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.
While investment demand will continue to be a driving factor in a healthy silver market, increasing industrial demand is also playing a strong role, according to the Silver Institute’s World Silver Survey 2010, produced annually by research firm GFMS Ltd.
Precious metals prices returned from Easter Break with a bang. Despite the dollar remaining in the green Wednesday, silver took direction from the industrial side of the market and, like gold, rose along with platinum, palladium and copper prices.
The US Commodity Futures Trading Commission says it will hold a public meeting March 25 to investigate claims of manipulation and discuss setting speculation limits in precious metals futures markets.
By Melissa Pistilli-Exclusive to Silver Investing News After closing over $15 an ounce on Tuesday, the price of silver is up about 8 per cent over the past month. In all respects, silver is putting on a bullish display early in the September rally season. On the year, the silver price is up 32 per [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price was on quite a tear this last week. Ending the month of May up 27 per cent, the white metal posted its largest monthly gains since 1987. However, after reaching a 10-month high of $16.25 in overnight trading, silver’s rally ended as prices began to [...]
Hana Mining Ltd. reports an update of corporate activities and exploration at its Ghanzi copper-silver project, Botswana. The property comprises 4,367 km2 in five contiguous licenses in northwest Botswana and covers an area over 150 km long and 40 km wide; this is slightly larger than the entire Zambian Copper Belt that hosts nearly 30% of the [...]
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