Silver's brutal correction from January's record highs has disappointed investors, but one precious metals strategist says lower prices are exactly what the market needs to build a more sustainable bull market.
Global gold miner Newmont Corporation has invested $902916 to acquire 3.2-million units of TSX-V-listed Metallic Minerals Corporation in a private placement to maintain a 9.2% ownership interest in the company.
Interest rates are still the key driver for precious metals prices even as the conflict between the United States and Iran escalates further, with gold and silver facing continued downside risk, according to Rhona O'Connell, Head of Market Analysis for EMEA & Asia at StoneX.
Gold prices aren’t benefiting from lower rate hike expectations because market participants are worried about the Iran conflict, while India’s new import controls are causing 10% price premiums on domestic silver even as demand languishes, according to precious metals analysts at Heraeus.
TSX-listed Bunker Hill Mining Corporation has appointed interim CFO Bradley Barnett into a permanent capacity effective immediately.
Silver enjoys a unique combination of ongoing supply deficits, rising industrial and monetary demand, and tight physical market conditions, which offer multiple vectors for prices to appreciate, according to Paul Wong, managing partner and market strategist at Sprott Inc.
London-listed Xtract Resources says its joint venture partner in the Silverking copper/silver project, in Zambia, has started initial production at the operation with the processing of mixed oxide-sulphide ore through the flotation plant.
TSX- and NYSE-listed Triple Flag Precious Metals Corporation has sold 28674 gold-equivalent ounces (GEOs) in the second quarter of the year, generating $129-million in revenue.
It’s been a frustrating four months for precious metals investors since the Iran War caused inflation expectations and rate hike projections to rise. But the lows of the year for gold and silver prices are already in, and gold and silver should begin benefitting from the long-term rally’s drivers once again, according to Craig Hemke at Sprott Money.
Coinbase, the second-largest cryptocurrency exchange by daily trading volumes and the largest in the United States, has launched gold and silver perpetual futures for eligible non‑U.S. traders, bringing two of the world’s most established store‑of‑value assets into the crypto derivatives ecosystem.
