By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
The 2015 silver price chart shows silver prices got dinged this week.
After an impressive start to the year where the spot price of silver marched above $18 and hit a four-month high, it fell back down another 7.5% this week. The price of silver per oz. closed yesterday (Thursday) at $16.915.
Don't panic. Now is the perfect time to reiterate the reasons to buy silver...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices this week are up 3%.
That's just after a week where silver prices jumped 7.6% – the most productive week-long advance for silver than any one week in 2014.
Here's what is driving silver prices to four-month highs...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices today are soaring.
Investors are wondering: why are silver prices up today? And why now?
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices this year fell 20%, making 2014 the second straight year of declines for the white metal.
After closing 2013 at $19.565 an ounce, the spot silver price bounced between $18.50 and $22 for most of the year. Then it crashed through key support levels in September. Silver prices then began a descent to four-year lows.
Silver prices typically follow in gold's footsteps. But silver has fared even worse than gold recently.
While gold is down 37% since peaking at $1,900 in 2011, silver has shed 67% since topping at $49 that same year. This makes our 2015 silver price forecast even more critical.
Let's look at all the factors that will drive silver prices in the new year...
Precious metals haven't grabbed dramatic headlines like oil and gas have.
But the story is no less exiting. And the metals remain a fundamentally critical part of the global economic and strategic landscape.
Indeed, gold and silver took roller coaster-like rides throughout the year, both screeching towards their respective price lows before bouncing, albeit cautiously, ahead.
With the benefit of hindsight and the value of foresight, it's time to look at how gold and silver acted in 2014, and what we can do to profit in 2015.
Let's start with the yellow metal...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices in December are particularly volatile.
They looked to be gaining slightly from the punishing five-month slide they were experiencing for most of the last six months.
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
For the second consecutive year, the U.S. Mint has logged record silver coin sales for the American Silver Eagles.
Sales of the popular .999 one-ounce silver coins totaled 495,000 on Monday, taking the 2014 sales tally to a record 42,854,000. That whopping figure handily beat the 2013 record of 42,675,000 silver coins.
Here's what's behind the robust silver coin sales, plus a look ahead at 2015...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices this month will be bound by a few headwinds.
This is despite an optimistic November for the white metal, which has been beat up for this second half of 2014.
Here's what to expect for the next month, and when silver will begin to reverse its fortunes.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices in 2014 are disappointing, at least in this second half of the year.
There are two very easily identifiable factors holding back price gains. Watching these factors will tell us when silver will turn around.
