• Gold: 1,525.51 -3.03
  • Silver: 17.37 -0.09
  • Euro: 1.113 -0.001
  • USDX: 97.64 -0.647
  • Oil: 53.65 -1.71

Julian Phillips: Silver Price Falls with Euro; in...

Comment Wire: The fall in the silver price to current levels of $27.34 reflects the fall in the euro and not that rise of the dollar. Both gold and silver have for so long been treated as "counters to the dollar" to quote the Bundesbank's ex-President Herr Weber. But this does not mean, after market volatility says differently, that silver should move with the euro.

Silver Price Technical Watch - Supports in Play

Silver finds its long-term uptrend support around $26-$27 an ounce, along with the general support zone around the $27 area. Silver sits today right at or near these levels and should the price breakdown further, silver could fall back to the lower $20’s. On the upside, should silver hold these supports, a quick snapback to $29-$30 is likely with further technical resistance found around $32-33.

Bill Murphy Comments On Today's Market Action

It's go into the bunker time as markets are in sell everything mode. It is a sad day when King Dollar reigns. Our politicians can't even deal with cutting the rate of our debt increases, much less really address our mounting fiscal problems.

COMEX Silver Inventory Update: +109,426.15 ounces

COMEX Silver Inventory Update: +109,426.15 ounces

iShares Silver Trust: 9,649.21 tonnes

iShares Silver Trust: 9,649.21 tonnes

iShares Silver Trust: 9,649.21 tonnes

iShares Silver Trust: 9,649.21 tonnes

COMEX Silver Inventory Update: +109,536.52 ounces

COMEX Silver Inventory Update: +109,536.52 ounces

iShares Silver Trust: +30.19 tonnes

iShares Silver Trust: +30.19 tonnes

COMEX Silver Inventory Update: -601,427.04 ounces

COMEX Silver Inventory Update: -601,427.04 ounces

iShares Silver Trust: +102.62 tonnes

iShares Silver Trust: +102.62 tonnes