Solid interest with steady buying resulted in a strong week for silver after opening Monday at an initial quote of $16.93. Silver prices teased the psychologically important $17 barrier by midafternoon before closing at $16.96. However, the aftermarkets produced sufficient new buying to bring a Tuesday opening with live silver prices at $17.17. A daily high… Read more »
The price of gold opened on Monday at $1,281.74, and strong interest moved that price to $1,284.76 by midafternoon before the day closed at $1,284.05. Buying in the aftermarkets showed strong momentum and resulted in a Tuesday opening price of $1,292.41, but profit taking left the last trade of the day showing at $1,289.32. Gold… Read more »
Silver is once again proving itself to be one of nature’s miracle makers. The entire industry of photography was based on the near-magical transformation of light into permanent images on film thanks to silver and its unique properties. Yet, even as digital photography has entered the scene, it seems as if it is only to allow… Read more »
Determining the long-term prices of any commodity involves assessing supply and demand factors for that item. For buyers of silver, the continually growing demand for the white metal in the face of shrinking supplies is an indicator of future price increases. The developing field of silver nanoparticles is just one area of technology that is creating demand for… Read more »
After opening on Monday at $16.62, light selling took silver prices to $16.57 by the close. Live silver prices opened at $16.63 on Tuesday and closed up one cent at $16.64. The price of silver remained unchanged at the opening of the market on Wednesday before closing down a few cents at $16.61. Trading in… Read more »
After Monday’s opening of $1,275.42 an ounce, light selling drove the closing price of gold to $1,270.55. This brought in buying from bargain hunters and an overnight high of $1,281.08. That activity resulted in gold prices opening at $1,272.72 on Tuesday. Gold buying continued throughout the day until the final trade was matched at a quote… Read more »
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