By Jocelyn Aspa
Silver prices appear to be continuing their downward trend, dropping sharply on August 21 from $19.25 per ounce to to $18.82 per ounce as of 2:07 p.m. EST on August 23, hitting an overall two week low.
The significant drop Sunday night, however, marked a seven-week low, with pressures of
Yesterday, Wall St. Cheat Sheet published an article by Christopher F. Davis that outlines the case for investing in silver along with three ways to do so. Those include buying physical silver, purchasing shares of exchange-traded funds that track the silver price and investing in individual silver companies.
At the Vancouver Resource Investment Conference, David Morgan, publisher of the Morgan Report, said he sees silver rising to the $30 to $34 range in 2014.
Diane Alter of Money Morning reported that investors are now investing in silver at a higher rate than gold, noting that the iShares Silver Trust (ARCA:SLV), which is physically backed by silver, received $88.2 million in new money last month. Alter believes that this positivity is likely to continue, meaning
The global rally for gold underway since late June will soon translate to juniors, says Brien Lundin, CEO of Jefferson Financial and the publisher/editor of Gold Newsletter. With so many undervalued companies in safe North American jurisdictions, he sees no reason to add sovereign risk to a portfolio. In this
Hundreds of silver investors in the US have something in common. They’ve lost money in a $90-million scam.
It’s not uncommon for people to speak about the “gold to silver ratio” or describe silver with affectionate terms like “poor-man’s gold,” and though there are undoubtedly some similarities in regards to the recent bullish performance of the two precious metals, their uses are quite different—particularly in industry and technology.
Fearing the rise of inflation due to the reluctance of central banks to change historically low interest rates, investors are looking to silver. This practical guide shows newbie investors how to enter the silver market in all forms, either in bullion, ETFs, futures contracts, or through direct investment in mining
Silvermonthly.com reported on Investing in Silver Mining Stocks:
There are many reasons to own silver. One reason is that owning silver and its big brother -gold-is a safe way to protect wealth against the ravages of irresponsible governmental fiscal and monetary policies. Another very good reason is the basic situation of
Business-Standard.com reports the first ever silver ETF to debut in Mumbai, India.
Benchmark AMC has filed an offer document with Sebi for a silver exchange-listed fund, the first ever in India. The fund would invest in units of overseas mutual fund schemes, including exchange-traded funds investing in silver or securities/instruments linked to