• Gold: 1,244.81 -8.12
  • Silver: 18.15 -0.08
  • Euro: 1.069 -0.008
  • USDX: 100.4 0.402
  • Oil: 50.38 0.78

James Turk: May silver options start expiring...

James Turk: May silver options start expiring today. Can the shorts keep silver under $18? Or will we see a short squeeze?

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Silver futures on track for best weekly advance...

Gold and silver futures soared Friday, marching higher as the dollar softened and investors bought assets perceived as havens to start July. Metals have benefited from worries sparked by the U.K.’s decision to exit the European Union, dubbed Brexit, roiled markets. But precious metals had retreated somewhat as appetite for risk lured buyers back into stocks over the past few sessions. August gold GCQ6, +1.50% gained $16.70, or 1.3%, to $1,337.50 an ounce. Trading has been choppy since futures prices marked their highest close since July 11, 2014, earlier this week. All told, gold futures prices are on track for a 1.1% weekly gain and up about 7% for the second quarter, according to FactSet data. Meanwhile, silver outpaced its sister metal, with September silver SIU6, +4.55% gaining 65 cents, or 3.5%, at $19.28 an ounce early Friday. Thursday’s close at $18.62 marked the highest settlement since mid-September of 2014. Futures prices are on track for an 8.3% weekly gain—the metal’s best since weekly advance in 15 months. Silver roughly 20% during the second quarter and are up nearly 40% so far this year.

Miner Sees Silver Price Surging Ninefold as...

“For an electronics manufacturer to come directly to us -- that tells me something is changing in the market,” said Keith Neumeyer, chief executive officer of First Majestic, the top stock in Canada and among its global peers this year. “I think we’ll see three-digit silver,” he said, predicting the metal could surge to $140 an ounce by as early as 2019.

Fresnillo eyes boost to silver output in 2016

"Mexican precious metals producer Fresnillo PLC (FRES.LN) said Tuesday that it expects double digit percentage growth in silver production this year after securing board approval for two expansion projects. Fresnillo, the world's largest primary silver producer and Mexico's second-largest gold producer, didn't say how much silver it planned to produce this year but the miner previously forecast it would produce up to 51,000 ounces of attributable silver this year, including 4 million ounces from the Silverstream supply contract, up 9% from 46,977 silver ounces produced last year."

Silver demand up 3.4% in 2015, highest on record...

Global silver demand totaled a record 36,407 mt in 2015, up 3.4% from 35,206 mt in 2014, the Silver Institute said Thursday. Total supply declined 1.2% to 3,276 mt in 2015, resulting in a third consecutive annual physical deficit of 4,040 mt, up 65% from a 2,445 mt deficit a year earlier. Although mine production was higher on the year, up 2.1% to 27,579 mt in 2015, it was not enough to offset a 13.2% decline in scrap supply to 4,544 mt.

Here’s what’s behind silver’s sterling rally (...

Silver has enjoyed an incredible surge recently, but some analysts doubt the sustainability of the metal's rally.

Silver Trades at 11-month Highs

"High-flying silver futures continued to trade at 11-month highs in Wednesday action due to industrial demand, while gold slipped after earlier tapping the closely watched $1,250 per ounce level. Global economic recovery hopes are helping silver to gain ground on gold, a largely financial market-driven instrument used as a hedge and for other purposes. The gold/silver ratio has dropped to below 74, its lowest level since early November. Silver futures are up about 23% this year, outperforming gold’s 18% rise. In early Wednesday trading, silver for May SIK6, +0.72% delivery advanced 4 cents, or 0.3%, to $17.02 an ounce on Comex. Silver earlier tickled $17.26 and is trading at its highest since late May, according to FactSet."

Silver Prices May Be Ready to Shine - After a...

"Is it time to add a little silver to the mix in your portfolio? Investors doing so will need to be cautious and patient at the same time. The market has certainly bounced considerably recently following a brutal years-long bear market where the value of the metal fell dramatically. The slide in prices started in early 2011, when the price fell from $48.70 a troy ounce to $13.71 by late last year, according to data from the London Bullion Market Association. Prices have subsequently rebounded to more than $16 an ounce as investors piled in. "We are seeing very strong investment demand and that makes me think silver prices can move higher," says Jeff Christian, managing partner at consulting firm CPM Group in New York, and a multi-decade veteran of the commodity markets."

Silver futures post highest close in nearly a year

Silver futures rallied Tuesday, posting their highest finish in almost a year, while gold futures rose to a one week high, with the U.S. dollar-denominated metals getting a boost from weaker greenback. Silver for May SIK6, +4.41% delivery advanced 71.9 cents, or 4.4%, to settle $16.972 an ounce on Comex. That’s the highest close since late May, according to FactSet.