Bloomberg.com reports gold fell as well as silver as the dollar climbed against the euro. Silver futures for December delivery fell 27.5 cents, or 2.1 percent, to $12.87 an ounce on Comex. Before today, silver fell 12 percent this year, while gold dropped 3.3 percent. For full details of this story, click this link. Silver Follow developments [...]
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 [...]
By Melissa Pistilli – Exclusive to Silver Investing News Although the price of silver has seen an almost 40 per cent drop recently, holdings in New York’s iShares Silver Trust, the largest silver-backed exchange-traded fund, have soared 308.839 to a record 6,474.04 tonnes of average 1,000 oz silver bars since August 15. That silver ETF has consistently seen more buying [...]
Bloomberg.com reports silver declined while gold fell on speculation with an overdone 5.2 percent rally. Last week’s gain, the most since July 2006, followed a five-week slide. The metal has dropped 20 percent from a record $1,033.90 an ounce in March, partly because the dollar has rebounded from an all-time low against the euro. For complete story, [...]
By Melissa Pistilli – Exclusive to Silver Investing News Silver experienced a short rally on Wednesday, climbing 36 cents to $14.85/oz, as the dollar fell from a six month high against several other currencies, oil rose slightly, and U.S. equities traded lower. But, in New York late yesterday silver lost those gains and much more [...]
By Melissa Pistilli – Exclusive to Silver Investing News Several forces are colluding right now to depress the silver price. Major reasons cited for the downturn are the dollar’s rise, the crude oil price tumble, and rebounds in the US equities market, which have made precious metals less attractive as a hedge against inflation. On Friday, the dollar experienced its [...]
Reuters reports silver fell about 5 percent in Europe with losses in gold while the dollar firmed to a five-month high against the euro losing its appeal for precious metals. Spot silver hit a session low of $15.38 an ounce, before recovering to trade at $15.42/15.47 an ounce at 1352 GMT, against $16.14/16.23 late in New York on Thursday. [...]
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