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World silver mine supply climbed to a fresh record high in 2011, yet investment demand was robust enough to enable the average price to also hit a record high for the year, according to the World Silver Survey 2012 released by the Silver Institute Thursday. In volume terms, new world investment dipped marginally from a [...]
Record levels of silver investment demand, focused mostly on the physical metal, coins and bars, drove average prices for the metal to record highs last year, although a repeat performance is not likely in 2012. According to the World Silver Survey 2012, the average price for the metal that is best known for its use [...]
Gold prices edged up by Rs 10 to Rs 28,900 per 10 gm in the national capital today on scattered buying by retailers for the ongoing wedding season amid a firming global trend. However, silver held steady at Rs 56,600 per kg in the absence of worthwhile support. Buying activity in gold picked up on local buying and [...]
Silver sales for industrial applications as well as for jewelry, coins, silverware and photography should climb 3 to 5 percent this year as end-users replenish inventories that ran low late last year due to an economic slowdown, said the head ofThomson Reuters GFMS, a respected metals research firm. However, the metal’s price may not test all [...]
Mexican precious metals miner Fresnillo PLC FRES.LN Wednesday said first quarter silver production was in line with expectations, while gold production was above expectations, as it commissioned its new Noche Buena gold mine. Fresnillo, the world’s largest primary silver producer and Mexico’s second largest gold producer, said attributable silver output, including silver from its Silverstream [...]
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