In 2013, India imported a record 5,478 MT of silver. However, word is that the country will not be able to sustain that demand in 2014.
Silver hit a four-month high early this week, but since then has taken a fairly steep fall.
Thus far this week silver has managed to keep its head above $21, even in the face of news that the US Federal Reserve may raise interest rates sooner than previously expected.
Silver Investing News spoke with Andrew Chanin, co-founder of PureFunds, about the PureFunds ISE Junior Silver ETF, the only exchange-traded fund that aims to hold silver explorers and junior silver producers.
At the Vancouver Resource Investment Conference, David Morgan, publisher of the Morgan Report, said he sees silver rising to the $30 to $34 range in 2014.
Stuart Ross, president and CEO of El Tigre Silver, spoke with Silver Investing News at the recent Vancouver Resource Investment Conference. He said that the company's tailings recovery project "is at a tipping point, it's ready to go forward with production."
Avino Silver & Gold Mines Ltd. (TSXV:ASM,NYSEMKT:ASM) yesterday announced February 2014 production results from its Mexico-based San Gonzalo mine and Avino mine surface stockpile operations, commenting that together they put out 96,254 silver equivalent ounces.
Golden Arrow Resources Corp. (TSXV:GRG) announced a proposed issuance of common shares to a leading drilling company for drilling services "pursuant to the terms of a shares for services agreement."
Tarsis Resources Ltd. (TSXV:TCC) has appointed Jason Weber to its Board of Directors. Mr. Weber was the former President and CEO of Kiska Metals Corporation, and previous to that President and CEO of Rimfire Minerals Corporation from 2007 to 2009.
Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) yesterday put out a statement regarding recent "speculative reports about violent incidents" at its Mexico-based Guanajuato Mine Complex.
American CuMo Mining Corporation (TSX-V:MLY) Chief Operating Officer, Shaun Dykes, talks about the Company's focus on advancing the CuMo Project in Boise, Idaho.
Bayhorse Silver Inc. (TSXV:BHS) President & CEO, Graeme O'Neill, talks about the "significantly underdeveloped deposit" Bayhorse Silver Mine in Oregon.
SilverCrest Mines Inc. (TSXV:SVL) President & COO Eric Fier talks about the move from a junior producer to a mid-tier producer, with its flagship project, the Santa Elena Mine in Sonora, Mexico.
Tarsis Resources (TSXV:TCC) President and CEO, Marc Blythe, spoke to Resource Investing News on the Company’s two important properties in Mexico, and explained the advantages of Tarsis operating under a prospect generator business model. “Buy low and sell high” is advice Mr. Blythe had for investors, along with taking a look at whether or not [...]
This morning, silver rose 0.48 percent, or $0.10, to trade at $20.90. Investors are seeking a safe option for their capital due to concern about weak Chinese economic data and the ongoing crisis in the Ukraine.
Today, silver rose 0.4 percent, or $0.08, to $21 an ounce, as Russian forces took over a military hospital and missile base on Ukraine's Crimean peninsula.
Mining Weekly reported that at this week's Prospectors and Developers Association of Canada conference, Jeffrey Christian, managing partner at CPM Group, said he expects net physical silver purchasing to drop in 2013.
This morning, silver rose 0.2 percent, or $0.04, to $21.19 an ounce. Precious metals remained largely unchanged today with investors awaiting forthcoming US data for information on the economy's health.