The European (and in fact, the global) financial crisis is far from over and will continue to influence the precious metals (and industrial sector) for some time to come. Whether silver will react positively or negatively over the long-run still remains to be seen.
When ETFs were first introduced to the marketplace a decade ago, they opened up a whole new world of investment opportunities. Now New York-based Global X Funds has extended those opportunities even further. Tuesday, Global X launched the world’s first silver miner exchange-traded fund, Global X Silver Miners ETF (SIL).
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.
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 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 Monday brought positive price actions in precious metals as gold and silver climbed to seven-week highs on a falling dollar and commodities rally fueled by economic optimism. Growing sentiment of economic recovery in the markets was boosted by promising global manufacturing reports, specifically out of China, the U.K., [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver hit a 10-week low Monday dropping as low as $12.43 an ounce on a stronger dollar, weaker copper and lingering economic concerns. Dollar strength has an adverse effect on inflation-hedging; fears in the industrial sector also dampen investor appetite for silver. “There had been [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price fell yesterday on profit taking and rising equities as risk appetite re-entered the markets with renewed optimism over economic recovery. The markets reacted well to the U.S. government’s plan to purge toxic assets from the banks, which lent strength to hopes such actions will revive [...]
Thursday, April 29, 2010