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Silver prices gained in major metros in India. In Chennai market, Pure silver (999 purity) was up by Rs 700 to Rs 44500 and in Delhi market, it was up by Rs 500 to Rs 45000. In Mumbai market it was up by Rs 260 at Rs 45240. Spot Silver Rates for 1 KG in major metros in India: City Silver 999 Change (Rs) Mumbai [...]
Peter Krauth writes: All bull markets go through periods of consolidations and corrections. And precious metals are no exception. There has been plenty about gold’s swan dive, but less talk about silver. And at this point there’s more potential for silver than gold…significantly more. Because the global silver market is relatively small, silver prices tend [...]
The biggest mover on the weekly Global Precious Metals MMI® was the price of US silver, which saw a 9.9 percent decline. Last week marked the fourth in a row of declining prices for the metal. The price of Chinese silver fell 7.8 percent over the past week. This was the fourth week in a [...]
Silver prices will end this year at a lower average than last year’s average of $31.15 per ounce, the Silver Institute said Wednesday. “That expected decline will be largely due to the sell-off we’ve just seen in the last couple of weeks,” said Neil Meader, head of precious metals research and forecasts at London-based Thomson [...]
Silver prices could return to above $30 an ounce yet in 2013 if catalysts should occur to reignite fund demand, such as a weaker U.S. economy or if cantankerous U.S. budget and debt-ceiling talks prompt another downgrade of the country’s debt, a leading precious-metals consultancy said Wednesday. “For the moment, we would expect to see [...]
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