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Due to dim demand from stockists, both precious metals, gold and silver, continue to lose for the second consecutive session. Both the precious metals showed a run-down phase in the national capital. Continue reading
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Being the largest consumer of gold and the fourth-largest consumer of silver, India highly influences the trade of precious metals. Winter is the season full of festivals, and festivals in India are closely related to buying precious metals. Hence, the winter triggers the transactions of precious metals in the Indian market and influences the price movements of gold and silver. Continue reading
PD Photo / US Department of Treasury
The slowdown of economic growth in the US and China, along with the mountain of debt in the Eurozone, has the global economy tottering on the edge of a recession similar to the one in 2008. Similar circumstances have elicited panic, driving down global markets. However, the precious metals gold and silver showed gains, though the performance of silver was not as impressive as of gold. Compared to last year, the demand for gold increased by 3.23 %, while that of silver increased by 1.85. The less demand for silver is a possible indicator for the slackened demand for silver for industrial purposes. Continue reading
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The prices of silver kept on rising in mid-July and reached about $40.55 per ounce. However, spot silver prices fell on July 19 and touched $39.53 per ounce because of cut down by $1.022. Many analysts believe that another reason for fluctuating silver price is due to investors’ reactions who are concerned about the approaching August 2 deadline for the Eurozone debt, the US debt ceiling and the US Federal Reserve hinting at the third round of quantitative easing (QE3). As a consequence of the market scenarios, the prices of silver might be changing. However, the long-term prospects for valuable metals just like silver are profitable because of debt and loose monetary policies, which are there to stay. Continue reading
China was the market for almost 23 % of the international consumption of silver. If you have been wary of investing in silver, now is definitely the time to reconsider. The Hong Kong Mercantile Exchange has just started trading on silver futures. This will grant Asians direct access to the dollar-denominated Chinese silver futures and lower the US prominence in the trading of silver bullion. Continue reading
Silver Horn Mining Ltd is a mining company that explores silver mining resources. The Company announced its acquisition of the Tip Top Mine in Yavapai County, AZ. The company’s position has strengthened in the mineral-rich soil of the Bradshaw Mountains with this acquisition, along with the possession of the ‘76’ Mine. Continue reading
Market trends suggest that the demand for silver has drastically decreased. However, silver is trying to maintain its influence over industries. It is a precious metal for safe investment. This might be because of its counterpart, gold, which is much dearer than silver, and it can also combat economic issues of life. However, everybody can’t afford to invest in gold. That is why people have started investing in silver. Continue reading