By Melissa Pistilli-Exclusive to Silver Investing News Monday, the spot price of silver came under further selling pressure under the weight of a stronger U.S. dollar. Commodities across the board tumbled yesterday on the latest report from the World Bank that the world economy is forecasted to contract 2.9 per cent this year as opposed [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price endured further losses Monday brought on by the impact of a stronger dollar and cuts in crude oil. Precious metals price rallies are usually disrupted by gains in the dollar and easing oil, which reduce safe-haven investment appeal. Dollar strength has hit commodities across the [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver spot prices are suffering in the short-term under pressure from a rebounding dollar and recently diminishing fears over the severity of the economic crisis. Following gold‘s lead, the price of silver dropped 2.5 per cent to close at $14.89 an ounce Monday. The dollar’s continuing gains against [...]
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 After reaching a nine-month high on Friday, the spot price for July silver on the COMEX closed down 8 cents to $14.61 an ounce Tuesday on a rebounding dollar, a slight Wall Street rally and profit-taking. But many industry analysts view this dip as merely a pullback before [...]
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, [...]
By Melissa Pistilli-Exclusive to Silver Investing News As the fundamentals behind the US economy continue to teeter on the edge, gold and silver prices are posting impressive gains. Once again, silver is outperforming gold in its week long price rally that started around $12.50/oz and now flirts with the $14.00 level. Last week, gold rose [...]
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., [...]
First Majestic Silver (TSE:FM) reported today that they produced over one million ounces of silver in the first quarter of 2009. Overall head grade across FM’s three mines in Mexico increased to 222 grams per tonne of silver, increasing from 207 g/t Ag in the last quarter of 2008. Recoveries are expected to increase significantly [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver on the COMEX lost nearly 4 per cent last week to close at $11.89 on Friday, following gold’s decline to its lowest level in nearly three months. Investor confidence in economic recovery pushed equities up and precious metals down. The markets are operating under an influence of [...]
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