While silver prices made moderate gains on the day, uncertainty about the global economy continues to erode investors risk appetite. Some analysts have even called into question silver’s role as ‘poor man’s gold’ as a hedge against inflation.
Safe haven demand has left the precious metals market and headed over to the US dollar and Treasurys as Eurozone economic woes are expected to further strengthen the greenback. But, the US is itself still embroiled in a financial crisis. How much longer can the greenback remain king?
Excalibur Resources Ltd. (CNQ:XBR) reported that it has finalized non-brokered flow-through and non flow-through private placements for total proceeds of $718,000.
The markets were hit hard today as the Federal Reserve announcement of ‘Operation Twist’ rattled investors. The main fear is that the global economy may be moving towards another recession. Silver Investing News spoke with Jamie Greenough, Investment Advisor for Global Securities Corp. about the silver market in the wake of the recent Fed actions.
New Nadina Explorations Limited (CVE:NNA) announced an update on the two drills that are being tested in Titan A and B targets at the Silver Queen property
Silver's outlook may not be as bright as that for gold and image may be one of the main reasons why.
Prices for commodities such as crude oil and copper have been hit by fears that demand may suffer due to the ongoing European debt crisis and signs of economic slowdown in Asia; with the majority of demand for silver coming from the industrial sector it’s hard for the white metal not to get caught up in concerns of slowing global economic growth.
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.
Despite the risk inherent in a volatile market such as silver, many investors still find the white metal an attractive investment as it has the potential to bring far greater return on investment. The ROI for silver can surpass gold exponentially, as price movements over the last year have shown.
Avrupa Minerals Ltd. (CVE:AVU) reports that drilling has started at the Grbes target on the Kamenica license in eastern Kosovo.
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