Kitco News
(Kitco News) – This level of volatility in silver is nothing new for the market, and social media or not, it is here to stay, said Capital Economics in a report.
The post Silver price is defined by volatility, this is nothing new – Capital Economics appeared first on WorldSilverNews.
Yahoo! Finance: SI=F News
Gold and silver futures fell sharply on Thursday, pressured by strength in the dollar as well as a decline in weekly U.S. jobless claims. April gold lost $43.90, or 2.4%, to settle at $1,791.20 an ounce. March silver settled at $26.234 an ounce, down 65 cents, or 2.4%. Prices settled at their lowest since late November, FactSet data show.
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Kitco News
(Kitco News) – A cryptic tweet by Elon Musk in the early morning briefly shot up Vancouver-based Sandstorm Gold (NYSE:SSL).
The post Elon Musk tweet spikes Sandstorm Gold after hours appeared first on WorldSilverNews.
Bloomberg Commodity Outlook/Mike McGlone/1-29-2021
“In a world of increasing uncertainty vs. the endurance of rising debt-to-GDP levels, quantitative easing and low interest rates, we believe gold is poised to maintain its 2020 upper-hand performance in 2021 vs. most commodities and assets.”
USAGOLD note: We referenced this detailed analysis in yesterday’s Daily Market Report and repost it here for those who may have missed it. McGlone remains bullish on the precious metals for 2021. He likes the fact that it corrected in the second half of 2020 and sees that correction as the launchpad for further upside. Put another way, McGlone sees current gold pricing as a buying opportunity.
Chart courtesy of TradingView.com • • • Click to enlarge
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TradeArabia/Dubai/2-3-2021
“Silver could rise to $35 per ounce (/oz) this year, with a spike to $50/oz possible further down the line, said the latest BofA Global Research report.”
USAGOLD note: This report reviews the latest analysis on silver from Bank of America. BoA has been bullish on the metals for quite some time. Details at the link.
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