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 [...]
RBC Capital Markets cut Canada’s Silver Bear Resources Inc to sector perform from outperform, on account of slow progress at the company’s Russian mining project. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver suffered further losses Tuesday as equity markets recovered from three days of decline, dampening interest in precious metals. Silver fell 3.1 percent and gold dropped 2.2 percent as North American stock markets rallied. The Dow picked up 379.44 points (5.8 percent), the S&P 500 [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Tuesday, the silver price hit its lowest level in nearly a month as the equities market rebounded. The S&P 500 Index rose 1.5 per cent. “Another sector rotation could take place with speculative funds abandoning safe-haven assets to pile into oversold equity markets,” said Jon Nadler, senior [...]
By Melissa Pistilli-Exclusive to Silver Investing News Although the markets suffered further declines, safe-haven silver fell as low as $12.70/oz on Monday morning. Analysts, like Michael Gross with OptionSellers.com, are attributing this latest price dip to profit-taking by hedge funds and speculators looking to make up their losses and meet margin calls in other areas [...]
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 experienced some volatile price actions over the last few weeks and is looking more bullish than gold. Both precious metals are benefitting from what analysts and traders like Matt Zeman of LaSalle Futures are calling “a general return to risk appetite.” A weaker dollar and a [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver rose as high as $10.70/oz in New York on Monday, following gold’s lead. Silver may be able to reach $12.20/oz in the short term if it can break $11.00/oz. The precious metals have been benefitting from a weaker dollar and gains in equities and [...]
By Melissa Pistilli-Exclusive to Silver Investing News Coming out of the Thanksgiving holiday weekend, precious metals prices experienced heavy drops in light of certain economic factors. Silver and gold were both under pressure from a firm dollar, falling oil prices, and grim global economic news. The silver quote tumbled as low as $9.15 Monday from [...]
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 [...]
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