Bloomberg reported that silver stockpiles on the COMEX in New York rose to 176.28 million ounces today, a 16-year high.
Articles Tagged "stockpile"
Silver is stacking up in COMEX depositories. Some say that's a bad sign.
By Melissa Pistilli – Exclusive to SilverInvestingNews.com On Wednesday, I expressed my dismay over silver’s steady decline after the big gains I had excitedly witnessed over the last couple weeks. But still, I remain optimistic that the precious metal will rebound from this latest set-back. Obviously, exorbitant prices at the pump do deflate demand and [...]
By Melissa Pistilli – Exclusive to SilverInvestingNews.com Update! Those investors who bought silver last week under anticipation of a bust through $21/oz woke up with a slight hangover this morning. Watching silver slump from $19.31 to $18.46 and further sink to $17.90 yesterday was enough to give me a headache. But, now at $17.33/oz I’m [...]
By Ken Ruffelle – Exclusive to SilverInvestingNews.com It was in the summer of 1979 when I purchased a $400 bag of junk silver, seeking to begin my career has a high roller in the commodities market. Little did I know that as a 16 year-old neophyte investor, I would be participating in a history-making event [...]