Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now.Silver carries the precious and industrial metal tag due to...
The U.S. Mint will limit dealers' purchases of its "America the Beautiful" five-ounce silver bullion coins when they go on sale next week because strong demand exceeds the mint's inventory.The mint has been allocating sales of its more popular American Eagle silver bullion...
"The mining industry is under attack," said Keith Neumeyer, the chief executive officer of First Majestic, a Canadian silver miner that spends about 10 percent of its annual budget on security costs. "We have armed guards around all of our mines; 10 years ago we didn't have any security."...
CME Group Inc said on Thursday it will launch a 1,000-ounce silver futures contract, set to begin trading in June, in a bid to boost trading volume in the precious metal.CME Group's new product is set to compete with NYSE Liffe's existing 1,000-ounce mini silver futures contract, which...
After a nearly 9% dive in silver prices this month, investors should be able to breathe a sigh of relief as growth in industrial and investment demand gains pace, and calls of “oversold” conditions and “bargain” prices for the precious metal intensify. “Silver is grossly...
The U.S. Mint resumed sales of American Eagle silver coins after being suspended for more than a week because of a lack of inventory.The Mint sold 1.123 million ounces of the coins yesterday, Michael White, a spokesman in Washington, said in a voice mail left late yesterday in response to...
Sterling silver jewelry sales continued their strong performance during the recent Holiday Season, according to industry observers and early retail sales surveys. Retailers across the country reported to Jewelers Circular Keystone that “Sterling silver was the shining star of the Holiday Season...
U.S. Mint has suspended sales of its 2013 American Eagle silver bullion coins after running out of stock due to soaring investor demand for the newly minted coins in the first two weeks of the year.Sales to authorized dealers will resume on or about the week of Jan. 28 after...
Assets in iShares Silver Trust, the biggest exchange-traded fund for the metal, climbed the most in five years as more investors are seeking an alternative to gold.Holdings jumped 572 metric tons, or 5.9 percent, the biggest increase since December 2007, according to data on the iShares...
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