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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…