JP Morgan Covering Silver Short Position
The National Inflation Association reports that JP Morgan has now admitted to having manipulated silver price and is taking steps to reduce it.
Articles Tagged "london"
Gold, silver sink on China worry
Economic Times reports that Gold fell in New York as China may raise interest rates curbed demand for bullion.
ETFS Silver Trust Assets Over $1bln
ETFS Silver Trust, a U.S. exchange-traded product has run by London’s ETF Securities, is expected to hold assets of more than $1 billion over the next six to 12 months. For full story, click here
ETFS Silver Trust is expecting Silver Trust Assets Over $1 bln
ETFS Silver Trust, a U.S. exchange-traded product run by London’s ETF Securities, is expected to hold assets of more than $1 billion over the next six to 12 months. For full story, click here
Silver Stocks have taken a trashing
London-listed Mexican miner Fresnillo’s market value advanced from USD 1.1bn during the darkest hours of November 2008 to a peak of USD 8.7bn in the very early days of June 2009. Since then, there has been some kind of a trashing. For full story, click here
European Silver ETF’s holdings surged 3 mln Oz In May
Holdings of Europe’s two major silver exchange-traded funds, run by ETF Securities in London and Zurich Cantonal Bank in Switzerland, surged by a combined 3 million ounces in May, data released by the two banks showed. For full story, click here
ETF Securities Silver ETC holdings surged to record
ETF Securities have declared that it inflows of 378,000 ounces into its London silver-backed exchange-traded commodity on Friday, bringing its assets to a record 19.990 million ounces. For full story, click here
Fresnillo mines remained opened, shares off
London listed Mexican silver producer Fresnillo mines were reported to be opened despite the worsening outbreak of swine flu. Octavio Alvidrez, head of investor relations, stated: Fresnillo remains vigilant regarding the outbreak of swine flu. We have taken all appropriate precautionary measures, including postponing all non-essential travel. For full story, click here
Silver prices reached USD 11.94 an ounce
Prices were reported USD 900 an ounce in both New York and London, silver prices reached USD 11.94 an ounce. For full story, click here
Silver touched an intraday low of $9.15
In London, silver touched an intraday low of $9.15 as investors took profits on dollar’s rally. For full story, click here
