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 [...]
By Melissa Pistilli-Exclusive to Silver Investing News For silver, 2008 was a record year as the precious metal hit $21.34/oz in March and managed to maintain a healthy level until the current global economic crisis sent investors pouring from the market in the fourth quarter. Since September, I have heard some of the most respected [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver climbed further Monday reaching as high as $12.27/oz. Analysts expect the precious metal to rally further as long as $11.26 support holds. The next level of resistance to watch is $12.80, which may clear the way for an advance towards $13.88. According to the Oil N’ Gold [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver has experienced some volatile price actions over the last few weeks and is looking more bullish than gold. Both precious metals are benefitting from what analysts and traders like Matt Zeman of LaSalle Futures are calling “a general return to risk appetite.” A weaker dollar and a [...]
By Kishori Krishnan Exclusive to Silver Investing News Renewed investor interest in silver, which began in earnest in 2004 and continues today, has ensured that silver price, per ounce, in 2008, averaged a strong $14.98, a nearly 12 per cent increase over the 2007 average price of $13.38; the best average annual price since 1980. [...]
Tuesday, March 24, 2009