Vizsla Silver Corp. stock
Source – MSN
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Silver prices close to $35 mark
Silver prices surged to $33 per ounce on Friday, hitting their highest since late October at $33.41, fueled by factors driving gold to record highs.
London Bullion Market Association data revealed an 8.6% drop in silver inventories to 23,528 tons in January, the largest monthly decline since 2016.
Despite bullish trends, analysts caution against silver’s volatility, noting its price movements often exceed gold’s by 2-2.5 times.
Source – Econo Times
Gold stays steady investors take caution
“We’re going to need to see continued progress on inflation in order to bring back those interest rate cut expectations,” said Phillip Streible, chief market strategist at Blue Line Futures.
“People are a little bit nervous, and they want to be cautious going into CPI tomorrow,” he added.
Source – Reuters
Gold hits all-time high
Bullion surged as much as 1.4% to $2,798.59 an ounce, surpassing its previous all-time high set in October. A weaker dollar makes bullion more appealing for investors holding other currencies as it’s priced in the US currency.
“When you get rising inflation and you get declining growth, you get stagflation, then gold is one of the best-performing commodities in that environment.”
Source – Bloomberg
Silver prices rise, how high will it go?
“Silver is showing signs of relatively higher momentum with the price trying to breach the crucial US$ 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
San Francisco Mint might close
President Trump and the Elon Musk-led Department of Government Efficiency (DOGE) have now targeted the San Francisco Mint for closure in a bid to sell the real estate on which the National Register of Historic Places structure stands, theoretically to reduce government expenses.
Mint-wide, the bureau has already trimmed more than 100 full-time staffers, with an edict from DOGE to trim another 200, while the bureau wrestles with vacancies, some of which still need to be filled. Many of the positions trimmed were resolved through resignations and retirements.
Closing the San Francisco Mint could affect the production of many numismatic products, such as Proof sets, silver Proof sets, Proof commemorative coins and Matte silver presidential medals.
Source – Coin World