By Melissa Pistilli-Exclusive to Silver Investing News Most analysts have attributed the latest rally in precious metals prices to rising inflation concerns brought on by a weakening dollar. What’s supporting these inflationary fears? At first the amount of paper money being pumped into the financial system by governments trying to prop up their flailing economies [...]
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 Last week, the spot price of silver hit a 10-week low; however, spot prices began to recover later in the week as a faltering dollar and higher oil prices boosted its safe-haven appeal. Silver had a pre-summer doldrums rally on June 3, almost doubling its October 2008 low, [...]
Impacted by the current slowdown and overall state of the global economy, the silver market has moved into extremely unusual territory over the last year. For full story, click here
Commodities rose, led by precious metals, on speculation that the Federal Reserve’s steps to revive the U.S. economy will led to an increase in demand for raw materials as a hedge against inflation. Silver headed for the biggest gain since 1979. Frank McGhee, head dealer at Integrated Brokerage Services LLC in Chicago, said: We’ve got [...]
Silver prices are carrying on their steady march upward, but a local metals expert has predicted that base metals prices will remain stagnant until the global economy rights itself. Jerome Bunde, a stockbroker with Pennaluna and Co. in Wallace, stated: The good thing about it is the silver prices are on an upswing and it’s [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price took a hit yesterday to close at $13.76/oz, well below Monday’s close of $14.41. The dip was not that unexpected to many analysts who listed three major reasons for silver’s decline in the market Tuesday: reassuring testimony from Federal Reserve Chairman Ben Bernanke; normal market [...]
By Kishori Krishnan Exclusive to Silver Investing News Is silver set to follow gold in these days of economic meltdown? Analysts maintain that with the fundamentals being sound, silver prices could shadow gold prices mainly due to investment demand and ratio play. A 2009 silver forecast report from Mumbai-based Commtrendz Risk Management Services reports that [...]
Silver futures declined for the 3rd straight day on concern that the fall in the global economy will damp demand for commodities. Silver futures for December delivery fell 68 cents to $8.80 an ounce. For full story, click here
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