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 [...]
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 Silver along with other commodities rallied overnight on news of China’s $586 billion stimulus package intended to aid in boosting domestic demand. Silver price benefitted from a rising gold price spurned on by a dollar under pressure, as well as from the boost in base metals such as copper. [...]
By Melissa Pistilli-Exclusive to Silver Investing News In the view of the many silver bulls, the precious metal is back on track towards regaining its historical role as a hedge against inflation. As the global financial crisis deepens, silver may soon be tested as inflation is projected to soar. At the third annual London Silver [...]
Thursday, December 4, 2008