The upward potential didn’t change yet as the Fibonacci expansion level at 13.50 areas is still supporting it and silver is still gathering enough momentum since yesterday as the price action can’t breach the level. For full analysis, click here
Silver, long considered to be gold’s “poorer cousin”, has also been soaring and, in 2009, has well outperformed gold. For more information, click here
South American Silver Corp. reported the results of a NI 43-101 compliant Preliminary Economic Assessment Study (“PEA”) on its 100% owned Malku Khota silver-indium-gold project located in central Bolivia. For more information, click here
Unico, Incorporated , a natural resource company in the precious metals mining sector, reported testing of alternative methods for the recovery of gold and silver from the recently produced concentrates at the Deer Trail Mine in Marysvale, Utah. For more information, click here
Silver Dragon Resources Inc. reported on the progress of the mining license transfer of Erbahuo Silver Mine. For more information, click here
Silver prices declined further by 1.81 per cent in futures trading today on increased selling by traders in tandem with a weakening trend in the global market. For more information, click here
By Melissa Pistilli-Exclusive to Silver Investing News The silver price took a hit yesterday to close at $13.76/oz, well below Monday’s close of $14.41. The dip was not that unexpected to many analysts who listed three major reasons for silver’s decline in the market Tuesday: reassuring testimony from Federal Reserve Chairman Ben Bernanke; normal market [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver managed to keep its last week gains to open at $14.30/oz Monday morning. After a brief dip to $14.09, the precious metal was testing highs of $14.66. The markets are still reacting to doubts over the U.S. government’s ability to pull itself out of financial freefall even [...]
Silver Standard Resources Inc. has enhanced the aggregate gross proceeds to approximately US$92.6 million and priced its previously announced public offering of common shares. For more information, click here
ECU Silver Mining Inc. reported the completion of its previously announced offering of an aggregate of 25,000,000 subscription receipts of the Company for aggregate gross proceeds of $17,500,000. For full story, click here
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