Articles Tagged "crude prices"

Silver Prices Take a Hit from Gustav

By Melissa Pistilli – Exclusive to Silver Investing News Silver prices fell more than 5% to $12.68/oz this morning on the heels of tumbling crude prices and a stronger U.S. dollar. Oil is the main driver behind today’s commodity declines, says Frederic Lasserre, head of commodities research at Societe Generale. Oil installations in the Gulf [...]

Has Silver Hit Its Bottom?

By Melissa Pistilli – Exclusive to SilverInvestingNews.com On Wednesday, I expressed my dismay over silver’s steady decline after the big gains I had excitedly witnessed over the last couple weeks. But still, I remain optimistic that the precious metal will rebound from this latest set-back. Obviously, exorbitant prices at the pump do deflate demand and [...]