• Gold: 1,339.78 -0.24
  • Silver: 14.84 0.00
  • Euro: 1.122 0.001
  • USDX: 97.558 0.072
  • Oil: 52.1 -0.47

Silver Market Update

Gold And Silver Seasonal Trends

Where Is Silver Going?

Gold Seeker Closing Report: Gold and Silver Gain Over 1%

Gold saw modest gains in Asia before it dipped back to $1189.20 in London, but it then jumped to as high as $1208.30 in late morning New York trade and ended with a gain of 1.14%. Silver rose to as high as $14.908 and ended with a gain of 1.24%.

October 3: Gold and Silver Edge Back Lower

Gold saw slight gains in Asia and chopped near unchanged in London before it dropped down to $1197.00 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.39%. Silver slipped to as low as $14.622 and ended with a loss of 0.14%.

October 4: Gold and Silver Close Mixed

Gold saw slight losses in Asia and held near unchanged in London before it climbed to as high as $1206.70 by late morning in New York and then fell back to $1197.10 by midafternoon, but it then bounced back higher into the close and ended with a gain of 0.07%. Silver rose to as high as $14.765 and ended with a loss of 0.48%.

October 5: Gold and Silver Gain With Dollar and Oil on the Week While Stocks and Bonds Fall

Gold dipped $2 to $1197.30 in Asia before it climbed up to $1205.80 at about 10AM EST and then drifted back lower into midday, but it then edged back higher in late trade and ended with a gain of 0.32%. Silver chopped between $14.516 and $14.712 and ended with a gain of 0.34%.

October 8: Gold and Silver Fall but Miners Bounce Back to Gains

Gold fell $19.40 to $1183.70 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.18%. Silver slipped to as low as $14.269 and ended with a loss of 1.64%.

October 9: Gold and Silver Edge Higher

Gold edged up to $1191.80 in Asia before it dropped back to $1183.50 at about 9:45AM EST, but it then chopped back higher into the close and ended with a gain of 0.1%. Silver sloshed between $14.436 and $14.269 and ended with a gain of 0.07%.

October 10: Gold and Miners Gain While Stocks Plummet

Gold dipped $4.60 to $1185.50 at about 8:30AM EST, but it then rallied back higher for most of the rest of trade and ended near its last-minute high of $1193.60 with a gain of 0.25%. Silver dipped to $14.247 before it also bounced back into the close, but it still ended with a loss of 0.69%.

October 11: Gold and Silver Jump 2% Higher While Stocks Fall Further

Gold held near unchanged for most of the day in Asia, but it then began a steady advance in London, accelerated higher in New York, and ended near its late session high of $1226.10 with a gain of 2.48%. Silver surged to as high as $14.621 and ended with a gain of 1.75%.

October 12: Gold Gains Over 1% on the Week While Stocks Drop 4%

Gold dipped $6.80 to $1215.90 in Asia before it climbed up to $1223.30 in London and then drifted back lower in morning New York trade, but it ended with a loss of just 0.38%. Silver chopped between $14.525 and $14.702 and ended with a gain of 0.41%.

October 15: Gold and Silver Gain While Stocks Drop Again

Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but it still ended with a gain of 0.61%. Silver rose to as high as $14.773 and ended with a gain of 0.55%.

October 16: Gold and Silver Close Slightly Lower

Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.04%. Silver rose to as high as $14.845 and ended with a loss of 0.2%.

October 17: Gold and Silver Edge Lower Again

Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New York, but it then fell back off into the close and ended with a loss of 0.09%. Silver slipped to as low as $14.597 and ended with a loss of 0.2%.

October 18: Gold Gains While Stocks Fall Markedly

Gold dipped $5.10 to $1218.70 in Asia, but it then chopped back higher in London and New York and ended not far from its early afternoon high of $1230.10 with a gain of 0.11%. Silver slipped to $14.455 before it climbed to as high as $14.651 by late morning in New York, but it then drifted back lower in afternoon trade and ended with a loss of 0.41%.

October 19: Gold and Silver Find Slight Gains on the Week

Gold dropped $1.90 to $1223.20 in Asia before it climbed up to $1230.50 by a little after 8AM EST, but it then drifted back lower into the close and ended with a gain of just 0.11%. Silver dipped to $14.559 before it rose to as high as $14.715 and then also fell back off, but it still ended with a gain of 0.41%.

October 22: Gold and Silver Edge Lower

Gold saw slight gains in Asia before it drifted down to $1220.50 by midmorning in New York and then bounced back higher into the close, but it still ended with a loss of 0.29%. Silver slipped to as low as $14.519 and ended with a loss of 0.41%.

October 23: Gold and Silver Gain While Stocks Shake

Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it still ended with a gain of 0.6%. Silver rose to as high as $14.806 and ended with a gain of 1.1%.

October 24: Gold Gains While Stocks Plummet

Gold gained $3.20 to $1233.30 in Asia before it dropped back to $1225.70 by a little after 8AM EST and then bounced back to gains by midmorning in New York ahead of a fall back to $1227.40 by early afternoon, but it then jumped higher into the close and ended with a gain of 0.2%. Silver slipped to as low as $14.653 and ended with a loss of 0.41%.

October 25: Gold and Silver Dip While Stocks Bounce Back

Gold gained $6.50 to $1239.10 in Asia before it dropped back to $1230.40 at about 4AM EST 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 0.19%. Silver slipped to as low as $14.605 and ended with a loss of 0.34%.

October 26: Gold and Silver Gain on the Week While Stocks Drop Nearly 4%

Gold gained $8.30 to $1238.60 in Asia before it dropped back towards unchanged in London, but it then shot up to as high as $1243.40 in late morning New York trade and ended with a gain of 0.3%. Silver waffled between $14.734 and $14.576 in Asia and London, but it then rose to as high as $14.766 in New York and ended with a gain of 0.55%.

October 29: Gold and Silver Fall with Stocks

Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New York trade, but it then rallied back higher into the close and ended with a loss of just 0.4%. Silver slipped to as low as $14.417 before it also bounced higher, but it still ended with a loss of 1.7%.

October 30: Gold Dips While Silver Gains

Gold dropped $9.10 to $1220.00 in London before it chopped back higher in early New York trade, but it still ended with a loss of 0.45%. Silver slipped to as low as $14.375 in London, but it then climbed back higher in New York and ended with a gain of 0.21%.

October 31: Gold and Silver Fall Roughly 1% While Stocks Bounce Back Further

Gold fell $11.50 to $1212.10 by midmorning in New York before it bounced back higher at times, but it still ended with a loss of 0.55%. Silver slipped to as low as $14.249 and ended with a loss of 1.38%.

November 1: Gold and Silver Gain Over 1% and 3%

Gold climbed steadily higher throughout most of world trade and ended near its midafternoon New York high of $1237.40 with a gain of 1.34%. Silver surged to as high as $14.818 and ended with a gain of 3.22%.

November 2: Gold and Silver Hold Near Unchanged on the Week

Gold chopped in a relatively tight range between $1229.90 and $1236.40 and ended with a loss of just 0.01%. Silver rose to as high as $14.908 and ended with a gain of 0.07%.

November 5: Gold and Silver Dip with Dollar Before Election Day

Gold gained $1.30 to $1234.40 in Asia before it dropped back to $1227.00 in London and bounced back higher in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.21%. Silver chopped between $14.766 and $14.599 and ended with a loss of 0.75%.

November 28: Gold and Silver Jump on Powell Remarks

Gold dropped back to $1211.20 by a little after 9AM EST before it jumped up to $1226.30 in early afternoon trade and then pared back into the close, but it still ended with a gain of 0.43%. Silver dipped to $14.119 in Asia before it rose to as high as $14.389 in New York and then also fell back off a bit, but it still ended with a gain of 1.2%.

November 29: Gold Gains Ahead of G20

Gold gained $8.70 to $1228.90 by late morning in New York before it drifted lower in afternoon trade, but it still ended with a gain of 0.3%. Silver chopped near unchanged and ended with a loss of 0.07%.

November 30: Gold and Silver End Slightly Lower on the Week

Gold fell $7.20 to $1216.70 by midmorning in New York, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.18%. Silver slipped to as low as $14.052 before it also rebounded, but it still ended with a loss of 0.91%.

Golden Arrow Reports Commercial Production Declared at the Chinchillas Mine

Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has declared commercial production at the Chinchillas silver-zinc-lead mine as of December 1 st 2018.

December 3: Gold and Silver Rise Roughly 1%

Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.74%. Silver rose to as high as $14.555 and ended with a gain of 1.41%.

December 4: Gold and Silver Gain Roughly 1% While Stocks Drop Over 3%

Gold gained $11 to $1241.80 by a little after 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.6%. Silver rose to as high as $14.663 and ended with a gain of 1.04%.

December 6: Gold and Silver Hold Steady While Stocks Remain Volatile

Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asia today and then climbed up to a new session high of $1244.30 by midmorning in New York, but it then drifted back lower into the close and ended with a gain of just 0.01% from Tuesday’s close. Silver slipped to as low as $14.351 and ended with a loss of 0.28%.

December 7: Gold and Silver Gain Over 2% and 3% on the Week While Stocks Drop Nearly 5%

Gold saw slight gains in Asia and London, but it then accelerated higher in New York and ended near its early afternoon high of $1250 with a gain of 0.82%. Silver rose to as high as $14.645 and ended with a gain of 1.04%.

Silver Investors See Palladium as the “Canary in the Coal Mine”

The precious metals sector has just one standout performer this year, and that is palladium. Lately the market for that metal has gotten more than just hot. Developments there could have implications for the LBMA and the rickety fractional reserve system of inventory underpinning all of the physical precious metals markets.

December 10: Gold and Silver End Slightly Lower

Gold saw slight gains in Asia before it fell back to $1243.50 by a little after 8AM EST and then bounced back higher in morning New York trade, but it then fell back off again into the close and with a loss of 0.33%. Silver slipped to as low as $14.478 and ended with a loss of 0.75%.

December 11: Gold and Silver Close Mixed with Stocks

Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of 0.1%. Silver rose to as high as $14.719 before it dropped back to $14.516, but it then rallied back higher in late trade and ended with a gain of 0.21%.

Is the Buyer’s Market for Silver Coming to an End?

Few markets are as depressed – and, as many analysts argue, suppressed – as silver. Prices for the white metal continue to languish in a low-level trading range amidst lackluster demand. The upshot for investors is that they can now obtain silver bullion at both a low spot price and a low premium above spot. How long this buyer’s market will is unknowable last. But given silver’s manic-depressive personality, prices could launch explosively higher at any time.

December 12: Gold and Silver Gain with Stocks

Gold chopped up to $1247.10 at about 1PM EST before it fell back off into midafternoon, but it then rallied back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $14.794 and ended with a gain of 1.31%.

December 13: Gold and Silver Trade Mixed with Stocks

Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then bounced back higher at times, but it still ended with a loss of 0.24%. Silver chopped between $14.805 and $14.684 and ended with a gain of 0.2%.

December 14: Gold and Silver Fall Less Than 1% on the Week

Gold fell $9.90 to $1233.00 by a little after 9:30AM EST before it climbed back towards unchanged by midday, but it then drifted back lower into the close and ended with a loss of 0.37%. Silver slipped to as low as $14.493 and ended with a loss of 1.29%.

December 17: Gold and Silver Gain Almost 1% While Stocks Drop Over 2%

Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ended near its early afternoon high of $1248.10 with a gain of 0.65%. Silver rose to as high as $14.70 and ended with a gain of 0.62%.

December 18: Gold Gains While Stocks Struggle Higher

Gold erased early Asian gains and dipped to $1245.10 at about 2AM EST before it rallied up to $1250.30 in London and then fell to see slight losses by midmorning in New York, but it then climbed back higher into the close and ended with a gain of 0.24%. Silver chopped between $14.721 and $14.613 and ended with a loss of 0.2%.

December 19: Gold and Silver Fall After Fed Tightens

Gold edged up to $1251.40 in Asia before it dropped back to $1246.80 in London and then jumped up to $1258.00 at about 10:30AM EST, but it then fell to as low as $1241.90 after today’s fed announcement and ended with a loss of 0.58%. Silver rose to as high as $14.821 before it fell back to $14.55, but it ended with a loss of just 0.41%.

December 20: Gold and Silver Gain Over 1% While Stocks Drop Nearly 2%

Gold gained $24.30 to a new 5-month high at $1266.30 by early afternoon in New York before it chopped back lower into the close, but it still ended with a gain of 1.53%. Silver rose to as high as $14.841 and ended with a gain of 1.3%.

December 21: Gold and Silver Gain on the Week While Stocks Fall the Most in 10 Years

Gold edged up to $1262.60 in Asia before it dropped back to $1256.20 in London and then bounced back above unchanged in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.44%. Silver chopped between $14.777 and $14.606 and ended with a loss of 1.02%.

December 24: Gold and Silver Gain Over 1% While Stocks Drop Almost 3%

Gold gained nearly $10 in Asia before it halved its gains in London, but it then rose to new 6-month highs in New York and ended with a gain of 1.08%. Silver climbed to as high as $14.776 and ended with a gain of 1.03%.

December 26: Gold and Silver Closed Mixed While Stocks Rebound

Gold gained $10 to a new 6-month high at $1279.00 by late morning in New York before it sold off in afternoon trade, but it ended with a loss of just 0.22%. Silver rose to as high as $15.17 and ended with a gain of 1.76%.

December 27: Gold and Silver Hold 1% Gains in Face of Stocks Reversal

Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the close, but it still ended with a gain of 0.69%. Silver rose to as high as $15.267 and ended with a gain of 1.33%.

December 28: Gold and Silver Gain Roughly 2% and 5% on the Week

Gold gained $7.10 to $1282.00 in Asia before it pared back in London, but it then bounced back higher in New York and ended with a gain of 0.4%. Silver rose to as high as $15.389 and ended with a gain of 0.92%.

December 31: Gold and Silver Gain with Stocks

Gold gained $4.10 to $1284.10 in London before it dipped back under unchanged a few times in New York, but it ultimately bounced back higher into the close and ended with a gain of 0.17%. Silver rose to as high as $15.51 and ended with a gain of 0.65%.