• Gold: 1,339.23 -0.79
  • Silver: 14.83 -0.01
  • Euro: 1.122 0.001
  • USDX: 97.558 0.072
  • Oil: 52.1 -0.47

I Stand By $140 Silver In 2012

Silver Sales Up As Supply Slips

When Will Silver Reach a New High?

April 30: Gold and Silver Fall Roughly 1%

Gold fell $13.40 to $1310.20 at about 10AM EST, but it then rallied back higher into the close and ended with a loss of just 0.67%. Silver slipped to as low as $16.198 and ended with a loss of 1.27%.

May 1: Gold and Silver Fall Before Fed Day

Gold dropped $12.80 to $1301.90 in late morning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.73%. Silver slipped to as low as $16.052 and ended with a loss of 0.86%.

May 2: Gold Ends Slightly Lower While Silver Rises Over 1%

Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York trade and then jumped up to $1313.20 after the release of today’s fed statement, but it then sold back off into the close and ended with a loss of 0.05%. Silver rose to as high as $16.511 and ended with a gain of 1.24%.

May 3: Gold and Silver Gain Before Jobs Day

Gold gained $13.50 to $1318.00 in London before it pared back in New York, but it still ended with a gain of 0.53%. Silver rose to as high as $16.583 and ended with a gain of 0.31%.

Market Report: FOMC Minutes Mark The Low

This week, gold and silver traded lower ahead of the FOMC minutes released on Wednesday. As widely expected, there was no change in the target for the Fed Funds Rate, which will probably be raised a quarter point in June. Yesterday, precious metals began to recover their poise, improving from the lows of earlier in the week.

May 4: Gold and Silver End Slightly Lower on the Week

Gold dipped $2.90 to $1308.50 in Asia before it jumped up to $1315.20 after this morning’s jobs report and then quickly dropped back to $1308.20, but it then rallied back higher into the close and ended with a gain of 0.2%. Silver chopped between $16.342 and $16.504 and ended with a gain of 0.49%.

May 7: Gold and Silver Hold Near Unchanged

Gold gained $4.80 to $1318.80 in Asia before it fell back to $1310.30 by a little after 8AM EST, but it then bounced back higher in New York and ended with a gain of 0.02%. Silver chopped between $16.568 and $16.404 and ended with a loss of 0.18%.

May 8: Gold and Silver Close Slightly Higher

Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.01%. Silver rose to as high as $16.519 and ended with a gain of 0.06%.

May 9: Gold and Silver End Mixed

Gold fell $9.60 to $1304.80 in Asia before it climbed up to $1317.30 in late morning New York trade and then drifted back lower into the close, but it ended with a loss of just 0.2%. Silver dropped down to $16.354 before it rallied back to $16.616 and then also fell back off again, but it still ended with a gain of 0.01%.

May 10: Gold and Silver Gain Roughly 1%

Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then rallied back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $16.75 and ended with a gain of 1.39%.

Market Report: Gold Still Underwritten At $1300

Gold and silver refuse to sink below their established lower consolidation levels, despite dollar strength. As can be seen in our headline chart, silver has enjoyed a decent bounce since 1 May, and gold has held firm at $1300, up 5% from the December low. Since last Friday, gold is up $8 in early European trade this morning (Friday) at $1323, having spiked down to as low as $1304 on Wednesday. Over the same time-scale, silver is up 23 cents on balance at $16.75.

May 11: Gold and Silver End Slightly Higher on the Week

Gold gained $5.30 to $1325.90 at about 8AM EST before it drifted back lower in New York, but it ended with a loss of just 0.13%. Silver rose to as high as $16.828 and ended with a loss of 0.3%.

May 14: Gold and Silver Fall as Dollar Reverses Higher

Gold gained $3.40 to $1322.30 in Asia before it chopped back to $1318.10 in early New York trade and then bounced back higher at times, but it then fell back off again into the close and ended with a loss of 0.41%. Silver slipped to as low as $16.499 and ended with a loss of 0.9%.

May 15: Gold and Silver Fall Roughly 1.5%

Gold fell $24.80 to $1288.70 by midafternoon in New York before it bounced back higher into the close, but it still ended with a loss of 1.6%. Silver slipped to as low as $16.204 and ended with a loss of 1.45%.

May 16: Gold and Silver End Mixed

Gold gained $4.30 to $1296.80 in Asia before it dropped back to $1286.50 in London and then bounced back higher in New York, but it still ended with a loss of 0.16%. Silver edged up to $16.342 before it fell back to $16.187, but it then climbed to new session highs into the close and ended with a gain of 0.55%.

May 17: Gold and Silver Chop Near Unchanged

Gold saw slight gains in Asia before it dropped back to $1285.40 in London and then rebounded in New York, but it ended with a gain of just 0.05%. Silver chopped between $16.325 and $16.489 and ended with a gain of 0.43%.

May 18: Gold and Silver Fall Roughly 2% on the Week

Gold fell $4.90 to $1286.10 at about 9AM ET before it bounced back to $1292.90 in the next couple of hours of trade and then pared back to about unchanged by midday, but it then edged back higher into the close and ended with a gain of 0.05%. Silver dipped down to $16.361 before it rallied back to $16.466, but it then edged back lower in the final minutes of trade and ended with a loss of 0.06%.

Ira Epstein's Silver Report

On a close under 15.90, you might consider a purchase of a 14.00 Put. On a close over 16.25, consider a 19.00 Call. Once you enter, consider writing a further out of the money Put if you bought a Put or writing a further out of the money Call if you bought a Call. By doing so, you will cut down the amount of risk and cost of the original Put or Call while allowing participation via the breakout.

May 21: Gold and Silver Reverse Overnight Losses To End Higher

Gold fell $9.70 to $1282.00 in Asia, but it then rallied back higher throughout trade in London and New York and ended near its late session high of $1292.90 with a gain of 0.04%. Silver rose to as high as $16.516 and ended with a gain of 0.43%.

May 22: Gold and Silver End Mixed

Gold dipped $4.30 to $1287.90 in Asia before it edged up to $1296.00 by midmorning in New York and then drifted back lower into the close, but it ended with a loss of just 0.02%. Silver chopped between $16.448 and $16.665 and ended with a gain of 0.24%.

May 23: Gold Gains While Silver Slips

Gold dipped $2.70 to $1289.20 in Asia before it bounced back to $1297.80 in London and then fell to a new session low of $1288.30 at about 9AM EST in New York, but it then chopped back higher into the close and ended with a gain of 0.13%. Silver slipped to as low as $16.319 before it also rallied back higher, but it still ended with a loss of 0.54%.

May 24: Gold and Silver Gain Roughly 1%

Gold gained $13 to $1306.60 by midmorning In New York before it drifted back lower at times, but it still ended with a gain of 0.83%. Silver rose to as high as $16.688 and ended with a gain of 1.28%.

May 25: Gold and Silver Find Slight Gains on the Week

Gold chopped up to $1307.80 at about 9AM EST before it drifted back lower into the close, but it ended with a loss of just 0.31%. Silver slipped to as low as $16.489 and ended with a loss of 0.36%.

June 4: Gold and Silver End Near Unchanged in Mixed Trade

Gold dipped $2.70 to $1290.40 in Asia before it rallied up to $1297.70 in London, but it then drifted back lower in New York and ended with a loss of 0.1%. Silver chopped between $16.37 and $16.542 and ended with a gain of 0.06%.

June 5: Gold and Silver Gain While Dollar Dips

Gold gained $8.70 to as high as $1300.50 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.36%. Silver rose to as high as $16.53 and ended with a gain of 0.55%.

Ed Steer: When JP Morgan Decides to Stop Shorting Silver, Prices Will Shock You

It is my privilege now to welcome in Ed Steer of Ed Steer's Gold and Silver Digest. Ed has covered the precious metals markets for going on two decades now, having written for Casey Research prior to his latest project, and is also a director at GATA, the Gold Anti-Trust Action Committee, where he and his colleagues work to expose the manipulation in the gold and silver markets.

July 30: Gold Ends Slightly Lower in Mixed Trade

Gold fell $4.10 to $1219.10 in Asia before it bounced back to $1225.00 by late morning in New York, but it then drifted back lower into the close and ended with a loss of 0.16%. Silver rose to as high as $15.54 and ended unchanged on the day.

July 31: Gold and Silver Gain with Stocks and Bonds

Gold saw slight losses in London before it bounced back to $1223.10 in early New York trade and then dropped back down to $1214.20 by a little after 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.27%. Silver rose to as high as $15.607 and ended with a gain of 0.26%.

August 1: Gold and Silver Fall With Bonds

Gold dropped $4.60 to $1220.00 in Asia before it rallied back to unchanged in London and then fell to a new session low of $1216.70 at about 11AM EST, but it then bounced back higher into midafternoon and ended with a loss of just 0.69%. Silver slipped to as low as $15.39 and ended with a loss of 0.9%.

August 2: Gold and Silver Fall Again

Gold gained $4.40 to $1220.50 in Asia before it dropped back to $1213.40 in London and then bounced back to gains in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.58%. Silver slipped to as low as $15.288 and ended with a loss of 0.39%.

August 3: Gold and Silver End Slightly Lower on the Week

Gold dipped $4.40 to $1204.70 in Asia before it climbed up to $1220.00 by late morning in New York and then drifted back lower into the close, but it still ended with a gain of 0.36%. Silver rose to as high as $15.549 and ended with a gain of 0.59%.

August 6: Gold and Silver Fall Again

Gold dropped $6.10 to $1207.40 in London before it bounced back towards unchanged in morning New York trade, but it then fell back off into the close and ended with a loss of 0.49%. Silver slipped to as low as $15.29 and ended with a loss of 0.78%.

August 7: Gold and Silver Gain with Stocks

Gold gained $8.60 to $1216.10 by a little after 6AM EST before it chopped back towards unchanged by midafternoon in New York, but it then edged back up into the close and ended with a gain of 0.22%. Silver rose to as high as $15.485 and ended with a gain of 0.39%.

August 8: Gold and Silver End Higher in Mixed Trade

Gold gained $5.30 to $1215.50 in Asia before it dropped back to $1206.60 in London, but it then bounced back higher in New York trade and ended with a gain of 0.27%. Silver chopped between $15.454 and $15.283 and ended with a gain of 0.39%.

August 9: Gold and Silver Close Mixed

Gold dipped $2.60 to $1210.90 in Asia before it bounced back to $1217.20 in London and then dropped back lower in New York, but it ended with a loss of just 0.12%. Silver chopped between $15.367 and $15.503 and ended with a gain of 0.13%.

August 10: Gold and Silver End Slightly Lower on the Week

Gold dipped $6.20 to $1205.80 in Asia before it rallied up to $1217.00 by late morning in New York, but it then fell back off into midday and ended with a loss of 0.05%. Silver slipped to as low as $15.296 and ended with a loss of 0.78%.

August 13: Gold and Silver Fall Roughly 2%

Gold dropped $16.10 to $1195.30 in London before it bounced back above $1200 in early New York trade, but it then fell back off into the close and ended near its early afternoon low of $1191.80 with a loss of 1.49%. Silver slipped to as low as $14.974 and ended with a loss of 2.15%.

A Depressed Economy And A Silver Boom

The current bottoming pattern looks like triangle that broke down. However, it actually is very bullish although it still needs to find a bottom. The bearish look of the triangle is creating that perfect panic that is needed before price can go higher. The wise is buying right now while the fearful are selling. It only is important that price does not go lower than the low of 2015.

August 14: Gold and Silver Gain with Stocks and Dollar

Gold gained $5.30 to $1198.70 by late morning in New York before it chopped back down to $1192.20 by early afternoon, but then bounced back higher into the close and ended with a gain of 0.08%. Silver rose to as high as $15.107 and ended with a gain of 0.53%.

August 15: Gold and Silver Fall Roughly 2% and 4%

Gold drifted lower throughout most of world trade and ended near its late session low of $1173.20 with a loss of 1.63%. Silver slipped to as low as $14.367 and ended with a loss of 4.31%.

August 16: Gold Edges Lower While Silver Bonces Back

Gold dropped $14.40 to $1160.40 in early Asian trade before it rose to see a gain of $7.10 at $1181.90 at about 5AM EST, but it then drifted back lower in London and New York and ended with a loss of 0.1%. Silver rose to as high as $14.829 and ended with a gain of 1.53%.

August 17: Gold and Silver Fall Over 2% and 3% on the Week

Gold chopped higher throughout most of world trade and ended near its last-minute high of $1184.40 with a gain of 0.9%. Silver rose to as high as $14.80 and ended with a gain of 1.16%.

Why Silver Could Replace The Dollar

Silver used to be a significant part of the monetary base in many countries. You could find it as part of monetary reserves together with gold, as well as coinage in circulation. Over the years that silver was demonetized (at least from the 1870s to roughly the 1960s), significant amounts of silver coins (official currency coins) were melted down and sold on the markets, together with silver bars (used as reserves). This brought us to today, where the amount of silver that is part of the monetary base is basically immaterial.

August 20: Gold Gains While Silver Dips

Gold gained $5.60 to $1189.80 in Asia before it drifted back to $1184.80 it late morning New York trade, but it then jumped to a new session high of $1190.90 in afternoon trade and ended with a gain of 0.51%. Silver climbed up to $14.845 before it fell back to $14.645 and then also bounced back higher, but it still ended with a loss of 0.41%.

August 21: Gold and Silver Gain with Stocks

Gold gained $6.10 to $1196.30 in Asia before it dropped back to $1187.80 by late morning in New York, but it then bounced back higher into the close and ended with a gain of 0.32%. Silver slipped to as low as $14.72 and ended with a gain of 0.07%.

August 22: Gold and Silver Hold Steady

Gold dipped $1.10 to $1192.90 in Asia before it rallied to as high as $1201.50 in early New York trade and then fell back off into the close, but it still ended with a gain of 0.22%. Silver rose to as high as $14.873 and ended unchanged on the day.

Video: Is Silver Set for a Massive Breakout?

– Silver has been basically in a “volatility depression” (see chart) – Volatility has been “slowly decreasing over time … for years now” – Silver is “forming some sort of base” and “it is due for a massive break out” and this should “pull gold up with it”

August 23: Gold and Silver Fall Almost 1% and 2%

Gold dropped $10.10 to $1186.50 in Asia before it bounced back towards unchanged in London, but it then fell back off again in New York and ended near its late session low of $1184.00 with a loss of 0.93%. Silver slipped to as low as $14.482 and ended with a loss of 1.76%.

August 24: Gold and Silver Jump 2% to Close Out the Week

Gold soared $22.90 to as high as $1208.40 by midday in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.7%. Silver surged to as high as $14.87 and ended with a gain of 2.14%.

August 27: Gold and Silver Gain with Stocks

Gold saw modest gains in Asia before it fell back to $1203.30 in London, but it then jumped to as high as $1212.40 in New York and ended with a gain of 0.39%. Silver chopped between $14.747 and $14.914 and ended with a gain of 0.47%.