By Pia Rivera
David Morgan, author of the Morgan Report, spoke to INN about the precious metals market after the US presidential elections, the silver fix, and the effect of a possible Fed rate hike.
Corvus Gold (TSX:KOR)announces the initial results from the 2016 phase II drill program at its North Bullfrog property in Nevada (Table 1). The initial two holes were targeted for expansion potential at the north end of the YellowJacket system, both at depth and laterally to the current deposit (Figure 1).
By Jocelyn Aspa
Last year, the silver price dropped drastically from $18.29 an ounce at the beginning of 2015 to $13.83 to kick start 2016. No doubt, the silver price has been on the rebound this year, rising 42.66 percent back up to $19.62. Here are a few silver price predictions.
Writing for Goldseek.com, Chris Powell of the Gold Anti-Trust Action Committee (GATA) wrote about Deutsche Bank’s confession to gold and silver market reading and what it could mean for investors in the space.
As quoted in the publication:
Deutsche Bank may not be culpable enough to be obliged to make whole every gold and
Visual Capitalist published an infographic that looks at silver’s biggest wining and losing streaks since 1970. Overall, the metal has seen 58 gains and 38 losses, with its three biggest winning streaks occurring when the Hunt brothers cornered the silver market.
SilverSeek.com reported that last month, the US Mint achieved the best sales of American Eagle silver bullion coins that it’s ever seen for the month of February. During the period, the mint sold 4,782,000 coins.
Addressing those concerned about the silver price Anthony said, “I think selling now — likely you’ll be upset if you do.”
The Silver Institute put out a press release that outlines its thoughts on 2016 silver market trends. Among others things, the firm believes that the silver price should “find solid ground this year.” Furthermore, it sees the silver deficit increasing on the back of lower supply.
Thomson Reuters GFMS published its “Interim Silver Market Review,” commenting that it expects the silver price to average $15.51 per ounce in 2015. Through to November 13, the price had averaged $15.91, down 18.3 percent from the same period last year.
Natcore Technology (TSXV:NXT) announced last week that it had achieved a breakthrough in solar cell technology, creating a solar panel in which silver has been replaced by aluminum. The substitution has not resulted in any loss of performance.