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 [...]
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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; [...]
By Melissa Pistilli – Exclusive to Silver Investing News Silver prices continue to drop as funds keep liquidating commodities holdings in reaction to falling oil prices and a stronger dollar. The precious metal has experienced much sharper declines than gold due to a more volatile market. Crude prices lost over US$2 to fall below US$105 [...]
By Melissa Pistilli – Exclusive to Silver Investing News The sixth annual Silver Summit, dubbed the world’s premiere silver investment conference, will be held between September 18-19 in Coeur d’Alene, Idaho. Silver enthusiasts from all over the world will gather in this lakeside resort town to discuss “silver mining, silver stocks, silver investments, silver strategies, [...]
By Melissa Pistilli – Exclusive to Silver Investing News Despite setbacks this last month, the long term outlook for precious metals is still bullish given rising inflation concerns, increasing physical demand, and rising geopolitical tensions. In recent days, a weakened dollar and rising oil prices have led to gains in gold and silver. This morning [...]
By Melissa Pistilli – Exclusive to Silver Investing News Silver experienced a short rally on Wednesday, climbing 36 cents to $14.85/oz, as the dollar fell from a six month high against several other currencies, oil rose slightly, and U.S. equities traded lower. But, in New York late yesterday silver lost those gains and much more [...]
By Melissa Pistilli – Exclusive to Silver Investing News Several forces are colluding right now to depress the silver price. Major reasons cited for the downturn are the dollar’s rise, the crude oil price tumble, and rebounds in the US equities market, which have made precious metals less attractive as a hedge against inflation. On Friday, the dollar experienced its [...]
By Melissa Pistilli – Exclusive to Silverinvestingnews.com I don’t know what pains me more: my trip to the dentist this morning or silver tumbling down to $16.46/0z. Silver started the week in a state of duress closing yesterday at $16.89/oz. Monday, the dollar climbed to a seven-week high against several major currencies, which in turn [...]
By Melissa Pistilli – Exclusive to SilverInvestingNews.com It’s been a pretty slow and uneventful last few days, typical for this time of year in the resource sector. Activity on the precious metals front has been relatively quiet. Silver experienced a very modest rise to close at $17.49/oz on Monday over concerns of a chance rebound [...]
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