• Gold: 1,220.77 -5.62
  • Silver: 14.54 -0.09
  • Euro: 1.147 -0.004
  • USDX: 95.993 0.28
  • Oil: 69.23 -0.4

October 19: Gold and Silver Find Slight Gains on the Week

2 days 19 hours ago

Gold dropped $1.90 to $1223.20 in Asia before it climbed up to $1230.50 by a little after 8AM EST, but it then drifted back lower into the close and ended with a gain of just 0.11%. Silver dipped to $14.559 before it rose to as high as $14.715 and then also fell back off, but it still ended with a gain of 0.41%.

March Silver in Backwardation

Happy Anniversary, Silver Investors!

The silver volume that we saw last week was huge and we don’t mean only the one that accompanied the sizable daily price spike. The volume was huge also if we take the entire week into account. In fact, there was only a single week when silver rallied on volume that was bigger than what we saw during last week’s rally – ever. That was the 2011 silver top, when the emotions reached their zenith.

April 23: Gold and Silver Fall Almost 1% and 3%

Gold fell $13.40 to $1322.20 in early afternoon New York trade before it edged back higher in the last couple of hours, but it still ended with a loss of 0.79%. Silver slipped to as low as $16.592 and ended with a loss of 2.92%.

April 24: Gold and Silver Gain While Stocks Fall

Gold gained $3.50 to $1328.50 in Asia before it fell back to $1323.50 in London, but it then climbed to a new session high of $1332.60 in New York and ended with a gain of 0.49%. Silver chopped between $16.565 and $16.752 and ended with a gain of 0.6%.

April 25: Gold and Silver Fall Roughly 1%

Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York, but it still ended with a loss of 0.63%. Silver slipped to as low as $16.503 and ended with a loss of 1.02%.

April 26: Gold Seeker Closing Report: Gold and Silver Edge Lower While Stocks Gain

Gold fell $7.70 to $1315.40 by midday in New York before it bounced back higher into the close, but it still ended with a loss of 0.42%. Silver slipped to as low as $16.425 and ended with a loss of 0.24%.

April 27: Gold and Silver Fall Almost 1% and 4% on the Week

Gold fell $1.90 to $1315.60 in Asia, but it then rallied back higher in London and New York and ended near its late session high of $1325.50 with a gain of 0.46%. Silver rose to as high as $16.564 and ended unchanged on the day.

April 30: Gold and Silver Fall Roughly 1%

Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close and ended with a loss of just 0.67%. Silver slipped to as low as $16.198 and ended with a loss of 1.27%.

May 1: Gold and Silver Fall Before Fed Day

Gold dropped $12.80 to $1301.90 in late morning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.73%. Silver slipped to as low as $16.052 and ended with a loss of 0.86%.

May 2: Gold Ends Slightly Lower While Silver Rises Over 1%

Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York trade and then jumped up to $1313.20 after the release of today’s fed statement, but it then sold back off into the close and ended with a loss of 0.05%. Silver rose to as high as $16.511 and ended with a gain of 1.24%.

May 3: Gold and Silver Gain Before Jobs Day

Gold gained $13.50 to $1318.00 in London before it pared back in New York, but it still ended with a gain of 0.53%. Silver rose to as high as $16.583 and ended with a gain of 0.31%.

Market Report: FOMC Minutes Mark The Low

This week, gold and silver traded lower ahead of the FOMC minutes released on Wednesday. As widely expected, there was no change in the target for the Fed Funds Rate, which will probably be raised a quarter point in June. Yesterday, precious metals began to recover their poise, improving from the lows of earlier in the week.

May 4: Gold and Silver End Slightly Lower on the Week

Gold dipped $2.90 to $1308.50 in Asia before it jumped up to $1315.20 after this morning’s jobs report and then quickly dropped back to $1308.20, but it then rallied back higher into the close and ended with a gain of 0.2%. Silver chopped between $16.342 and $16.504 and ended with a gain of 0.49%.

May 7: Gold and Silver Hold Near Unchanged

Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, but it then bounced back higher in New York and ended with a gain of 0.02%. Silver chopped between $16.568 and $16.404 and ended with a loss of 0.18%.

May 8: Gold and Silver Close Slightly Higher

Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.01%. Silver rose to as high as $16.519 and ended with a gain of 0.06%.

May 9: Gold and Silver End Mixed

Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York trade and then drifted back lower into the close, but it ended with a loss of just 0.2%. Silver dropped down to $16.354 before it rallied back to $16.616 and then also fell back off again, but it still ended with a gain of 0.01%.

May 10: Gold and Silver Gain Roughly 1%

Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then rallied back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $16.75 and ended with a gain of 1.39%.

Market Report: Gold Still Underwritten At $1300

Gold and silver refuse to sink below their established lower consolidation levels, despite dollar strength. As can be seen in our headline chart, silver has enjoyed a decent bounce since 1 May, and gold has held firm at $1300, up 5% from the December low. Since last Friday, gold is up $8 in early European trade this morning (Friday) at $1323, having spiked down to as low as $1304 on Wednesday. Over the same time-scale, silver is up 23 cents on balance at $16.75.

May 11: Gold and Silver End Slightly Higher on the Week

Gold gained $5.30 to $1325.90 at about 8AM EST before it drifted back lower in New York, but it ended with a loss of just 0.13%. Silver rose to as high as $16.828 and ended with a loss of 0.3%.

May 14: Gold and Silver Fall as Dollar Reverses Higher

Gold gained $3.40 to $1322.30 in Asia before it chopped back to $1318.10 in early New York trade and then bounced back higher at times, but it then fell back off again into the close and ended with a loss of 0.41%. Silver slipped to as low as $16.499 and ended with a loss of 0.9%.

May 15: Gold and Silver Fall Roughly 1.5%

Gold fell $24.80 to $1288.70 by midafternoon in New York before it bounced back higher into the close, but it still ended with a loss of 1.6%. Silver slipped to as low as $16.204 and ended with a loss of 1.45%.

May 16: Gold and Silver End Mixed

Gold gained $4.30 to $1296.80 in Asia before it dropped back to $1286.50 in London and then bounced back higher in New York, but it still ended with a loss of 0.16%. Silver edged up to $16.342 before it fell back to $16.187, but it then climbed to new session highs into the close and ended with a gain of 0.55%.

May 17: Gold and Silver Chop Near Unchanged

Gold saw slight gains in Asia before it dropped back to $1285.40 in London and then rebounded in New York, but it ended with a gain of just 0.05%. Silver chopped between $16.325 and $16.489 and ended with a gain of 0.43%.

May 18: Gold and Silver Fall Roughly 2% on the Week

Gold fell $4.90 to $1286.10 at about 9AM ET before it bounced back to $1292.90 in the next couple of hours of trade and then pared back to about unchanged by midday, but it then edged back higher into the close and ended with a gain of 0.05%. Silver dipped down to $16.361 before it rallied back to $16.466, but it then edged back lower in the final minutes of trade and ended with a loss of 0.06%.

Ira Epstein's Silver Report

On a close under 15.90, you might consider a purchase of a 14.00 Put. On a close over 16.25, consider a 19.00 Call. Once you enter, consider writing a further out of the money Put if you bought a Put or writing a further out of the money Call if you bought a Call. By doing so, you will cut down the amount of risk and cost of the original Put or Call while allowing participation via the breakout.

May 21: Gold and Silver Reverse Overnight Losses To End Higher

Gold fell $9.70 to $1282.00 in Asia, but it then rallied back higher throughout trade in London and New York and ended near its late session high of $1292.90 with a gain of 0.04%. Silver rose to as high as $16.516 and ended with a gain of 0.43%.

Silver Manipulation Coming to Fore

The only remaining question at this point is wether anything will come from this or not. My pessimism says, currently, nothing will change. However, with all the uprising in both the U.K. and the U.S. I am hopeful that change will be realized in our lifetime and these criminal shenanigans will come to an end. Time will tell.

June 5: Gold and Silver Gain While Dollar Dips

Gold gained $8.70 to as high as $1300.50 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.36%. Silver rose to as high as $16.53 and ended with a gain of 0.55%.

Silver – The Original World Currency

Silver has been money, and currency, longer than gold. The word “silver” actually translates to “money” or vice-versa in many countries around the world. Any true Christian knows that Judas sold out Jesus Christ for silver. Some theologians have reached the conclusion that Judas sold out Christ for approximately 30 pieces of silver. What would the value of 30 pieces of silver been in time of Christ?

June 6: Gold and Silver End Higher in Mixed Trade

Gold chopped between $1299.40 and $1294.20 in Asia and London before it climbed to a new session high of $1301.60 by a little after 10AM EST and then drifted back lower into the close, but it still ended with a gain of 0.05%. Silver rose to as high as $16.73 and ended with a gain of 1.15%.

June 7: Gold and Silver Hold Near Unchanged

Gold gained $6 to $1303.10 at about 8:30AM EST before it fell back to $1294.90 by midmorning, but it then bounced back higher into the close and ended with a loss of just 0.015%. Silver rose to as high as $16.894 and ended with a gain of 0.06%.

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."

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%.

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.

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.

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%.

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%.

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?

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.

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%.

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 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 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 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 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.

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.

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.

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%.

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 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 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%.

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