Vizsla Silver Corp. stock
Source – MSN
Silver
Focusing on silver investments/collecting
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Silver rising with gold in the spotlight
Silver has enjoyed a “stealth bull market”, according to Adrian Ash, director of research at metals marketplace BullionVault, as supply of the metal has lagged demand for seven years running.
Silver’s highs have come “under the radar for two reasons,” said Ash. “First, that silver has set fresh records outside the US dollar, leaving headline writers to miss its new highs in terms of other currencies including the pound.
“Second, and rather than shooting the lights out like gold has over the past 12 months, the price of silver has risen to new annual and month-average records without hitting fresh daily highs.”
Source – Proactive Investors
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Silver Prices Strengthen [SMM REVIEW]
According to SMM, the cash spot prices for national standard silver ingots in Shanghai today were quoted at a discount of 4 yuan/kg to 1 yuan/kg, while the premiums and discounts for large-scale silver ingots were quoted at a range of a discount of 2 yuan/kg to parity.
Source – SMM
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Endeavour Silver Shares rise over 18%
Endeavour Silver shares rose after the company reported an adjusted profit, despite lower production and revenue in the fourth quarter.
Shares rose over 18% to 6.18 Canadian dollars ($4.28)
Source – Market Watch
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Idaho House Bill 40 to end taxes on gold and silver
Idaho yesterday formally ended state income taxes on gold and silver as part of its largest tax cut in state history.
House Bill 40, sponsored by House Speaker Mike Moyle and begrudgingly signed by the state’s liberal Republican governor Brad Little, provides a sweeping $253 million income tax cut for Idahoan taxpayers by lowering the rate from 5.695% to 5.3% while also adding two specific exemptions.
Moyle said today, “I’m proud to help secure another $253 million in income tax cuts for Idaho families. Meanwhile, it makes no sense for Idaho to tax gold and silver, the only money mentioned in the U.S. Constitution.”
Source – Money Metals
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Perth Mint’s gold and silver rise
Sales of gold coins and minted bars rose to 25,103 ounces in February, up 35% from January. On a year-on-year basis, they were down 47%.
Silver product sales increased to 482,451 ounces in February.
“It is heartening to see the increase in sales on January levels given precious metals prices remain at record highs,” said Neil Vance, Perth Mint’s general manager of minted products.
Source – Reuters
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Pan American Silver Corp. stock
Source – MSN
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Vizsla Silver Corp. stock
Source – MSN
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Silver prices rise, how high will it go?
“Silver is showing signs of relatively higher momentum with the price trying to breach the crucial US$ 33 level,” Emkay said
Given silver’s diverse industrial applications, its price is projected to rise from its current level, reaching $36.60, $38.70, and $39.30 on COMEX, it said.
“Investing in silver funds with a 12 to 18 months’ time horizon is likely to be a worthy proposition.”
The gold-silver ratio is currently around 90, which suggests that silver is currently undervalued.
Source – invezz
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Silver up 1.2%, dollar hits lowest in months
Silver gained as much as 1.2%, rising for a third day. A guage of the dollar hit the lowest in about three months, as the euro strengthened amid Germany’s plan to boost spending and loosen borrowing restrictions.
The “tidal wave” of silver risks pushing freely available silver in the London spot market below a critical threshold needed for the market to function, Daniel Ghali, a senior commodity strategist at TD Securities, recently wrote in a note.
Spot silver rose 0.9% to $32.262 an ounce as of 11:41 a.m. in London. The Bloomberg Dollar Spot Index fell 0.4%. Gold and palladium were little changed, while platinum advanced.
Source – Mining.com