Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia, and Tesla are mostly lower after the S&P 500 peaked a month ago. Most of them may see stock buybacks increase.
Silver has rebounded from the critical support, indicating that prices are near a significant bottom and may be poised for higher levels.
Recent data published by The Royal Mint indicates that British investors are buying up fractional silver and gold pieces as a tax-efficient means of wealth preservation. According to The Royal Mint, silver coin sales soared 55% year on year in the first quarter of its reporting period, contributing to a 14% surge in overall investment coin sales.
Silver has had a strong 2024 so far, with prices up 23% as the precious metal approaches $30/oz.
Silver prices hover near $27.22 support as traders await PCE inflation report. Market reaction could trigger significant moves.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Silver's recent pullback is driven by rising gold/silver ratio.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
Silver was the top-performing major metal in the first half of the year, reaching 12-year highs in 2024. The Global X Silver Miners ETF has been underperforming silver in the past two months after years of negative alpha. SIL has a concentrated portfolio, an elevated expense ratio, and bearish seasonality, making it a risky investment with a hold rating.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.