The most recent Resource Investing News biannual Investor Survey reveals that while investors remain optimistic about the long-term potential of the commodities markets, a large majority are hedging their bets on precious metals like gold and silver.
The European (and in fact, the global) financial crisis is far from over and will continue to influence the precious metals (and industrial sector) for some time to come. Whether silver will react positively or negatively over the long-run still remains to be seen.
When ETFs were first introduced to the marketplace a decade ago, they opened up a whole new world of investment opportunities. Now New York-based Global X Funds has extended those opportunities even further. Tuesday, Global X launched the world’s first silver miner exchange-traded fund, Global X Silver Miners ETF (SIL).
The market had second thoughts about the positive implications of the euro zone loan and worries over the depth of Greece’s debt problems resurfaced this morning, putting the breaks on the precious metal mini bull-run.
Both Greece’s debt crisis and India’s inflation concerns are dollar supportive, putting downward pressure on silver prices.
Silver is showing it’s still very much tied to gold, tracking the yellow metal down on price chopping news out of China, the oil trade and the currency markets.
By Melissa Pistilli-Exclusive to Silver Investing News Last week, the spot price of silver hit a 10-week low; however, spot prices began to recover later in the week as a faltering dollar and higher oil prices boosted its safe-haven appeal. Silver had a pre-summer doldrums rally on June 3, almost doubling its October 2008 low, [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver spot price closed down 1.63 per cent Monday to $13.89 an ounce as gold dropped on a positive dollar. The markets are expected to be mixed during the week with a quiet Friday as both US and Canadian markets close for holidays and the start of [...]
By Melissa Pistilli-Exclusive to Silver Investing News As the fundamentals behind the US economy continue to teeter on the edge, gold and silver prices are posting impressive gains. Once again, silver is outperforming gold in its week long price rally that started around $12.50/oz and now flirts with the $14.00 level. Last week, gold rose [...]
By Melissa Pistilli-Exclusive to Silver Investing News The Dow, along with other major indexes, plunged out of control Monday as investors everywhere shook off any perceived fantasy that the $700 billion bank bailout would serve as a panacea for the U.S. financial crisis. The Dow fell to 9,525.32, it’s lowest level since October 24, 2003. [...]
Thursday, December 2, 2010