Avrupa Minerals (TSXV:AVU) is pleased to report the assay results from the final five 2016 drill holes in the Gossan Extension Zone at the Slivovo Gold project in Kosovo.
Avrupa Minerals (TSXV:AVU) reported drill results from its Slivovo project in Kosovo. Hole SLV 011 intercepted 30 meters of 6.92 grams per tonne of gold and 16.2 grams per tonne of silver. Phase 1 and 2 drilling has been completed at the project, and phase 3 drilling has commenced.
Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) announced results from holes SLV 005 and SLV006 at the Slivovo prospect in Kosovo. SLV005 hit a 12-meter intercept of 12.2 g/t gold and 8.02 g/t silver at a depth of 27.40 to 39.40 meters.
ETF Trends reported that although the price of silver is falling, the holdings of silver exchange-traded funds (ETFs) continue to increase.
Bloomberg reported that so far this year, ETFS Physical Silver Shares (ARCA:SIVR) is up 6.4 percent. The news outlet states that though that exchange-traded fund (ETF) “isn’t as big or well-known as the $6.7 billion iShares Silver Trust (SLV),” it “does the same thing for nearly half the cost.”
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
Scott Carter, CEO of Lear Capital, maintains that despite pressures on gold such as a taper of QE, the metal still has strong fundamentals going for it.
NASDAQ reported that the ETFS Physical Palladium Shares (NYSE:PALL) is up 3.4 percent this year, unlike the SPDR Gold Shares (NYSE:GLD), which has slipped 22.4 percent, and the iShares Silver Trust (NYSE:SLV), which is down 35.3 percent year to date.
Despite recent price drops, gold as a long term investment is still viable, says Scott Carter of Lear Capital.