Commodity Online(Editorial) reports silver gained as commodities showed mixed start with the announcement of rescue plans to the ailing banks. Silver rose 42 cents to open at $10.60 per ounce, while platinum and palladium showed modest gains – the former adding $5 to $992 and the latter gaining $7 to $196 per ounce. Analysts look [...]
Greystar Resources reports that drilling has returned 16.64 grams gold and 116.8 grams silver per tonne over 6.1 metres in the Los Laches area, Colombia. Greystar anticipates that with the near completion of the infill program, the number of drills will be reduced at the end of September, with some drills being left to do geotechnical, hydrogeology [...]
Apoquindo Minerals reports that its wholly owned subsidiary, Minera KoriTambo SAC, has initiated drilling at its Huarman gold-silver prospect, Department of Ancash, Peru. The initial drilling has been concentrated within an east-dipping tabular polymictic volcanic breccia which crops out along a 500 meter strike length. This silicified and phyllically altered breccia exhibits high sulfidation characteristics. Previously reported [...]
Reuters reports silver fixes at 1077.00 cents on AIG rescue. Spot silver gains 32 cents from its nominal close in New York on Tuesday at $10.76/10.81 an ounce. * Forward rates on Reuters pages indicated at 2.82, 2.86, 2.76, 2.75 and 2.74 percent for one, two, three, six and 12 months respectively. For complete story, [...]
Get our independent commentary on silver trends and companies delivered to your inbox.
