Prices for commodities such as crude oil and copper have been hit by fears that demand may suffer due to the ongoing European debt crisis and signs of economic slowdown in Asia; with the majority of demand for silver coming from the industrial sector it’s hard for the white metal not to get caught up in concerns of slowing global economic growth.
By Melissa Pistilli-Exclusive to Silver Investing News As was to be expected, action in the precious metals markets was rather slow over the holiday week. Gold saw little movement, while silver actually posted a few gains last week as the US dollar weakened. We can expect trading to remain light through New Year’s, however any [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver and gold prices rose slightly in early trading Monday, but those gains were quickly erased as a rebounding dollar forced gold down below the psychological support level of $1,100 an ounce to close at $1,092.30 in New York, and silver dropped below the crucial $17.00 level to [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price fell yesterday on profit taking and rising equities as risk appetite re-entered the markets with renewed optimism over economic recovery. The markets reacted well to the U.S. government’s plan to purge toxic assets from the banks, which lent strength to hopes such actions will revive [...]
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 Silver prices fell more than 5% to $12.68/oz this morning on the heels of tumbling crude prices and a stronger U.S. dollar. Oil is the main driver behind today’s commodity declines, says Frederic Lasserre, head of commodities research at Societe Generale. Oil installations in the Gulf [...]
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