Silver erased slight losses seen in Asia and London and rose to as high as $17.966 in early New York trade before it fell back to $17.727 by a little before 10AM EST, but it then rose to a new session high of $18.099 by early afternoon and ended with a gain of 1.87%. Read the Closing Report
With silver attracting headlines, cult-like following, and higher prices, silver investors should be on high alert for a scam being perpetrated on the internet. Newly minted fake coins are finding their way from Chinese counterfeiters to Ebay and then to investors who unknowingly purchase $20 rounds that are in reality only a few dollars worth of metals. Full Story
With silver on a bull run, you might be tempted to take some cash out of your silver holdings. However, if you're like most silver investors, who have an array of different silver coins, rounds, and other metal pieces, you might just be able to cash in without reducing your total holdings. Full Story
Few investment opportunities arise in our lifetime like silver. The stage is set for a silver price percentage gain of extraordinary magnitude! Forget the popular refrain of “Got Gold?” and make some additions to your portfolio to take advantage of the coming silver supernova! Full Story
According to Commissioner Chilton, it seems clear that the new law abruptly alters the former debate of whether the Commission should adopt strict position limits in COMEX silver into what the position limits in COMEX silver should be. This is a remarkable transformation. Suddenly, it’s a question of what the position limits in silver should be and when they should be enacted, not if we should have them. Full Story
The traditional rule that gold always trades within a range of 20 to 70 times the value of silver may quickly be tested as the financial markets lose their fear and again start investing in stocks, bonds and other investments. Full Story
I got a June 2010 brochure from silverinsidersreport.com that contained an interesting fact about SLV, the Exchange Traded Fund (ETF) for silver, which is that Peter Keusgen, the writer, says that SLV is “the main alternate source of storage” of silver and “which accounts for around 50% of world silver inventory”! Wow! Full Story
Almost 70 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high as $10,000 per ounce (or more) before the parabolic top is reached. As such, just imagine what is in store for silver given its historical price relationship with gold. Full Story
Summing up, even though precious metals will likely move upwards slightly in the coming days, this may be the beginning of a bigger downswing in silver, gold and mining stocks. We caution that these moves higher may only be temporary (particular caution is necessary if one wishes to trade this move), as they are driven to a great extent by possibility of a consolidation in the Euro Index. Please note that this is not the end of the bull market for silver; in fact. Full Story
At breakfast I told the kids that I was instituting some new austerity measures around here, and they became so insistent that I heard all about how this was going to “ruin” them and their stupid social lives that I did not have to tell them that I was going to use the money to buy silver, which would have sent them ballistic. Full Story
Silver is still cheaper than it was 30 years ago, unlike any other commodity. It is both a precious metal and an industrial commodity. Supplies are used up in industrial processes so stocks are less than one hundredth the size of gold reserves. Full Story
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