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

October 25th Weekly Silver Market Update

Posted on October 25, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver had positive weeks this week, though they did not move too much in one direction or another. Gold made gains of about $40 earlier in the week, but since then the yellow metal has remained essentially stagnant. As of now, the world marketplace has a lot of data and news stories to…

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October 23rd Mid-Week Market Update

Posted on October 23, 2013 by Matt Zeman in Silver.com News

The silver market is relatively quiet today in early trade as investors digest recent gains in the metal and await further inputs. Following the recent upside in silver prices, a corrective pullback should come as no surprise. Silver has a number of bullish factors working in its favor currently. Let’s begin with yesterday’s disappointing non-farm…

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October 18th Weekly Silver Market Update

Posted on October 18, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver made substantial gains this week thanks to Congress finally drafting deals on both the debt ceiling and the budget. On Wednesday, just one day before the debt ceiling was set to be reached, both Democratic and Republican sides of Congress came together and drafted a budget and were able to agree on…

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October 16th Mid-Week Market Update

Posted on October 16, 2013 by Matt Zeman in Silver.com News

Silver prices continue to not show any meaningful reaction to the ongoing U.S. Government shutdown and looming debt ceiling. Political leaders are taking the issue right down to the wire, but thus far we have not seen panic set into global financial markets. Investors appear to be continuing to operate under the assumption that a…

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October 11th Weekly Silver Market Update

Posted on October 11, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver have both lost a good bit of value this week as the main headline all week long was the ongoing government shutdown. Now in its 11th day, the partial government shutdown is showing no signs that it will be concluded any time soon. Both Democrat and Republicans have dug their heels in,…

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October 9th Mid-Week Market Update

Posted on October 09, 2013 by Matt Zeman in Silver.com News

Silver prices are lower this morning as it appears that lawmakers could be getting closer to an agreement that would end the partial U.S. Government shutdown. While no real action has yet been taken, some of the tone we are hearing appears to be a little more positive. The shutdown is now in its 9th…

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October 4th Weekly Silver Market Update

Posted on October 04, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver took some hefty hits this week, thanks to a government shutdown which started on Tuesday and is still going on today. With the US government unable to figure out the budget for this governmental year, there is no saying when the shutdown will cease. For those of you that are unaware, the…

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October 2nd Mid-Week Market Update

Posted on October 02, 2013 by Matt Zeman in Silver.com News

Silver prices are seeing a little bit of upside today as a disappointing ADP jobs number and the U.S. government shutdown weight on investor sentiment and boost the appeal of perceived safe-haven assets. Let’s start with the ADP data. The private sector jobs data released this morning was a let down as according to ADP…

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September 27th Weekly Silver Market Update

Posted on September 27, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver moved back and forth for a majority of the week, finishing fairly close to where both metals started the week at. There was not much economic news to talk about, and for a large majority of the week investors focused in on the FOMC’s inaction a week ago. Additionally, a few members…

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September 25th Mid-Week Silver Update

Posted on September 25, 2013 by Matt Zeman in Silver.com News

Silver prices are trading moderately higher this morning as weaker stocks and a weaker dollar give the precious metals complex a little boost. In addition, short covering and some bargain buyers are also giving silver prices a lift early on. Asa of this post, the markets have gotten the latest reading on durable goods orders…

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September 18th Mid-Week Market Update

Posted on September 18, 2013 by Matt Zeman in Silver.com News

Silver prices have basically been treading water this week until about five minutes ago when the latest  Fed decision was released. To the market’s surprise, the Fed has elected NOT to taper-at least for now. By a vote of 9-1 the Fed has decided to continue its $85 billion per month bond purchases. This move…

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September 13th Weekly Silver Market Update

Posted on September 13, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver have suffered a sub-par week thanks to a few different factors. On the slate for this week was a continued analysis of the ongoing tensions in Syria as well as some economic data out of both China and the United States. As we look forward to next week, the main thing on…

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September 11th Mid-Week Market Update

Posted on September 11, 2013 by Matt Zeman in Silver.com News

Silver started the week off on the wrong foot and thus far has not looked back. The precious metals markets have been watching developments regarding the Syrian crises very closely, along with crude oil and other markets. Recent developments including a Russia plan to obtain Syria’s chemical weapons arsenal have greatly diminished the chances of…

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September 4th Mid-Week Market Update

Posted on September 04, 2013 by Matt Zeman in Silver.com News

After posting solid gains during yesterday’s session, the silver market is sharply lower this morning and is thus far giving back the majority of yesterday’s gains. Prior to yesterday, silver prices had been retreating a bit after testing and failing at their 200 day EMA at the $25 level. This is not unusual for a…

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August 30th Weekly Silver Market Update

Posted on August 30, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver started the week continuing their extended upswing, though as the week has worn on both metals have lost a good bit of the value they gained over the past few weeks. The main piece of news on every investor’s mind this week was the possible increase of violence in the Middle East…

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August 28th Mid-Week Market Update

Posted on August 28, 2013 by Matt Zeman in Silver.com News

Well what a week or so it has been for silver prices! Silver has covered a lot of ground to the upside in a short period of time, and although we expect more upside we would not be at all surprised to see the market take a breather at some point in the very near…

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August 23rd Weekly Silver Market Update

Posted on August 23, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver ended up having a pretty good week when all was said and done, thanks, in large part, to a fairly drastic upswing on Friday. As gold edges toward the $1,400 threshold and silver moves closer to a $24 spot value, the world marketplace is seeing an increase in people buying gold and…

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August 21st Mid-Week Silver Update

Posted on August 21, 2013 by Matt Zeman in Silver.com News

Silver prices have put in a wonderful performance over the last week and a half. After finally staging an upside breakout out of its trading range, the silver market has not looked back. Although the market has been drifting slightly lower for the first part of this week, we suspect this may just be a…

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August 14th Mid-Week Silver Update

Posted on August 14, 2013 by Matt Zeman in Silver.com News

Silver prices look strong…There is not a whole lot more to say. After having a nice showing in last week’s price action, silver prices picked up this week right where they left off last week. Perhaps most notably is the fact that the price of silver opened higher Sunday night and has not looked back…

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August 9th Weekly Silver Market Update

Posted on August 09, 2013 by Kyle Wanchalk in Silver.com News

Spot values of gold and silver have been up and down all week, and while the first three days made investors think that it would be a week of losses, the last two have helped metals salvage the week. All in all it seems as though gold and silver are going to end the trading…

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August 7th Mid-Week Silver Update

Posted on August 07, 2013 by Matt Zeman in Silver.com News

The price action in silver thus far this week has been relatively subdued. This could be for multiple reasons including the time of year, lack of clarity on Fed policy, and investors taking a wait and see approach regarding the metal’s recent trading range. The silver market did not get any help from the Fed…

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August 2nd Weekly Silver Market Update

Posted on August 02, 2013 by Kyle Wanchalk in Silver.com News

The end of July and beginning of August brought with it a ping-pong style 5 day chart. Prices would rise, and then, just as quickly, fall right back down. The two major news stories investors were looking forward to hearing this week both occurred on Friday and both took place in the United States. It…

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July 31st Mid-Week Silver Update

Posted on July 31, 2013 by Matt Zeman in Silver.com News

All things being equal, it has been a very quiet week for silver prices. The silver market continues to trade in a tight range on the daily charts still looking for the catalyst that will cause either an upside breakout or a downside breakdown. The market seems very comfortable in the $19-$20 area but obviously…

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July 26th Weekly Silver Market Update

Posted on July 26, 2013 by Kyle Wanchalk in Silver.com News

Gold and silver were fairly quiet in this week of trading as there were few economic news stories to hang our hats on. The first day of the week saw the world marketplace digest the things Ben Bernanke had to say in his speeches over a week ago. Despite him speaking during the middle of…

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July 24th Mid-Week Silver Update

Posted on July 24, 2013 by Matt Zeman in Silver.com News

Silver prices are flat today in thus far quiet trade. Both silver and gold have seen some recent gains as shorts get squeezed out of the market and fresh buyers come into the market. Thus far, silver looks to be lagging gold a bit, although we suspect that could change in the very near future….

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