Silver Eagle American » precious metals

Silver Climbs To 9-Month High

silvereagleamerican — Sun, 24 May 2009 02:03:05 +0000

May 23- Silver prices posted the largest percentage gains among precious metals on Friday, reaching a nine-month high of $14.83 as investors turned to silver as a cheaper alternative to gold as a currency hedge against the falling U.S. dollar. Silver has risen over than 5 percent so this week, while spot silver was up 1.1 percent to finish at $14.67 an ounce.

Precious Metals: Gold / Silver Prices Up On Weak Dollar

silvereagleamerican — Tue, 09 Dec 2008 02:22:19 +0000

GOLD / SILVER PRICES UP ON WEAK DOLLAR

U.S. dollar sell-offs kicked off a rise in silver and gold futures on Monday with February gold rising $17.10 to close at $769.30 an ounce on the NY Mercantile Exchange, with March silver rising 54.5 cents to $9.975.

With equity markets rebounding as of late, analysts say this increased confidence has prompted investors into moving more freely into the precious metals market.

Precious Metals Silver Analysis 11/08

silvereagleamerican — Sat, 29 Nov 2008 03:19:43 +0000

Experts say that sideways trading has begun taking over the silver amid a lower trade volume despite that the upside remains intact towards 11.05-09, although the silver may decline as it gathers momentum to continue the upswing.

The overall trend is toward the downside, as far as 14.70 remains in place, with a target set at 8.05 and 7.60, while Silver futures for March delivery lost 3.6 cents, or 0.3 percent, to nearly $10.27 an ounce on the Comex.