By Melissa Pistilli-Exclusive to Silver Investing News The price of silver closed at $10.16 in New York on Wednesday, touching a high of $10.57 in early morning trade Thursday. A weaker dollar and gains in commodity prices helped to stir speculation that future inflation may be on the cards. The surge in price has recharged [...]
By Melissa Pistilli-Exclusive to Silver Investing News It’s not a surprise to most that the U.S. mining industry has not been immune to the ravages of the current global economic crisis. Hard-rock miners, including silver companies, have been especially hard hit as metal prices crumble and production costs soar. Faced with crippling profit losses, many mining companies [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Tuesday, shares of MAG Silver Corp. [TSX: MAG] [NYSE-A: MVG] climbed 13 per cent after the world’s biggest primary silver producer, Fresnillo PLC announced its takeover offer for the Vancouver-based junior miner. The senior silver producer is offering MAG US$4.54 a share for complete ownership. Earlier this [...]
By Melissa Pistilli-Exclusive to Silver Investing News Like many commodities heading into the traditional Thanksgiving slowdown, silver is holding steady. Silver ended the day Wednesday at $10.27/oz. The next upside target for the precious metal is $11.09 with a key resistance level at $10.46 and a key support level at $9.15, says Crown Forex. Trading [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver rallied in early morning trading Monday in reaction to dollar weakness and increased insecurity in the markets. After closing Friday at $9.64/oz in New York, silver reached as high as $10.60 this morning. Mark O’Byrne, Executive Director at Gold & Silver investments lists weakness [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver has managed to remain above the crucial psychological $9/oz level for the past week, holding steady above $9.20/oz. Chintan Karnani of Insignia Consultants believes Friday’s close was significant for both precious metals. “Technically, gold and silver are in a neutral zone with a slightly bullish bias,” he [...]
By Melissa Pistilli-Exclusive to Silver Investing News Increasing trepidation in the markets brought on by the reality of recession has sent precious metals and commodities prices tumbling this week. The current drops have “nothing specific” to do with gold and silver, said Dave Rinehimer, one of the directors with Citigroup Global Markets. “It’s just renewed weakness [...]
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 Although October proved to be a brutal month for investors and the mining industry, there are promising indicators giving hope to some that the worst has passed for the precious metals sector and we may soon be on the road to recovery. The dollar highs oppressing precious metals prices [...]
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