While the contagion of fear in the markets is providing silver with a much needed boost this week, ongoing economic problems around the world will eventually weigh on industrial demand.
The news story getting the most attention (and causing the most hand-wringing) this week is evidence China’s economy is cooling after the nation posted a growth rate of 11.9 percent in the first quarter of 2010.
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices are taking heavy hits in the recent week from continued European economic woes that are helping to support the dollar. On Wednesday, silver prices plunged threatening a breakdown once again through the $15 an ounce support level as volatility in global currency markets spilled over [...]
By Melissa Pistilli-Exclusive to Silver Investing News Currency markets are continuing to influence precious metals prices this week as gold and silver post gains after falling to new lows the past weeks. On Monday, gold managed to hold the critical $1100 an ounce level and silver traded sideways to close at $15.52 an ounce. Tuesday, [...]
By Melissa Pistilli-Exclusive to Silver Investing News Tuesday, silver spot prices managed to recover slightly from last week’s sell-off hitting as high as $16.81 in New York early morning trading to close later in the day at $16.70 an ounce. However, silver fell as low as $16.37 early Wednesday morning as the dollar rebounded. Analysts [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices have taken a hit the past few market sessions as risk-averse sentiments overshadow any recent speculative fervor in commodities. On Thursday, President Barack Obama announced a set of new proposals to restrict banks or other financial institutions from dealing with hedge funds or private equity [...]
By Melissa Pistilli-Exclusive to Silver Investing News Mineral exploration expenditures in British Columbia fell victim to the global credit crisis in 2009, dropping 58 per cent from the previous year to $154 million; however, it was still the sixth-best year for exploration and development investment since 1989. And 2010 is expected to be another strong [...]
By Melissa Pistilli—Exclusive to Silver Investing News Silver prices are doing well so far into the first two weeks of 2010 steadily rising from the $17 level to test $19 an ounce. On Monday morning, silver danced as high as $18.88 in New York before falling to $18.60 at closing. The white metal was spurred [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices were popping off of holiday lows Monday as traders returned to the markets. Gold had jumped as high as $1124 an ounce by 9:30am in New York and silver soared to $17.59 by 11am as a weaker dollar made the shiny cousins much more attractive. [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver and gold prices rose slightly in early trading Monday, but those gains were quickly erased as a rebounding dollar forced gold down below the psychological support level of $1,100 an ounce to close at $1,092.30 in New York, and silver dropped below the crucial $17.00 level to [...]
Tuesday, June 8, 2010