Silver Demand to Spike with Wearable Technology

Posted filed under Silver Price News.

smart watch on wrist

Silver is essential to numerous technology applications. One of the newest trends shaping the silver market is “wearable technology.” Thanks to ongoing advances in microcircuitry, scientists and fashion designers are teaming up to use silver in novel and exciting ways that are contributing to demand for the white metal. 1 Biometrics The new wearable products and clothing… Read more »

Price of Silver Weekly Recap: May 15 – May 19, 2017

Posted filed under Silver Price News.

silver price recap

The spot silver price chart reported that the week opened at $16.72. Light trading kept prices for the white metal in a narrow range before closing up at $16.66. Afterhours trading saw more buying, which resulted in an opening of $16.72. Steady buying sent the price of silver to $16.94 on Tuesday, and the Wednesday opening… Read more »

Price of Gold Weekly Recap: May 15 – May 19, 2017

Posted filed under Gold Price News.

gold price recap

Gold saw a Monday opening of $1,233.20, which was followed by light trading in a narrow range. The day’s close two dollars down at $1,231.47 proved to be the low for the week. Tuesday opened up three dollars an ounce at $1,234.33, and marched straight to another nice increase, marking $1,243.50 when the closing bell rang…. Read more »

Texas to Establish Bullion Depository with HB 3169

Posted filed under Gold and Silver News.

The unanimous passage of HB 3169, a bill establishing a bullion depository in Texas, is seen as a victory in the fight against the U.S. Federal Reserve’s money monopoly. This step follows the recent Texas bill, SB 2097, to make gold and silver legal tender in the state. Texas is just the latest of several states, including Arizona, that… Read more »

Why Tax Cuts Could Drive Up Gold Prices

Posted filed under Gold Price News.

The lengthy title of President Donald Trump’s one-page tax reform proposal sums up the means and ends of the plan: ‘2017 Tax Reform for Economic Growth and American Jobs. The Biggest Individual and Business Tax Cut in American History.’ One of the major concerns about the proposal is the lack of details on where the… Read more »