By Melissa Pistilli-Exclusive to Silver Investing News The silver price was on quite a tear this last week. Ending the month of May up 27 per cent, the white metal posted its largest monthly gains since 1987. However, after reaching a 10-month high of $16.25 in overnight trading, silver’s rally ended as prices began to [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Monday, gold‘s losses and the rebound in equities halted silver’s four-day rally. A stronger U.S. stock market drew investors out of precious metals into the equities markets as the appetite for risk improved. “Safe-haven flows seem to have ebbed out of the gold market,” said Jon Nadler, [...]
CMC Metals Ltd. has declared release of the surface trench sample results from the TM pit. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News The latest events affecting short-term silver spot price fluctuations have come out of China and Mexico. Silver was trading higher Monday morning on news that China has been actively increasing its gold reserves and that the swine flu outbreak in Mexico has spread further North into the U.S., [...]
Silver futures declined as a rebound in U.S. equities eroded demand for precious metals as alternative investments. For full story, click here
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 Precious metals prices are seemingly locked in a “risk aversion/appetite tug-of-war” as the market reacts to ups and downs in the financial outlook as well as profit taking, say analysts. Gold and silver prices suffered last week as optimism over the global economy rose following the G-20 Summit, [...]
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 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 The silver price took a hit yesterday to close at $13.76/oz, well below Monday’s close of $14.41. The dip was not that unexpected to many analysts who listed three major reasons for silver’s decline in the market Tuesday: reassuring testimony from Federal Reserve Chairman Ben Bernanke; normal market [...]
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