253.47 in Asia before it fell back towards unchanged in London, but it then rose to a new session high of $1255.02 in early New York trade and ended with a gain of 0.18%. Silver rose to as high as $17.65 and ended with a gain of 0.4%.

Silver Market Morning

The gold price closed at $1,246.10 up $8.30 on Friday. Asia and London took it higher to $1,253.40. The euro is stronger this morning at $1.2828 up from $1.2756. The Fix was set $1,251.75 up $10.75 and in the euro at €978.847 up €6.20, while the euro stood stronger at $1.2788. The volumes of gold traded were one seller selling 8,000 ounces and one buyer buying 16,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,249.30 and in the euro at €977.96.

October 20: Gold and Silver Gain Almost 1% While Miners Gain 2%

Gold dipped $3.21 to $1234.59 in Asia before it climbed up to $1248.60 in early New York trade and then chopped back lower into midday, but it then edged back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $17.519 and ended with a gain of 0.93%.

Silver Market Morning

The gold price closed at $1,237.80 down $1.70 on Friday. Asia and London took it higher $1,242. The euro is weaker this morning at $1.2756. The Fix was set $1,241.00 up $3.00 and in the euro at €972.647 up €5.762, while the euro stood stronger at $1.2759. The volumes of gold traded were two seller selling 40,000 ounces and one buyer buying 20,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,241.55 and in the euro at €972.09.

Why worry about bullion silver?

Bullion silver is likely to be less pure than coins or small bars, but 1,000 ounce bullion silver bars are cheaper per ounce than the smaller fabricated sizes. Bullion silver is typically available for only a few cents more per ounce than the spot price in the paper futures market. So long as bullion bars can always be purchased at little more than spot price, a business that simply melts the bars would never pay more to melt fabricated silver, even if it is more highly refined. If the business could not buy cheap bullion bars locally, it would simply go long a futures contract and then stand for delivery of the physical bullion silver.

October 17: Gold and Silver End Mixed on the Week

Gold edged up to $1241.19 in Asia before it fell back to $1231.88 by midmorning in New York, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.14%. Silver slipped to as low as $17.232 and ended with a loss of 0.58%.

Market Report: Gold benefits from market uncertainty

The outlook for gold is now more positive than it has been for some time. After a prolonged period of low volatility as funds invested in ever-greater risk, markets have snapped and volatility has jumped. In short, we are swinging very suddenly from complacency to reality.

Silver Market Morning

The gold price closed at $1,239.50 up $1.70 on Thursday. Asia took it slightly higher over $1,240 ahead of London’s opening. The euro is only slightly stronger than of late at $1.2805. The Fix was set $1,238.00 down $3.00 and in the euro at €966.885 down €2.495, while the euro stood stronger at $1.2804. The volumes of gold traded were two seller selling 36,000 ounces and two buyers buying 26,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,237.10 and in the euro at €966.07.

SILVER MINER SUSPENDS SALES: 35% Of Production Due To Low Prices

The first primary silver miner in the industry just announced that it suspended sales of silver during the 3rd quarter due to the low market price of silver. First Majestic suspended sales of 35% of its Q3 silver production. This was a significant amount as it was nearly 1 million oz of its 2.7 million oz production that quarter.

October 16: Gold and Silver End Mixed As Stocks Stabilize

Gold saw slight gains in Asia and London before it dropped down to $1235.18 at about 9:15AM EST, but it then climbed back to $1244.35 by late morning in New York and ended with a gain of 0.14%. Silver slipped to as low as $17.21 and ended with a loss of 0.29%.

Fire, Water...and the "4 G's"

I have thought about writing this type of piece many times before but have only touched on the subject several times. I had decided in the past not to venture forth because I was afraid that what I wrote might be perceived incorrectly and turn readers off to my main message of protecting themselves financially. What I am about to write assumes we will have at least a short period of time where life goes back if not 150 years, but maybe to "caveman days".

A Buying Opportunity for Silver ETFs?

Silver prices have been pushed below $30 an ounce in the recent sell-off as investors raise cash in the wake of the collapse of commodities broker...

Great Panther Silver Reports Improved Fourth Quarter Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/17/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR.TO)(AMEX: GPL) (the "...

Pan American Silver Comments on Changes to Mining Legislation in Rio Negro, Argentina

"Pan American Silver Corp. (TSX: PAA.TO)(NASDAQ: PAAS) ("Pan American" or the "Company") owns 100% of the Calcatreu gold development project ("...

When Will Silver Reach a New High?

Casey ResearchIn...

Warren Buffett Trashes Gold, But What About Silver?

“Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no...

Ron Paul Assaults Ben Bernanke On Parallel Currencies [Video]

Congressman Paul gives an opening...

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

COLORADO SPRINGS, CO--(03/12/12)- Gold Resource Corporation (the Company...

Fractal Analysis: 2012 Silver to $70++

Around this...

Great Panther Silver Reports First Quarter 2012 Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/16/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR....

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

...

Bearish pattern of the day - Silver

Silver has formed a "Descending Triangle" on the daily chart. A descending triangle shows decreasing demand and an increase in supply with each...

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

...

Great Panther Silver Reports First Quarter 2012 Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/16/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR....

On the Money - A Dime a Gallon [Video]

An economic commentary on Ron Paul...

First Majestic Announces Friendly Acquisition of Silvermex Resources

VANCOUVER, BRITISH COLUMBIA--(04/03/12)- First Majestic Silver Corp. ("...

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.

Silver: poor man's gold turning to fool's gold?

Silver bulls may be hoping that the metal's healthy first-quarter price rise is the first step back towards record highs. Not so fast.Its...

March Silver in Backwardation

March silver has been...

Silver Market Update - January 16th, 2012

The diminution in silver's downside momentum and the massive contradiction between our earlier bearish interpretation of the charts, and the...

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.

Highest Voted

Article Comments

Silver News by Type