Melissa Pistilli has been reporting on market-shaking news in the resource and mining investment sector for over five years and has been with the Investing News Network since 2008. She has written on a wide variety of topics, from managing political risk in the mining industry to manipulation in the silver market. Formerly the managing editor of the Investing News Network, Melissa now serves as a senior reporter writing for Lithium Investing News and Uranium Investing News. She is most interested in the impact of global economics, politics and sociocultural influences on the commodities markets, and this shows in her reporting. Melissa holds a bachelor’s degree in English education as well as a master’s degree in teaching of writing, both from Humboldt State University, California. She currently resides at the heart of Canada’s mining industry — Vancouver, British Columbia.
Despite the recent drop in gold and silver prices in the international markets, prices for precious metals in India still remain at a premium and buyers are holding out for cheaper prices, stunting demand.
Argentina is South America’s second largest economy and ranks 10 on The Silver Institute’s list of top silver producing countries in the world. In 2010, Argentina produced 20.6 million ounces of silver.
Silver suffered a sharp setback in early trading Monday as the market reacted to the Bank of Japan’s move to devalue the yen. Investors and traders will be monitoring the actions of other central banks, such as China which many anticipate will loosen its monetary policy by the end of the year.
Silver Investing News readers are intrigued to down right passionate when it comes to the topic of silver price manipulation. In a recent survey, we asked the question, “Do you believe the silver market is rigged?” to which an eye-popping 66 percent responded, “Yes!”
While supporters of the new CFTC rule expect it to prevent large firms from taking too large positions in commodities and causing inflated prices, there are those who caution that it will only push commodities investors to markets outside of the United States.
The rise in precious metals investing by our readers and the fact that silver’s investment popularity is now on par with that of gold are both very much in line with the developing trends we are seeing in worldwide gold and silver investing.
Silver Investing News had the opportunity for our own short Q&A session with Dr. Michael Berry, publisher of Morning Notes, who will be speaking at the world-renowned Silver Summit Investment Conference and will host a “no holds barred” Q&A session following his presentation.
Recognized as one of the world’s top resource producing and exporting nations, Australia is well-known for its vast wealth of metals and minerals that includes coal, uranium, copper and gold. Lesser known is the significant role silver mining has had in the country’s history.