- By Diane Alter, Contributing Writer, Money Morning - May 22, 2014
The silver price today moved solidly higher in morning trading following some positive economic data out of China.
July Comex silver traded up $0.392, or 1.26%, at $19.73, after the preliminary HSBC China manufacturing purchasing managers index (PMI) for May came in at 49.7. That was up from 48.1 in April, and was the best reading in five months.
Here’s what’s next for the price of silver…
With the Silver Price Low, Demand for Physical Silver Sets a Record
- By Diane Alter, Contributing Writer, Money Morning - May 15, 2014
It's like Money Morning Global Resources Specialist Peter Krauth has been saying: A low silver price doesn't scare away investors; it draws them in.
As silver prices slumped 36% in 2013, retail investors took advantage of the dips and sent physical silver demand up 13% to an all-time high, according to World Silver Survey 2014.Here's what else is moving demand for physical silver today...
Spike for Silver Prices Ahead? This Options Activity Suggests So
- By Diane Alter, Contributing Writer, Money Morning - May 8, 2014
After rising as much as 16% earlier this year, silver prices are now nearly unchanged year-to-date. They're up just 0.2%, while gold has gained 7.2%.
The silver price isn't the only number that's lagging...
Silver's option activity sits near a decade low. That's highly unusual - and won't last.In fact, the low activity suggests some big changes ahead for the white metal…
Silver Price to Keep Rising on Safe-Haven Demand
- By Diane Alter, Contributing Writer, Money Morning - April 25, 2014
The silver price was modestly higher Friday amid mounting geopolitical tensions that have stoked bullish options activity.
In early afternoon trading, spot silver was last up $0.03, or 0.15%, at 19.78 an ounce. The metal traded as low as $19.57 and as high as $19.92 in another volatile session.The white metal went on a rollercoaster ride Thursday, but here's why silver's in the bulls' corner moving forward...
Silver Prices Move Higher Amid Stock Market Sell-Off, Dovish Fed
- By Diane Alter, Contributing Writer, Money Morning - April 11, 2014
Silver prices spiked some 2%, or $0.51, to $20.49 an ounce intraday Thursday before closing the session up $0.37 to $20.14 an ounce.
The gains came as the U.S. stock markets sold off sharply. Stocks sank even after the Labor Department reported U.S. weekly jobless claims dropped to a seven-year low, a sign of ongoing recovery in the labor market and the economy.
But what we care about is the big picture.Here's what's ahead for silver...
Silver Prices Slip in 2014's Q1 but Consumer Demand Still Solid
- By Diane Alter, Contributing Writer, Money Morning - March 31, 2014
Spot silver prices rose $0.07, or 0.4%, to $19.86 an ounce midday Monday as precious metal traders and investors gear up for a busy week ahead.
Market participants remain guarded, with a spate of U.S. economic data flooding in as the week wears on. Capping the busy week will be Friday's closely watched March jobs report.
Meanwhile, Monday caps the end of 2014's first quarter.So let's take a look at silver...
Investing in Silver: Singapore Supplier Opens Vault on Soaring Demand
- By Diane Alter, Contributing Writer, Money Morning - March 24, 2014
Amid frenzied demand to buy and store silver, a Singapore retail supplier of coins and bars opened a new 600-metric-ton vault on Monday.
The sizable Silver Bullion Pte. Ltd. storage facility can hold some $390 million worth of silver (at Friday's prices of $20.33 per ounce). Known as The Safe House, the new facility is located west of Changi International Airport. At present, it keeps some 37 tons of silver, mostly for its retail clients, behind a secure 2.5-ton stainless door.Here's what that means for investing in silver...
Silver Prices Today Rebound After Taking a Hit from FOMC
- By Diane Alter, Contributing Writer, Money Morning - March 21, 2014
Silver prices today (Friday) were modestly higher as bargain hunters stepped up to buy the dips. In early trading, spot silver last traded up $0.11 to $20.45.
It's been a volatile and punishing week for silver.
In morning trading Thursday, silver futures for May delivery slumped 2.3% to $20.355 an ounce, on pace for the biggest drop since March 7.That put white metal prices heading for their fourth consecutive day of losses, the longest streak since Nov. 13...
Silver Prices Today Show Long-Term Profit Potential
- By Diane Alter, Contributing Writer, Money Morning - March 14, 2014
Buoyed in early trading by a flight to safety amid simmering turmoil between Ukraine and Russia, silver prices today are showing signs of life.
In morning trading Friday, the price of silver rose $0.62, or 2.44%, at $21.89 an ounce. While the white metal slipped $0.148 Thursday to finish the session at $21.25 an ounce, the dip came on mild profit taking. Silver had a stellar showing Wednesday, ending up 2.66%, or $0.55, at $21.33.Here's why this is an important catalyst for higher silver prices over the week...
Silver Prices Today: Expect Continuing Rally in Coming Months
- By Tara Clarke, Associate Editor, Money Morning - February 28, 2014
Even though silver prices today (Friday) are down a relatively flat 0.59%, they're up more than 10% so far in February, and the rally won't end here.This is where silver prices are heading in early 2014 - and how they're getting there...
Pan American Silver (Nasdaq: PAAS) Notches Victory over Lower Silver Prices
- By Tara Clarke, Associate Editor, Money Morning - February 21, 2014
Despite lower silver prices, Vancouver's Pan American Silver Corp. (Nasdaq: PAAS) reported strong earnings yesterday (Thursday) that sent its shares soaring 6.28% over the day - and up to an 8.35% gain through Friday.
At first glance, Pan American's story may appear grim. In 2013, silver prices fell 35.7%, and Pan American shares fell right alongside, for a remarkably similar 35.57% loss across the year.Thursday's earnings posted a net loss of $293.1 million, or $1.94 per share, during Q4 2013.
Penny Stocks: Today's Biggest Movers
- By Diane Alter, Contributing Writer, Money Morning - February 14, 2014
A number of penny stocks showed investors some love today (Friday) with huge share-price climbs.
While the Dow Jones Industrial Average rose just under 1% by 2 p.m., these hot penny stocks were up double digits.Following are five of Friday's biggest low-priced movers.
Silver Prices Today: Buy Now Before the Pop
- By Tara Clarke, Associate Editor, Money Morning - February 3, 2014
Silver's Rally Could Mean Another 1,000% Run
- By Peter Krauth, Resource Specialist, Money Morning - January 31, 2014
Let's face it, 2013 was rough on silver.
The precious metal started out the year at $31, and ended at $19.50, continuing an overall slump dating back roughly to mid-2011.
That, however, obscures a massive run, like gold, that silver embarked on in 2001 when it was near $4, eventually topping out around $49 in April 2011. At its peak it generated a return of 1,091%.Heading into 2014, I've pinpointed a number of key drivers - some often missed - that say silver may be poised for another spectacular run...
Silver Prices Today Could Slip on Jobs Numbers
- By Diane Alter, Contributing Writer, Money Morning - January 10, 2014
Precious Metals News: Silver prices today could slip if the December jobs report comes in higher than expected.
Silver prices traded in tight range Thursday ending the day a touch higher, up $0.076, or 0.31%, at $19.61 an ounce. But the price of silver fell Wednesday after strong ADP data. The ADP report showed 238,000 jobs were added in December, above the 200,000 expected. The U.S. dollar index edged higher following the ADP report, and metals were clipped.After a solid start this year, silver prices have since slipped...
Silver Set to Double, According to… Apple?
- By Peter Krauth, Resource Specialist, Money Morning - December 10, 2013
We all have our reasons for following Apple. I track it because this tech behemoth is a massive global consumer of metals - base, rare earth, and precious.
And right now, Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe.Here's how the rumors flew...