• Gold: 1,245.20 2.06
  • Silver: 14.62 0.07
  • Euro: 1.133 -0.000
  • USDX: 97.388 0.289
  • Oil: 52.17 0.2

December 11: Gold and Silver Close Mixed with Stocks

5 hours 38 min ago

Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of 0.1%. Silver rose to as high as $14.719 before it dropped back to $14.516, but it then rallied back higher in late trade and ended with a gain of 0.21%.

Silver Bull Market Is Almost Here

If the comparison to the 1980s pattern is justified, and the current pattern continues in a similar fashion, then silver will go into a long bear market. If the current fractals diverge from the 1983 fractals by going higher than the point 5 price-level, then the bull market will resume with vigour. In the short-term for a bull market scenario, the price needs to clear the top line of the flag or pennant-type pattern that has formed since point 5, and avoid dropping below the bottom red line.

June 29: Gold and Silver Fall Over 1% and 2% on the Week

Gold edged up to $1252.80 in Asia before it chopped back to $1248.60 in midmorning New York trade, but it then jumped to a new session high of $1255.60 at about 1PM EST and ended with a gain of 0.34%. Silver rose to as high as $16.155 and ended with a gain of 0.56%.

Can silver rally without gold?

The article titled “Silver’s Critical Role In Electrification May Fuel Its Rise” contains some interesting comments about the silver market, but with one minor exception the information presented in this article has no bearing on silver’s risk/reward as a speculation or investment. The minor exception is the high (by historical standards) gold/silver ratio, which suggests that the silver price is likely to rise relative to the gold price over the next few years. However, none of the information about silver ‘fundamentals’ presented in the article is relevant to the silver price.

June 28: Gold and Silver Fall A Fourth Day

Gold gained $2.40 to $1254.20 at about 9AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.29%. Silver slipped to as low as $15.922 and ended with a loss of 0.31%.

June 27: Gold and Silver Drop Further

Gold edged up to $1259.90 at about 8AM EST, but it then drifted back lower into the close and ended near its late session low of $1250.90 with a loss of 0.56%. Silver slipped to as low as $15.971 and ended with a loss of 1.53%.

June 26: Gold and Silver Fall Again

Gold fell $10.90 to $1254.90 by a little after 8AM EST before it bounced back higher in New York, but it still ended with a loss of 0.55%. Silver slipped to as low as $16.148 and ended with a loss of 0.31%.

June 25: Gold and Silver Edge Lower While Stocks Tumble

Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New York, but it ended with a loss of just 0.35%. Silver slipped to as low as $16.27 and ended with a loss of 0.67%.

June 22: Gold and Silver Fall Almost 1% on the Week

Gold gained $3.60 to $1271.00 in Asia before it chopped back to $1267.00 in London, but it then edged back higher in New York and ended with a gain of 0.22%. Silver rose to as high as $16.482 and ended with a gain of 0.92%.

June 21: Gold Dips While Silver Holds Steady Again

Gold dropped $8 to $1261.50 by a little after 8AM EST before it rallied back higher throughout most of trade in New York, but it still ended with a loss of 0.17%. Silver fell to $16.18 in Asia before it rallied to as high as $16.358 in early afternoon New York trade and then edged back lower into the close, but it still ended with a gain of 0.06%.

Silver Could Provide Great Opportunity To Bank And Grow Stock Market Profits

The relationship between silver and the Dow is such that significant Dow peaks are often followed by significant silver rallies. It is for this reason that silver can provide a great opportunity to bank Dow profits and even grow them much bigger.

How to Trade in Silver

Before I write anything on silver, I must admit that I have been a silver bull ever since I started analyzing silver. I continue to be a very long term silver bull. I am unfazed by silver’s bearish trend over the past few years. I personally invest only in physical silver. I like to trade in physical silver. I am against investing in a silver ETF or any metals ETF. I must thank my friends in Kucha Mahajani Delhi (the gold and silver market in the heart of delhi) for forcing me to analyze silver before MCX opened in India. I started analyzing gold only after MCX opened in India.

June 20: Gold Dips While Silver Holds Steady

Gold dipped $4.20 to $1271.30 in London before it bounced back to $1276.20 in morning New York trade, but it then fell back off into the close and ended with a loss of 0.47%. Silver slipped to as low as $16.252 and ended unchanged on the day.

June 19: Gold and Silver Find Slight Losses Again

Gold gained $5.60 to $1284.00 in Asia before it fell back to $1270.60 in London, but it then bounced back higher in New York and ended with a loss of just 0.23%. Silver dipped to as low as $16.237 before it also climbed back higher in New York, but it still ended with a loss of 0.85%.

June 18: Gold and Silver Edge Lower

Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between $16.624 and $16.418 and ended with a loss of 0.9%.

June 15: Gold and Silver Fall Over 1% on the Week

Gold fell $27.40 to as low as $1275.40 at about 1:30PM EST before it bounced back higher into the close, but it still ended with a loss of 1.71%. Silver slipped to as low as $16.455 and ended with a loss of 3.49%.

June 14: Gold and Silver Gain with Dollar While Euro Plummets

Gold gained $9.10 to $1309.20 at about 8:30AM EST before it chopped back lower for most of the rest of trade, but it still ended with a gain of 0.21%. Silver rose to as high as $17.305 and ended with a gain of 0.70%.

June 13: Gold and Silver Close Higher After Mixed Fed Reaction

Gold dipped $3.50 to $1292.60 in Asia before it bounced back to $1299.00 by late morning in New York and then fell back to $1292.90 after today’s fed statement, but it then shot up to a new session high of $1301.00 in the last minutes of trade and ended with a gain of 0.31%. Silver climbed up to $16.992 before it also dropped in early afternoon trade, but it then jumped to a new session high of $17.106 and ended with a gain of 1.25%.

Defiance Acquires Mag Silver's Zacatecas Silver District Holdings; Mag Becomes Strategic Shareholder

Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) ("Defiance") is pleased to announce that it has entered into a binding agreement to acquire MAG Silver's Zacatecas Silver District holdings. As consideration for the sale, MAG will acquire 5,000,000 common shares of Defiance representing an approximate 5% strategic investment position. Defiance will receive a 100% interest in MAG's Lagartos Project along with a significant regional exploration database covering 135,000ha stretching from the Zacatecas to the Fresnillo Silver Districts.

Silver Shares? Nobody Cares.

Almost nothing happened on the precious metals market yesterday, or at least that may seem to be the case as the first sight. And that’s true if one doesn’t count the spike in GLD’s volume, but there was something else that actually should have caught one’s attention and it probably wasn’t the case for many gold traders. Silver stocks just broke to new monthly low. What does this tell us?

June 12: Gold and Silver Fall Before Fed Day

Gold dipped $7.20 to $1293.20 in early New York trade before it bounced back to $1299.60 by late morning, but it then drifted back lower into the close and ended with a loss of 0.33%. Silver slipped to as low as $16.734 before it rallied back to $16.946, but it then chopped back lower in afternoon trade and ended with a loss of 0.41%.

June 11: Gold and Silver Gain with Stocks and Oil

Gold gained $2.60 to $1301.10 in Asia before it fell back to $1294.20 in London, but it then climbed to a new session high of $1302.10 by late morning in New York and ended with a gain of 0.15%. Silver chopped between $16.748 and $16.939 and ended with a gain of 1.01%.

Silver’s Not-so-subtle Outperformance

Silver soared recently and white metal’s rally was accompanied by a huge volume. Those who are new to the precious metals market will probably immediately view this as bullish as that’s what the classic technical analysis would imply. Silver is not a classic asset, though, and classic measures often don’t apply to it. One way to check the real implications of a given development is to examine the previous cases and see what kind of action followed. That’s what we’re going to do in today’s free analysis. Let’s start with silver’s daily chart.

SWOT Analysis: Silver Outperforms Gold with Five Straight Days of Gains

The best performing metal this week was silver, up 2.24 percent. A majority of gold traders were either bullish or neutral on bullion this week after being mostly bullish last week due to political uncertainty in Europe, according to the weekly Bloomberg survey. India saw a third straight session of high gold prices due to continued buying by local jewelers with prices hovering around $1,300 internationally.

June 8: Gold Gains and Silver Rises Over 2% on the Week

Gold dipped to $1294.20 in Asia before it bounced back to $1300.50 in London and then drifted in New York, but it still ended with a gain of 0.12%. Silver chopped between $16.622 and $16.822 and ended with a gain of 0.42%.

The Deviant Conundrum called Silver

When I was a young lad, there was a classmate (let's call him "Frankie") in the very early years of my education whose behavior was quite often deemed as "peculiar" and while I found him immensely entertaining, the teaching staff and my fellow students did not entirely agree. Frankie was the kind of kid who would bang on our doorknocker on a frigid winter morning just before sunrise, fully clad in hockey skates, gloves and stick, and ask if he could skate on our frozen backyard hockey rink. The fact that it was a school day made it not exactly the brightest of decisions but my Dad would invariably say "Alright. You two boys have got 20 minutes then back in your houses to get ready for school."

Silver Market Morning

Gold closed slightly weaker at $1,342.80 down $1.80 in New York on Wednesday. Asia initially let it slip slightly with dealers following the euro against the dollar in thin trade, but before London opened Asia let it slide to $1,334. London held it around there until the Fix, where it was set at $1,333.75 down $15.75 over yesterday’s Fix. In the euro it Fixed at €975.819 down only €5.0 over yesterday’s Fixing as the dollar strengthened. Ahead of New York’s opening gold stood at $1,332.60 and in the euro at €977.19, while the dollar stood at $1.3637: €1.

November 7: Gold and Silver Fall Almost 1%

Gold jumped $8.60 to $1325.80 after this morning’s surprise ECB rate cut before it fell to $1296.49 after GDP came out stronger than expected, but it then bounced back higher in late morning New York trade and ended with a loss of just 0.79%. Silver shot to $21.996 before it fell back to $21.382 and then also rallied back higher, but it still ended with a loss of 0.83%.

November 13: Gold and Silver End Mixed

Gold climbed $10.76 to $1279.66 at about 9AM EST before it fell back to $1268.37 in the next four and half hour of trade, but it then rallied back higher into the close and ended with a gain of 0.35%. Silver edged up to $20.868 before it fell back to $20.443 and then also bounced back higher, but it still ended with a loss of 0.92%.

November 19: Gold and Silver End Slightly Lower

Gold dipped $4.55 to $1269.15 by a little after 6AM EST before it climbed to as high as $1278.76 in morning New York trade, but it then dropped back off midday and ended with a loss of 0.02%. Silver slipped to $20.219 before it bounced back to $20.493, but it then fell back off in late trade and ended with a loss of 0.44%.

December 3: Gold and Silver End Near Unchanged

Gold gained $6.18 to $1225.18 in Asia before it fell back to $1215.86 by a little after 10AM EST and then climbed back to $1225.23 in the next hour of trade, but it then drifted back lower into the close and ended with a gain of just 0.3%. Silver edged up to $19.314 in Asia before it fell back to $18.997 and then also bounced back higher, but it still ended with a loss of 0.16%.

BREAKING: Canadian Maple Leaf Sales Q1-Q3 Already Surpass 2012 Total

As the Fed and Central Banks continue to pump huge amounts of liquidity into the market, investors have been buying record amounts of Canadian Silver Maples. Demand for the Canadian Gold & Silver Maples hit a record in 2011, but then declined in 2012 as investors started to believe that the monetary authorities had the financial system back under control -- an illusion that will cost them dearly in the future.

Eric Coffin’s Exclusive Interview with Eric Fier, COO of SilverCrest Mines Inc.

In a sector that has drawn so much market scorn in the past two years, this is a team that just gets it done. I think the current pull back is a perfect time for you to hear the story of this leader in the small producer space and get Eric Fier’s views on why SilverCrest has been such a success. There are lessons and observations that can be applied by traders looking for other winners. It should also be obvious by the end of the interview why SilverCrest continues to be a favorite on the HRA company list.

December 30: Gold and Silver Fall About 2%

Gold fell $13.13 to $1201.07 at about 5:30AM EST before it bounced back to $1208.50 in the next three and a half hours of trade, but it then fell to a new session low of $1195.43 in the last fifteen minutes of trade and ended with a loss of 1.42%. Silver slipped to as low as $19.48 and ended with a loss of 2.15%.

January 9: Gold and Silver End Slightly Higher

Gold climbed $6.24 to $1231.14 at about 8AM EST before it fell to as low as $1223.61 by late morning in New York, but it then bounced back higher in early afternoon trade and ended with a gain of 0.29%. Silver slipped to as low as $19.413 by late morning in New York before it shot to a new session high of $19.712 in early afternoon trade, but it then drifted back lower into the close and ended with a gain of just 0.05%.

January 10: Gold and Silver End Mixed on the Week

Gold saw decent gains in Asia before it fell back to $1228.59 just as this morning’s jobs report was released, but it then climbed to as high as $1248.75 by early afternoon in New York and ended with a gain of 1.52%. Silver surged to as high as $20.25 and ended with a gain of 2.86%.

Silver Market Morning

On Tuesday the gold price in New York fell to close at $1,243.40 with Asia taking it $3 lower. The dollar is slightly stronger at $1.3639: €1 ahead of London’s opening. In London the gold price was Fixed at $1,238.00 down $10.75 on yesterday. In the euro it, Fixed at €908.557 down €4.54. Ahead of the opening in New York gold stood at $1,238.15 and in the euro at €909.07. The dollar stood at $1.3622: €1

SilverCrest Announces Record Annual and 4th Quarter Production in 2013

“2013 was another successful year and marked SilverCrest’s second full year in commercial production. Management congratulates our operating team for their valuable contributions and for delivering on their commitments. Santa Elena surpassed production guidance which was revised upwards during the year and produced 2.66 million AgEq(1) ounces in 2013. Moving forward in 2014, SilverCrest will continue to focus on delivering strong operating results and optimizing our operating cash flow as we complete the Santa Elena Expansion and increase production to approximately 3.3 million to 3.6 million AgEq(1) ounces. Management will continue to focus on improving cash flows by reducing costs and increasing productivity where possible to offset the current precious metals prices. Operating cash costs are expected to range from $8.50 to $9.25 AgEq(1) ounce in 2014. Further details on market guidance will be presented in the upcoming annual financial report."

Interview with Eric Sprott

Last question is without having a crystal ball scenario going on here, what is your pick for the December 31, 2014 closing price of gold? Eric Sprott: Over $2,000 per oz. What about silver? Eric Sprott: Over $50 per oz.

Silver Market Morning: January 21, 2014

We expect consolidation by the silver price today, in New York.

Silver Market Morning: January 23, 2014

Silver – The silver price true to history continues to move in tandem with gold. That’s why, what affects gold affects silver prices too.

Silver Market Morning

New York saw gold jump to $1,262 from $1,237 before closing at $1,259. Asia held it slightly higher ahead of the opening in London. The dollar traded at $1.3686 somewhat weaker than yesterday. London traded it up until the Fixing, which was set at $1,259.25 up $15.00 on Thursday. In the euro, it Fixed at €920.437 up €7.561 reflecting a weaker dollar which stood at $1.3730, down a cent. The Fix was set higher than the market was trading showing strong demand. Ahead of the opening in New York gold stood at $1,271.10 and in the euro at €925.78.

The Financial Cancer is No Longer Dormant

If this is indeed “the Big One,” the timeframe to PROTECT oneself may run out very, very quickly. Hopefully, you have spent the past five years preparing for the inevitable, global currency crash; and if you haven’t, what are you waiting for? All aspects of one’s life should be considered; but when it comes to the financial aspect, only PHYSICAL gold and silver have maintained their purchasing power throughout similar crises – and likely, will benefit more than any other asset class from what’s coming. Whether or not the “greatest wealth transfer in history” occurs – from those holding fiat-currency denominated wealth to those holding real assets – we don’t know, but we suspect it will. Either way, the odds of surviving what’s coming will increase exponentially if you limit your exposure to the financial cancer enveloping the world; i.e., the destruction of fiat currencies.

January 28: Gold and Silver End Barely Lower

Gold popped up to $1261.39 in early New York trade before it fell back off into midmorning, but it then bounced back higher in the last few hours of trade and ended with a loss of just 0.08%. Silver slipped to as low as $19.488 and ended with a loss of 0.25%.

Silver Market Morning

The New York gold price was slightly lower at $1,254.70 down $3.10 at the close on Tuesday. Asia held it there ahead of London’s opening. London set the gold price at $1,257.00, $4.00 up on Tuesday. In the euro, it Fixed at €930.353 up €3.166 while the dollar stood at $1.3511 barely changed. Ahead of the opening in New York gold stood at $1,257.35 and in the euro at €930.54.

February 10: Gold and Silver Gain While Miners Surge

Gold climbed $10.78 to $1277.88 at about 8:20AM EST before it chopped back lower at times, but it still ended with a gain of 0.59%. Silver rose to as high as $20.287 and ended with a gain of 0.1%.

Silver Market Morning

The New York gold price rose slightly to $1,290.90 up $1.00 at the close on Wednesday. Asia held it there ahead of London’s opening. London held it there before Fixing the gold price at $1,290.25 up $3.75. In the euro, it Fixed at €943.648 up €0.812, while the dollar stood at $1.3673, almost unchanged. Ahead of the opening in New York gold stood at $1,292.50 and in the euro at €945.88.

Silver Market Morning

The New York gold price saw gold pause at $1,318 with Asia holding it there before London took it down steadily to $1,314 In London it Fixed at $1,314 down $12.00. In the euro, it Fixed at €957.586 down just over €10.00, while the dollar stood at $1.3722, weaker again. Ahead of the opening in New York gold stood at $1,313.75 and in the euro at €956.57.

SilverCrest Receives US$10 Million Commitment from Sandstorm Gold for Underground Mine Option at Santa Elena

SilverCrest Mines Inc. (TSX:SVL)(NYSE MKT:SVLC) ("SilverCrest" or "the Company") is pleased to announce it has received notice of exercise of the Underground Mine Option from Sandstorm Gold Ltd. ("Sandstorm") for the Santa Elena Mine, Sonora, Mexico. This Option allows Sandstorm to purchase 20% of the gold produced from underground operations at the Santa Elena. In consideration of exercise of the option, Sandstorm will make an additional upfront deposit of US$10 million to the Company on or before March 17, 2014 and will continue to make ongoing per ounce payments of US$350 until 50,000 ounces of gold have been delivered to Sandstorm, inclusive of 18,593 ounces already received from open-pit production, at which time the payments will increase to US$450 per ounce of gold.

February 27: Gold and Silver End Slightly Higher

Gold dropped $5.05 to $1323.95 in late Asian trade before it rebounded to $1335.36 at about 10:30AM EST and then drifted back to $1326.99 in the next four hours of trade, but it then rallied back higher in late trade and ended with a gain of 0.11%. Silver slipped to $21.002 in Asia before it bounced back to $21.485 in London and then chopped back lower in New York, but it still ended with a gain of 0.19%.

March 7: Gold and Silver End Mixed on the Week

Gold edged down to $1346.45 in Asia before it rebounded to $1352.69 at about 8:20AM EST and then dropped back to as low as $1329.28 after this morning’s jobs report was released, but it then rallied back higher in the last four and a half hours of trade and ended with a loss of just 0.82%. Silver slumped to as low $20.769 before it also rallied back higher, but is still ended with a loss of 2.7%.

Silver Market Update

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The Silver Bull Market Is Over?

Is the Silver Bull Market Over? This is one question that we feel very confident that the answer to it is no; but still we are specifically watching for articles or news stories suggesting that the precious metals bull market is over. We have seen a few articles announcing the end of the metals bull market and we will explain why this is significant to us later in this article. But first, there are a host of reasons why we think the bull market in precious metals is alive and well and we will address a few of these reasons in this article.

May 9: Gold and Silver Fall 1%

Gold fell over $27 to as low as $1579.74 by about 9AM EST, but it then rallied back higher into the close and ended with a loss of just 0.98%. Silver slipped to as low as $28.629 before it also rallied back higher, but it still ended with a loss of 1.02%.

First Majestic Silver Corp.: Del Toro NI 43-101 Technical Report & Pre-Feasibility Study

FIRST MAJESTIC SILVER CORP. (FR.TO)(AG)(FMV.F)(WKN:A0LHKJ) (the "Company" or "First Majestic") is pleased to announce a new NI 43-101 Technical Report (TR) and Pre-Feasibility Study (PFS) for the Del Toro Silver Mine.

Europe in Focus

Over the weekend, the European political/economic conflagration worsened further, with the Spanish Prime Minister forced to re-assure the populace on national TV that “this is not the eve of the Apocalypse” – which it is, of course, from a financial standpoint. European equities were flat to down, although Spain and Italy enjoyed a brief respite by BEGGING the EU to create some cockamamie “governing board” to take over their finances. It will never happen, but allowed those two markets mild dead-cat bounces. Following Friday’s major PM up day, prices have been holding their own all day with the Dow down yet again – particularly gold, now just $6 from its Friday close. With Wednesday’s ECB meeting and Bernanke’s Thursday speech before a Joint Congressional Economic Committee about the near-term outlook, be prepared for ANYTHING this week.

COMEX Silver Inventory Update: -530,305.40 ounces

COMEX Silver Inventory Update: -530,305.40 ounces

July 5: Gold and Silver End Slightly Lower

Gold climbed up to $1623.53 at about 7:45AM EST before it fell back to $1597.59 in the next hour of trade, but it then bounced back higher at times and ended with a loss of 1.13%. Silver rose to $28.39 before it slumped back to $27.516 and then also bounced back higher, but it still ended with a loss of 2.29%.

Site Visit: Santa Elena Mine, SilverCrest Mines Inc.

SilverCrest Mines Inc. (TSX-V: SVL | OTCQX: STVZF) is a Vancouver based precious metals producer and mine development company who is rapidly advancing several projects in northern Mexico. The company has grown their flagship Santa Elena Mine in Sonora from an exploration project into a producing mine, drilled out a significant resource at their nearby Cruz de Mayo property, and recently announced a large silver equivalent (Ag, Au, Cu) resource at their La Joya deposit in Durango.

July 11: Gold and Silver End Slightly Higher

Gold climbed up to $1583.00 in Asia before it fell back to as low as $1567.21 immediately after the fed’s minutes were released, but it then bounced back higher in late trade and ended with a gain of 0.52%. Silver slumped to $26.816 before it also bounced back higher and ended with a gain of 0.93%.

Huldra Silver Receives Level 1 Vein Drift Assays Up to 10884 g/tonne Ag (362.8 oz/ton Ag) Over .5 Metres at Treasure Mountain

Huldra Silver Inc. (HDA.V) ("Huldra" or the "Company") is pleased to announce sample results from the underground exploration and resource definition program on its 100% owned Treasure Mountain Property. All of the samples presented are from the fifth raise on Level 1 or from the vein drift extension on Level 1. The mine is developed on 4 levels over a vertical height of 295 metres following the vein down dip.

Dropping The Silver Investigation?

In the thinnest days of the summer – with the Olympics going on, no less – it looks like nothing short of a scheme to knock silver down occurred when a ridiculous article was published SUNDAY in the Financial Times that the CFTC was dropping its silver investigation.

August 9: Gold and Silver Gain With Dollar

Gold climbed $4.61 to $1617.41 in Asia before it fell back to $1609.70 in London, but it then rallied back higher in New York and ended near its early afternoon high of $1618.09 with a gain of 0.3%. Silver slipped back to $27.864 by a little after 8AM EST, but it then bounced back higher in New York and ended with a gain of 0.39%.

August 14: Gold and Silver End Mixed

Gold climbed $8 to $1616.30 in Asia before it fell back to $1589.28 in early New York trade, but it then bounced back higher midday and ended with a loss of just 0.54%. Silver rose to $28.02 before it dropped back to $27.64, but it then rallied back higher midday and ended with a gain of 0.14%.

Where Is Silver Going?

The War Against Us

April 27: Gold and Silver End Mixed on the Week

Gold fell $7.13 to $1650.47 in Asia before it shot up to $1667.30 in New York and then pared its gains a bit in the last few hours of trade, but it still ended with a gain of 0.28%. Silver surged to as high as $31.435 and ended with a gain of 0.61%.