Silver Futures Move in Sync with Gold
Although silver has a strong industrial base and demand in its own regard, investors at this time are considering it a haven of safety similar to gold, and consequently what is happening with gold is what is happening with silver, as far as price movements go.
Again, what that tells us is silver isn't being acquired for its industrial demand and use, but rather for its resistance to tough economic conditions and uncertainty in a similar way gold is.
Until that changes, we'll probably see the two move together as they have so many times in the past.
Silver Futures Move in Sync with Gold
Showing posts with label Silver Metals. Show all posts
Showing posts with label Silver Metals. Show all posts
Wednesday, March 10, 2010
Sunday, January 25, 2009
Silver: Prices Ready to Breakout?
The place to put our money in 2009 will probably be in silver, gold and oil. I don't see any of them disappointing over the year. Already oil has a super contango going, with guaranteed profits built in with little or no risk.
Silver and gold are almost ensured the same thing, as the US dollar starts its inevitable collapse and decline, and investors rush to safety in the two metals.
Silver and gold futures, along with ETFs should also perform strongly, as the deleveraging and forced liquidation periods of investment funds and companies seems to be winding down. That's why we see money flowing to this precious metals.
It's also the reason the dollar will continue to drop for some time, as the artificial circumstances that allowed it to remain temporarily strong are now gone with the forced liquidation and deleveraging period, and so nothing stands in the way of silver futures and gold futures moving up in price.
Another reason 2009 looks good, is energy costs are down, which play a big part in the cost of mining silver, which with the timing of the economic conditions, is nothing but favorable for silver in 2009.
While there's no doubt that gold futures and prices will flourish in 2009, reaching heady numbers, in terms percentages percentages, silver futures will probably even outproduce gold futures as an investment, and bring some very good returns themselves.
One thing to consider with the pricing of silver is there are two components involved, just like their is with platinum, as they're both significant industrial metals as well as investment metals.
That means much may depend on how investors view silver as to how high it will go. If they look at it strictly from an industrial demand point of view, it may not rise as high as expected, because demand for industrial silver could definitely fall this year.
But view it primarily from as an investment metal, and silver will shine in 2009, as silver futures soar to dizzying heights.
One last thing about silver futures prices soaring this year, is they're denominated in U.S. dollars, while most silver mining companies are foreign, and not working from the dollar. That means that locally, prices are falling while the metal prices are soaring. What could be better than that for silver investors everywhere?
Well, those in America have the pesky problem of a currency falling in value, so exchange rates could hurt them depending on how things are structured and the silver company they've invested in, if that's how they went about doing it.
Either way, silver futures and investment in some silver mining companies and ETFs, should be one of the few solid investments available to those looking to not only salvage their money, but have it work for them too.
A few commodities will be hot this year, and silver will be one of them.
Silver and gold are almost ensured the same thing, as the US dollar starts its inevitable collapse and decline, and investors rush to safety in the two metals.
Silver and gold futures, along with ETFs should also perform strongly, as the deleveraging and forced liquidation periods of investment funds and companies seems to be winding down. That's why we see money flowing to this precious metals.
It's also the reason the dollar will continue to drop for some time, as the artificial circumstances that allowed it to remain temporarily strong are now gone with the forced liquidation and deleveraging period, and so nothing stands in the way of silver futures and gold futures moving up in price.
Another reason 2009 looks good, is energy costs are down, which play a big part in the cost of mining silver, which with the timing of the economic conditions, is nothing but favorable for silver in 2009.
While there's no doubt that gold futures and prices will flourish in 2009, reaching heady numbers, in terms percentages percentages, silver futures will probably even outproduce gold futures as an investment, and bring some very good returns themselves.
One thing to consider with the pricing of silver is there are two components involved, just like their is with platinum, as they're both significant industrial metals as well as investment metals.
That means much may depend on how investors view silver as to how high it will go. If they look at it strictly from an industrial demand point of view, it may not rise as high as expected, because demand for industrial silver could definitely fall this year.
But view it primarily from as an investment metal, and silver will shine in 2009, as silver futures soar to dizzying heights.
One last thing about silver futures prices soaring this year, is they're denominated in U.S. dollars, while most silver mining companies are foreign, and not working from the dollar. That means that locally, prices are falling while the metal prices are soaring. What could be better than that for silver investors everywhere?
Well, those in America have the pesky problem of a currency falling in value, so exchange rates could hurt them depending on how things are structured and the silver company they've invested in, if that's how they went about doing it.
Either way, silver futures and investment in some silver mining companies and ETFs, should be one of the few solid investments available to those looking to not only salvage their money, but have it work for them too.
A few commodities will be hot this year, and silver will be one of them.
Monday, December 29, 2008
iShares Silver Trust Bullion Increases by 30.69 Tons on December 26
iShares Silver Trust (SLV) increased its physical bullion holdings by 30.69 tons on December 26, the highest level since the latter part of October.
The iShares Silver Trust fund is the largest ETF backed by silver in the world. They now have a total of 6,792.99 tons of bullion on hand, against the 6,762.3 tons they had on December 24.
Since the early part of December, silver tonnage held by the trust is up 1.5 percent or 106.24 tons.
The iShares Silver Trust fund is the largest ETF backed by silver in the world. They now have a total of 6,792.99 tons of bullion on hand, against the 6,762.3 tons they had on December 24.
Since the early part of December, silver tonnage held by the trust is up 1.5 percent or 106.24 tons.
Wednesday, October 22, 2008
Pan American Silver President and CEO Geoff Burns Upbeat about Future Prospects
With no debt and an eighth mine about to be opened soon in Argentina, Pan American Silver president and CEO Geoff Burns is positive about the future of the company.
Burns acknowledges that profit margins have fallen as forced liquidity continues to pummel the commodity market, yet the company has positioned itself strongly in contrast to other debt-laden competitors.
In economic challenges like the one we're in, those companies with less debt and solid operations will far outperform those who will struggle just to survive, let alone thrive.
"We have no debt and have never had any significant quantity of debt. We make our investment decisions on our operating properties and in our new constructions activities based on fundamental rates of return," said Burns.
Once liquidity comes back into the overall market, the underlying fundamentals are the same as before the financial crisis, and consumers and investors will gravitate back toward the safety of gold and demand of silver.
Burns added the company will still be able to remain profitable at $11 silver and $850 gold.
While India and China are experiencing slower growth, they will still offset the contraction of Western countries, and maintain a demand for base metals, although a slower one.
Pan American Silver is looking to produce around 25 million ounces in 2009.
Burns acknowledges that profit margins have fallen as forced liquidity continues to pummel the commodity market, yet the company has positioned itself strongly in contrast to other debt-laden competitors.
In economic challenges like the one we're in, those companies with less debt and solid operations will far outperform those who will struggle just to survive, let alone thrive.
"We have no debt and have never had any significant quantity of debt. We make our investment decisions on our operating properties and in our new constructions activities based on fundamental rates of return," said Burns.
Once liquidity comes back into the overall market, the underlying fundamentals are the same as before the financial crisis, and consumers and investors will gravitate back toward the safety of gold and demand of silver.
Burns added the company will still be able to remain profitable at $11 silver and $850 gold.
While India and China are experiencing slower growth, they will still offset the contraction of Western countries, and maintain a demand for base metals, although a slower one.
Pan American Silver is looking to produce around 25 million ounces in 2009.
Friday, April 11, 2008
Silver News Weekend Roundup
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Penoles' Silver Unit Fresnillo to Raise $900 Million
Industrias Penoles SAB, the world's largest silver producer, plans to raise about $900 million by selling shares in its Fresnillo Ltd. unit to expand mines and cut debt. Penoles rose to a record on the Mexico stock exchange.
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Precious Metal Surprise: Silver a Real Comer
Hi-o Silver! After years of being thought of as a backwater of precious metals, and even threatened with demotion to an industrial metal, silver is back in the spotlight. The effect on common date silver coins couldn't be more welcome to collectors and investors, and is helping the market as a whole.
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Alberta Star Intersects 3.0 Meters of 25.3 g/ton Silver at the Camelback IOCG & Uranium Target
Alberta Star Development Corp. (OTCBB: ASXSF) is pleased to report that the Company has received assay results from the final four holes of a seventeen hole drill program from the 2007 summer/fall drill program at the Camelback IOCG & uranium target. The Company encountered 3.0 meters of 25.3 g/ton silver in drill hole number CB-07-08.
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PRECIOUS METALS: Gold, Silver Plunge
Silver futures for May delivery fell 35.3 cents, or 2 percent, to $17.69 an ounce, capping a 0.4 percent decline for the week. The metal is still up 19 percent this year.
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COT Silver Report - April 11, 2008
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Fundamental analysis for precious metals silver
Silver moved yesterday in the upside trend until the key resistance level at 18.40s. However as it lacked the strength to breach the mentioned resistance level, it fell to hit the critical support level at 17.85. Therefore, we expect silver to continue in the downside direction.
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Penoles' Silver Unit Fresnillo to Raise $900 Million
Industrias Penoles SAB, the world's largest silver producer, plans to raise about $900 million by selling shares in its Fresnillo Ltd. unit to expand mines and cut debt. Penoles rose to a record on the Mexico stock exchange.
=====
Precious Metal Surprise: Silver a Real Comer
Hi-o Silver! After years of being thought of as a backwater of precious metals, and even threatened with demotion to an industrial metal, silver is back in the spotlight. The effect on common date silver coins couldn't be more welcome to collectors and investors, and is helping the market as a whole.
=====
Alberta Star Intersects 3.0 Meters of 25.3 g/ton Silver at the Camelback IOCG & Uranium Target
Alberta Star Development Corp. (OTCBB: ASXSF) is pleased to report that the Company has received assay results from the final four holes of a seventeen hole drill program from the 2007 summer/fall drill program at the Camelback IOCG & uranium target. The Company encountered 3.0 meters of 25.3 g/ton silver in drill hole number CB-07-08.
=====
PRECIOUS METALS: Gold, Silver Plunge
Silver futures for May delivery fell 35.3 cents, or 2 percent, to $17.69 an ounce, capping a 0.4 percent decline for the week. The metal is still up 19 percent this year.
=====
COT Silver Report - April 11, 2008
=====
Fundamental analysis for precious metals silver
Silver moved yesterday in the upside trend until the key resistance level at 18.40s. However as it lacked the strength to breach the mentioned resistance level, it fell to hit the critical support level at 17.85. Therefore, we expect silver to continue in the downside direction.
=====
Friday, April 4, 2008
Silver News Around the Web
Purchase of silver in Nepal soars despite rising world prices
In Nepal, the purchase of silver has gone up tremendously despite rising world prices.
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Mexivada Intersects up to 1.18 kg/t Silver in Drill Holes at La Republica Silver Mine, Mexico
Mexivada Mining Corp. is pleased to report the assay results from the final five drill holes from its Phase 1 program at its La Republica silver-gold-zinc-lead property, Yecora Mining District, Chihuahua, Mexico.
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Silver Wheaton: 2007 silver reserves more than triple year-over-year
Silver Wheaton (NYSE:SLW) Corp. said Thursday its proven and probable silver reserves increased to 346.4 million ounces as of Dec. 31, 2007, from 102.2 million at the end of 2006
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Fundamental analysis for precious metals silver - 4/4/2008
Silver yesterday rallied in both directions to end the day with some bullish tendency. This move affected the technical indicators to point to the bullish patterns for today as long as silver remains above the critical level at 17.20s.
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Apogee Releases Additional High Grade Results From the Pulacayo Silver Deposit, Bolivia-Including 8.0 Meters Grading 558.75g/t Silver in Hole PUD-063
Apogee Minerals Ltd. (Munich:A9K.MU) reports additional high grade intercepts at the Pulacayo silver-zinc-lead deposit, southern Bolivia.
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Sage Gold Inc.: High Grade Gold and Native Silver Drill Intercept-Onaman
Sage Gold (CDNX:SGX.V) is pleased to report on the latest assays from the 2008 drill program on the Lynx #1 mineralised zone, on the Onaman Project, near Beardmore, Ontario.
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Silvercorp Metals Inc.: Drilling and Tunnelling Discover High Grade Silver-Lead Veins in the LM Silver-Lead Mine in the Ying Silver District, Henan Province, China
Silvercorp Metals Inc. ("Silvercorp") (Toronto:SVM.TO) is pleased to provide an update on its LM Silver (Ag)-Lead (Pb) Mine.
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In Nepal, the purchase of silver has gone up tremendously despite rising world prices.
=====
Mexivada Intersects up to 1.18 kg/t Silver in Drill Holes at La Republica Silver Mine, Mexico
Mexivada Mining Corp. is pleased to report the assay results from the final five drill holes from its Phase 1 program at its La Republica silver-gold-zinc-lead property, Yecora Mining District, Chihuahua, Mexico.
=====
Silver Wheaton: 2007 silver reserves more than triple year-over-year
Silver Wheaton (NYSE:SLW) Corp. said Thursday its proven and probable silver reserves increased to 346.4 million ounces as of Dec. 31, 2007, from 102.2 million at the end of 2006
=====
Fundamental analysis for precious metals silver - 4/4/2008
Silver yesterday rallied in both directions to end the day with some bullish tendency. This move affected the technical indicators to point to the bullish patterns for today as long as silver remains above the critical level at 17.20s.
=====
Apogee Releases Additional High Grade Results From the Pulacayo Silver Deposit, Bolivia-Including 8.0 Meters Grading 558.75g/t Silver in Hole PUD-063
Apogee Minerals Ltd. (Munich:A9K.MU) reports additional high grade intercepts at the Pulacayo silver-zinc-lead deposit, southern Bolivia.
=====
Sage Gold Inc.: High Grade Gold and Native Silver Drill Intercept-Onaman
Sage Gold (CDNX:SGX.V) is pleased to report on the latest assays from the 2008 drill program on the Lynx #1 mineralised zone, on the Onaman Project, near Beardmore, Ontario.
=====
Silvercorp Metals Inc.: Drilling and Tunnelling Discover High Grade Silver-Lead Veins in the LM Silver-Lead Mine in the Ying Silver District, Henan Province, China
Silvercorp Metals Inc. ("Silvercorp") (Toronto:SVM.TO) is pleased to provide an update on its LM Silver (Ag)-Lead (Pb) Mine.
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