Have Silver Prices Entered a Higher Trading Range?
Silver's $30-50 per ounce range has historical importance for silver. A price range that once offered nothing but resistance, is now a support.
Silver's $30-50 per ounce range has historical importance for silver. A price range that once offered nothing but resistance, is now a support.
Silver is an extremely rare metal only occurring in igneous rock at a concentration of only 0.07 parts per million. For comparison, copper is approximately 785 times more prevalent. Due to its rarity, the main concern in gauging the potential value of a silver deposit is the amount of metal present.
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices are taking heavy hits in the recent week from continued European economic woes that are helping to support the dollar. On Wednesday, silver prices plunged threatening a breakdown once again through the $15 an ounce support level as volatility in global currency markets spilled over [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices have taken a hit the past few market sessions as risk-averse sentiments overshadow any recent speculative fervor in commodities. On Thursday, President Barack Obama announced a set of new proposals to restrict banks or other financial institutions from dealing with hedge funds or private equity [...]
Copper Fox Metals Inc (TSX-V: CUU) intends to privately raise C$2,000,000 in funds in a bid to to complete the feasibility Study of the Schaft Creek deposit. The Offering is expected to consist of 23,188,406 units at a purchase price of $0.08625 per unit, for aggregate gross proceeds of $2,000,000. Each unit consists of one [...]
By Melissa Pistilli-Exclusive to Silver Investing News Most analysts have attributed the latest rally in precious metals prices to rising inflation concerns brought on by a weakening dollar. What’s supporting these inflationary fears? At first the amount of paper money being pumped into the financial system by governments trying to prop up their flailing economies [...]
Silver stocks such as Silver Wheaton and Silver Standard reported high silver prices. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News As the fundamentals behind the US economy continue to teeter on the edge, gold and silver prices are posting impressive gains. Once again, silver is outperforming gold in its week long price rally that started around $12.50/oz and now flirts with the $14.00 level. Last week, gold rose [...]
Silver prices dropped 1.22 per cent in the afternoon trade on Multi Commodity Exchange on lack of any buying support amid a weak global trend. For full story, click here
In a report prepared for the Silver Institute, GFMS forecasted that silver prices should remain well into the double-digit levels for the remainder of this year. For full story, click here
Get our independent commentary on silver trends and companies delivered to your inbox.