South American Silver Corp declared its first closure of $6.4 million on 16 April 2012. Final closing is expected to take place on or before May 11, 2012, for the remainder of the Offering. Continue reading
According to the Reuters report, the U.S silver stocks hit the highest mark on April 16, 2012. A spokesperson at US exchange operator CME group that owns COMEX reached 284.28 million ounces on the day.
Because of increasing prospects of volatile prices on silver, the imports into India are about to fall up to 27% in 2012 even though the import duty is unchanged. This statement is firmly said by the head of the country’s biggest bullion importer. Continue reading
Legislators in the United States are showing interest in introducing alternatives to paper money in their respective constituents. More than a dozen US states have stated interest in issuing an alternative currency, particularly the debut of gold and silver coins.