ABC News reports that Copper and silver prices are climbing as a strong economic report is sparking hope that demand for industrial metals will grow next year.
The European (and in fact, the global) financial crisis is far from over and will continue to influence the precious metals (and industrial sector) for some time to come. Whether silver will react positively or negatively over the long-run still remains to be seen.
By Melissa Pistilli-Exclusive to Silver Investing News Despite gold‘s stellar performance, the silver price seems to be uncharacteristically lagging its yellow cousin in performance, bringing the gold/silver ratio to nearly 64:1 the last week in October. The drag on silver can be attributed in part to normal seasonality and downward pressure on industrial metals. Those [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Monday, silver closed up at $17.76 an ounce, while gold ended the day at $1057.50 an ounce. Further dollar declines and inflation concerns are helping to propel not only precious metals prices but base metals like copper as well, which closed at $2.8330 per pound. Increased inflation [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price fell almost 6 per cent on Monday to its lowest level this month at $13.82 an ounce. The dip came as traders pulled out of the commodities and equities sectors and poured into the dollar on fears that economic recovery is still a ways off. [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver spot price closed down 1.63 per cent Monday to $13.89 an ounce as gold dropped on a positive dollar. The markets are expected to be mixed during the week with a quiet Friday as both US and Canadian markets close for holidays and the start of [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price was on quite a tear this last week. Ending the month of May up 27 per cent, the white metal posted its largest monthly gains since 1987. However, after reaching a 10-month high of $16.25 in overnight trading, silver’s rally ended as prices began to [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver along with other commodities rallied overnight on news of China’s $586 billion stimulus package intended to aid in boosting domestic demand. Silver price benefitted from a rising gold price spurned on by a dollar under pressure, as well as from the boost in base metals such as copper. [...]
By Melissa Pistilli-Exclusive to Silver Investing News In the view of the many silver bulls, the precious metal is back on track towards regaining its historical role as a hedge against inflation. As the global financial crisis deepens, silver may soon be tested as inflation is projected to soar. At the third annual London Silver [...]
By Melissa Pistilli-Exclusive to Silver Investing News Since hitting the skids on October 10, the price of silver has edged higher to close at $10.96 in New York. No doubt the precious metal has had some help from the bounce in the equities and commodities markets this week. Indexes in North America, Europe and Asia [...]
Friday, December 17, 2010