While the contagion of fear in the markets is providing silver with a much needed boost this week, ongoing economic problems around the world will eventually weigh on industrial demand.
By Melissa Pistilli-Exclusive to Silver Investing News Gold is riding high on dollar weakness, increased risk appetite and inflation fears bringing its price per ounce above $1,100. Silver has come along for the ride, but hasn’t managed to hold a break over the $18 level. Concerns over sluggish industrial demand for base metals in general [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver managed to keep its last week gains to open at $14.30/oz Monday morning. After a brief dip to $14.09, the precious metal was testing highs of $14.66. The markets are still reacting to doubts over the U.S. government’s ability to pull itself out of financial freefall even [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver is on a roll. This week the precious metal has soared past a more than five-month high reaching upwards of $14.35 Wednesday morning. Analysts have said if the price can breach $13.88 (which it has and then some), then we could very well see the silver price [...]
By Melissa Pistilli-Exclusive to Silver Investing News For silver, 2008 was a record year as the precious metal hit $21.34/oz in March and managed to maintain a healthy level until the current global economic crisis sent investors pouring from the market in the fourth quarter. Since September, I have heard some of the most respected [...]
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 [...]
By Kishori Krishnan Exclusive to Silver Investing News Renewed investor interest in silver, which began in earnest in 2004 and continues today, has ensured that silver price, per ounce, in 2008, averaged a strong $14.98, a nearly 12 per cent increase over the 2007 average price of $13.38; the best average annual price since 1980. [...]
By Melissa Pistilli-Exclusive to Silver Investing News Although governments and central banks around the world have taken increasingly aggressive measures to tackle the financial crisis, the deepening economic turmoil is far from over. As fears over the worldwide economic downturn escalate, commodities prices are dropping across the board. It is becoming apparent to most that [...]
By Melissa Pistilli-Exclusive to Silver Investing News Since hitting the skids on October 10, the price of silver has edged higher to close at $10.96 in New York. No doubt the precious metal has had some help from the bounce in the equities and commodities markets this week. Indexes in North America, Europe and Asia [...]
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. [...]
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