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 Uncertainty over the future of the U.S. dollar and the global economy in general is understandably creating volatility in precious metals prices. After a close of $13.34/oz in New York on Friday, silver has started the week down as low as $12.99 on Monday. CrownForex analysts mark the [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver bull has jumped into this week on a strong start with the price of silver trading between $13.61/oz and $13.92/oz. Analysts predict the silver price will continue its upside action towards $14.30/oz areas if a break above $13.86/oz can be maintained. Bullish sentiment resounds strongly through [...]
One must compare mining companies’ cost of extraction that is how much money it takes to get an ounce of silver out of the ground. The lower the costs, the higher the profits. For full story, click here
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 Advances on Wall Street and Bay Street the last few days have dampened investors’ appetite for the shelter of precious metals. Comforting words from Federal Reserve Chairman Ben Bernanke, who said that the recession could be nearing the end by this year’s close, and positive reports from the [...]
First Majestic (TSE:FR) annouced today that it’s wholly owned sub, First Majestic Plata, SA de SV., was awarded a Clean Industry Certificate. The certificate was awarded by the Mexican Environmental Authority PROFEPA for the company’s activities at its La Parrilla Silver Mine. The press release states that voluntary audits were submitted for twenty-nine months to demonstrate [...]
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 Despite mixed actions in the silver price over the last week, market analysts remain confident silver is on an upward trend. No new stimulus plans out of China, central banks slashing interest rates, and depressing job loss numbers out of the US are all signs that the global [...]
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