Gold: $1,247.18 -2.70
Silver: $17.83 0.16

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, […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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, […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

February 1st Weekly Silver Market Update

Posted on February 01, 2013 in News

Gold and silver both had dramatic highs and lows this week, with peaks coming on Tuesday and Wednesday followed by a major sell-off on Thursday. The Fed’s meeting this week along with a booming stock market were two of the main factors affecting both silver and gold’s performance this week. Fed Bond Buying to Continue […]

Read More

January 25th Weekly Silver Market Update

Posted on January 25, 2013 in News

On a short week, silver and gold had a bit of a wild ride, with both metals slipping overall over the four days of trading. Currency movements as well as S&P trading had a lot to do with commodity price movements, all of which will be discussed below. Stagnant and Slow With Martin Luther King […]

Read More

US Mint Sells Out of 2013 American Silver Eagles

Posted on January 18, 2013 in News

After experiencing record demand over the first week of 2013 sales, the US Mint has stopped taking orders for 2013 American Silver Eagles, as they simply do not have the inventory. Opening day sales on January 7th totaled nearly 4 million coins, which was a single day sales record for the American Silver Eagle. Thus […]

Read More

January 18th Weekly Silver Market Update

Posted on January 18, 2013 in News

Both gold and silver had strong weeks, as physical supply issues as well as positive economic news drove both metals significantly higher. After last week’s relatively stagnant market, we finally had some news come out to drive some action in the precious metals spot markets. Below we’ll recap each day’s trading and explain what drove […]

Read More

January 11th Weekly Silver Market Update

Posted on January 11, 2013 in News

Silver and gold experienced a bit of an up and down week, with the end result being rather flat overall. After last week’s Fed minutes hinted at reduced or no quantitative easing in late 2013, metals started out a bit shaky, falling $0.25 and $1.60 during Monday’s trading. The downward pressure was also aided by […]

Read More

January 4th Weekly Silver Market Update

Posted on January 05, 2013 in News

Precious metals experienced quite a wild week, with the fiscal cliff driving most of the action. Late on New Years Day, legislators passed a bill to extend certain tax cuts and heighten the debt ceiling, largely averting the fiscal cliff’s ramifications for the time being. As a result of this resolution, both stocks and precious […]

Read More