Investing in Silver, Buying Silver - Blog Silver » Euro

Silver Retreats After Good Finish on Wall Street

evossman — Sat, 19 Apr 2008 19:05:58 +0000

The dollar inched higher against the Japanese Yen, low against all things European, and the stock market jumped on good earnings by Google. All this spelled a bad two days for gold and silver.

Silver was down nearly a dollar after showing signs of regaining those highs seen over the last few months. However, with the Stock Market looking like it may not be the abiss that many thought it was, we may just see a slowdown in precious metals purchasing leading to lower prices.

Is the commodiites run over? What’s your opinion? I can’t see that happening with the expansion everywhere in the world, the need for silver in industrial processes, and comments like these comments on blog silver how can there be a retreat in prices. There may be a dip but probably not a retreat.

Silver and Gold Rise on Weakening Dollar

evossman — Thu, 17 Apr 2008 03:44:06 +0000

Silver and gold rose today as reports of a weakening dollar and worldwide inflation pushed investors into buying precious metals. Silver, which has been on an upward roller coaster since the beginning of the year, is creeping back up to highs seen last month as the worldwide markets continue to show high volatility.

Silver prices are topping $18 an ounce currently and gold is shooting past $940. The EU reported that it’s nations saw inflation of 3.6% in month of March making the 15-nation currrency rise to $1.5978 against the dollar. An all-time high!

The dollar also dropped against both the British pound and the Japanese yen. The European Central Bank, in charge of the Euro, unlike the US Fed, will work to curb inflation by not lowering interests rates below 4%.