Mining firm Freeport-McMoRan jumps 4%

The silver market continues to threaten the same barrier, which starts at the $32.35 level, and then reaches the $32.50 level before it is all said and done. Because of that, the market, I believe, is just simply grinding away or even pecking away, if you will, at the barrier that has been one of the biggest factors here in the silver market.

Source – FXEMPIRE / Opinion

“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

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