Silver bulls are getting louder and growing in number. Why all the new love for the silver price and how high it can go?
There many reasons to be bullish on silver, which we'll go over today.
By Cameron Saucier, Associate Editor, Money Morning -
Silver bulls are getting louder and growing in number. Why all the new love for the silver price and how high it can go?
There many reasons to be bullish on silver, which we'll go over today.
But there's one specific buying trend that will be a key price driver in 2016...
By Cameron Saucier, Associate Editor, Money Morning -
Silver bulls are getting louder and growing in number. Why all the new love for the silver price and how high it can go?
There many reasons to be bullish on silver, which we'll go over today.
But there's one specific buying trend that will be a key price driver in 2016...
By Diane Alter, Contributing Writer, Money Morning -
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 -
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 -
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 -
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 -
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...
By Diane Alter, Contributing Writer, Money Morning -
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...
By Diane Alter, Contributing Writer, Money Morning -
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...
By Diane Alter, Contributing Writer, Money Morning -
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...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
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...
By Diane Alter, Contributing Writer, Money Morning -
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.
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
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...
By Peter Krauth, Resource Specialist, Money Morning -
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%.
By Diane Alter, Contributing Writer, Money Morning -
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...
By Peter Krauth, Resource Specialist, Money Morning -
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.