By Melissa Pistilli-Exclusive to Silver Investing News According to many precious metals analysts, including Gold and Silver Investments’ Mark O’Byrne, tightness in the physical silver market “appears to be deepening.” O’Byrne points to the recent 10 per cent drop in merely a few days in the COMEX Dealers Silver Inventory. If such drawdowns continue, it [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices are seemingly locked in a “risk aversion/appetite tug-of-war” as the market reacts to ups and downs in the financial outlook as well as profit taking, say analysts. Gold and silver prices suffered last week as optimism over the global economy rose following the G-20 Summit, [...]
By Melissa Pistilli-Exclusive to Silver Investing News With all the economic uncertainty and the constant up/down movement in the markets, some confusion in the precious metals market is expected. Today’s silver price actions were no exception. Despite the same-day drop in equities, precious metals prices experienced heavy losses Monday with silver falling to about $12.10 [...]
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 [...]
By Melissa Pistilli-Exclusive to Silver Investing News After taking a dive earlier this week as confidence rushed into the equities market, the silver price rallied to a three-week high, up 12.7 per cent to $13.44/oz on the COMEX on Thursday morning, out-performing gold. Silver and gold prices are riding high after the Fed’s surprising announcement [...]
By Melissa Pistilli-Exclusive to Silver Investing News Advances on Wall Street and Bay Street the last few days have dampened investors’ appetite for the shelter of precious metals. Comforting words from Federal Reserve Chairman Ben Bernanke, who said that the recession could be nearing the end by this year’s close, and positive reports from the [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Tuesday, the silver price hit its lowest level in nearly a month as the equities market rebounded. The S&P 500 Index rose 1.5 per cent. “Another sector rotation could take place with speculative funds abandoning safe-haven assets to pile into oversold equity markets,” said Jon Nadler, senior [...]
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 Melissa Pistilli-Exclusive to Silver Investing News Silver is on a roll. This week the precious metal has soared past a more than five-month high reaching upwards of $14.35 Wednesday morning. Analysts have said if the price can breach $13.88 (which it has and then some), then we could very well see the silver price [...]
By Melissa Pistilli-Exclusive to Silver Investing News The global credit crunch is forcing mining companies to turn away from skittish banking institutions to public offerings to raise the money needed for acquiring new properties, advancing projects and paying off debts. Recently, a slew of precious metals producers have decided to take advantage of rising investor [...]
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