Silver Prices Drop With The Broader Market. Silver Stocks on Watch

Gold and silverSilver prices are dipping slightly on a strengthening dollar this morning. Meanwhile, Wall Street’s reaction to the economic data coming out is decidedly negative. Concerns are emerging out of all areas of the global economy. Be it China’s growth miss, Europe’s ongoing sovereign debt saga and the down tick in consumer sentiment. Gas prices may finally be emerging in the data points on how they are affecting consumers.

Currently the silver spot price is accelerating to the downside. At last check it was off 44 cents to $31.94. [Read more...]

Silver Prices Lack A Catalyst, Silver Stocks to Watch

Gold and silverUp day. Down day. Seems to be the story of silver. And the moves lack any real conviction as the the poor man’s gold just lists around within a range. The expectations of further stimulus are no longer enough to be a market driver. Plus anemic demand expectations of of India has tempered silver price action to the upside.

Currently silver prices are in retreat along with the the broader market. Seems like everyone is waiting on Alcoa and then the Fed reaction to earnings season. Currently silver is down 35 cents to $31.41. [Read more...]

Silver Prices Flat on Demand Concerns, Silver Stocks to Watch

Gold and silverGold Prices may be stabilizing on the back of an underwhelming jobs reports, but silver prices are flat on global demand concerns. News out of India has expectations of a 27% drop in demand for the year. This is even with the government keeping the import duty unchanged in the country. The main reason is the volatility in prices has jewelers pulling back.

Silver bulls may have to wait for a bigger catalyst to move higher or just be reigned t the fact the metal is highly volatile and you have to be nimble.

Silver prices are currently up 12 cents to 31.83. [Read more...]

Silver Price Recovery Muted Today, Silver Stocks to Watch

Gold and silverWith Gold bouncing solidly off the lows yesterday, silver is a bit more muted in its recovery. Prices are up 40 cents as the the entire precious metals market tries to recover after a week of steep losses.

Most of the gains can be attributed to investors gingerly stepping back into the market to see if this is the floor. Demand concerns coming out of China may mean this floor is premature, but Europe’s continuing soap opera may give rise to QE3 due to spillover. Lots of variables in this market, but it is volatile for reason. And the past few months have shown that it can rocket up and collapse in an instant. [Read more...]

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