By Melissa Pistilli-Exclusive to Silver Investing News The price of silver broke the psychological level of $9 this week and reached a high of $10.50 in early morning trading Thursday. “Precious metal sentiment received a much needed boost yesterday as the dollar retreated after the Fed’s rate cut,” said Standard Bank analyst Manqoba Madinane. [...]
By Melissa Pistilli-Exclusive to Silver Investing News While I’m ecstatic every time I drive by the gas station and see the price ticking down daily, watching the loonie nosedive is etching premature wrinkles on my face as I stress over how much of my hard earned Canadian dollars I’ll be handing over to Uncle Sam [...]
By Melissa Pistilli-Exclusive to Silver Investing News The Dow, along with other major indexes, plunged out of control Monday as investors everywhere shook off any perceived fantasy that the $700 billion bank bailout would serve as a panacea for the U.S. financial crisis. The Dow fell to 9,525.32, it’s lowest level since October 24, 2003. [...]
The Silver Institute reports July 29th, the iShares Silver Trust exchange-traded fund (ETF) achieved a major milestone as over 200 million ounces of physical silver are currently held by the trust. Launched in April of 2006, this investment vehicle–trading on the American Stock Exchange under the symbol “SLV”–has proven in just over two years to [...]
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