Silver Price Tracks Gold Lower
Silver is showing it’s still very much tied to gold, tracking the yellow metal down on price chopping news out of China, the oil trade and the currency markets.
Silver is showing it’s still very much tied to gold, tracking the yellow metal down on price chopping news out of China, the oil trade and the currency markets.
By Melissa Pistilli-Exclusive to Silver Investing News After posting continued gains Monday morning, commodities prices fell across the board in the afternoon as the dollar bounced back from last week’s 14-month low against the euro. The silver spot price had touched $17.80 an ounce before dropping as low as $16.98 to finally close down 3.4 [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver prices are benefitting from the recent optimism that the global economy has finally started on the path to recovery and that industrial demand will soon rise. Spot prices hit a high of $14.45 an ounce in early trading Tuesday. So far this year, silver has risen 26 [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver once again tested the $14 barrier Monday as oil rallied, the dollar fell to its lowest point against the euro in over eight weeks, and risk-appetite increased. However, silver was unable to hold above this important psychological level as it tracked gold lower on [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price was on quite a tear this last week. Ending the month of May up 27 per cent, the white metal posted its largest monthly gains since 1987. However, after reaching a 10-month high of $16.25 in overnight trading, silver’s rally ended as prices began to [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Tuesday, the silver price hit its lowest level in nearly a month as the equities market rebounded. The S&P 500 Index rose 1.5 per cent. “Another sector rotation could take place with speculative funds abandoning safe-haven assets to pile into oversold equity markets,” said Jon Nadler, senior [...]
By Kishori Krishnan Exclusive to Silver Investing News Is silver set to follow gold in these days of economic meltdown? Analysts maintain that with the fundamentals being sound, silver prices could shadow gold prices mainly due to investment demand and ratio play. A 2009 silver forecast report from Mumbai-based Commtrendz Risk Management Services reports that [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver rallied in early morning trading Monday in reaction to dollar weakness and increased insecurity in the markets. After closing Friday at $9.64/oz in New York, silver reached as high as $10.60 this morning. Mark O’Byrne, Executive Director at Gold & Silver investments lists weakness [...]
By Melissa Pistilli-Exclusive to Silver Investing News The Dubai Multi Commodities Center (DMCC) is set to launch an Exchange Traded Fund (ETF) for silver next month, according to financial journalist Peter J. Cooper. Cooper is a financial journalist out of Dubai Media City and is well-versed in Middle Eastern business and finance. His book Opportunity [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver along with other commodities rallied overnight on news of China’s $586 billion stimulus package intended to aid in boosting domestic demand. Silver price benefitted from a rising gold price spurned on by a dollar under pressure, as well as from the boost in base metals such as copper. [...]
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