By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices are on a tear this week with gold reaching over the psychologically important $1,000 an ounce mark, the first time in six months, and silver hitting a 13-month high of $16.80 an ounce on Tuesday. Both gold and silver are reacting to inflation fears and [...]
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 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 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 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 Did you see silver drop as low as $9.35/oz today? And the Dow briefly fall below 8,000? Some of you may be wondering, “As the markets plunge at a devastating pace, why is the price of a safe haven commodity like silver not soaring through the roof?” I [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver gained 84 cents on the NYME yesterday in reaction to the Treasury’s US$700 billion bailout of the financial sector. As more and more retail, mortgage and investment banks fail, are taken over or nationalized, investors are becoming increasingly leery of paper [...]
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 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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