Flows into ETF Physical Silver have remained strong, increasing by $40 mn since mid-August. ETF’s Leveraged Silver added $2 mn in net inflows last week, which brought the year-to-date net inflows to $27 mn. For full story, click here
Even there are shortages, the prices of the precious metal are still low and provide a good reason for investments. Monex Deposit Company Vice President Michael Maroney, said: One-ounce and smaller gold and silver coins,. ten-ounce and hundred-ounce silver bars, ten-ounce ingots and 32.15 ounce “kilobars” of gold have virtually disappeared from the marketplace,. They’re in private hands [...]
Silver prices declined with Spot Silver closing above the $9 mark. A doji formation is seen on weekly charts with immediate support seen at $8.63. For full story, click here
Silver futures for December delivery fell 2 cents, or 0.2 % to $9.785 an ounce in New York. The metal is down 34 % in 2009. For full story, click here
Net income in the third quarter was $100.6 million, or &$.40 per ADS, in-line with the figure reported in the third quarter of last year. For full story, click here For company’s website, click here
Silver leaching & powder output decreased with approximately 109,000oz of silver contained in powder produced during the quarter. For full story, click here For company’s website, click here
Agnico-Eagle Mines Limited announced quarterly net income of $14.0 million, or $0.10 per share for the third quarter of 2008. For full story, click here For company’s website, click here
In its third quarter reults, Coeur reports 25% increase in quarterly silver output to 3.1 million ounces compared to Q2 and on track growth strategies. For full story, click here For company’s website, click here
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver broke the psychological level of $9 this week and reached a high of $10.50 in early morning trading Thursday. “Precious metal sentiment received a much needed boost yesterday as the dollar retreated after the Fed’s rate cut,” said Standard Bank analyst Manqoba Madinane. [...]
December silver futures closed up 112.5 cents at $9.915 an ounce. Prices closed nearer the session high on short covering in a bear market. For full story, click here
Friday, October 31, 2008