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 [...]
By Melissa Pistilli-Exclusive to Silver Investing News After teasing a high of $17.60 an ounce Friday morning and later falling below $17, silver managed to close at $17.13 in New York. Gold managed to stay above $1100 to close at $1115.10 an ounce. Both precious metals were reacting to a stronger dollar on better than [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices have suffered deep blows in recent trading days as investors fret over the direction of possible interest rate moves and the dollar. “We are seeing liquidation from a lot of fast money that had jumped into gold on the premise that they want to diversify [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices suffered a slight setback Friday on news that two Dubai state-owned firms have had to delay billions of dollars in debt payments, which sent equities and commodities markets reeling. Investors sold off silver and gold to cover their losses. Silver hit a two-week low of [...]
By Melissa Pistilli-Silver Investing News Precious metals prices have continued their upward trend with gold flirting with $1200 an ounce and silver hinting it may reach $19 an ounce before the year is out. Silver prices for 2009 have risen like a phoenix from the financial ashes mainly on the winds of strong investment demand. [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices have performed miracle feats the last few weeks, rising higher and higher to set new records as the US dollar suffers further blows, inflation in North America shows real signs of rising, and economic data out of Asian markets points toward fresh industrial demand. Silver’s [...]
By Melissa Pistilli-Exclusive to Silver Investing News Gold is riding high on dollar weakness, increased risk appetite and inflation fears bringing its price per ounce above $1,100. Silver has come along for the ride, but hasn’t managed to hold a break over the $18 level. Concerns over sluggish industrial demand for base metals in general [...]
By Melissa Pistilli-Exclusive to Silver Investing News Despite gold‘s stellar performance, the silver price seems to be uncharacteristically lagging its yellow cousin in performance, bringing the gold/silver ratio to nearly 64:1 the last week in October. The drag on silver can be attributed in part to normal seasonality and downward pressure on industrial metals. Those [...]
By Melissa Pistilli-Exclusive to Silver Investing News After posting continued gains Monday morning, commodities prices fell across the board in the afternoon as the dollar bounced back from last week’s 14-month low against the euro. The silver spot price had touched $17.80 an ounce before dropping as low as $16.98 to finally close down 3.4 [...]
By Melissa Pistilli-Exclusive to Silver Investing News We’ve seen silver spot prices flirting with $18 an ounce for a few weeks now and according to James Burbage III, President of Lloyds Asset Management, we could see silver hit $23 before the end of this year. “Silver has been the sleeping giant that’s being awakened by [...]
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