By Melissa Pistilli-Exclusive to Silver Investing News Silver prices are benefitting from the recent optimism that the global economy has finally started on the path to recovery and that industrial demand will soon rise. Spot prices hit a high of $14.45 an ounce in early trading Tuesday. So far this year, silver has risen 26 [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price fell almost 6 per cent on Monday to its lowest level this month at $13.82 an ounce. The dip came as traders pulled out of the commodities and equities sectors and poured into the dollar on fears that economic recovery is still a ways off. [...]
Minera Andes Inc. declared net income of $1.0 million in its financial statements for the three months ended June 30, 2009, and a net loss of $3.3 million for the six months ended June 30, 2009. All amounts in this news release are in US dollars unless otherwise noted. For full story, click here
Silvercorp Metals Inc. the leading primary silver producer in China, provided notice of its next dividend. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News The seasonal patterns characteristic of the latest bull run in precious metals were thrown off course last year as the economic crisis exploded and commodities across the board took massive hits. What technically should have been a memorable fall rally for precious metals prices will instead be remembered [...]
PowerShares DB Silver Fund closed yesterday at $25.71. So far DBS has hit a 52-week low of $14.81 and 52-week high of $28.82. DBS has been showing support around 25.44 and resistance in the 26.08 range. Technical indicators are Bullish. For full story, click here
In the uncertain world of exploration, availability of assets in a known mining district with historical production always supports the underlying company’s investment case. For full story, click here
Silver futures continued to surge for the second straight day by adding 0.44 per cent on the Multi Commodity Exchange today on surged offtake in the spot markets. For full story, click here
Klondike Silver Corp. declared results of underground diamond drilling from the Fall of 2008 through Spring 2009 from the Wonderful Mine, near Sandon, British Columbia. For full story, click here
SNS Silver Corporation declared a non-brokered private placement of up to 10,000,000 units at a price of $0.10 per Unit, for gross proceeds of up to $1,000,000. For full story, click here
Tuesday, August 25, 2009