Solar provides much needed spark for silver
Demand for silver used in solar cells was a rare bright spot for the metal in 2016 as falling demand elsewhere offset the tightening of global mine supply.
Demand for silver used in solar cells was a rare bright spot for the metal in 2016 as falling demand elsewhere offset the tightening of global mine supply.
South32 will need a strong final quarter from its suite of assets to meet its full-year cost guidance, after operational problems and wet weather hampered production in the March quarter.
It's hard to find exposure to silver on the ASX.
Gold is getting trampled, and silver entered a bear market.
ASX-listed Investigator Resources has capitalised on strong demand for silver stocks, raising $5.4 million in an institutional placement through PAC Partners on Friday.
Silver vaulted above $21 for the first time in two years and gold advanced for a fourth day.
Bell Potter Securities has raised $35 million for Silver Mines Limited, Australia's only silver explorer of size, from local and United Kingdom-based fund managers.
For all the talk about a collapse in commodities, investors are close to making the biggest bet ever on silver.
A rally without fundamental support.
Broken Hill has turned on its desalination plant to keep water flowing as the Menindee Lakes, three times as big as Sydney Harbour, run dry.
After capping the worst stretch of losses ever, silver prices slipped again, with still more losses forecast.
Glencore said profit from trading commodities rebounded, putting the miner on course to hit its full-year earnings target for the division as it weathers a rout in prices.
Demand for silver coins and bullion bars in Australia have gone through the roof, not only because of increasing demand for precious metals but also because of new product launches by the Perth Mint.
BHP Billiton's spin-off South32 has raised the mineral resources estimate for its Cannington silver and lead mine by 21 per cent.
PanAust has demonstrated strong performance less than one week after telling its suitor to lift its offer price, lifting its gold and silver production guidance.
Takeover target PanAust has lifted gold and silver production guidance and slashed cost estimates, in a strong set of March quarter results.
Build it and they will come. Or that is what participants in London’s $US1.6 trillion ($1.7 trillion) a year silver market will be hoping.
Gold has fallen about 2 per cent, hit by heavy stop-loss orders placed by momentum traders as prices broke below the key 200-day moving average. Silver and platinum group metals also sold off.
Silver is headed for its longest rally in over 40 years and could even outperform gold as doubts over the pace of the United States economic recovery see investors flock to safe haven commodities.
Gold and silver prices have tumbled to the lowest level since July, amid growing concerns that the US Federal Reserve bank could be about to start unwinding its massive monetary stimulus program.
Precious metals were hammered as investors became increasingly concerned that the US central bank will decide to start cutting back its bond purchases at next week’s policy meeting.
HSBC has reduced its precious metals forecasts through to 2015 for the second time since April, admitting that it did not cut deeply enough the first time.
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