Precious Metals News
Displaying 11 to 20 of 55
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13 May 2021
Silver is up over 70% in a year. Here’s why experts say it could have further to go
(Read more)[CNBC] Demand for the precious metal has shot up in the past 12 months. Silver was trading around $27 an ounce on Wednesday, a 74% rise from a year ago when the spot price was around $15.5 per ounce.
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12 Apr 2021
Singapore Dealer Prepares Vault for 15,000 Tons of Silver
(Read more)[Bloomberg]: The vault that’s being built by Silver Bullion Pte Ltd. will -- when completed in the first half of next year --- be able to store 15,000 tons of silver.
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18 Mar 2021
Worth its weight in gold: Why silver is the horse to back when markets recover
(Read more)[Investment Week]: 'Silver is the horse to back when markets recover, as it can rise sharply over a short period, as we saw in 2020...the long-term gold-silver ratio still shows silver is undervalued...the World Gold Council supports this [idea that there's more mileage in gold price] citing the emerging markets recovery benefitting consumer demand, central bank demand not wavering and improved mine production.'
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10 Mar 2021
‘Empire of Silver’ Review: Eastern Standard
(Read more)[WSJ Reporting] From the 15th century through the 1930s, the Chinese were stuck with silver money. Without access to credit, the Middle Kingdom yielded economic primacy to England and later the USA. This important story is related in “Empire of Silver,” a quirky, though instructive, monetary history by Jin Xu, a Shanghai-based editor at the Financial Times Chinese.
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08 Mar 2021
Gold rebounds from 9-month trough on U.S. stimulus, lower bond yields
(Read more)[Reuters] Gold rebounded on Monday from a nine-month low hit last week, as bond yields retreated and the passage of a massive U.S. stimulus package boosted bullion's appeal as a hedge against inflation. Spot gold rose 0.4% to $1,707.81 per ounce by 0523 GMT, after hitting its lowest since June 8 at $1,686.40 on Friday.
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05 Mar 2021
American Gold & Silver Eagle Bullion Coin Sales Surge Upward in 2021
(Read more)Newsmax: Due to the COVID-19 pandemic, industrial demand was down 7%, but physical investment demand rose 16%, from 186.1 million ounces in 2019 to 215.8 million ounces in 2020. When the global economy picks up in 2021, industrial demand will likely soar, while investment demand could also increase, pushing silver prices up further.
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05 Mar 2021
No Respect: Gold, Silver, Bitcoin and Debt
(Read more)M.Ballanger: "The culprit... was a global pandemic...which allowed the perfect cover....for the large money-center banks to get "reliquefied" as custodians of the COVID-19 bailout binge. That binge has taken stocks to record highs, as economic activity collapsed and now represents an even greater threat to human survival than the actual virus."
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03 Mar 2021
USA Today: Gold, silver and other precious metals poured in to the U.S. as purchases of other overseas items dropped. Here's why.
(Read more)USA Today: 'The value of precious metals pouring into the country hit a 19-year high last year, a $55 billion influx that doubled the volume of 2019...In the first five months of last year, Switzerland shipped about 286 tons of gold to the U.S. – more than it had in all of the preceding 10 years combined, according to Standard Chartered Bank.'
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02 Feb 2021
Silver Coin Sites Seize Up as Buying Frenzy Takes Hold
(Read more)“We have seen unprecedented demand for physical silver,” Gregor Gregersen. “The demand is broad-based and deep as we have witnessed both a record number of orders as well as new record size orders over the past 24 hours.”
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01 Feb 2021
Silver Coin Sites Grind to a Halt as Reddit Horde Takes Aim
(Read more)Retail sites were overwhelmed with demand for silver bars and coins on Sunday, suggesting the Reddit-inspired frenzy that roiled commodities markets last week is spilling over into physical assets.