Greystar Resources Ltd. (TSE:GSL) announces that drilling on the northern margin of the proposed pit shell of the multi-million ounce Angostura deposit has returned some of the encountered to date.
Goombarhsedge.blogspot.com reports Silver is definitely rising rapidly, and outpacing the rise of the Gold price.
Financialpost.com reports that existing fundamental demand for silver makes it better protected.
Alongside gold’s recent record highs, the demand for precious metals as an asset class has helped propel the price of silver to 30-year highs. Many analysts are concerned the price is trading off momentum and not off fundamentals. However, a major firm has raised their price target even higher.
Tarsis Resources Ltd. (CVE:TCC) reports assay results from its completed diamond drilling program at MOR property, southern Yukon. Two holes totaling 443.83 meters were drilled by Top Rank Diamond Drilling under the supervision of Archer Cathro & Associates (1981) Limited. Drilling intercepted massive, semi-massive and heavily disseminated sulphides. For complete news release, click here. For Tarsis company profile, click [...]
While the price of silver followed gold up and up this month, teasing analysts and investors with hopes of breaking past $20 an ounce, the sometimes precious sometimes industrial metal fell hard the past two days.
When precious metals prices got a boost from the dollar’s losses Monday, silver shot up nearly 3 percent while gold barely moved up less than a quarter percent from Friday. Silver’s industrial side is partly responsible for its continued outperformance of gold in the precious metals market.
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.
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, [...]
By Melissa Pistilli-Exclusive to Silver Investing News As was to be expected, action in the precious metals markets was rather slow over the holiday week. Gold saw little movement, while silver actually posted a few gains last week as the US dollar weakened. We can expect trading to remain light through New Year’s, however any [...]
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