Silver rises on speculative trade, gold declines

Silver prices rose further at the bullion market here today on hectic buying from speculators and stockists on the back of a strong rally in global markets. Gold, however, declined owing to profit selling amidst subdued demand from jewellery makers despite firm overseas trend. Silver ready (.999 fineness) hardened by Rs 490 per kg to end...

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Silver Futures Climb, Gold May Advance on Europe Debt, Inflation Concerns

Silver futures gained and gold may extend its two-week rally as Europe’s debt crisis and accelerating inflation draw investors seeking to protect their wealth. Gold priced in yuan rose to a record. Silver for July delivery jumped as much as 1.4 percent to $38.395 an ounce, extending last week’s 7.9 percent gain, in electronic trading on...

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Silver prices settle, but sales continue to soar

The great silver rush of 2011 is charging ahead, even though the price of the precious metal has dropped from record highs. Last month, silver prices skyrocketed to an all-time high of $48 an ounce, causing many Americans to rifle through their jewelry boxes, attics and drawers for old necklaces and other silver trinkets. Silver is now...

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Silver Price: The Least You Should Worry About

I heard some disturbing reports about silver supply last month that I felt every investor should know. And while precious metals are currently in correction mode, the long-term concerns with supply won’t disappear anytime soon. In attempt to get a handle on the bullion market, I spoke to Andy Schectman of Miles Franklin, who has contacts...

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Morning Silver Market Report

Compiled 05/17/11 6:00 AM ( CT ) Statistics: London Gold Fix $1,495.50 +$0.50 LME Copper Stocks 468,825 tons +500 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) While July silver prices managed to respect the prior session's low in the early Tuesday US trade, the market seems to be attracted to yesterday's close. Like gold, silver saw evidence...

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Silver falls, gold flat as US dollar drops

NEW YORK - Silver fell four per cent as funds continued to liquidate bullish bets that had doubled prices to a record late last month, while gold was steady as uncertainty about indebted euro zone countries offset the positive influence of a weaker US dollar. Precious metals investors were eagerly awaiting regulatory filings by hedge fund...

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Soybean, Corn Premiums Fall as River Restrictions Slow Demand

Cash premiums for soybeans and corn shipped in May to terminals near New Orleans fell relative to Chicago futures after the U.S. Coast Guard restricted barge traffic on the Mississippi River because of flooding. The spot-basis bid, or premium, for soybeans delivered this month was 58 cents to 64 cents a bushel above July futures, down from...

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Soybean tumbles on global cues

Soyabean yesterday we have seen that market has moved -0.71% tracking a drop in the U.S. market and as demand for Indian soymeal softened after key buyer China cut purchases. The weekly export inspections report released on May 2, 2011, which showed soybean exports at just 5.525 million bushels as compared with 11.0 million last week and...

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Silver ends losing streak, rises over 3%

Possible for white metal to touch Rs 59,000 a kg by month-end, says trade body Silver ended its nine-day losing streak and closed higher today in Mumbai’s spot market. It closed on the positive side by over 3 per cent at Rs 56,085 per kilogram from its previous close of Rs 54,305 per kilogram. Since April 28, silver had plummeted more than...

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Silver Futures Plunge 27% in Week, Most Since 1975; Gold Rebounds on Comex

Silver futures fell, capping the biggest weekly plunge since at least 1975, on mounting sales by investors following increases in Comex margin requirements. Gold rebounded, halting a three-day slide. Silver tumbled 27 percent this week after CME Group Ltd., the Comex owner, boosted the cash amount needed for a speculative position by 84...

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Silver Drops 27% After 30-month Rally

Silver dropped the most last week reminding investors of the sudden move in the metal in 1980 and the volatility in Internet stocks in the late nineties. The recent surge in trading volume in silver indicates a strong interest from retail investors that may presage lower prices ahead. The price of silver tumbled this week reminding investors...

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Silver Investors Dump Futures as Comex Boosts Speculator Trading Costs 84%

The biggest slump for silver since 1983 may not be over as the Comex exchange in New York makes it 84 percent more expensive for speculators to trade the metal, triggering an exit by investors. The minimum amount of cash that must be deposited when borrowing from brokers to open new positions will rise to $21,600 per contract after May 9,...

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India: Silver prices fall 22% in 10 days

Silver continued its downward streak for the fifth straight day by falling below the Rs 60,000-a-kg mark on Thursday due to heavy sell-off by speculators, amid a weakening global trend. On Thursday, in Mumbai spot market, silver lost Rs 3,860 to close at Rs 58,655 a kg, 22 per cent lower to its all-time high of Rs 75,020 a kg on April 25....

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Silver plunges for fourth consecutive day

Silver prices plunged for the fourth consecutive day on Thursday as the grey precious metal suffered its biggest correction since the billionaire Hunt brothers cornered the market in 1980. The reversal of fortunes for silver – which until this week’s 25 per cent drop had been up 56 per cent since January – has led a wider sell-off in commodities...

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Silver Set for Worst Weekly Drop Since 1975 Amid Commodity Rout

Silver futures headed for the steepest weekly decline since at least 1975 as an increase in margin requirements and slump in commodities from copper to oil prompted investors to sell precious metals. Gold is set for the biggest drop since the week to Feb. 27, 2009. Silver for July delivery on the Comex in New York fell 4.4 percent to $34.65...

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