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 On Monday, gold‘s losses and the rebound in equities halted silver’s four-day rally. A stronger U.S. stock market drew investors out of precious metals into the equities markets as the appetite for risk improved. “Safe-haven flows seem to have ebbed out of the gold market,” said Jon Nadler, [...]
By Melissa Pistilli-Exclusive to Silver Investing News According to many precious metals analysts, including Gold and Silver Investments’ Mark O’Byrne, tightness in the physical silver market “appears to be deepening.” O’Byrne points to the recent 10 per cent drop in merely a few days in the COMEX Dealers Silver Inventory. If such drawdowns continue, it [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver bull has jumped into this week on a strong start with the price of silver trading between $13.61/oz and $13.92/oz. Analysts predict the silver price will continue its upside action towards $14.30/oz areas if a break above $13.86/oz can be maintained. Bullish sentiment resounds strongly through [...]
By Melissa Pistilli-Exclusive to Silver Investing News Despite mixed actions in the silver price over the last week, market analysts remain confident silver is on an upward trend. No new stimulus plans out of China, central banks slashing interest rates, and depressing job loss numbers out of the US are all signs that the global [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price has rallied over the last four weeks as the reality of a worsening recession begins to sink in for investors. Although silver is outperforming gold in the precious metals market-rising four times as fast as gold-it is “currently trading at a lower absolute price per [...]
By Melissa Pistilli-Exclusive to Silver Investing News So far, February has been a good month for silver as it climbs more than a US$1 since the beginning of the month, putting in its biggest gains Wednesday morning. On Friday, the precious metal closed at $13.13/oz only to fall to $12.88/oz Monday on profit taking. Tuesday’s [...]
By Melissa Pistilli-Exclusive to Silver Investing News Fresnillo Plc has asked the Ontario Securities Commission to review MAG Silver’s [TSX: MAG] decision to halt valuation proceedings. The Mexican mining giant is calling the suspension “an inappropriate delaying tactic” towards its takeover bid. In December, the world’s largest primary silver producer announced a $4.54 a share [...]
By Melissa Pistilli-Exclusive to Silver Investing News The global credit crunch is forcing mining companies to turn away from skittish banking institutions to public offerings to raise the money needed for acquiring new properties, advancing projects and paying off debts. Recently, a slew of precious metals producers have decided to take advantage of rising investor [...]
Tuesday, June 30, 2009