Weekly Round-Up: Strong US Dollar Weighs Down Commodities
A strong US dollar has pushed down most commodity prices this week with gold, silver and oil posting losses. Copper prices were up slightly on the news.
Articles Tagged "silver price"
Silver Futures Up at $23.87 an Ounce
Silver – Spot silver traded slightly lower this morning, at $23.88 per ounce.
HSBC Lowers Silver Forecast on Growing Supply
Silver – Reuters reported that HSBC lowered its silver forecast for this year and next on a likely increase in output globally.
Silver Rallies for First Time in Four Days
Silver – Bloomberg reported that silver rose in Monday trading for the first time in four days.
Silver Still Showing Modest Decline
Silver – Reuters reported that silver is continuing its downward trend after falling more than 12 percent earlier this week. As quoted in the market report:
Silver Dips as Investors Steer Away from Precious Metals
Silver – Reuters reported that silver pulled back on Friday, erasing earlier gains, as investors were seeking less shelter in precious metals on the announcment of a Greece-Cypress deal.
Fresnillo Nearly Halves Dividend As Profits Fall
Silver – Fresnillo PLC, a Mexican precious metals miner cut its dividend by nearly half after reporting falling net profit Tuesday due to lower silver prices which more than offset higher gold prices and output.
Silver Inches up in Tuesday Trading
Silver – CNBC reported that silver was among the precious metals to rise in Tuesday trading.
Silver Could Extend Losses this Year: Commerzbank AG
Silver – Bloomberg reported that, according to technical analysis from Commerzbank AG, silver may continue to drop this year.
Silver May Have Hit Bottom
Silver – Marketwatch reported that silver's steady drop in prices should be coming to an end.
