Credit: Rob Lavinsky, iRocks.com – CC-BY-SA-3.0
Peru, the second-largest silver producing country globally, is experiencing a downfall in the silver market. Eclipse to the profits of mining companies in Peru is the indicator of decreasing financial benefits of companies.
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South American Silver Corp declared its first closure of $6.4 million on 16 April 2012. Final closing is expected to occur 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.
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Because of increasing prospects of volatile silver prices, the imports into India are about to fall up to 27% in 2012 even though the import duty is unchanged. The head firmly says this statement of the country’s biggest bullion importer. Continue reading
Credit: Flickr / Marco Vernch / CC-BY 2.0
Legislators in the United States show interest in introducing alternative s 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.
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Gold Resource Corp. – a low-cost gold producer, is launching the Gold and Silver Dividend Program on April 10, 2012, for its shareholders.
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Though silver is one of the precious metals, it is also used as a raw material in various industrial processes.
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Though silver is looked upon as secondary or metal with lesser importance than gold, many people don’t know that silver is far more in demand for its industrial usage.
On Monday, 5th March 2012, Royal Canadian Mint unveiled new commemorative 99.99% pure silver collector coins to mark the 100th anniversary of the Titanic sinking that went down on April 15, 1912.
Silver ingot. Credit: Aatze78 / CC-BY-SA 3.0
The weak global economy has had negative effects on the markets of almost every commodity. But, the market of silver, a commodity considered one of the precious metals, is flourishing like never before!
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