When ETFs were first introduced to the marketplace a decade ago, they opened up a whole new world of investment opportunities. Now New York-based Global X Funds has extended those opportunities even further. Tuesday, Global X launched the world’s first silver miner exchange-traded fund, Global X Silver Miners ETF (SIL).
By Melissa Pistilli-Exclusive to Silver Investing News Silver spot prices tracked gold lower last week after a bullish run that saw both stocks and commodities in general boosted by a return to risk appetite in the market as investors became increasingly optimistic economic recovery is becoming a reality. Precious metals have especially benefitted from a [...]
By Melissa Pistilli-Exclusive to Silver Investing News After taking a dive earlier this week as confidence rushed into the equities market, the silver price rallied to a three-week high, up 12.7 per cent to $13.44/oz on the COMEX on Thursday morning, out-performing gold. Silver and gold prices are riding high after the Fed’s surprising announcement [...]
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 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 [...]
(Oct 7th)The world’s largest primary silver producer, Fresnillo plc reports it acquired a further 2,512,600 common shares of MAG Silver Corp at a price of CDN$5.00 per share. These shares, together with shares already owned by Fresnillo plc total 9,314,877 or approximately 18.95% of MAG Silver’s common shares outstanding, based on MAG Silver’s public disclosure. For full [...]
MAG Silver Corp. reports assay results from an ongoing drill program on Cinco de Mayo property, Chihuahua State, Mexico. Holes 08-40, 44, 46, 48 and 52 all intercepted strong silver, lead, zinc and gold (see Hole 08-48 below) mineralization characteristic of the Jose Manto. Holes 08-48 and 08-52 show significant gold values, with 08-48 reporting 1.50 metres [...]
MAG Silver Corp. reports the Company’s unaudited financial results for the six month period ending June 30, 2008. The Company’s cash position at June 30, 2008 was approximately $64.8 million. All amounts herein are reported in Canadian dollars unless otherwise specified. The Company’s cash is all invested with the Royal Bank of Canada in guaranteed investment [...]
Tuesday, April 20, 2010