Why Silver Prices Are Dropping Today
Silver prices are taking a dive today (Thursday) on the heels of encouraging economic news, profit-taking, and anemic summer trading.
Here's a closer look at how low the white metal will go.
The Six-Week Silver Price Rally Ends on Summer Trading and Renewed Confidence
Barring a big surge later in the day, silver prices are likely to finish down on the week for the first time since the last week of May.
Here's why silver has traded higher during these typically slow summer weeks..
Silver Prices Post Slight Gains in Slow Week
Silver prices have had a slow week, but popped today after news broke on this event.
Here’s what happened, and what’s driving silver long term.
Here's Why the Price of Silver Is Up for Its Sixth Week in a Row
The price of silver is up for the sixth week in a row, refusing to languish in the summer doldrums, which have historically kept the white metal from sustaining rallies into July and August.
Here’s why the trend is reversing this year…
Silver Price Today Cushioned by Solid Demand
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
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
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
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
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...
Investing in Silver: Singapore Supplier Opens Vault on Soaring Demand
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 Show Long-Term Profit Potential
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
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
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
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
Silver, like gold, has had a difficult year. After sliding 36.3% in 2013, the precious metal ended January down 4%. But at the same time, there have been signs that a turnaround is in the offing. Yesterday silver edged up 1%, and
It now appears to be on the brink of a major rally...