Silver and the SLV ETF could be on the cusp of a major bull run
Silver price continued its strong comeback, soaring to a high of $32.25, its highest point since May 29 this year. It has jumped by over 21% from its lowest point in August and by almost 475 from its lowest level this year.
Silver North begins drilling at three key targets at Haldane
Silver North Resources (TSX-V:SNAG, OTCQB:TARSF) has kicked off its 2024 drilling campaign at the Haldane property in Yukon's historic Keno Hill Silver District, the company announced Tuesday. The program will involve approximately 1,000 metres of drilling across three holes, targeting the West Fault, Main Fault, and Bighorn areas.
Silver price: XAG technicals, fundamentals align, SLV inflows rise
Silver price is doing well this year even as other industrial metals like iron ore and copper crash. It has jumped by 25.50% this year, beating gold, which has risen by 22.5% and currently sits at a record high.
SLV: This Pullback Will Be Short-Lived
SLV price pulled back to $24.5 after peaking around $30 recently. I will explain why the pullback will be short-lived. Several fundamental forces can drive a price rebound.
SLV: Downside Risk Elevated As Market Liquidity Falters (Rating Downgrade)
Silver is a robust hedge against monetary debasement, as evidenced by its stable long-term performance compared to the monetary base. The monetary base is slowly declining due to quantitative tightening, with silver liable to crash or correct if stocks falter on lower market liquidity. Silver's average performance over the past nine stock market crashes is -16%, though it usually falls by more during the initial phase of a decline.
Gold and silver futures look to end at 1-month highs after monthly U.S. jobs data
Gold and silver futures looked to post their highest settlements in a month on Friday as downbeat U.S. economic data fueled expectations for an interest-rate reduction by the Federal Reserve.
Gold and silver futures on track to finish at two-week highs
Gold and silver futures climbed Thursday, with prices for both metals headed for their highest settlements in two weeks, as U.S. economic data raised prospects for Federal Reserve interest-rate cuts later this year.
Here's why the silver and the iShares SLV ETF are surging
The iShares Silver ETF (SLV) surged above a key resistance level as the price of silver soared to $30 for the first time in over 11 years. It has jumped by more than 72% from its lowest level in 2022, making it one of the best-performing metals in the industry.
