• Gold: 1,201.54 0.08
  • Silver: 14.02 0.01
  • Euro: 1.122 -0.001
  • USDX: 97.642 0.737
  • Oil: 58.82 -1.23

November 12: Gold and Silver Fall with Stocks and Euro

2 hours 8 min ago

Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new session low of $1200.70 in New York and ended with a loss of 0.69%. Silver slipped to as low as $14.005 and ended with a loss of 1.13%.

Revisiting 2011 and COMEX Silver

There has been a lot of talk lately about the bullish internals of COMEX silver, and rightfully so! The size of the Speculator net short position is the largest in two decades, and this is a decidedly bullish indicator. Since all of this data comes from the weekly, CFTC-generated Commitment of Traders reports, we thought it would be fun to take a look back today and compare/contrast the current open interest and CoT structure to 2011, the last time price got "disorderly" to the upside.

March 27: Gold and Silver Fall With Stocks

Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.64%. Silver slipped to as low as $16.471 and ended with a loss of 1.08%.

Silver Futures Report and JP Morgan Record Silver Bullion Holding Is Extremely Bullish

The COT data signaled we are close to bottoming and suggest that both gold and silver should make gains in the coming weeks and months. The data showed that the hedge funds and “Managed Money traders,” the “dumb money” speculators now have record short positions in silver. At the same time, the large commercials and including large bullion banks such as JP Morgan, the “smart money” and the “inside money” have reduced their shorts dramatically and are now long.

Has Silver's Time Finally Arrived?

Has silver's time finally arrived? This week Mike Maloney links to several pieces of news and data that show a massive shift in the silver market, as well as a gigantic nail in the coffin for the US Dollar Standard. Be sure to read the accompanying articles and watch the video Mike mentioned for some excellent in-depth analysis on why now might be the time for silver.

March 26: Gold and Silver Gain Almost 1%

Gold climbed $10.10 to $1355.80 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 0.54%. Silver rose to as high as $16.785 and ended with a gain of 0.97%.

Trade War and Silver CoT – Details and Implications

Gold soared by the end of the week. Miners didn’t – the HUI didn’t even move above the previous March highs. Silver’s performance was rather mixed, but closer to the one of miners than the one of gold. Why did gold rally? Why didn’t miners rally? How can the silver CoT numbers help in this case?

Buy Silver with Reckless Abandon

Look at the positioning of the mighty Commercial Traders, who rarely lose money and who operate under the blinded eye of regulatory oversight and governmental sanctuary. As of last Tuesday, the most powerful group of traders ever to operate under the watchful eye of the Working Group on Capital Market wiggled out of a massive 41,497-contract short position in silver on January 23, and arrived in full regalia this week short a mere 3,709 contracts. To provide some modicum of perspective, the Commercials were short a notional amount of silver that would correspond to 207,485,000 ounces worth $3.3 billion at the $16.20 per ounce benchmark on January 23, and are now short a notional 18,545,000 ounces worth a paltry $300,429,000.

Hi-Ho Silver!

If the latest COT report for silver gets any more bullish than the one released on March 23rd, commercial traders will have to go ‘net long!’ As it is, they reduced their ‘net short’ position to the lowest number in many years, down to just 4,000 contracts – barely 2% of the total open interest! This is bullish action! As recently as January 16th the number of ‘net short’ positions was 50,000, and the percentage of open interest was 26%.

Silver Speculators Go Short – Which Is Extremely Bullish

Friday’s commitment of traders (COT) report for gold and silver offered more of the same. Which is to say the gold futures action was boring and the silver action was strange and exciting. Starting with gold, the large speculators – who, remember, tend to be wrong at big turning points – got a little less optimistic, while commercials – who tend to be right at big turning points – did the opposite. But both groups are still in unfavorable territory, with the speculators too long and the commercials too short. Looked at in a vacuum this is not good short-term news for gold.

March 23: Gold and Silver Gain on the Week While Stocks Drop 6%

Gold climbed $21.90 to as high as $1350.20 by midmorning in New York before it chopped back lower at times, but it still ended with a gain of 1.31%. Silver jumped up to $16.664 and ended with a gain of 0.85%.

March 22: Gold and Silver Pare Yesterday’s Gains; Dow Drops 700+

Gold chopped between $1327.50 and $1333.80 in Asia before it fell to a new session low of $1324.80 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.38%. Silver slipped to as low as $16.35 and ended with a loss of 1.27%.

March 21: Gold and Silver Gain Roughly 2% After Fed

Gold saw decent gains in Asia and London and climbed $16.10 to as high as $1326.50 in late morning New York trade before it pared back to $1319.40 just after today’s fed statement was released, but it then rose to new session highs into the close and ended near its last-minute high of $1335.60 with a gain of 1.76%. Silver surged to as high as $16.636 and ended with a gain of 2.47%.

JPMorgan's Domination of COMEX Silver

So it's easy to conclude that this massive hoard of silver is not customer silver in storage nor is it held in custody as a part of the SLV. Instead, this is very likely JPM's own silver, against which JPM can issue contracts as an alleged hedge. Just as selling call options against a large equity position can yield an investor additional income, we believe JPM sells futures against this physical position. This allows them to manage price and consistently create profits for their commodity trading desk.

March 20: Gold and Silver Fall Before Fed Day

Gold fell $9.60 to $1307.20 at about 10:30AM EST before it climbed back higher into midday, but it still ended with a loss of 0.49%. Silver slipped to as low as $16.116 and ended with a loss of 0.80%.

March 19: Gold Gains While Stocks Drop

Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade and then drifted back lower into the close, but it still ended with a gain of 0.24%. Silver slipped to as low as $16.21 and ended unchanged on the day.

March 16: Gold and Silver Fall Roughly 1% on the Week

Gold gained $5.20 to $1321.70 in London before it fell back to $1309.70 at about 11AM EST, but it then chopped back higher into the close and ended with a loss of just 0.22%. Silver waffled between $16.496 and 16.207 and ended with a loss of 0.37%.

Market Report: Snoozing Into Spring

On Comex, silver remains in deeply oversold territory, while gold is broadly neutral. Silver appears to be following the base metals, which have been drifting lower, while the dollar continues its consolidation of earlier falls. Consequently, the gold/silver ratio is up at over 80, a level that historically has been too high to sustain, as the next chart shows.

March 15: Gold and Silver Fall Nearly 1%

Gold edged up to $1327.90 in Asia before it dropped back to $1315.00 in midafternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.66%. Silver slipped to as low as $16.366 and ended with a loss of 0.97%.

March 14: Gold and Silver Hold Steady While Stocks Drop Again

Gold gained $4.30 to $1330.10 in Asia before it fell back to $1321.60 in midmorning New York trade, but it then chopped back higher into the close and ended with a loss of just 0.045%. Silver sloshed between $16.654 and $16.501 and ended with a loss of 0.12%.

Are You Ready For The Next Rally In Silver?

In short, the three primary drivers of this rally will be continuing weakness in the U.S. dollar, generally rising commodity prices and the aforementioned Commitment of Traders structure that recently showed the Large Speculators in COMEX silver to be NET short for the first time in nearly 15 years. As you know by now, the COMEX silver "market" is very likely THE most manipulated in the world, given its relatively small size and the dominant, monopolistic positions held by a few major banks.

March 13: Gold and Silver Gain But Miners Struggle With Stocks

Gold fell $6.60 to $1317.10 in Asia before it jumped up to $1327.50 in early New York trade and then dropped back down to $1318.70 by a little after 10AM EST, but it then climbed to a new session high of $1328.30 in early afternoon trade and ended with a gain of 0.16%. Silver rose to as high as $16.652 and ended with a gain of 0.12%.

March 12: Gold and Silver Erase Early Losses To End Near Unchanged

Gold fell $9.10 to $1314.40 at about 8AM EST, but it then rallied back higher throughout most of trade in New York and ended with a gain of 0.015%. Silver slipped to as low as $16.438 and ended with a loss of 0.18%.

Silver Does it Again! Severe Consequences.

In the free analysis that we posted last Monday, we warned that Friday’s session was likely to be volatile and tricky. This seems to have indeed been the case for silver. The white metal declined early in the day only to rally almost 40 cents from the initial low. In our previous alert, we discussed the possibility of silver topping at about $16.65 and this level was reached. Is silver about to take a dive just like it did in late November 2017?

March 9: Gold and Silver Find Slight Gains on the Week

Gold fell $9.20 to $1312.90 at about 8:30AM EST before it rallied back to $1324.90 by midday and then drifted lower into the close, but it still ended with a gain of 0.11%. Silver chopped between $16.347 and $16.672 and ended with a gain of 0.61%.

March 8: Gold and Silver Chop Near Unchanged

Gold fell $6.10 to $1319.10 in late morning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.23%. Silver traded between $16.564 and $16.426 and ended unchanged on the day.

Santacruz Silver Reports Second Quarter 2014 Financial Results

"During the second quarter we have been successful in reducing our operating costs significantly while keeping on-track with our 2014 mine plan, in particular we have reduced our all-in sustaining cost per silver equivalent ounce sold by more than 28% from the first quarter of 2014,"

September 5: Gold and Silver Fall 1.44% on the Week

Gold jumped up to $1270.35 after the release of this morning’s jobs report before it drifted back lower in late morning trade, but it still ended with a gain of 0.47%. Silver spiked up to $19.163 before it dropped back to $19.04, but it then bounced back higher in afternoon trade and ended with a gain of 0.63%.

September 10: Gold and Silver End Slightly Lower

Gold fell $12.62 to as low as $1243.88 by early afternoon in New York before it bounced back higher into the close, but it still ended with a loss of 0.52%. Silver slipped to as low as $18.893 and ended with a loss of 0.58%.

September 12: Gold and Silver Fall About 3% on the Week

Gold waffled between $1232.25 and $1239.92 in Asia before it fell to as low as $1227.69 by early afternoon in New York, but it then bounced back higher in afternoon trade and ended with a loss of just 0.92%. Silver slipped to as low as $18.468 and ended with a loss of 0.32%.

September 22: Gold and Silver End Slightly Lower

Gold dropped $7.77 to $1209.83 in early Asian trade before it bounced back to $1217.10 in London and then fell back to $1212.34 by a little after 11AM EST, but it then jumped to a new session high of $1219.42 by early afternoon in New York and ended with a loss of just 0.19%. Silver slipped to $17.354 in early Asian trade before it climbed back to $17.863 in New York, but it still ended with a loss of 0.5%.

$0 Silver: The Price Point of Liberty

A few years ago when silver was approaching the magical $50 resistance point, I wrote an article claiming $50 silver as the Price Point of Liberty. Today I realize their are two price points of Liberty, $50 and somewhere before the price of silver reaches $0. Range limited, managed silver prices have been kept below $50 since 1980, regardless of inflation or the asymptotic decline in silver production and the drastic decline in production grams-per-ton and the exorbitant increase in national debt.

Fortuna Reports Production of 1.8 Million Ounces of Silver and 9,751 Ounces of Gold for Third Quarter 2014

Fortuna Silver Mines Inc. (FSM) (FVI.TO) (FVI) (F4S.F) today announces production figures from its two underground mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the third quarter of 2014, the company delivered 1.8 million ounces of silver, 9,751 ounces of gold plus base metal by-products. Year to date, the company has delivered 5 million ounces of silver and 26,420 ounces of gold. With current production results, silver and gold productions should exceed annual guidance by 9 percent and 8 percent respectively.

Silver price-fixing lawsuits consolidated in Manhattan federal court

Lawsuits filed by investors since July over the alleged price-fixing were consolidated on Tuesday in the U.S. District Court for the Southern District of New York, following an order issued last Thursday by the U.S. Judicial Panel on Multidistrict Litigation, a special body of federal judges that decides when and where to consolidate related lawsuits.

SilverCrest Announces Record Q3 Production 385,251 Ounces Silver and 7,085 Ounces Gold

SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC) (the "Company") is pleased to announce silver and gold production results for the third quarter ("Q3") of 2014 from its 100% owned Santa Elena Mine located in Sonora, Mexico. The Santa Elena Mine is in the process of finalizing the transition from an open pit heap leach to underground mining and milling operations.

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%.

Silver Market Morning

The gold price closed at $1,229 down $2.00 on Monday. Asia and London took it up to $1,230.30. The euro is stronger this morning at $1.2735. The Fix was set $1,229.25 up $0.50 and in the euro at €964.572 down €2.263, while the euro stood stronger at $1.2744. The volumes of gold traded were one seller selling 30,000 ounces and three buyers buying 50,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,228.80 and in the euro at €965.01.

Silver Market Morning

The gold price closed at $1,198.70 down $12.50 on Thursday. Asia and London took down to $1,174. The euro is weaker this morning at $1.2560 on the day. The Fix was set $1,173.25 down $32.50 and in the euro at €933.447 down €24.638, while the euro stood weaker at $1.2569. The volumes of gold traded were two sellers selling 58,000 ounces and one buyer buying 38,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,774.1 and in the euro at €933.64.

U.S. Mint temporarily sold out of Silver Eagles amid huge demand

The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following "tremendous" demand in the past several weeks.

November 6: Gold and Silver Gain With Stocks

Gold chopped around between $1142.22 and $1149.44 and ended with a gain of 0.1%. Silver rose to as high as $15.465 and ended with a gain of 1.11%.

SILVER SHORTAGE? What Does It Mean?

Mike Maloney clarifies the situation of US Mint Silver Eagle suspension in this must watch report. Hidden Secrets Of Money is a world-leading educational series that is sponsored by, and also based on the priciples of WealthCycles. It shows the evolution of gold and silver as money, and teaches the historical economic mistakes that all societies repeat.

First Majestic Reports Third Quarter Financial Results

The Company generated revenues of $40.8 million for the third quarter of 2014, a 39% decrease compared to the previous quarter primarily due to a temporary suspension of silver sales of approximately 934,000 silver ounces to maximize profit in response to a 19% decline in the price of silver during the quarter, and a 9% decrease in total production.

November 12: Gold and Silver End Slightly Lower

Gold bounced between $1161.42 and $1169.72 in London before it dropped down to $1157.45 in early afternoon New York trade and then edged back higher in late trade, but it still ended with a loss of 0.49%. Silver slipped to as low as $15.569 and ended with a loss of 0.45%.

Silver Market Morning

The gold price closed up at $1,161.80 up from $1,160.10 in New York on Thursday. London took it down to $1,153 ahead of the Fix. It was Fixed at $1,154 down $7.00 and in the euro at €926.312 down €4.5, while the euro stood stronger at $1.2458. The volumes of net gold traded were two sellers selling 22,000 ounces and two buyers buying 36,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,153.70 and in the euro at €926.18.

Excellon receives TSX OK for 5.2-million-share buyback

The company filed the NCIB program to allow for market purchases of the company's common shares. Pursuant to the terms of the NCIB program, Excellon shall be permitted to purchase common shares for cancellation through the facilities of the Toronto Stock Exchange at the prevailing market price of the common shares.

MASSIVE INDIAN SILVER IMPORTS: Setting Up For Another Big Record Year

With the paper price of silver now below the break-even for the majority of the primary silver mining companies, India imported a massive 1,243 metric tons of silver in October alone. What is quite interesting about this figure is that it comes in at one metric ton shy of the previous record set in May, 2011 at 1,244 mt.

Liberty Dollar founder avoids imprisonment in sentencing

We have it only through a reliable intermediary that Liberty Dollar founder Bernard von Not Haus, convicted rather strangely almost four years ago of counterfeiting for issuing silver coins worth more than the originals they were supposed to be imitating, received a lenient sentence today from Judge Richard Voorhees in U.S. District Court for the Western District of North Carolina -- six months of home confinement and three years of probation.

The Mother of all Bank Runs!

Do you remember seeing old pictures of the Great Depression which depicted "lines"? There were two types, bread lines and also lines to the front doors of banks. While we don't see any bread lines today, trust me, there are bread lines in every single state, and long ones at that. Nearly 50 million people in the U.S. survive on SNAP, EBT cards or whatever they are called in your state. Can you imagine the "confidence" it would instill if each day on your way to work you saw massive lines of people waiting for breakfast?

December 9: Gold and Silver Gain Over 2% and 4%

Gold climbed $29.19 to $1234.19 by late morning in New York before chopped back lower at times, but it still ended with a gain of 2.04%. Silver surged to as high as $17.205 and ended with a gain of 4.03%.

NEW UPDATE: Silver Eagle Sales Surpass 2013 Record At Nearly 43 Million

After the U.S. Mint updated its bullion figures on Monday, 2014 Silver Eagle sales reached a new annual record surpassing last years total by nearly 200,000. Not only was 2014 a banner year for world’s most sought after official coin, the Silver-Gold Eagle ratio also hit a new record high.

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 4% on the Week

Gold edged up to $1227.25 at about 5AM EST before it dropped back to $1216.39 over the next five hours of trade, but it then bounced back higher in late morning New York trade and ended with a loss of just 0.25%. Silver rose to as high as $17.205 before it also fell back off, but it ended with a loss of just 0.24%.

Silver gets blown out

iShares Silver Trust

The iShares Silver Trust is not a standard ETF. The Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. Before making an investment decision, you should carefully consider the risk factors and other information included in the prospectus.

South American Silver Files First Quarter 2012 Financial Statements and MD&A and Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire -05/14/12)- South American Silver Corp. (SAC.TO)(SOHAF.PK) reports the release of its unaudited condensed interim consolidated financial statements for the three months ended March 31, 2012 and the related management's discussion and analysis of financial position and results of operations ("MD&A"). The Company is also pleased to provide an update on the Malku Khota silver-indium project in Bolivia and the Escalones copper-gold project in Chile. In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.

Backwardation in Gold And Silver

On Monday, May 14, something happened that hasn’t happened since Dec of 2008. Two successive near-month precious metals futures contracts were in backwardation at the same time. To oversimplify, backwardation is when the price of a futures contract is lower than the price in the spot market.

May 21: Gold and Silver End Mixed

Gold fell $6.40 to $1585.00 at about 9:30AM EST, but it then chopped back higher midday and ended with a gain of 0.16%. Silver slipped to as low as $28.076 before it also bounced back higher, but it still ended with a loss of 0.56%.

Silver Market Morning

New York closed higher at $1,559.50 and in London’s early morning rose to $1,563.55. The euro was slightly stronger in London at €1: $1.2582. It Fixed at $1,560.50 and in the euro at €1,240.658. Ahead of New York’s opening gold stood at $1,560.32 and in the euro, €1,240.26 while the euro was at €1: $1.2582.

Silver Market Morning

Gold closed against the flow of the euro, in New York at $1,564.80 and in London’s early morning fell to $1,560. The euro stood at €1: $1.2397 another 75 cents lower than yesterday. It continued to fall in London. Gold Fixed at $1,567.50 up $19 and in the euro at €1,262.077 up €17. Ahead of New York’s opening gold stood at $1,566 and in the euro, €1,261.89 while the euro was at €1: $1.2410.

Perception and Propaganda

Today, we are experiencing a MAJOR inflection point in TPTB’s attempts to influence PERCEPTION with MONEY PRINTING and PROPAGANDA. This weekend’s impromptu “Spanish Bailout” was botched as badly as Facebook’s IPO, by the supposedly “top financial officials” of Europe. The “bailout” is nothing of the sort – simply €100 billion of PRINTED MONEY LOANS to insolvent Spanish banks, making them even more indebted as the Spanish economy collapses. Better yet, the money is supposed to come from the ESM – or European Stability Mechanism – which hasn’t yet been ratified by Germany!

A Blueprint to Kill JP Morgan’s Alleged Massive Manipulative Position in the Silver Futures Market

Our mission at SmartKnowledgeU, besides helping our clients to protect and grow their wealth in the face of the criminality of the global banking cartel, has always been, since day one, to also be a spark to reinstate a sound, gold-based monetary system. Bankers have released so much propaganda and deceit regarding the inability of our current fraudulent monetary system to return to a gold-based monetary system that I have written two books to be released this month and next that refutes the banker-created drivel and propaganda regarding the inapplicability of a gold-based system.

Silver Market Morning

Gold closed in New York at $1,626.20. The Fixing in London today was set at $1,623.5. In the euro it was set at €1,284.516. The changes since Friday have been slight, meaning the Greek election results have had little impact. Ahead of New York’s opening gold stood at $1,624.12 and in the euro, €1,283.30 while the euro was at €1: $1.2651.

Silver Market Morning

Gold closed in New York at $1,627.40. The Fixing in London today was set at $1,628.50. In the euro it was set at €1,291.743. Ahead of New York’s opening gold stood at $1,631.00 and in the euro, €1,293.73 while the euro was at €1: $1.2607.

Chink in the Armor

Today, the European contagion returned, as “official efforts” to juice markets – and thus, convince investors the Greek elections and FOMC dispatch were “bullish” – have FAILED. European markets imploded and the Dow fell 136 points, while gold, silver, and the HUI rose. This week’s “European summit” CANNOT and WILL NOT produce anything remotely constructive, with several nations – particularly, Spain and Italy – requesting bailouts despite no ratified mechanism – such as the European Stability Mechanism, which Germany has yet to approve. For the fifth time this year, PMs have risen while the Dow materially declined, demonstrating a major “chink in the armor” of TPTB, whom are desperate for investors to believe PMs are not safe havens. Which of course they are, as they have been for five millenia!

COMEX Silver Inventory Update: +599,997.06 ounces

COMEX Silver Inventory Update: +599,997.06 ounces

Silver Market Morning

Gold closed in New York at $1,604.40 down $18.4. A quiet London pulled it back to $1,599.40 ahead of the a.m. Fixing. The morning Fix today was set at $1,591.75 and in the euro at €1,285.535, while the euro stood at €1: $1.2382 down over one cent. The euro stood at €1: $1.2378 after the Fix. Ahead of New York’s opening gold stood at $1,593.00 in the middle and in the euro at €1,286.96.

Silver Market Morning

Gold closed in New York at $1,589.50 yesterday. Asia took it higher to $1,594ahead of London’s opening. London’s morning Fix today was set at $1,595.00 up $11 and in the euro at €1,296.853, while the euro stood at €1: $1.2299 up a cent on the dollar. Ahead of New York’s opening gold stood at $1,594.75 in the middle and in the euro at €1,297.39.

Silver is looking over the edge...

Silver is looking over the edge of what looks like the "Grand Canyon" on the 1 year daily chart, see right hand side below. I have highlighted the past three month price action on the daily chart, see left hand side below. In the near term these trendlines in the recent price action are key reference areas for me.

SilverCrest Announces Q2 Production 139,850 Ounces Silver & 8,584 Ounces Gold

“Operations at the Santa Elena mine enjoyed a robust second quarter with silver and gold production comfortably in line with our 2012 production guidance. This is the third consecutive quarter that we have operated at full, planned production rates. The crusher throughput averaged approximately 3,494 tonnes per day for Q2, 2012, compared to a plan of 2,500 tonnes per day. The open pit tonnes and grades continue to track closely with our geological block models and open pit mine plan. Cash costs for the quarter are anticipated to be consistent with our guidance of $8.20 per silver equivalent ounce. As a result of the strong first half of the year and projected production for the second half, the Company anticipates meeting or exceeding its 2012 production guidance of 435,000 ounces of silver and 33,500 ounces of gold”.

July 23: Gold and Silver End Modestly Lower

Gold fell to as low as $1563.41 by about 8:45AM EST, but it then rallied back higher throughout the rest of the morning in New York and ended near its noontime high of $1580.30 with a loss of just 0.42%. Silver slumped to as low as $26.671 before it also rallied back higher and ended with a loss of just 1.14%.

Silver Market Morning

Gold closed in New York at $1,582.30 yesterday. London opened higher rising to Fix at $1,587.50 $14 higher as the euro recovered back over 1: €$1.21. In the euro it was Fixed at €1,309.386 up €9 on yesterday morning, while the euro stood at €1: $1.2124 up 30 cents. Ahead of New York’s opening gold stood at $1,592.35 in the middle and in the euro at €1,310.63.

COMEX Silver Inventory Update: -66,421.358 ounces

COMEX Silver Inventory Update: -66,421.358 ounces

August 10: Gold and Silver Gain Over 1% on the Week

Gold fell $12 to $1605.70 in Asia, but it then rallied to as high as $1625.87 in New York and ended with a gain of 0.17%. Silver slipped to $27.613 in early New York trade before it surged back to $28.32, but it then drifted back lower in afternoon trade and ended with a loss of 0.4%.

August 24: Gold and Silver Gain Over 3% and 9% on the Week

Gold dropped $5.45 to $1662.55 in Asia, but it then rose to as high as $1673.36 in New York and ended with a gain of 0.05%. Silver climbed to as high as $30.712 and ended with a gain of 0.52%.

August 27: Gold and Silver End Near Unchanged

Gold climbed up to $1676.74 in Asia, but it then fell back off in London and New York and ended with a loss of 0.35%. Silver surged to as high as $31.241 in Asia before it also fell back off, but it still ended with a gain of 0.03%.