FXstreet.com reports gold and silver prices have rised with the current instability in the financial markets. Comex gold and have ticked higher on apparent flight-to-safety buying, says Bart Melek, global commodity strategist with BMO Capital Markets. The metals are up despite a stronger dollar, which normally pressures gold and silver, he notes. Gold fell on apparent profit-taking Tuesday [...]
INO.com reports shares of some top silver mining companies are mixed today. Hecla Mining rose $.25 or 4.5 percent, to $5.79. Pan American Silver rose $.44 or 1.8 percent, to $24.85. Silver Standard rose $.51 or 2.5 percent, to $20.95. Silver Wheaton fell $.14 or 1.4 percent, to $9.62. For complete story, click this link. [...]
Commodityonline reports gold & silver futures declined as rescue plans for the US financial markets is been discussed. Silver futures for December delivery declined 16.5 cents, or 1.2%, to $13.275 an ounce. The metal has fallen 11% this year. For complete story, click this link. Follow developments in silver mining and exploration for free.Sign on to the Silver [...]
Delta Exploration reports results from 12 exploration diamond drill holes from the Falea uranium-silver Project, Mali. The holes tested the potential for western extensions to the Central Zone. The program successfully located significant concentrations of both uranium and copper, extending the Central Zone 300 metres to the west. Significant U3O8 drill results are listed in Table # 1. [...]
Fortuna Silver Mines reports that it has confirmed high-grade silver mineralization in the recent underground exploration and development on Soledad and Silvia veins, Caylloma Mine in Peru. The high-grade silver mineralization is hosted by semi-transparent to milky quartz veins containing silver sulfosalts, minor rhodonite bands, and traces of sphalerite, galena and pyrite. The Silvia Vein, located subparallel to [...]
NP reports according to Blackmont Capital, who released a new report says that there will be a big wave of merger and acquisition in the silver and gold junior mining companies. “While there remain several junior companies with projects that are expected to ultimately be economic under the current gold price, a significant amount of [...]
Reuters(India) reports banks are meeting resurgent demand for silver with the uncertainty of the markets. India’s silver demand picked up a month ago as the trade set out to prepare for the festivals in October and intensified this month when the metal dipped to 11-month lows. On Friday, silver futures on the continuation charts of the [...]
New Kerala.com reports silver and gold prices rised as the US financial markets takes a turmoil. Suresh Hundia, president of Bombay Bullion Association (BBA), said strong dollar boosted the precious metals and investors sought a safe haven in bullion amidst the drifting global stocks. There was some good festival demand mainly from jewellery makers, Silver [...]
MAG Silver Corp. reports assay results from an ongoing drill program on Cinco de Mayo property, Chihuahua State, Mexico. Holes 08-40, 44, 46, 48 and 52 all intercepted strong silver, lead, zinc and gold (see Hole 08-48 below) mineralization characteristic of the Jose Manto. Holes 08-48 and 08-52 show significant gold values, with 08-48 reporting 1.50 metres [...]
Wednesday, October 1, 2008