A combination of uncertainty in the global economy, political unrest in the Middle East and North Africa, limited supplies and a growing demand from emerging markets could poise silver prices to break out to new highs. China, in particular, has been showing a large appetite for investing in both silver and gold.
The biggest story in the silver market is not the price gains, but rather a condition of backwardation in the silver futures market. Ted Butler discusses the significance along with silver price manipulation.
Benzinga.com reports that Silver is severely underperforming gold in Tuesday's trading session.
By Melissa Pistilli-Exclusive to Silver Investing News Those in the financial community have dubbed September 29, as ‘Black Monday’. It certainly was a dark day on Wall Street as the stock market tanked to unheard of lows in reaction to the House’s 228-205 rejection of Paulson’s US$700 billion bailout plan. The Dow Jones was the hardest [...]
By Melissa Pistilli – Exclusive to Silver Investing News Although the price of silver has seen an almost 40 per cent drop recently, holdings in New York’s iShares Silver Trust, the largest silver-backed exchange-traded fund, have soared 308.839 to a record 6,474.04 tonnes of average 1,000 oz silver bars since August 15. That silver ETF has consistently seen more buying [...]
The Silver Institute reports July 29th, the iShares Silver Trust exchange-traded fund (ETF) achieved a major milestone as over 200 million ounces of physical silver are currently held by the trust. Launched in April of 2006, this investment vehicle–trading on the American Stock Exchange under the symbol “SLV”–has proven in just over two years to [...]
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