A strong US dollar did not hamper silver prices on the day. Silver and gold prices are benefiting from the political tensions with Iran that are driving up the price of oil. Silver and gold are once again acting as a risk asset as sustained high oil prices increase the likelihood of a recession.
Oil Investing News reports the unexpected wave of popular uprisings that have swept over the Middle East and North Africa (MENA) has shocked the rest of the world.
Silver is showing it’s still very much tied to gold, tracking the yellow metal down on price chopping news out of China, the oil trade and the currency markets.
By Melissa Pistilli – Exclusive to Silver Investing News Silver prices continue to drop as funds keep liquidating commodities holdings in reaction to falling oil prices and a stronger dollar. The precious metal has experienced much sharper declines than gold due to a more volatile market. Crude prices lost over US$2 to fall below US$105 [...]
By Melissa Pistilli – Exclusive to Silver Investing News After dropping more than $7 in the last month, the price of silver has shown some signs of a comeback this week. On Thursday, silver futures for December delivery climbed 69 cents to $13.84/oz, its largest gain for a most-active contract since 2006. Commodities have posted [...]
By Melissa Pistilli – Exclusive to Silver Investing News Like many of you, watching the price of silver nose-dive over the last few weeks has left me wondering if we are witnessing the end of the commodities boom, as oil, gold and silver prices square off. Just when I thought silver could not possibly go any lower, imagine my [...]
Bloomberg reports silver also gained as oil prises boosted precious metals. Silver futures for September delivery climbed 21.5 cents, or 1.2 percent, to $18.415 an ounce on Comex. Before today, silver gained 22 percent this year, while gold climbed 14 percent. For complete story, click this link. Follow developments in silver mining and exploration for free. [...]
Get our independent commentary on silver trends and companies delivered to your inbox.
