While supporters of the new CFTC rule expect it to prevent large firms from taking too large positions in commodities and causing inflated prices, there are those who caution that it will only push commodities investors to markets outside of the United States.
The silver market is experiencing strong downward pressure along with most of the commodity markets as traders struggle to find anything positive coming out of the bleak macro economic outlook in the United States and Europe.
Precious metals have enjoyed a spectacular rise today after the Federal Reserve signaled that interest rates will stay low for an extended period of time, no changes to policies or forecasts and telegraphed the end of its bond-buying program.
Bloomberg reports that Silver will jump as much as 37 percent next year.
Bloomberg reports that Silver is likely to repeat its success in 2011, reaching $40 an ounce on new applications and industry demand.
Bloomberg reports that the exchange-traded fund backed by physical silver, platinum and palladium will start trading tomorrow in New York, according to ETF Securities Ltd., the issuer.
Eon.businesswire reports that ETF Securities announced that ETFS Precious Metals Basket shares will be listed on the NYSE Arca under the ticker symbol GLTR “Glitter”, on October 22, 2010.
Precious metals prices returned from Easter Break with a bang. Despite the dollar remaining in the green Wednesday, silver took direction from the industrial side of the market and, like gold, rose along with platinum, palladium and copper prices.
By Melissa Pistilli-Exclusive to Silver Investing News Silver climbed further Monday reaching as high as $12.27/oz. Analysts expect the precious metal to rally further as long as $11.26 support holds. The next level of resistance to watch is $12.80, which may clear the way for an advance towards $13.88. According to the Oil N’ Gold [...]
Bloomberg.com reports silver will rise in the 3 months. Silver will trade at $14.70 an ounce in a month and $16.40 in three months. For complete story, click this link. Follow developments in silver mining and exploration for free.Sign on to the Silver Investing Newsletter.
Monday, October 24, 2011