Silver prices | Today's Silver Prices And Silver Investing News - Money Morning

Silver prices | Today&#39;s <b>Silver Prices</b> And Silver Investing News - Money Morning

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Today&#39;s <b>Silver Prices</b> And Silver Investing News - Money Morning Posted: 02 Dec 2010 02:00 AM PST With the Silver Price Low, Demand for Physical Silver Sets a Record It's like Money Morning Global Resources Specialist Peter Krauth has been saying: A low silver price doesn't scare away investors; it draws them in. As silver prices slumped 36% in 2013, retail investors took advantage of the dips and sent physical silver demand up 13% to an all-time high, according to World Silver Survey 2014. Here's what else is moving demand for physical silver today... Spike for Silver Prices Ahead? This Options Activity Suggests So After rising as much as 16% earlier this year, silver prices are now nearly unchanged year-to-date. They're up just 0.2%, while gold has gained 7.2%. The silver price isn't the only number that's lagging... Silver's option activity sits near a decade low. That's highly unusual - and won't last. In fact, the low activity suggests some big changes ahead for the white metal… Silver Price to Keep Rising on Safe-Haven Demand The silver price was modestly higher Friday amid mounting geopolitical tensions that have stoked bullish options activity. In early afternoon trading, spot silver was last up $0.03, or 0.15%, at 19.78 an ounce. The metal traded as low as $19.57 and as high as $19.92 in another volatile session. The white metal went on a rollercoaster ride Thursday, but here's why silver's in the bulls' corner moving forward... Silver Prices Move Higher Amid Stock Market Sell-Off, Dovish Fed Silver prices spiked some 2%, or $0.51, to $20.49 an ounce intraday Thursday before closing the session up $0.37 to $20.14 an ounce. The gains came as the U.S. stock markets sold off sharply. Stocks sank even after the Labor Department reported U.S. weekly jobless claims dropped to a seven-year low, a sign of ongoing recovery in the labor market and the economy. But what we care about is the big picture. Here's what's ahead for silver... Silver Prices Slip in 2014's Q1 but Consumer Demand Still Solid Spot silver prices rose $0.07, or 0.4%, to $19.86 an ounce midday Monday as precious metal traders and investors gear up for a busy week ahead. Market participants remain guarded, with a spate of U.S. economic data flooding in as the week wears on. Capping the busy week will be Friday's closely watched March jobs report. Meanwhile, Monday caps the end of 2014's first quarter. So let's take a look at silver... Investing in Silver: Singapore Supplier Opens Vault on Soaring Demand Amid frenzied demand to buy and store silver, a Singapore retail supplier of coins and bars opened a new 600-metric-ton vault on Monday. The sizable Silver Bullion Pte. Ltd. storage facility can hold some $390 million worth of silver (at Friday's prices of $20.33 per ounce). Known as The Safe House, the new facility is located west of Changi International Airport. At present, it keeps some 37 tons of silver, mostly for its retail clients, behind a secure 2.5-ton stainless door. Here's what that means for investing in silver... Silver Prices Today Rebound After Taking a Hit from FOMC Silver prices today (Friday) were modestly higher as bargain hunters stepped up to buy the dips. In early trading, spot silver last traded up $0.11 to $20.45. It's been a volatile and punishing week for silver. In morning trading Thursday, silver futures for May delivery slumped 2.3% to $20.355 an ounce, on pace for the biggest drop since March 7. That put white metal prices heading for their fourth consecutive day of losses, the longest streak since Nov. 13... Silver Prices Today Show Long-Term Profit Potential Buoyed in early trading by a flight to safety amid simmering turmoil between Ukraine and Russia, silver prices today are showing signs of life. In morning trading Friday, the price of silver rose $0.62, or 2.44%, at $21.89 an ounce. While the white metal slipped $0.148 Thursday to finish the session at $21.25 an ounce, the dip came on mild profit taking. Silver had a stellar showing Wednesday, ending up 2.66%, or $0.55, at $21.33. Here's why this is an important catalyst for higher silver prices over the week... Silver Prices Today: Expect Continuing Rally in Coming Months Even though silver prices today (Friday) are down a relatively flat 0.59%, they're up more than 10% so far in February, and the rally won't end here. This is where silver prices are heading in early 2014 - and how they're getting there... Pan American Silver (Nasdaq: PAAS) Notches Victory over Lower Silver Prices Despite lower silver prices, Vancouver's Pan American Silver Corp. (Nasdaq: PAAS) reported strong earnings yesterday (Thursday) that sent its shares soaring 6.28% over the day - and up to an 8.35% gain through Friday. At first glance, Pan American's story may appear grim. In 2013, silver prices fell 35.7%, and Pan American shares fell right alongside, for a remarkably similar 35.57% loss across the year. Thursday's earnings posted a net loss of $293.1 million, or $1.94 per share, during Q4 2013. Penny Stocks: Today's Biggest Movers A number of penny stocks showed investors some love today (Friday) with huge share-price climbs. While the Dow Jones Industrial Average rose just under 1% by 2 p.m., these hot penny stocks were up double digits. Following are five of Friday's biggest low-priced movers. Silver Prices Today: Buy Now Before the Pop Silver, like gold, has had a difficult year. After sliding 36.3% in 2013, the precious metal ended January down 4%. But at the same time, there have been signs that a turnaround is in the offing. Yesterday silver edged up 1%, and It now appears to be on the brink of a major rally... Silver's Rally Could Mean Another 1,000% Run Let's face it, 2013 was rough on silver. The precious metal started out the year at $31, and ended at $19.50, continuing an overall slump dating back roughly to mid-2011. That, however, obscures a massive run, like gold, that silver embarked on in 2001 when it was near $4, eventually topping out around $49 in April 2011. At its peak it generated a return of 1,091%. Heading into 2014, I've pinpointed a number of key drivers - some often missed - that say silver may be poised for another spectacular run... Silver Prices Today Could Slip on Jobs Numbers Precious Metals News: Silver prices today could slip if the December jobs report comes in higher than expected. Silver prices traded in tight range Thursday ending the day a touch higher, up $0.076, or 0.31%, at $19.61 an ounce. But the price of silver fell Wednesday after strong ADP data. The ADP report showed 238,000 jobs were added in December, above the 200,000 expected. The U.S. dollar index edged higher following the ADP report, and metals were clipped. After a solid start this year, silver prices have since slipped... Silver Set to Double, According to… Apple? We all have our reasons for following Apple. I track it because this tech behemoth is a massive global consumer of metals - base, rare earth, and precious. And right now, Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe. Here's how the rumors flew...

Gold, <b>Silver</b> Drop in May; US Mint Coins Mixed | Coin News Posted: 31 May 2014 11:16 AM PDT Precious metals were mixed in May as were sales of US Mint bullion coins Gold prices declined for a fifth straight session to end at a new four-month low, sinking 3.5% for the week and 3.9% for the month. Gold for August delivery on Friday dropped $11.10, or 0.9%, to settle at $1,246 an ounce on the Comex division of the New York Mercantile Exchange. The settlement price was the lowest since gold closed at $1,239.80 an ounce on Jan. 31. "Gold has been trading in a compressing range since March with prices being supported by geopolitics, while the broad strength in stocks has kept pressure on precious metals," MarketWatch quoted Tyler Richey, an analyst for the 7:00′s Report, which offers daily markets commentary. "This week, it was a combination of the Ukrainian elections going smoothly as well as the break to new all-time highs in the S&P [500] that sent gold futures plummeting to lows not seen since early February," he said. "Going forward, inflation remains the key catalyst and although there are signs that inflation is bottoming (not only domestically but globally), it's not going to be enough to initiate a gold rally just yet." Gold's 3.9% monthly loss was the worst of the year. Gold prices gained 0.9% in April, fell 2.9% in March, surged 6.6% in February, and jumped 3.1% in January. Gold has increased $43.70, or 3.6%, since ending 2013 at $1,202.30 an ounce. Gold Outlook Majority participants in the latest Kitco News survey are bearish about gold prices next week. Eighteen participants expect prices to trade lower, 7 see prices rising and 2 see prices trading sideways or are neutral. Kitco News reports that: "Those who see weaker prices continuing say now that gold fell through the technical-chart wedge formation, further losses are possible… Those who see prices rising next week said gold could see a bounce after such a sharp break… Those who see prices sideways or are neutral say gold prices may try to stabilize after this week's selloff." Participants were divided in last week's survey by Kitco. Silver, Platinum and Palladium Futures Silver also extended its losing streak to five sessions, and plummeted 3.8% for the week and 2.6% for the month. On Friday, silver for July delivery lost 33 cents, or 1.8%, to close at $18.68 an ounce. Silver prices turned down on the year as a result of this week's declines. The white metal is off 3.6% from the 2013 close of $19.37 an ounce. PGM futures split on Friday and for the week but climbed in May. In the Friday and weekly breakdowns: July platinum shed $7.40, or 0.5%, to $1,452.70 an ounce, falling 1.4% from a week ago. Palladium for September delivery added $1.85, or 0.2%, to $836.35 an ounce, gaining 0.6% from a week ago. In May, gains tallied to 1.7% for platinum and 2.9% for palladium. For the year so far, platinum has jumped 5.7% and palladium has soared 16.4%. London Fix Precious Metals London precious metals fixings were mixed. When comparing the London bullion fix prices from Thursday PM to Friday PM: Gold slipped $4.50, or 0.4%, to $1,250.50 an ounce, Silver rose 15 cents, or 0.8%, to $19 an ounce, Platinum gained $17, or 1.2%, to $1,464 an ounce, and Palladium added $6, or 0.7%, to $836 an ounce For the week, palladium climbed 1% while the other metals registered declines of 3.2% for gold, 2.2% for silver and 1.3% for platinum. Monthly gains totaled 2.8% for platinum and 4.1% for palladium while monthly losses tagged in at 2.9% for gold and 1.5% for silver. US Mint Bullion Sales in May While U.S. Mint bullion figures for May are not likely to change, the bureau has not officially closed the month out. CoinNews.net will later publish a more detailed analysis but as the numbers stand now: American Eagle gold coins gained 35,500 ounces after sales of 38,500 ounces in April. Sales for the year so far are at 217,500 ounces, well lower than last year's five-month total of 572,000 ounces. 2014 American Eagle silver coins rose 3,988,500 in May compared to 3,569,000 in April. Silver Eagle sales for the year have been rationed by the U.S. Mint and stand at 21,436,500, for the second quickest pace for a year through May 30. Last year holds the record for the period, barely, at 21,768,500. Sales of the silver coins slowed sharply in the last two weeks. In related coin news, on Friday the U.S. Mint announced that it was no longer allocating Silver Eagle sales. U.S. Mint distributors can begin ordering as many as they want beginning on Monday. American Buffalo gold coins gained 12,500 compared to 17,500 in April. The monthly total is the third highest this year. 2014 America the Beautiful Five Ounce Silver Bullion Coins advanced 23,100 after gaining 10,600 in April. Most of the increase came from sales of the Shenandoah coin that launched on May 5, 2014. American Platinum Eagle coins climbed 1,000 in May after rising 1,200 in April. The platinum coin is in its 12th full week of release following a five-year hiatus. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold on Friday, last week, this week, last month, in May, and the year-to-date. American Eagle and Buffalo Bullion Sales (# of coins) Friday Sales Sales Last Week Weekly Sales April Sales May Sales YTD Sales $100 American Platinum Eagle Bullion Coins 0 300 0 1,200 1,000 12,200 $50 American Gold Eagle Bullion Coins 500 11,000 6,500 26,000 29,000 155,500 $25 American Gold Eagle Bullion Coins 0 0 0 5,000 3,000 25,000 $10 American Gold Eagle Bullion Coins 0 0 0 20,000 6,000 68,000 $5 American Gold Eagle Bullion Coins 5,000 10,000 5,000 55,000 35,000 325,000 $50 American Buffalo Gold Bullion Coins 1,000 3,000 3,500 17,500 12,500 95,500 $1 American Silver Eagle Bullion Coins 125,000 300,000 426,500 3,569,000 3,988,500 21,436,500 Great Smoky Mountains National Park 5 Oz Silver Bullion Coins 0 500 0 10,600 4,000 27,000 Shenandoah National Park 5 Oz Silver Bullion Coins 0 200 1,700 N/A 19,100 19,100

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