Silver ETFs have widened the playing field for many previously locked-out investors. On the flip side, this investment innovation may pose real danger: quick and dirty liquidation of silver holdings leading to a flood of physical silver onto an already oversupplied market experiencing declining levels of demand.
London-based research consultancy GFMS sees the price of silver hitting $30 an ounce on rising investment demand, which may reach a record high of over 210 million ounces, a net value of $4 billion, in 2010.
While investor demand for silver is credited for such a bullish outlook amongst analysts, a new report from VM Group/Fortis Bank Nederland shows industrial demand, especially from new uses and increased demand from China, will have a significant impact on silver prices going forward.
By Melissa Pistilli-Exclusive to Silver Investing News On Monday, silver closed up at $17.76 an ounce, while gold ended the day at $1057.50 an ounce. Further dollar declines and inflation concerns are helping to propel not only precious metals prices but base metals like copper as well, which closed at $2.8330 per pound. Increased inflation [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices profited further from a weakening US dollar and rebounding oil prices at the beginning of this week. Gold rose as high as $1044.80 an ounce Tuesday morning and silver performed well reaching as high as $17.43 an ounce. Silver Price: Based on Precious or Industrial [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price was on quite a tear this last week. Ending the month of May up 27 per cent, the white metal posted its largest monthly gains since 1987. However, after reaching a 10-month high of $16.25 in overnight trading, silver’s rally ended as prices began to [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Tuesday, shares of MAG Silver Corp. [TSX: MAG] [NYSE-A: MVG] climbed 13 per cent after the world’s biggest primary silver producer, Fresnillo PLC announced its takeover offer for the Vancouver-based junior miner. The senior silver producer is offering MAG US$4.54 a share for complete ownership. Earlier this [...]
The Silver Institute, Silver News reports the reasons for the push in silver price to 4th year of double digit price gains. The big story for silver last year was its spectacular price rise. Last year’s annual average of $13.38 was 16 percent higher, the fourth year in a row of double-digit percentage gains. The [...]
Mineweb(Editorial) reports analysts at French Bank Natixis sees silver following similar patterns as gold i.e. postively the current year but a fall in the following year. Overall, the combination of investment and the market’s supply and demand fundamentals is expected to produce an annual average price of $17.85 for calendar year 2008 representing a gain of [...]
Moneymorning(Editorial), July 7, 2008 reported that silver prices have sky rocketed to an extraordinary 106% in the past two and a half years. More impressive, silver prices have gained 33% since mid December. Mike Caggeso, Associate Editor of Moneymorning discusses four reasons why and two ways to buy silver. Like gold, silver is a safe [...]
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