By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Heading into the week silver prices were cooling off from a June rally, potentially signaling the start of the summer doldrums, when the white metal generally sees weak trading.
But a new release from the Fed this week is one of the big reasons why silver prices are up today…
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices have been sideways this week, cooling off from a mid-June rally sparked by inflation-minded investors wary of the U.S. Federal Reserve's dovish talk.
But the second half of the year looks good – here's why …
But the second half of the year looks good - here's why ...
The prospect of investing in silver in 2014 started off looking dismal. Silver was down by almost 50% since the beginning of 2013. However, the commodity appears to be making a comeback, rising 12.5% in June alone.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
Silver prices got a slight bump this week, as traders continue to feed into the momentum of precious metal investments generated by fear of earlier-than-expected interest rate hikes. Silver prices are up about 1.3% on the week to $21.13 as of 12:17 p.m. today (Friday).
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
Silver prices today (Friday) are still on the rise after ripping through the $20 an ounce level Thursday.
July Comex silver was trading up $0.20, or 0.95%, at $21.10 in morning trading Friday. The silver price hasn't seen today's $21 level since March 17.
Here’s what’s behind the move.
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
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…
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
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...
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
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…
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
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.
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
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...
