Silver prices broke the $30 mark for the first time in nearly a month. Fueled by a weaker dollar and successful bond auctions in Italy and Spain, the price of silver may be heading higher still.
Despite the recent drop in gold and silver prices in the international markets, prices for precious metals in India still remain at a premium and buyers are holding out for cheaper prices, stunting demand.
Many companies are looking at Turkey as a potential bonanza of natural resources with the exploration and development companies looking to uncover the country's untapped mining potential.
Concerns over the state of the European economy are prompting investors to seek liquidity and move away from precious metals like silver.
Argentina is South America’s second largest economy and ranks 10 on The Silver Institute’s list of top silver producing countries in the world. In 2010, Argentina produced 20.6 million ounces of silver.
Silver suffered a sharp setback in early trading Monday as the market reacted to the Bank of Japan’s move to devalue the yen. Investors and traders will be monitoring the actions of other central banks, such as China which many anticipate will loosen its monetary policy by the end of the year.
Silver Investing News readers are intrigued to down right passionate when it comes to the topic of silver price manipulation. In a recent survey, we asked the question, “Do you believe the silver market is rigged?” to which an eye-popping 66 percent responded, “Yes!”
While supporters of the new CFTC rule expect it to prevent large firms from taking too large positions in commodities and causing inflated prices, there are those who caution that it will only push commodities investors to markets outside of the United States.
The tumultuous global economic climates have been weighing down on the price of silver.
Critical Elements Corporation (TSXV:CRE) and Blue Note Mining Inc. (TSXV:BNT) are pleased to announce results from the first five holes of a recently completed eleven hole diamond drill program at the Croinor project, located near Val d'Or, Quebec.
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