• Gold: 1,263.23 7.43
  • Silver: 16.15 0.11
  • Euro: 1.180 0.005
  • USDX: 93.568 -0.364
  • Oil: 57.6 0.34

Sprott Physical Silver Trust Prices Follow-on...

Sprott Physical Silver Trust (the "Trust") (NYSE: PSLV / TSX: PHS.U), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has priced its follow-on offering of 20,500,000 transferable, redeemable units of the Trust ("Units") at a price of US$13.15 per Unit (the "Offering"). As part of the Offering, the Trust has granted the underwriters an over-allotment option to purchase up to 3,075,000 additional Units. The gross proceeds from the Offering will be US$269,575,000 (US$310,011,250 if the underwriters exercise in full the over-allotment option).

China Silver Demand to Advance to Record on...

Silver demand in China, the world’s second-largest user, is set to jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co.

Judge throws out CFTC's position limits rule

A U.S. judge handed an 11th-hour victory to Wall Street's biggest commodity traders on Friday, knocking back tough new regulations that would have cracked down on speculation in energy, grain and metal markets.

Hedge Funds Bullish on Silver as Hoard Nears...

Hedge funds are the most bullish on silver in seven months and investors’ holdings are expanding toward a record on speculation the metal will outperform gold as central banks seek to boost growth.

Silver in ETPs Set for Record as Central Banks...

Silver assets in exchange-traded products are poised to expand to a record, joining the biggest-ever hoards of gold and platinum, as increased stimulus from the world’s central banks spurs investors to amass precious metals.

Silver Continues To Inspire Investors

Investors are continuing to be bullish on silver in 2012, increasing their holdings of the precious metal that are at near record levels, said the Washington, D.C.-based Silver Institute today. Investors have so far purchased more than 32 million ounces of the white metal through silver-backed exchange-traded products this year. Exchange-traded fund holdings now total more than 608 million ounces with a value of $20.5 billion through September 15.

Gold, Silver Prices Surge After Fed Fires Up QE3

Gold and silver prices blasted to fresh six-month highs as the dollar nose-dived after the Federal Reserve dropped the bomb — a highly anticipated, third round of quantitative easing.

Fed launches big stimulus, to buy bonds until...

The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially.

Silver steals the spotlight from gold

Silver has been a top performer among major metals this year, and it looks set to continue to steal the spotlight from gold, with investment and industrial demand for the white metal expected to rise.

Silver Hoard Near Record as Hedge-Fund Bulls...

At a time when hedge funds are the least bullish on silver in almost four years, investors’ holdings are near a record, siding with the analysts predicting a rally as central banks move to bolster growth.