Gold: $1,271.73 0.04
Silver: $16.56 0.03

May 10th Weekly Silver Market Update

Posted on May 10, 2013

Gold and silver both had off weeks this week as the first full week of May brought with mainly news that was of no use for metals. Poor economic data out of China, immediately following a day of surging stock prices confused most investors as a slew of other nations around the world lowered interest […]

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May 8th Mid-Week Silver Update

Posted on May 08, 2013 in News

When it comes to silver this week, well, there frankly is not much to report. The silver market continues to trade sideways for all practical purposes and until we see a definitive breakout one way or the other it is hard to tell which way prices may be headed from here. In addition, there is […]

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May 3rd Weekly Silver Market Update

Posted on May 03, 2013

Last week we saw both gold and silver rebound a bit from their massive collapses a few weeks ago. This week was a bit of a different story but the ending numbers are not going to leave investors too disappointed. For the first time in a while both gold and silver had decent consecutive weeks. […]

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May 1st Mid-Week Silver Update

Posted on May 01, 2013 in News

Today was all about the FOMC. The announcement however, turned out to be somewhat of a non-event. The fed essentially came out and did what everyone expected them to do. They intend to continue their current path on interest rates and they plan on continuing their bond buying program. There were some notable language changes […]

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April 26th Weekly Silver Market Update

Posted on April 26, 2013 in News

For the first time in a few weeks gold and silver both ended on Friday in a better position than where they had started on Monday. Low prices have driven demand to the point where it has no choice but to propel gold and silver forward. Additionally, there is rumblings about a US Dollar that […]

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April 24th Mid-Week Silver Update

Posted on April 24, 2013 in News

Precious metals are trading higher today. Spot silver was last quoted at $23.02. The metals markets continue to be the subject of discussion as they continue to try to “shake off” the selling that has hit them so hard in recent weeks. Silver appears to be building a base around the $23 level. Thus far, […]

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April 19th Weekly Silver Market Update

Posted on April 20, 2013 in News

Last week was a¬†tumultuous one for silver and gold, and while many thought that it could only get better, the start of this week proved otherwise. Right off the bat gold experienced heavy losses and silver was following a proportionally similar path. Cyprus’ Central Banks selling of a majority of their gold holdings prompted investors […]

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April 17th Mid-Week Silver Update

Posted on April 17, 2013 in News

Well it has certainly been an interesting few days in the precious metals markets. And to think, just last week silver was trading around the $28.00 mark. The precious metals have seen a drop of impressive magnitude, and it is unclear yet if the bloodshed is over. This drop in prices represents a massive long […]

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April 12th Weekly Silver Market Update

Posted on April 12, 2013 in News

While many though a positive end to last week would carry over into this week, those people could not have been more wrong. While gold and silver both floated in roughly the same position for the majority of the week, Friday spelled doom for precious metals. Despite an atmosphere that would seemingly be perfect for […]

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April 10th Mid-Week Silver Update

Posted on April 10, 2013 in News

Silver prices were lower during Wednesday trade. Minutes from the March FOMC meeting were released early on Wednesday due to some technical glitch. The initial reaction to the minutes was bearish although silver did spend much of the day moving sideways and the metal did not seem to suffer the same degree of selling that […]

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April 5th Weekly Silver Market Update

Posted on April 05, 2013 in News

The first few days of April played an elongated April Fools joke on precious metals investors as both silver and gold took heavy losses. Our attention was fixated on various parts of Asia, but mainly on escalating tensions on the Korean peninsula. Finally, unemployment rates in the US went up for the first time in […]

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April 3rd Mid-Week Silver Update

Posted on April 03, 2013 in News

Silver prices were lower again in today’s session. In fact, many things were sharply lower today including gold, silver, oil, and stocks. Silver, in other words, did not get any help from outside markets today.One could argue that there are several factors that are currently contributing to the decline in silver. Regardless of the reasons, […]

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March 29th Weekly Silver Market Update

Posted on March 29, 2013 in News

This week saw gold and silver start off fairly strong but quickly revert back to old ways as both gold and silver have done anything but impress lately. The ongoing banking situation in Cyprus finally came to a conclusion as banks opened again towards the end of the week. US traders and investors cannot seem […]

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March 27th Mid-Week Silver Update

Posted on March 27, 2013 in News

Silver and gold were both trading higher during today’s session as fresh worries coming out of Europe stoked demand for safe-haven assets. As if the banking situation in Cyprus was not enough to worry about, news coming out of Italy today indicates that the stalemate in forming a new government is far from over. The […]

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March 22nd Weekly Silver Market Update

Posted on March 22, 2013 in News

The main news on every investors mind this whole week was the ongoing bailout situation going on in Cyprus. Ever since last weekend, European investors as well as those who have funds in Cypriot bank accounts have had their eyes fixed on the small island nation. In addition to this, the Federal Reserve Open Market […]

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March 20th Mid-Week Silver Update

Posted on March 20, 2013 in News

For all the hype surrounding current events in Cyprus and the FOMC announcement today, silver prices sure did not feel like doing much. As a matter of fact, silver and gold spent the majority of today’s session moving sideways. Silver futures for May delivery stayed in roughly a nickel range ($28.75-28.80) for much of the […]

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March 15th Weekly Silver Market Update

Posted on March 16, 2013 in News

Silver and gold both had slow weeks yet again this week, with silver getting the shorter end of the stick. Regardless, both metals did not fall by alarming numbers or by alarming rates. A majority of the news this week was concentrated in the United States, with some residual market-relevant data stemming from Europe’s ongoing […]

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March 13th Mid-Week Silver Market Update

Posted on March 13, 2013 in News

The precious metals are seeing some pressure again today. After seeing some price action slightly in the green earlier in the session, silver and gold came under pressure as the U.S. Dollar index strengthened while the Euro currency fell below the key 1.30 mark. Silver, like gold, has remained relatively range bound in recent sessions […]

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March 8th Weekly Silver Market Update

Posted on March 08, 2013 in News

Silver and gold both saw relatively stagnant weeks this week as there were few outside forces strong enough to push the metals one direction or another. The Dow Jones in the US hit an all-time high midweek which led to a decreased interest in metals and an increased attentiveness to riskier investments. While it wasn’t […]

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March 6th Mid-Week Silver Market Update

Posted on March 06, 2013

Silver is moving higher this morning. Although the precious metals started today’s session off on the flat side, metals are now beginning to catch a bit of a bid, as silver futures for May delivery are currently trading up about $.39 at $28.99. The precious metals complex has been under intense pressure lately as technical […]

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March 1st Weekly Silver Market Update

Posted on March 02, 2013 in News

What started out as a great week for precious metals quickly turned into another nightmarish 5 days. While the Federal Reserve chairman’s speech to Congress was supposed to boost precious metals, it ended up having little to no affect on them. The Italian election, which many had also thought would be beneficial for precious metals, […]

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February 27th Mid-Week Silver Update

Posted on February 27, 2013 in News

Silver is trading slightly lower this morning as the market is taking a pause following two solid days of gains. Silver futures for March delivery are currently trading at $29.16 down $.10 on the session. Precious metals prices have been boosted lately not only by bargain hunting but also very likely by a strong short-covering […]

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February 22nd Weekly Silver Market Update

Posted on February 22, 2013 in News

Unless you have been under a rock for the past five days you are likely aware that precious metals have taken significant dives. Bad economic news, coupled with last Friday’s huge hit was enough to drive gold and silver to low points that they have not seen for almost a full calendar year. FOMC Shocker […]

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February 15th Weekly Silver Market Update

Posted on February 15, 2013 in News

A week that looked like it was going to be a relative non-factor for both gold and silver quickly turned into a nightmare that very few people anticipated. The fact that the Chinese were off all week celebrating their New Year did little to help precious metals’ fortunes as demand was highly diminished. Stagnant Early […]

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February 8th Weekly Silver Market Update

Posted on February 08, 2013 in News

The week of February 8th was fairly disappointing for both gold and silver as both metals ended the week worse off than they started it. News out of the European Central Bank did a good job at moving the euro but in the end this did little to alter the fate of precious metals as […]

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