Bloomberg reported an unconfirmed package of proposals from Russia offering the U.S. economic partnership in energy and natural resources projects, and a commitment towards the dollar system
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.
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.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The U.S. government is investing hundreds of millions of dollars in the production of gallium, a little-known metal mostly supplied by China.
The Global X Silver Miners ETF (NYSEARCA:SIL) offers exposure to silver mining companies, but the fund's current dividend profile raises serious questions about income sustainability.
Pandora, the world's largest jewelry brand, said Wednesday it would pivot to producing platinum jewelry as the price of silver has risen. The company cited “volatility in global commodity markets,” saying it plans to “reduce its reliance on sterling silver.
Silver futures fell as much as 13% late Wednesday as volatility in the precious metals complex continued.
Pandora, the world's largest jeweler by volume, rose in morning trading after the company addressed investor concerns about its reliance on silver.
Silver prices slid as much as 16% on Thursday, snapping a two-day rebound. The metal had been on a record-breaking spree before crashing almost 30% last Friday.
A more than 30% one-day drop in silver late last week pulled prices for the metal into a bear market for the first time since 2022.
The boom in the precious metal, interrupted by Friday's plunge, fueled a frenzy among refiners and caused major pain for companies that need the stuff.