Market conditions like tight supply, increased investment demand, growth in industrial demand and rising spot prices create the perfect environment for silver miners to succeed.
Silver prices are doing well so far into the first two weeks of 2010 steadily rising from the $17 level to test $19 an ounce.
On Monday morning, silver danced as high [...]
Precious metals prices were popping off of holiday lows Monday as traders returned to the markets. Gold had jumped as high as $1124 an ounce by 9:30am in New York and silver soared to $17.59 by 11am as a weaker dollar made the shiny cousins much more attractive.
Gold had jumped as high as $1124 an [...]
Bank of America Merrill Lynch has said gains in the silver price spurned on by robust investment demand will continue as rebounding economies drive industrial demand. “After the recent sharp price rises, we are cautious on silver in the near-term, but we believe that a spike toward $20 an ounce is possible in 2010.”
After posting [...]
Silver Investing News reports price of silver doing really well this week.
The silver spot price is expected to move higher following gold, but “significant and sustained momentum” is needed, says Forex analyst Anna Coulling, if the white metal is to break out above $18.50 and test last year’s high of $21 an ounce.
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Silver Investing News reports silver prices above $15.00 in September 2009.
On the year, the silver price is up 32 per cent. Whether or not silver remains on this upward path relies on economic sentiment in the markets.
For now, that sentiment is pointing towards global economic recovery. Economies in Asia and Europe are beginning to shows [...]
Silver Investing News reports silver fell almost 6% on drop of commodity prices.
The dip came as traders pulled out of the commodities and equities sectors and poured into the dollar on fears that economic recovery is still a ways off. Silver took a bigger hit than gold as its losses were also tied to downward [...]
Silver Investing News reports silver price is being tested at the $14 mark in this current global market.
However, silver was unable to hold above this important psychological level as it tracked gold lower on Tuesday once the greenback recovered against the euro and oil slipped. By 1:00 PM PST silver was trading at $13.74 an [...]
Silver Investing News report silver prices were down on Monday.
The markets are expected to be mixed during the week with a quiet Friday as both US and Canadian markets close for holidays and the start of the summer vacation season commences.
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Silver Investing News reports a slight dip in silver prices.
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 [...]
Silver Investing News reports silver has outperformed gold this year.
“Safe-haven flows seem to have ebbed out of the gold market,” said Jon Nadler, a senior analyst at Kitco. “People see the gains in stocks and they think, ‘Let’s take a little bit of money off the gold table and put it into where the action [...]
Wednesday, January 13, 2010
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