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.
Silver Market News Directory
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.
Today, silver fell 0.65 percent, or $0.14, to trade at $21.24 an ounce.
Tension in the Ukraine brought silver up 1.42 percent, or $0.30, to trade at $21.49 per ounce this morning.
Today, silver fell 1.2 percent, or $0.26, to $21.58 an ounce.
This morning, silver fell 0.8 percent, or $0.17, to trade at $21.78 an ounce. The white metal hit its highest price since October 31 in the previous session.
Today, silver rose 1 percent, or $0.22, to trade at $22.03 per ounce. Earlier in the day, it hit $22.16, its highest price since October 31.
Mineweb reported yesterday that according to France's Natixis SA (EPA:KN), the 12-percent uptick that silver has seen this month is not likely to continue.
Mineweb said Thursday that France's Societe Generale SA (EPA:GLE) believes India's silver imports are likely to decline in 2014, reversing the strong demand displayed by the country in 2013.
Today, silver fell 0.8 percent, or $0.17, to trade at $21.72 an ounce. Investors are taking a conservative approach to the metal ahead of this afternoon's release of the US Federal Reserve's January meeting minutes.