• Gold: 1,324.88 -2.46
  • Silver: 19.05 -0.08
  • Euro: 1.120 -0.002
  • USDX: 95.542 0.107
  • Oil: 44.73 -0.18

September 27: Gold and Silver Fall Roughly 1%

10 hours 30 min ago

Gold dropped $12.09 to $1325.21 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 0.76%. Silver slipped to as low as $18.982 and ended with a loss of 1.34%.

Market Report: Weak policies equal higher gold prices

Gold and silver had begun to rally ahead of the interest rate announcements, and following the Fed’s on Wednesday night, gold jumped 2%, and silver by 4%. Silver in particular has had a good week, with the dollar price rising from a low of $18.78 to a high yesterday (Thursday) of $20.07, up nearly 7%. This morning it had eased to $19.80 in early European trade. Gold rose from a Monday low of $1309.5 to a high of $1343.7 yesterday, a rise of 2.6%.

Silver Market Morning: Sep-23-2016 -- Gold and silver challenging overhead resistance!

Looking back over the week, we have seen overall U.S. demand for the shares of U.S. based gold ETFs strong and sales standing back waiting to see where gold prices will go from here. A critical question to ask is, “Have the major sellers exited the market?” If they have we could see decisive action from physical gold demand ahead.

September 22: Gold and Silver End Slightly Higher

Gold edged down to $1331.45 in Asia before it climbed up to $1343.53 by midday in New York and then fell back off in the next few hours of trade, but it still ended with a gain of 0.23%. Silver rose to as high as $20.052 and ended with a gain of 0.35%.

Silver Price Forecast: Higher Silver Prices For Many Years To Come

The current season is ideal for silver and gold rallies, and this increases the likelihood that the above patterns will resolve soon. Furthermore, we are also in stock market crash season, which could be the greatest driver for the coming silver rally, since significant nominal peaks in the price of silver tend to come after significant nominal peaks in the Dow (I have written about this extensively).

Silver Market Morning: Sep-22-2016 -- Gold and silver jumping in dollars, not Euros, after the Fed!

We have a different take on the Fed’s announcement than the one that’s being reported inside the U.S. We see Janet Yellen and her team, although divided, paying great attention to the impact on the dollar, as we have said many times before. Most U.S. institutions look at the U.S. as being the driver of the rest of the world, leading the way forward. But the reality is that the U.S. is not an island, as shown by the dollar’s price in other currencies.

September 21: Gold Gains and Silver Surges Over 3% Higher

Gold dipped $3.64 to $1310.96 in Asia before it rallied up to $1329.39 at about 8AM EST and then drifted back lower at times, but it then jumped up to $1335.12 after today’s fed statement and ended with a gain of 1.48%. Silver rose to as high as $19.864 and ended with a gain of 3.12%.

Golden Arrow Advances Mine Permitting at Chinchillas Silver Project

Golden Arrow Resources Corporation (TSX VENTURE:GRG)(GAC.F)(GARWF)(WKN:A0B6XQ) ("Golden Arrow") is pleased to announce that the Environmental Report ("ER") for exploitation at the Chinchillas project has been submitted to the mining authority in the Province of Jujuy.

Silver Market Morning: Sep-21-2016 --Gold and silver waiting for the Fed!

There were substantial sales from the SPDR gold ETF yesterday, but Shanghai ignored it then London tried to pull prices back, to sit in the middle between New York and Shanghai. This is only the second time Shanghai has walked its own road very clearly. Before, exchange rate changes could have explained the moves, but not this time. If this pattern is continued pricing power will be shifting to China from New York.

September 20: Gold and Silver Gain Before Fed Day

Gold gained $3.99 to $1317.29 in Asia before it fell to see a slight loss at $1312.36 at about 9:30AM EST, but it then bounced back higher in the next couple of hours of trade and ended with a gain of 0.1%. Silver rose to as high as $19.266 and ended with a gain of 0.37%.

Silver Market Morning: Sep-20-2016 -- Gold and silver waiting for two central banks!

Shanghai did walk its own road today sitting at $1,321 throughout the day, despite the lower gold price close in New York. London opened close to that level, but quickly slipped back to $1,315. We are now less than two weeks away from the adoption of the Yuan as one of the currencies that make up the SDR. The Yuan is being restrained at current levels, but we see it falling against the dollar for at least the rest of the year.

September 19: Gold Gains and Silver Surges 2%

Gold gained $7.16 to $1318.06 in Asia before it drifted back lower in London and New York, but it still ended with a gain of 0.18%. Silver rose to as high as $19.298 and ended with a gain of 2.08%.

Silver Market Morning: Sep-19-2016 --Gold and silver consolidating!

With Shanghai back in business we see it registered the purchase into the SPDR gold ETF and took the price higher. On the surface it looked like Shanghai was walking its own road after the holidays, but with the SPDR having to find the gold in London today to supply the Friday’s buying we feel that Shanghai was fulfilling its role in the 24-hour global gold market.

September 16: Gold and Silver Fall Over 1% on the Week

Gold edged up to $1316.08 in Asia before it chopped down to $1306.75 in midmorning New York trade and then bounced back higher at times, but it still ended with a loss of 0.24%. Silver slipped to as low as $18.676 and ended with a loss of 1.21%.

Market Report: Consolidation enters tenth week

Traders have returned to their desks this month to find the economic and interest rate outlook is as uncertain as ever. After recent attempts to prepare the market for a September rise in the Fed Funds Rate, from various officials’ statements the Fed appears to have backed off, leaving open the possibility it will raise rates in December instead. We will know the outcome of the September meeting this coming week on 20-21 September, after which Ms Yellen will hold her quarterly news conference.

Silver Market Morning: Sep-16-2016 --Gold and silver drifting lower!

The gold price is drifting assisted by a steady stream of selling from the SPDR gold ETF in the last week. These sales do seem to be aiming at lowering prices. It is a great opportunity for bears insofar as a short position taken on COMEX of a larger size than the physical sales ensures profits on the falls. This is what’s happening now. But the drifting nature of the gold price could be turned back just as fast buy a large buy order.

September 15: Gold and Silver Close Mixed While Stocks Rise 1%

Gold chopped around a $7 range on either side of unchanged in Asia before it dropped down to $1309.46 by a little after 10AM EST and then bounced back to almost unchanged at $1321.18 in the next hour of trade, but it then drifted back lower in afternoon trade and ended with a loss of 0.65%. Silver climbed up to $19.129 before it dropped back to $18.823, but it then rallied back higher in late morning trade and ended with a gain of 0.11%.

Silver Market Morning: Sep-15-2016 --Gold and silver waiting for news!

With Shanghai on holiday today and another holiday coming in the next few days London and New York are making the prices of gold and silver. Gold in London is drifting alongside the Technical picture. The Technical picture is negative but with such strong support below current levels and below $1,300, we are doubtful that it will have more influence than it currently has in a market that is ‘drifting’.

September 14: Gold and Silver Gain While Dollar and Oil Fall

Gold gained $7.51 to $1325.51 by late morning in New York before it chopped back lower in early afternoon trade, but it still ended with a gain of 0.35%. Silver climbed to as high as $19.118 and ended with a gain of 0.58%.

Silver Market Morning: Sep-14-2016 --Gold and silver looking for direction still!

Shanghai went $7 higher than New York but London pulled it back but not far. This is the second day that we have seen pricing in Shanghai separating itself from New York. London’s pricing seems to respect Shanghai and could be asking the same question. Exchange rates appear to have a key influence on prices at the moment.

SilverCrest Announces Remaining Phase I Drilling Results from Las Chispas Project; Further Drilling Confirms Grade Continuity in Las Chispas Vein

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the results of the remaining drill holes from Phase I drilling for the Las Chispas Project. The Las Chispas Project (“Las Chispas”) is located in Sonora State, Mexico and is in a historic silver-gold mining district which presently hosts two nearby precious metal producers. Historic information indicates that of the fourteen historically reported veins at Las Chispas, only three veins, the Las Chispas, William Tell and Babicanora, had documented production, which occurred between 1880 and 1930.

September 13: Gold and Silver Fall With Stocks, Bonds, and Oil

Gold gained $5.02 to $1332.02 in Asia, but it then fell back off in New York and ended near its late session low of $1315.66 with a loss of 0.68%. Silver slipped to as low as $18.792 and ended with a loss of 1.36%.

Silver Market Morning: Sep-13-2016 --Gold and silver looking for direction!

Shanghai went $6 higher than New York and London followed this price at the opening before pulling back to New York’s close at the LBMA price setting. We are watching to see if this is the start of pricing in Shanghai separating itself from New York. London’s pricing seems to respect Shanghai and could be asking the same question.

September 12: Gold and Silver Waffle Near Unchanged on Fed Commentary

Gold edged up to $1330.17 in Asia before it fell back to $1320.94 in early afternoon New York trade and then bounced back higher in the next couple of hours, but it still ended with a loss of 0.14%. Silver slipped to as low as $18.714 before it climbed up to $19.172 and then chopped back lower, but it still ended with a gain of 0.31%.

Silver Measures Wealth While Gold Stocks Increase It

Given the likelihood that silver will become the new (old) standard by which wealth is measured, the risk of becoming poorer (in silver ounces) is greatly increased. Earning income, from a business or employment remain of the best ways to continue increasing one’s silver ounces, but to maintain one’s real income levels (in terms of silver ounces) increasingly higher income (in terms of other measures) will be required.

Silver Returns Earthward

The prices of both metals were down this holiday-shortened (Labor Day in the US) week, especially on Friday. The decline corresponded to a spike in interest rates. Of course everyone watched the action of the stock market on Friday. Whatever the proximate cause, the root is credit. When borrowing to buy assets does not work, then selling assets to repay debt is required. It could be companies who bought their own shares, it could be European banks. It could be leveraged investors speculators in their Etrade accounts.

A Buying Opportunity for Silver ETFs?

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Silver Market Update - January 16th, 2012

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Great Panther Silver Reports Improved Fourth Quarter Production

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

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Warren Buffett Trashes Gold, But What About Silver?

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Ron Paul Assaults Ben Bernanke On Parallel Currencies [Video]

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

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First Majestic Announces Friendly Acquisition of Silvermex Resources

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

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Great Panther Silver Reports First Quarter 2012 Production

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Bearish pattern of the day - Silver

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The Coming Paradigm Shift in Silver

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Bearish pattern of the day - Silver

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Silver Market Update

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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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On the Money - A Dime a Gallon [Video]

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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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