• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

Silver Fixing Company to Stop Running London...

The company that runs the London silver fixing, a benchmark dating back more than a century, will stop running the process after Deutsche Bank AG said two weeks ago that it was dropping out of the price-setting ritual.

The Infinite Monkey Theorem confronts infinite...

GATA frequently writes to about two dozen journalists at mainstream financial news organizations about matters indicating manipulation of the monetary metals markets, alerting them to all new documentation and evidence we've discovered, so that none of those organizations can claim not to have known what was going on, only to have ignored it.

Silver Vault for 600 Tons Starting in Singapore...

Silver Bullion Pte, a Singapore supplier of coins and bars to retail investors, opens a 600 metric ton vault tomorrow as investor demand increases.

Survey Shows Exceptionally Strong U.S. Silver...

Silver jewelry sales in the United States were robust in 2013, with 73% of jewelry retailers reporting increased sales last year, according to “Silver Jewelry Buying Trends,” a survey conducted by the prominent jewelry trade publication “National Jeweler” on behalf of the Silver Institute’s Silver Promotion Service. The survey also finds that silver jewelry has become an increasingly important category for many jewelers for the past several seasons, both in driving sales and providing margin.

Silver Bullion Coin Sales Rose to Record High in...

Strong investment demand for silver drove global sales of one-ounce silver bullion coins to an all-time record high in 2013, while early indications suggest that investors’ interest in acquiring silver coins is healthy in the opening weeks of 2014.

Silver Slump to Last Through 2016, CPM Group’s...

The metal will average $24 an ounce this year, Erica Rannestad, a commodity analyst at New York-based CPM, said in a telephone interview before the release today of the research company’s 208-page study on industry trends from 2013 to 2022. That estimate was down 23 percent from the Comex futures average of $31.187 in 2012. Last year, the metal dropped 12 percent from 2011.

CFTC Closes Investigation Concerning the Silver...

The Commodity Futures Trading Commission (CFTC or Commission) Division of Enforcement has closed the investigation that was publicly confirmed in September 2008 concerning silver markets. The Division of Enforcement is not recommending charges to the Commission in that investigation. For law enforcement and confidentiality reasons, the CFTC only rarely comments publicly on whether it has opened or closed any particular investigation. Nonetheless, given that this particular investigation was confirmed in September 2008, the CFTC deemed it appropriate to inform the public that the investigation is no longer ongoing. Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets.

Why investors like silver more than gold

Investors have taken a big interest in silver lately and their infatuation looks set to continue this year, despite gold’s advance.

U.S. Silver-Coin Sales Top 2012 as Investors Buy...

Sales of American Eagle silver coins by the U.S. Mint this year surpassed the total for all of 2012 as investors snap up precious metals at a record pace and spark a rebound in prices. About 33.75 million ounces of the silver coins were sold so far in 2013, compared with 33.74 million in 12 months last year, according to data on the mint’s website. In January, sales reached an all-time high of 7.498 million, and averaged 3.65 million a month since then as demand heads closer to the annual record of 39.868 million reached in 2011.

Silver Climbs to Highest Since May as Prices...

Silver futures rose to the highest since May, entering a bull market, as equities slumped and the dollar declined, increasing demand for the precious metal as an alternative investment.