A Great Opportunity To Top Up On Silver & Gold

The stock market has taken a substantial fall in the last two days. The question is whether this is due to the dawning realization by investors that they have been living in a fantasy world. Read more

Gold And Silver Sink

From a peak of over $1220 an ounce at the beginning of December the spot gold price has sunk today to just $1080 an ounce, with silver following suit from touching $19.50 an ounce to below $17.00 an ounce.

So why the loss of faith in the safe haven metals as governments keep churning the money printing machines hoping that pumping and priming their pet projects for garnering popularity and keeping the recession at bay will continue to meet with instant public approval? Read more

Silver To Fly To the Moon?

Much has been written about silver in the last few days that if only half factual should as good as guarantee that silver price will fly to the moon before very long.

We read, for example, that about five billion ounces of gold-silver-set/”>gold is present above ground in the world with a value today of circa five trillion US dollars whereas today there is only one billion ounces of silver left worth only circa seventeen billion US dollars. Read more

Gold and Silver Set To Go Off With A Bang

Gold and silver have started the shortened US trading week with a bang.

Eastern trading saw the metals advance into higher territory with early morning in Europe consolidating the gains.

Gold has powered through $1005 and as we write (03:50 EST) and has touched $1006.50.

Silver has fared even better with a 3% rise since Friday’s close to $16.75 an ounce. Read more

Is Now The Time To Invest In Silver?

Since the beginning of August gold“>spot gold has stayed within a $36 range, less than a 4 % movement between peak and trough. That this has been due to factors such as Indian jewelry demand falling while China has increased its buying, a more or less range bound dollar and oil also staying more or less around the $70 a barrel mark is undeniable. Read more

Gold, Silver and Platinum All Fall

Gold, Silver and Platinum all fall to two month lows before gold crawls back from below $906 an ounce to $914 an ounce in Thursday’s NY morning trading.

That gold has lost its lustre in the last few weeks is as much due to its midsummer annual doldrums as any other single factor. Read more

What Is Happening To World Silver Demand?

World silver mine production rose by 4% in 2007 to 670.6  million troy ounces.

Total world demand for silver rose fell to 894 .5 million troy ounce from 913.7 million troy ounces in 2006 continuing the significant excess of demand over supply.

• Usage in industrial applications in 2007 amounted to 455.3 million troy ounces, an increase of 30.5 mt ounces over 2006.
  

• Demand in the silver jewelry and silverware sectors fell in 2007 by 5.3 mt ounces to 222.2 mt ounces.
  

• Photographic demand continued to fall in 2007 to a total of 128.3 mt ounces, a drop of 15.7 mt ounces from the previous year.

• Coins and medals make up the balance of demand with little change year on year at 37.8 mt ounces in 2007.

• Recycling of old and new scrap accounts for a substantial amount of silver becoming available annually. Read more

Is Gold /Silver Ratio Important?

One of the effects of a financial crisis in the past has often been a narrowing of the gold/silver price ratio.

In what is promising to be a recession equal or worse than the thirties, that ratio is now running true to form.

As the crisis deepens can we reasonably expect the ratio to continue to narrow, meaning that if gold continues its bull run, as is now the consensus opinion of analysts, then will silver climb faster percentage wise than its yellow metal cousin? Read more

Why Are Indian Investors Attracted To Silver?

The world’s biggest silver ETF, the iShares Silver Trust has holdings of the metal at an all time high of nearly seven thousand six hundred tonnes, up by more than 10 % already this year.

Drivers of silvers’ strength are said to be Indian investors attracted to silver as a less costly store of value than gold and the buying activity of fund managers.

Last year saw gold gain over 5% while silver fell out of favour with a fall of near 24% over the same period.  Now it looks like silver has regained the comfort zone above $13 an ounce with there are indications that it can move onward from here. Read more