From Taylor Dart
From Todd Shriber: Silver is trading modestly higher, but the white metal’s gains have been enough to spark a decent rally in some mining stocks.
From Collin Kettell: In this interview, we talk to David Stein, who has a background in both the technical and financial. He is an engineer and a geologist who has also worked on bay street as a financial and investment analyst.
In 2016, the Global X Silver Miners ETF (SIL) was one of the top performing ETFs of the year — even despite a late-year swoon.
From The Gold Report: Precious metals expert Michael Ballanger discusses silver’s recent price performance and why he believes precious metals are in alignment for a major ascent.
The Global X Silver Miners ETF (SIL) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +2.95% one-day return and outperforming the wider markets by a total of 3.11 percentage points.
From Zacks: After much speculation on “Will it or won’t it?”, the Fed’s decision to leave interest rates unchanged earlier this week sent precious metals on a high, with silver closing 3% higher at $19.80 per ounce.
From Zacks Research: Silver rose to a fresh 2016 high in the second quarter driven by stronger investor and speculative demand amid a supportive macro environment for precious metals.
A number of popular silver-focused ETFs are plunging this morning, as silver prices continued their now week-long pullback.
The price of silver has exploded in 2016, and is setting up a major buying opportunity on the pullback. The strength of the rally indicates this is the first wave higher in a new uptrend.
From Chris Vermeulen: Despite the expectations of a rate hike by the Fed in December of 2016, silver has remained close to its highs (as shown in the chart below). After a stellar run, the white metal is consolidating near its highs, while anticipating its next imminent breakout.
Thibaut Lepouttre: Precious metals prices have gained momentum since the start of this year, and corporate M&A activity is heating up again. Caesars Report’s Thibaut Lepouttre highlights a handful of mining companies with market capitalizations attractive to larger companies looking to boost their project pipelines.