Now that the silver price has broken through the important $18.50 level, will it reach $21 during this current rally? Silver was up 70 cents for the day (Monday). However, after Dallas, Fed President Kaplan announced today that the “Emergency Facilities” used to support the economy might be pulled back,…
Today, both silver and gold broke above important technical levels. The gold price hasn’t been this high since September 2011 when it peaked at $1,923 during that month. Silver finally pushed through the critical $18.50 level and closed at $19.16, according to prices on Stockcharts.com. First, let’s look at silver. …
The world’s second-largest silver producer saw its mine supply fall by one-third due to lockdowns stemming from the global contagion. When the Peru Ministry of Mines released its metals production figures last month for April, the country’s domestic silver mine supply fell by a stunning 74%. Then on July 3rd,…
With Mexico finally releasing its mine supply data for April, the top two silver producers saw their combined silver output decline by 53%.  To give you an idea of the amount of lost silver mine supply from Mexico and Peru, it was more than all the global gold production that…
What a difference in the gold and silver prices since yesterday, eh? On the last day of trading in June, both gold and silver hit important technical levels. Gold closed at $1,800, and silver closed at $18.64. And, during early Asian trading, both metals were up nicely. However, that all…
In the newest precious metals update, Tom Cloud discusses the platinum market, U.S. Dollar troubles, and is your money safe in banks. Tom says that more individuals and companies are moving some of their cash out of banks and into physical metals than he as ever seen before. Americans are…