Silver Price Tracks Gold Lower
Silver is showing it’s still very much tied to gold, tracking the yellow metal down on price chopping news out of China, the oil trade and the currency markets.
Articles Tagged "euro"
Greek Financial Crisis Weighs on Silver
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices are taking heavy hits in the recent week from continued European economic woes that are helping to support the dollar. On Wednesday, silver prices plunged threatening a breakdown once again through the $15 an ounce support level as volatility in global currency markets spilled over [...]
Safe Haven or Just Plain Vanilla?
By Melissa Pistilli-Exclusive to Silver Investing News Currency markets are continuing to influence precious metals prices this week as gold and silver post gains after falling to new lows the past weeks. On Monday, gold managed to hold the critical $1100 an ounce level and silver traded sideways to close at $15.52 an ounce. Tuesday, [...]
Silver Takes Cues From Copper
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 [...]
Silver Price Tied to Dollar’s Fate
By Melissa Pistilli-Exclusive to Silver Investing News Uncertainty over the future of the U.S. dollar and the global economy in general is understandably creating volatility in precious metals prices. After a close of $13.34/oz in New York on Friday, silver has started the week down as low as $12.99 on Monday. CrownForex analysts mark the [...]
Silver Price to Bloom in Spring
By Melissa Pistilli-Exclusive to Silver Investing News Silver climbed further Monday reaching as high as $12.27/oz. Analysts expect the precious metal to rally further as long as $11.26 support holds. The next level of resistance to watch is $12.80, which may clear the way for an advance towards $13.88. According to the Oil N’ Gold [...]
Silver prices decline as dollar rises
MSN Money reports silver prices fell as the dollar rised with elevated concerns that demand for commodities may drop off as well as the revised bail-out crisis in the US. Silver futures for December delivery fell by $1.65 to $11.12 an ounce on the New York Mercantile Exchange. After the Senate voted to approve a revised $700 billion financial [...]
Gold rebounds as Dollar weakens against Euro; silver advances
Bloomberg.com reports while gold rebounds on a weaken dollar against euro, silver rises. Silver futures for December delivery rose 15.5 cents, or 1.5 percent, to $10.71 an ounce on the Comex. A close at that price would leave the metal down 13 percent this week. Before today, silver fell 29 percent this year, while gold [...]
Silver slips on dropping oil
By Melissa Pistilli – Exclusive to Silver Investing News Silver prices continue to drop as funds keep liquidating commodities holdings in reaction to falling oil prices and a stronger dollar. The precious metal has experienced much sharper declines than gold due to a more volatile market. Crude prices lost over US$2 to fall below US$105 [...]
Gold falls as dollar strengthens; silver drops to one-year low
Bloomberg.com reports silver fell to its lowest in a year while gold fell as the dollar strengthened. The dollar gained against the euro even as reports showed the U.S. unemployment rate rose to a five-year high last month and foreclosures in the second quarter accelerated to the fastest pace in three decades. Gold has declined [...]
