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Silver Headlines

Missed the gold rush? There’s a SILVER lining!

August 17, 2020
By SilverSeek

"Silver is likely to continue its outperformance,” Manoj Jain, Director / Head of Commodity and Currency Research, Prithvi Finmart, told NDTV. He added that “The dollar value is on the decline as US growth is at an all-time low. Discovery of a Covid-19 vaccine will lead to a rebound in global industrial activity and push silver rates still higher." Gold, which is a traditional safe-haven asset at a time of economic uncertainty and a hedge against inflation, is also likely to do…

As silver trades near seven-year highs, here’s why investors continue to pile in (CNBC)

August 14, 2020
By SilverSeek

But silver has seen even bigger percentage gains in recent weeks.  “It seems like silver is going for the gold medal,” said Mobeen Tahir, associate director of research at exchange-traded product provider Wisdom Tree.  The silver spot price, it’s real-time value, reached $29 an ounce last week, according to Reuters data. It has since pulled back slightly but still stands at almost $27 an ounce. This represents a seven-year high and a gain of nearly 39% since mid-July when the…

Precious Metals Update Video: Big rally again in Silver

August 14, 2020
By SilverSeek

The thing that bothers me are the wide ranges, which is hard to manage risks as a trader.

Silver for immediate delivery climbs most since December 2014 (Bloomberg)

August 13, 2020
By SilverSeek

Silver for immediate delivery climbed as much as 8.7% to $27.7207 an ounce, the biggest intraday increase since December 2014. The metal rose 2.9% on Wednesday and slumped 15% on Tuesday. The Bloomberg Dollar Spot Index headed for a second straight decline. “The dollar index broke down a bit today, but there’s a lot of people that are on the sidelines that are looking to get back in and are chasing back into gold and silver right now,” Phil Streible, chief market strategist at Blue Line…

Biggest Discount Since 2008 Opens Up in $16 Billion Silver ETF (Bloomberg)

August 13, 2020
By SilverSeek

Silver’s wild ride this week is driving the steepest discount since 2008 in the world’s biggest ETF tracking the metal. BlackRock Inc.’s $16.2 billion iShares Silver Trust exchange-traded fund, ticker SLV, plunged 14% on Tuesday alongside spot prices. However, the ETF tracks the London Bullion Market Association’s silver price -- which is calculated once a day at an auction and was little changed. The result was a more than 11% discount between SLV and its underlying holdings as the…

Silver dives over 13%, biggest daily decline since Oct. 2008, as equities surge (Reuters)

August 11, 2020
By SilverSeek

  * Gold on track for worst day since June 2013 * Silver plunges 13.8%, biggest daily decline since Oct. 2008 * U.S. PPI rebounded more than expected in July * Gold is down over $100 since Monday’s close https://www.reuters.com/article/global-precious/precious-gold-crashes-over-4-silver-dives-as-equities-back-in-vogue-idUSL4N2FD3IT

Silver Crashes Most Since Lehman Bankruptcy (zerohedge)

August 11, 2020
By SilverSeek

  https://www.zerohedge.com/markets/silver-crashes-most-lehman-bankruptcy

Silver vs. Gold: How the Two Metals Compare as Investments (WSJ)

August 10, 2020
By SilverSeek

So far this year, investors in gold and silver have made out like bandits, especially when you compare the returns of the world’s two best-known precious metals with those of stocks.

Silver Loses Shine in Top Buyer (India) as Prices Rocket to Record High (Bloomberg)

August 09, 2020
By SilverSeek

Imports by India declined 47% during Jan.-June: Metals Focus Benchmark futures in India have rallied more than 60% Silver consumption in India is set to halve in 2020 as buyers, mainly from rural areas, skip purchases amid surging prices and a weak economy. Imports by the world’s biggest consumer may tumble by as much as 50% this year from about 6,000 tons in 2019, according to Chirag Sheth, a consultant at London-based Metals Focus Ltd. Imports were down by nearly…

The Big 8 Are Still Mega-Short Silver and Gold

August 09, 2020
By Ed Steer, Gold and Silver Digest

JPMorgan is out of its short positions in both silver and gold -- and may be in platinum and palladium as well, but there's no way to know that.

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