The silver price is up more than 2% in early trading today (Monday) to $15.33, continuing a 2016 rally for the precious metal.
The silver price is now up nearly 10% since the end of January.
Silver prices were aided in the past week by a surprise move from the Bank of Japan, which instituted negative interest rates. Statements about dollar strength by the New York Fed's president last week also boosted the silver price.
The silver price is up more than 2% in early trading today (Monday) to $15.33, continuing a 2016 rally for the precious metal.
The silver price is now up nearly 10% since the end of January.
Silver prices were aided in the past week by a surprise move from the Bank of Japan, which instituted negative interest rates. Statements about dollar strength by the New York Fed's president last week also boosted the silver price.
Despite the dip over the last several days, we're still bullish on the price of silver in 2016.
Spot silver prices slipped $0.04, or 0.25%, to $13.82 in morning trading Tuesday because of a stronger U.S. dollar and stabilization in Chinese markets.
Silver prices today are hovering around $14.28 an ounce, down nearly 10% for the year. Silver linings have been hard to come by lately in this precious metal market.
On Nov. 11, the silver price had declined for 10 trading sessions, a rare event in the markets. The $4.5 billion iShares Silver Trust (NYSE: SLV) has followed silver, also down for 10 straight days.
But we've seen some encouraging signs lately that point to higher silver prices in 2016...
Silver prices today were trading up $0.12, or 0.78%, at $15.64. That puts silver prices at a one-month high and 8% above July’s six-year low.
Silver prices this week were climbing after a trio of unexpected moves from China’s central bank to devalue its closely regulated yuan.
And the price of silver today has jump started spending on the precious metal...
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 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.
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%.
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...
In this time of economic uncertainty, investing in silver and other precious metals instruments is a must.
By devoting even a small portion of a portfolio to precious metals, investors gain valuable protection against inflation, stock market drops, and any other repercussions from Washington's debt-ceiling drama.
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While silver demand among U.S. traders at the moment is muted, silver demand in India - the world's biggest buyer of the white metal - is insatiable.
It will be one of the biggest factors supporting higher silver prices in 2014.
And it all stems from a move the government made to limit gold buying...
And it's created a rare opportunity for silver investors right now...
Thanks to that "party animal" Ben Bernanke, silver prices today are enjoying a nice bounce.
That's because the U.S. Federal Reserve chairman, along with the other members at the Federal Open Market Committee (FOMC) meeting yesterday, decided to keep the quantitative easing (QE3) flowing steady with $85 billion of bond buying per month.
After the Fed announcement, silver prices rallied by 5.5% to more than $23 an ounce. That's the precious metal's biggest one-day gain since June 28.
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Back in June when silver hit a 34-month low, nay-sayers thought the metal would be dead as an investment for many months - if not years. They couldn't have been more wrong. Since then silver is up 34%, and there are three huge reasons why this surge still has a long way to go...
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