SilverSeek reported that falling yields are becoming a big problem for the silver industry because yield declines indicate that high-grade silver production is being replaced by low-grade supply that is more expensive.
Silver Market News Directory
Bloomberg reported that US Mint silver coin sales marked the strongest first half of the year since 1986.
As with gold, silver saw a drop today.
Mineweb reported that, despite the Indian government's attempt to curb gold and silver imports, they still rose by 89.7% to $8.3 billion in May 2013. As quoted in the market report:
The price of silver fell today, with spot silver declining to $21.97 an ounce, a decrease of about $0.07.
NASDAQ.com reported that silver, whether treated as an industrial metal or as a currency, has strong potential upside for the long-term. As quoted in the market report:
Bloomberg reported that, despite widespread analyst expectation that silver would rally back from its slump, the opposite has happened, with silver leading precious metals in decline, down some 28 percent.
Today, silver prices rose about $0.26, to $21.91 an ounce.
Mining Weekly reported that, according to a new Ernst & Young report, the Canadian mining equities index dropped by 13 percent in Q1, with two-thirds of the miners on the Canadian Mining Eye index owning gold and/or silver assets and taking a hit on falling precious metals assets.
Silver prices dropped $0.41, to $21.52 an ounce, on the COMEX in New York.