Gold: $2244.92 44.43
Silver: $25.17 0.39
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Category Archives: Silver.com News

May 2nd Weekly Silver Market Update

Posted on May 02, 2014 by Kyle Wanchalk in Silver.com News

Gold and silver are trading sharply higher as of the mid-afternoon on Friday, despite a number of factors seemingly working against them. This long week of economic data was finally rounded off by today’s April employment figures, which came back better than expected. In addition to the boatload of US economic data we received this…

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April 30th Mid-Week Market Update

Posted on April 30, 2014 by Matt Zeman in Silver.com News

Silver and gold prices are both under some pressure here this morning as traders and investors await this afternoon’s FOMC decision on monetary policy. This will be a very busy day for the precious metals and investors, as a large amount of data is being released in addition to the FOMC announcement this afternoon. This…

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April 25th Weekly Silver Market Update

Posted on April 25, 2014 by Kyle Wanchalk in Silver.com News

Gold and silver are both trading sharply higher to start the day on Friday, mostly fueled by safe-haven demand heading into what is looking more and more like an important weekend for the crisis in Ukraine. There were few pieces of US economic data due out this week and what little data the marketplace caught…

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April 23rd Mid-Week Market Update

Posted on April 23, 2014 by Matt Zeman in Silver.com News

Silver prices are moving slightly higher in quiet trade here at the mid-week point. This has been a relatively subdued week thus far following the Easter Holiday, and many appear to be on spring break or vacation. Although stocks are trading slightly lower here this morning, the equities markets have continued their winning ways of…

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April 18th Weekly Silver Market Update

Posted on April 18, 2014 by Kyle Wanchalk in Silver.com News

Most investors are taking the day off on Friday in recognition of Easter weekend. As a result of the reduced investor presence, gold and silver have not really budged from yesterday’s closing values. Despite the marketplace being quieter today, there is still plenty for investors to mull over, most notably the crisis in Ukraine. Ukraine…

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April 16th Mid-Week Market Update

Posted on April 16, 2014 by Matt Zeman in Silver.com News

Silver prices are trading slightly higher as oil prices are flat and stocks move higher today. The silver market is trying to stop the bleeding today following some decent selling pressure yesterday. The selling in precious metals yesterday seemed to be a bit baffling to many-and many different explanations were being made including stop running,…

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April 11th Weekly Silver Market Update

Posted on April 11, 2014 by Kyle Wanchalk in Silver.com News

Gold and silver are trading marginally lower on Friday but are going to finish the week having posted some decent gains. Currently, silver is hovering just above $20/ounce while gold is safely above the $1,300 threshold. It will be interesting to see if metals can hang on to these gains over the weekend or if…

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April 9th Mid-Week Market Update

Posted on April 09, 2014 by Matt Zeman in Silver.com News

Silver prices are under some decent selling pressure here mid-week as stocks continue to try and stabilize following some recent losses. The silver market remains in a downtrend on the daily charts. This week is a bit slower in the economic data front, however, there are some reports worth noting. Perhaps the most important release…

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April 4th Weekly Silver Market Update

Posted on April 04, 2014 by Kyle Wanchalk in Silver.com News

For the first time in more than a week, spot gold and silver are both trading sharply higher. The lack of bullish news for metals had been weighing on spot values for the past week or more, but a weaker than anticipated jobs report for March coupled with depressed prices fueled some demand for metals….

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April 2nd Mid-Week Market Update

Posted on April 02, 2014 by Matt Zeman in Silver.com News

Silver prices are moving higher this morning along with gold as the metal reclaims the psychologically important $20 level. The metals appear to be moving higher on some short-covering and bargain hunting after recent losses. This morning, the ADP employment report showed an increase of 191,000 jobs. Consensus estimates were looking for a gain of…

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March 28th Weekly Silver Market Update

Posted on March 28, 2014 by Kyle Wanchalk in Silver.com News

Gold and silver spent most of the week on the decline, but ended up stabilizing a bit by Friday afternoon. All told, spot gold has fallen nearly $100 in a little less than 2 weeks while silver has declined by more than a dollar over the same course of time. The general lack of new…

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March 26th Mid-Week Market Update

Posted on March 26, 2014 by Matt Zeman in Silver.com News

Silver prices are trading close to the flat line on Wednesday morning as stocks move higher again today, the dollar trades up and gold trades slightly lower. This is a fairly light week data-wise here in the US, and markets are focused on multiple other issues such as Ukraine and the potential for further slowing…

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March 19th Mid-Week Market Update

Posted on March 19, 2014 by Matt Zeman in Silver.com News

The price action seen in silver recently has been what some may describe as “dull.” The metal has thus far not been able to take out overhead resistance in the $22 area even with geopolitical tensions continuing to mount. The gold and silver bulls are looking a bit tired here-and the fact that the metals…

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March 14th Weekly Silver Market Update

Posted on March 14, 2014 by Kyle Wanchalk in Silver.com News

Safe-haven demand is pushing spot gold and silver further up in value this morning, making this week one of the most profitable for both metals thus far in 2014. The attention of the investing world remains fixated on both the economic downturn of China as well as the ongoing crisis in Ukraine. A referendum which…

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March 12th Mid-Week Market Update

Posted on March 12, 2014 by Matt Zeman in Silver.com News

Silver prices are moving moderately higher on Wednesday in somewhat quiet trade. The overall geopolitical landscape continues to influence gold and silver, and will likely remain the center of attention for investors for the foreseeable future. Silver is somewhat torn, however, between signs of economic weakness coming out of China and its status as a…

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March 7th Weekly Silver Market Update

Posted on March 07, 2014 by Kyle Wanchalk in Silver.com News

When this final day of the week began, spot gold and silver looked like they were going to finish this 5-day session posting some solid gains. Shortly thereafter, however, the non-farm payrolls data for February was released and for the first time in about three months bested market expectations. This added more fuel to the…

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March 5th Mid-Week Market Update

Posted on March 05, 2014 by Matt Zeman in Silver.com News

Silver prices are not doing much of anything today as stocks also trade flat and oil moves slightly lower. The dollar index is flat as well. The situation in Ukraine continues to dominate the headlines. Stocks made new all time highs yesterday as tensions in the region appeared to ease quite a bit. This situation…

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February 28th Weekly Silver Market Update

Posted on February 28, 2014 by Kyle Wanchalk in Silver.com News

Gold and silver are trading lower on Friday and are currently slightly lower than where they both began the week. Significantly better performing US stocks are putting a lot of pressure on gold and silver, compounded by the fact that buying interest in Asia has dropped off significantly due to a decreased valuation of the…

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February 26th Mid-Week Market Update

Posted on February 26, 2014 by Matt Zeman in Silver.com News

Silver prices are under some moderate pressure this morning as stronger stocks and a sharply higher dollar index take their toll. The metal may not fall too far, however, as geopolitical concerns remain on investors’ minds. The situation in Ukraine continues to unfold. In the news today is the fact that Russian President Vladimir Putin…

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February 19th Mid-Week Market Update

Posted on February 19, 2014 by Matt Zeman in Silver.com News

Silver prices are slightly lower this morning and not doing much of anything as stocks rise, crude oil prices rise, the dollar trades flat and the FOMC minutes are on tap for later this afternoon. Due to this being a President’s Holiday shortened week, a large amount of data will be packed into the next…

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February 14th Weekly Silver Market Update

Posted on February 14, 2014 by Kyle Wanchalk in Silver.com News

Gold and silver have had their most impressive 5-day session of the last few months this week. Not only did gold approach and subsequently cross over the $1,300 threshold, it is on the verge of surpassing the $1,325 mark as well. Silver performed in much the same way as gold, picking up well over a…

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February 12th Mid-Week Market Update

Posted on February 12, 2014 by Matt Zeman in Silver.com News

Silver prices are trading higher today as the metal has once again reclaimed the $20 level. The question is-will silver prices be able to stage a rally that could potentially take silver out of its recent trading range? The mid-January high of $20.67 must be clearly taken out to the upside for the bulls to…

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February 7th Weekly Silver Market Update

Posted on February 07, 2014 by Kyle Wanchalk in Silver.com News

Gold and silver fared well this week after gold posted its first 5-day loss in over a month 7 days ago. The most heavily anticipated piece of US economic data of the week came today in the form of the employment report for January. Though this did help precious metals’ prospects, a small rally by…

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February 5th Mid-Week Market Update

Posted on February 05, 2014 by Matt Zeman in Silver.com News

Both silver and gold prices are moving higher this morning as nervous investors continue to put money to work outside of the stock market and some technical buyers enter the market. Earlier this morning, investors got to digest the latest ADP employment report. The report came in close to consensus estimates but still appears to…

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January 31st Weekly Silver Market Update

Posted on January 31, 2014 by Kyle Wanchalk in Silver.com News

Gold posted a weekly loss for the first time in a month and a half as both gold and silver ended the week in disappointing fashion. In all, the last 5 days have been considerably turbulent not only for precious metals investors but all investors in general. On Wednesday it was announced that the FOMC…

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