The Silver Institute’s World Silver Survey 2009, compiled by independent research house GFMS Ltd, record an outstanding silver hedge book of 1,698 tonnes at the end of 2008, a dip of 175 tonnes over the year. For full story, click here
Hochschild has hedged around 46 per cent of forecast silver production for 2009. For full story, click here
By Kishori Krishnan Exclusive to Silver Investing News Is silver set to follow gold in these days of economic meltdown? Analysts maintain that with the fundamentals being sound, silver prices could shadow gold prices mainly due to investment demand and ratio play. A 2009 silver forecast report from Mumbai-based Commtrendz Risk Management Services reports that [...]
It is clear that over time gold, silver and inflation rise. In that way they do correlate? There is no evidence that gold prices, or silver for that matter, correlate to inflation. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News Tuesday was another bleak day for those in the mining industry, especially for those stocks listed on the commodities-heavy TSX. After dropping over 7 per cent on Monday, the diversified metals index lost another 5+ per cent. There are still some die hard bulls, however, who have managed to maintain [...]
By Melissa Pistilli – Exclusive to Silver Investing News Silver futures for December delivery tumbled as low as US$10.21 on Thursday, the lowest price for the precious metal since June 28, 2006, as the dollar climbed to its highest level in a year. Silver was not the only casualty of the dollar’s comeback; [...]
Bloomberg.com reports silver fell to its lowest since 2006. Silver futures for December delivery plummeted 82.5 cents, or 7 percent, to $10.89 an ounce. Earlier, the price touched $10.81, the lowest since Oct. 5, 2006. Silver has fallen 27 percent this year, while gold has dropped 9 percent. The declines today were the biggest since [...]
Wednesday, May 13, 2009