Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) reported that the company has priced its previously announced public offering of common shares. The press release is quoted as saying: The company has also granted the underwriters of the Offering an option, exercisable for a period of 30 days following the closing of the Offering, to purchase additional common [...]
Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) announced that the company has filed an amended and restated short form base shelf prospectus with the securities commissions in each of the provinces of Canada, other than Québec, and a corresponding registration statement with the United States Securities and Exchange Commission under the U.S.-Canada multi-jurisdictional disclosure system. The press [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver is on a roll. This week the precious metal has soared past a more than five-month high reaching upwards of $14.35 Wednesday morning. Analysts have said if the price can breach $13.88 (which it has and then some), then we could very well see the silver price [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver closed at $10.16 in New York on Wednesday, touching a high of $10.57 in early morning trade Thursday. A weaker dollar and gains in commodity prices helped to stir speculation that future inflation may be on the cards. The surge in price has recharged [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver has managed to remain above the crucial psychological $9/oz level for the past week, holding steady above $9.20/oz. Chintan Karnani of Insignia Consultants believes Friday’s close was significant for both precious metals. “Technically, gold and silver are in a neutral zone with a slightly bullish bias,” he [...]
By Melissa Pistilli-Exclusive to Silver Investing News Increasing trepidation in the markets brought on by the reality of recession has sent precious metals and commodities prices tumbling this week. The current drops have “nothing specific” to do with gold and silver, said Dave Rinehimer, one of the directors with Citigroup Global Markets. “It’s just renewed weakness [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver along with other commodities rallied overnight on news of China’s $586 billion stimulus package intended to aid in boosting domestic demand. Silver price benefitted from a rising gold price spurned on by a dollar under pressure, as well as from the boost in base metals such as copper. [...]
By Melissa Pistilli-Exclusive to Silver Investing News In the view of the many silver bulls, the precious metal is back on track towards regaining its historical role as a hedge against inflation. As the global financial crisis deepens, silver may soon be tested as inflation is projected to soar. At the third annual London Silver [...]
Ino.com reports its midday silver is mixed for the top silver companies. Hecla Mining fell $.23 or 5.2 percent, to $4.23. Pan American Silver fell $.18 or .9 percent, to $18.92. Silver Standard fell $.60 or 3.7 percent, to $15.38. Silver Wheaton rose $.04 or .5 percent, to $8.00 For complete story, click this link. [...]
The Peterborough Examiner reports Silver Standard has filed a lawsuit against DBRS. Silver Standard bought the investments, known as assetbacked commercial paper, or ABCP, though six different trusts on the advice of its bank and investment adviser, Vancouver based HSBC Bank Canada. They were rated “R-1 high” by Dominion Bond Rating Service. A month and two days [...]
Friday, February 12, 2010