Silver made moderate gains today, regaining some of the ground lost on Tuesday after the pull back from the $41.37 per ounce high. The price of silver is mostly driven by continuing factors of loose monetary policy and inflationary fears. Concern is mounting in the market that precious metals are over valuated and are set to fall.
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 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 [...]
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