Silver Headlines

Silver to become the new gold – Credit Suisse

Strategists at Credit Suisse have noted a great silver performance lately and expect the white metal to look for the $26.22 resistance on a break above $21.14. What’s more, Gold/Silver ratio shows the latter is in line to extend its outperformance.  “Silver continues to push its way higher and there are seen clear similarities between price action now and that of gold last year. However, only above 19.65/21.14 would see a multi-year base confirmed, with next resistance then…

Silver Is Not a Secondary Metal

With recent trend reversals in the gold/silver ratio gaining in momentum, we could see SLV bulls in a strong position to outperform relative to many of their commodities counterparts. Since the middle of March 2020, the iShares Silver Trust has already experienced rallies that would have been thought of as impossible just a short time ago and this makes it a great time to learn how to trade CFDs in silver markets. Bullish investors have been decisive in response to updated assessments of the…

Silver, copper prices mark an impressive recovery from March lows

At their lowest level in March, silver futures were down as much as 34% YTD

Hidden silver found at castle occupied by Nazis; Diary may lead to more treasures

Included in the 103 silver objects that were discovered were homeware, including goblets and cutlery. They were primarily made in Austria or Poland, the news outlet added.

Silver climbs just over 2% for the week

Peter Spina, president and chief executive officer at GoldSeek.com, referred to the forecast as a “strong promotion from Goldman Sachs,” following sideways trading for gold in the last couple of months.

Silver on track for second weekly gain

Goldman Sachs raised its three, six and 12-month estimates for silver to $19, $21 and $22 per ounce

The U.S. bank also raised its three, six and 12-month estimates for silver to $19, $21 and $22 per ounce from $13.5, $14 and $15 per ounce, respectively. 

Montreal Police search for Suspects in $10M Silver Heist

In January, a container holding 596 bars of silver was stolen from a LaSalle transportation company by suspects who allegedly used fake documents to take possession of the items.

Powell repeats Fed to use full range of tools to aid economy

With a full U.S. economic recovery out of reach until the coronavirus pandemic is brought to heel, the Federal Reserve will use its “full range of tools” to cushion households and businesses, Fed Chair Jerome Powell told lawmakers on Wednesday.

U.S. Treasuries saw second month of heavy foreign selling in April: foreigners sold $176.7 Billion

On a transaction basis, foreigners sold $176.703 billion in Treasuries in April, compared with sales of $298.910 billion in March, the U.S. Treasury Department said.