|

March 31 is “Buy Silver” Day for investors

ByVictoria

March 31 has become a flashpoint for silver buyers hoping to shake up the market—and possibly squeeze out the short sellers.

If only the physical market demand for silver could overcome the paper market short sellers, the spot price of silver would almost certainly take off much higher.  Toward that end, there is a developing strategy for investors around the world to purchase physical silver on March 31.  This day is the focus because it is the final trading day of the calendar quarter, when financial firms need to report their financial results. 

Source – Numismatic News

Similar Posts

  • /

    The Fed’s hawkish signal sparked gold jitters

    ByVictoria
    0 Comments

    The U.S. Federal Reserve jolted markets with an unexpectedly hawkish set of projections for the path of interest rates next year, setting gold prices up for a blow — but analysts told CNBC they still see solid support for the precious metal in 2025.

    The Fed’s “dot plot,” a gauge of policymakers’ outlook, now suggests the Fed will cut interest rates twice in 2025, compared with four quarter-point cuts previously expected in September, when concerns about the weakening labor market were front-of-mind. The big concern for the central bank is now whether the policies of incoming President-elect Donald Trump — particularly his threat of sweeping trade tariffs — will prove inflationary.

    Source – CNBC

  • /

    Hidden Valley copper mine life extended to mid-2040s

    ByVictoria
    0 Comments

    Teck Resources (NYSE:TECK) said late Tuesday it received an environmental assessment certificate from the British Columbia provincial government to extend the life of the Highland Valley copper mine into the mid-2040s.

    “This positive decision by the Government of B.C. will support extending the life of Canada’s largest copper mine, strengthening the North America critical minerals supply chain and contributing to jobs and economic activity,” Teck (TECK) President and CEO Jonathan Price said.

    Source – Seeking Alpha

  • / / /

    Gold, Silver, and Platinum up

    ByVictoria
    0 Comments

    Gold prices rose on Monday, supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at resolving tensions, while platinum extended gains for a sixth straight session to scale a four-year peak.

    Spot gold rose 0.4% to $3,323.71 an ounce, as of 0806 GMT, after dropping earlier in the session to $3,293.29, its lowest level since June 2.

    Spot platinum rose 3% to $1,210.80, its highest level since May 2021.

    Spot silver was up 1% to $36.3 per ounce, while palladium rose 2.3% to $1,070.97.

    Source – Reuters

  • /

    Chinas Laopu Gold dubbed “Hermes of Gold”

    ByVictoria
    0 Comments

    With prices for most of its popular products ranging from 10,000 to 50,000 yuan, Laopu now competes more directly with Western luxury brands such as Tiffany and Cartier.

    As rising gold prices in 2024 pushed investors toward bullion and coins and gold jewellery sales in China fell 24.69% to 532.02 tonnes, Laopu twice raised prices on its designer jewellery and trinkets. It again upped prices by 5-12% last month.

    But analysts say Laopu is a contender to fully break through the luxury glass ceiling.

    “It’s not an imminent threat to global luxury groups because to build a luxury brand takes a long time. You need a story, you need a history, you need the craftsmanship, but it’s possible,” said Jonathan Yan, a principal at consultancy Roland Berger in Shanghai.

    Source – Reuters

  • / /

    Gold set for seventh weekly gain

    ByVictoria
    0 Comments

    Gold prices rose on Friday and were on track for a seventh consecutive weekly gain as worries over a potential global trade war intensified after U.S. President Donald Trump’s push for reciprocal tariffs.

    Spot gold was up 0.3% at $2,936.99 an ounce by 1104 GMT, taking its weekly advance to 2.6%. Bullion hit a record peak of $2,942.70 on Tuesday.

    U.S. gold futures rose 0.6% to $2,961.30.

    In other precious metals, spot silver gained nearly 3% to $33.30 an ounce and platinum added 1% to $1,004.57 while palladium dipped by 0.2% to $992.00.

    Source – Reuters