On Wednesday silver fell below the $30 per ounce mark for the first time since October. While some modest gains were made on Thursday, there is a real possibility that silver will be a net loss over 2011. Analysts stress to stay focused on the Eurozone and Dollar Index.
Mineweb reported an interview with Sprott Asset Management CEO Eric Sprott.
Do you agree with Eric Sprott, CEO of Sprott Asset Management, urging silver miners to interfere in the silver market and retain silver reserves? Cast your vote.
Expectations that the European and US budget problems will lead to a silver rally are being countered by a stronger US dollar .
Concerns over the state of the European economy are prompting investors to seek liquidity and move away from precious metals like silver.
Silver Investing News readers are intrigued to down right passionate when it comes to the topic of silver price manipulation. In a recent survey, we asked the question, “Do you believe the silver market is rigged?” to which an eye-popping 66 percent responded, “Yes!”
While supporters of the new CFTC rule expect it to prevent large firms from taking too large positions in commodities and causing inflated prices, there are those who caution that it will only push commodities investors to markets outside of the United States.
Silver Investing News had the opportunity for our own short Q&A session with Dr. Michael Berry, publisher of Morning Notes, who will be speaking at the world-renowned Silver Summit Investment Conference and will host a “no holds barred” Q&A session following his presentation.
The rising use of nanosilver across various markets has received a lot of play in the last few years. The total market for nanosilver materials and coating products is expected to grow in value from about $290 million in 2011 to around $1.2 billion by 2016. But does this sector really offer any real upward pressure on the price of silver?
The price of silver has been making steady improvements over the last month since the downgrade of US debt sparked concerns of a second global economic slowdown since 2008.
Friday, December 16, 2011