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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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.
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Though 2011 showed a comparatively low future for silver and gold, the new year has an optimistic future and options for Chinese investors.
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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
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