By Kishori Krishnan Exclusive to Silver Investing News Is silver set to follow gold in these days of economic meltdown? Analysts maintain that with the fundamentals being sound, silver prices could shadow gold prices mainly due to investment demand and ratio play. A 2009 silver forecast report from Mumbai-based Commtrendz Risk Management Services reports that [...]
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 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 [...]
FXStreet.com reports silver prices dipped slightly today. * Silver fixes at 999.00 cents, below its previous fix of 1,092.00 cents. * Spot silver dips to $9.99/10.07 an ounce at 1127 GMT from $10.23 in late New York trade on Wednesday. * Forward rates on Reuters pages indicated at 2.47, 2.58, 2.69, 2.54 and [...]
AFX News reports gold and silver climbs in Europe due to the recovery in the commodity with the US bailing out the ailing banks. * Silver fixes at 1,089.00 cents, above its previous fix of 1,061.00 cents. * Spot silver rises to $10.84/10.91 an ounce at 1128 GMT from $10.66 in late New York [...]
The Motley Fool(EDITORIAL) reports despite the financial bail-out legislation been passed, the tough gets buying precious metals. If silver prices begin to move higher with gold, as I believe they will, that revenue will adjust upward as well, since Silver Wheaton enjoys the unusual advantage of essentially fixed costs. I intend to offer a more [...]
Reuters reports iShares Silver Trust, holdings of the world’s largest silver-backed exchange-traded fund reached to a record 6,901.41 tonnes as stated on their website. The trust’s holdings have climbed nearly 7 percent since the beginning of September as buyers took advantage of lower prices to increase their holdings of the metal. Spot silver <XAG=> was quoted at [...]
Commodityonline reports gold & silver futures declined as rescue plans for the US financial markets is been discussed. Silver futures for December delivery declined 16.5 cents, or 1.2%, to $13.275 an ounce. The metal has fallen 11% this year. For complete story, click this link. Follow developments in silver mining and exploration for free.Sign on to the Silver [...]
FXstreet.com reports December silver will be up around 26 cents an ounce. At 8:01 a.m. EDT, spot gold was trading down $1.95 to $888.75. In overnight activity, spot gold in Europe continued to fluctuate with the U.S. dollar and was pushed down Wednesday by the strength of the currency. Profit-taking pushed down gold in Asia Wednesday, [...]
Get our independent commentary on silver trends and companies delivered to your inbox.
