Silver prices are taking heavy hits in the recent week from continued European economic woes that are helping to support the dollar.
On Wednesday, silver prices plunged threatening a breakdown once again through the $15 an ounce support level as volatility in global currency markets spilled over into the precious metal sector. Confusion over what, if [...]
Silver Investing News reports precious metals prices are profitting from further from a weakening US dollar and the rebounding oil prices this week.
There are questions in the market as to whether or not government fiscal policies will lead to inflation, at what pace can we expect global economic recovery to advance, and if we will see [...]
Silver Investing News reports silver continues to rally and its outperforming gold.
Last week, gold rose a mere 3.1 per cent compared to silver’s sharp climb of 11.6 per cent. There are hints in the market that global industrial demand for silver will soon pick up, adding to already robust investment demand.
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Silver Investing News reports weakening of the markets and stronger dollar affecting commodities.
A slowing economy and reduced industrial demand has hurt the silver price the most this week. It’s “more related to the economy than gold is,” said Bart Melek, BMO Capital Markets global commodity strategist. Silver is functioning much more as an industrial metal [...]
Silver Investing News reports the brutal month for investors in precious metals and mining are seeing some light and a road to recovery in the coming days and months.
“The reversal in the dollar’s recent strength could signify that [gold prices] are close to lows,” said Gold & Silver Investments executive director Mark O’Byrne.
In his Gold [...]
Wednesday, February 17, 2010
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