• Gold: 1,263.63 7.83
  • Silver: 16.14 0.10
  • Euro: 1.180 0.005
  • USDX: 93.586 -0.346
  • Oil: 57.6 0.34

JPMorgan wins dismissal of silver price-fixing...

JPMorgan Chase & Co (JPM.N) has won the dismissal of a nationwide investors' lawsuit accusing the largest U.S. bank of conspiring to drive down silver prices.

For silver, being cheap is a good thing

After a nearly 9% dive in silver prices this month, investors should be able to breathe a sigh of relief as growth in industrial and investment demand gains pace, and calls of “oversold” conditions and “bargain” prices for the precious metal intensify.

U.S. Mint Silver-Coin Sales Surge After Temporary...

The U.S. Mint resumed sales of American Eagle silver coins after being suspended for more than a week because of a lack of inventory. The Mint sold 1.123 million ounces of the coins yesterday, Michael White, a spokesman in Washington, said in a voice mail left late yesterday in response to questions from Bloomberg News. Before the suspension, sales this month totaled 6.01 million ounces, according to data on the Mint’s website. That compares with 6.107 million ounces in January 2012. White did not respond to e-mails or a voice mail left today.

Strong Silver Jewelry Sales Reported During 2012...

Sterling silver jewelry sales continued their strong performance during the recent Holiday Season, according to industry observers and early retail sales surveys. Retailers across the country reported to Jewelers Circular Keystone that “Sterling silver was the shining star of the Holiday Season in all types of pieces and increasingly higher price points.” In a separate report, Liz Chatelain, President of MVI Marketing, said, “The silver with diamond category has now grown into a full-blown category to which every major retailer is committing shelf space and marketing budgets.”

U.S. Mint runs out of 2013 silver coins, suspends...

U.S. Mint has suspended sales of its 2013 American Eagle silver bullion coins after running out of stock due to soaring investor demand for the newly minted coins in the first two weeks of the year.

Biggest Silver ETF Adds 572 Tons in Largest Gain...

Holdings jumped 572 metric tons, or 5.9 percent, the biggest increase since December 2007, according to data on the iShares website today. BlackRock Inc. (BLK), the manager of the fund, confirmed the figures. The metal worth $579 million boosted assets to 10,735 tons, the most since May last year.

Fiscal Cliff Deal: What It Means For Gold And...

Gold and silver climbed along with the stock market on the first trading day of the New Year after lawmakers hammered out a deal to avoid the fiscal cliff, prompting investors to embrace more risk. Precious metals' strength coincided with the U.S. dollar and commodity currencies, such as the Canadian and Australian dollars.

Solar industry's silver usage drops as high...

Surging silver prices have cut demand from the solar power sector by a third this year from 2011's record highs, and the decline will continue next year as the industry that uses nearly 5 percent of global silver supplies scrambles to cut costs.

Silver Slumps To Biggest 3-Day Drop In Over A Year

On the back of no news and no fundamental shifts in demand and supply, Silver has cliff-dived 7.5% in the last 3 days, its biggest drop in over a year, as the precious metal heads back towards unchanged on the year. We suspect that, just as with the NatGas story earlier this year (when it went bidless and was justified by endless chatter over what it meant, when in fact it was John Arnold unwinding his positions and closing shop), the moves we are seeing in not just precious metals but copper and across FX are liquidation-related (as we noted yesterday) as fundamentally facts remain the same, given central bank buying of gold into reserves and the Fed set to hit a $4 trillion balance sheet within the next year).

Silver Vaults Stuffed Means Price Rising 30% in...

Silver Bullion Pte, one of Singapore’s largest suppliers of coins and bars to retail investors, says sales tripled since October, part of a global surge in demand that drove holdings to a record.