Risk Aversion Continues to Weigh on Silver
Silver spent much of the week under pressure primarily from EU concerns, but managed gains on Thursday.
Silver spent much of the week under pressure primarily from EU concerns, but managed gains on Thursday.
Silver prices dropped lower into the $20s this week as the greenback soared.
As silver continues to align itself with industrial metals, certain behavioral changes are occuring.
The silver market in 2012 is expected to take investors for another wild ride. Analysts' predictions vary as to the lows and highs but many predict a similar yearly average.
Etftrends.com reports that Silver investment demand has soared this year.
While investment demand will continue to be a driving factor in a healthy silver market, increasing industrial demand is also playing a strong role, according to the Silver Institute’s World Silver Survey 2010, produced annually by research firm GFMS Ltd.
By Melissa Pistilli-Exclusive to Silver Investing News After closing over $15 an ounce on Tuesday, the price of silver is up about 8 per cent over the past month. In all respects, silver is putting on a bullish display early in the September rally season. On the year, the silver price is up 32 per [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver bull has jumped into this week on a strong start with the price of silver trading between $13.61/oz and $13.92/oz. Analysts predict the silver price will continue its upside action towards $14.30/oz areas if a break above $13.86/oz can be maintained. Bullish sentiment resounds strongly through [...]
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 [...]
AP reports Silver Standard Resources shares fell today after the mining company said its second-quarter loss widened as it prepared several highly promising properties across Latin America and British Columbia, Canada. For the three months ended June 30, the Vancouver, Canada-based company posted a loss of 5.5 million Canadian dollars ($5.2 million), or 9 Canadian cents (8.6 cents) per [...]
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