Silver Declines into $20s as Dollar Rallies
Silver prices dropped lower into the $20s this week as the greenback soared.
Articles Tagged "Silver Market News"
Silver Responds to Fed, then Weakens
Ben Bernanke gave the silver market a boost, but strengthening US dollar has put pressure on silver prices.
Bullish Forecasts in Silver Market Despite Weak Demand from China
The latest news, commentaries and opinions relating to the global silver market over the past week.
Silver Forecasts Mixed on Uncertain Economic Outlook
Silver prices traded relatively flat on Thursday, gaining 12 cents. However, due to the uncertain global economy stemming from the Eurozone crisis, many analysts have cut their forecasts for the year.
Bond Auctions and Weak Dollar Help Silver Break $30/Ounce
Silver prices broke the $30 mark for the first time in nearly a month. Fueled by a weaker dollar and successful bond auctions in Italy and Spain, the price of silver may be heading higher still.
Silver Price Gains on US-Iran Tensions
A strong US dollar did not hamper silver prices on the day. Silver and gold prices are benefiting from the political tensions with Iran that are driving up the price of oil. Silver and gold are once again acting as a risk asset as sustained high oil prices increase the likelihood of a recession.
Silver Price Boosted on Federal Reserve Statement
While prices for silver traded fairly flat today the big news came from statements made by Fed Chair Ben Bernanke at the Federal Open Market Committee. The Fed lowered prospects for US economic growth and hinted that another round of stimulus measures is not off the table. Prospects of QE3 have stoked the flames of silver bulls.
New Nadina: Visible Moly in New Discovery at Silver Queen
New Nadina Explorations Limited (TSXV:NNA) announced the completion of the 2011 drilling at the Silver Queen property south of Houston BC.
NQ Appoints Robert Ayotte as its Chief Financial Officer
NQ Exploration Inc. (TSXV:NQE) announced that Robert Ayotte has been appointed as its Chief Financial Officer to replace Jean Rainville.
Kootenay Gold: Promontorio Drilling Intercepts 47 Meters of 214.2 gpt Silver Eqv
Kootenay Gold Inc. (TSXV:KTN) reported assay results from its ongoing 25,000 meter, multi-phase drilling program on its Promontorio silver project in Sonora, Mexico.
