The current economic climate in the western hemisphere is reminiscent of the 2008 Crash and the understandable fear that we’re heading into the Great Recession 2.0 has investors seeking safe haven assets. What will happen to silver prices if the current economic crisis spirals into a repeat of 2008?
The growing attitude towards silver as an investment tool in China is adding significant demand for the white metal. Imports of silver to China reached a record last year, and continue to be strong. As concerns about the strength of the economy grow, Chinese citizens are looking to silver as a safe haven asset.
Tarsis Resources Ltd. (CVE:TCC) reports that it has acquired 503 claims by staking in the Rogue District, Yukon.
Source Exploration Corp. (CVE:SOP) reports highlights from additional drilling in the area of the El Dorado skarn zone at its Las Minas project,Veracruz State, Mexico.
ETF Securities says it traded a record 5.25 million shares of ETFS Silver Trust as many investors sold off their holdings in the Silver ETFs.
Silver made moderate gains today, regaining some of the ground lost on Tuesday after the pull back from the $41.37 per ounce high. The price of silver is mostly driven by continuing factors of loose monetary policy and inflationary fears. Concern is mounting in the market that precious metals are over valuated and are set to fall.
A new report commissioned by The Silver Institute, from research firm GFMS, titled “The Future of Silver Industrial Demand” forecasts the industrial demand for silver trough 2015.
Strait Gold Corporation (CVE:SRD) starts the permitting process for 2011 drilling program at company's Alicia copper-gold project in Peru.
Maya Gold & Silver Inc. (CVE:MYA) reports that the company has closed a first tranche of a $3.0 million non-brokered private placement.
ABC News announces Gold and Silver prices ended the week higher.
Get our independent commentary on silver trends and companies delivered to your inbox.
