By Melissa Pistilli-Exclusive to Silver Investing News After reaching a nine-month high on Friday, the spot price for July silver on the COMEX closed down 8 cents to $14.61 an ounce Tuesday on a rebounding dollar, a slight Wall Street rally and profit-taking. But many industry analysts view this dip as merely a pullback before [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Monday, gold‘s losses and the rebound in equities halted silver’s four-day rally. A stronger U.S. stock market drew investors out of precious metals into the equities markets as the appetite for risk improved. “Safe-haven flows seem to have ebbed out of the gold market,” said Jon Nadler, [...]
By Melissa Pistilli-Exclusive to Silver Investing News The latest events affecting short-term silver spot price fluctuations have come out of China and Mexico. Silver was trading higher Monday morning on news that China has been actively increasing its gold reserves and that the swine flu outbreak in Mexico has spread further North into the U.S., [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver on the COMEX lost nearly 4 per cent last week to close at $11.89 on Friday, following gold’s decline to its lowest level in nearly three months. Investor confidence in economic recovery pushed equities up and precious metals down. The markets are operating under an influence of [...]
By Melissa Pistilli-Exclusive to Silver Investing News According to many precious metals analysts, including Gold and Silver Investments’ Mark O’Byrne, tightness in the physical silver market “appears to be deepening.” O’Byrne points to the recent 10 per cent drop in merely a few days in the COMEX Dealers Silver Inventory. If such drawdowns continue, it [...]
Comex silver stocks rose 536,621 ounces at 116,346,782 ounces. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices are seemingly locked in a “risk aversion/appetite tug-of-war” as the market reacts to ups and downs in the financial outlook as well as profit taking, say analysts. Gold and silver prices suffered last week as optimism over the global economy rose following the G-20 Summit, [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver prices have behaved very strangely the last few days. Both silver and gold prices dropped yesterday as the dollar recovered late in the session on Tuesday, however silver fell much harder than gold to $12.55/oz before climbing to a close of $12.97/oz. Little has changed today with [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver bull has jumped into this week on a strong start with the price of silver trading between $13.61/oz and $13.92/oz. Analysts predict the silver price will continue its upside action towards $14.30/oz areas if a break above $13.86/oz can be maintained. Bullish sentiment resounds strongly through [...]
Silver stocks seem to be the ones that are continuing to move and the higher quality stocks are moving the most. A 20.6% move in the Qual-Silver Index represent the result of three stocks averaging well into the 30% move range. For full story, click here
Tuesday, May 26, 2009