Individual investors have been snapping up silver at such a pace it has turned into the most crowded commodity trade in the market, according to a report published on Thursday by Vanda Research.
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.
Spot silver hit $90 for the first time on Tuesday, and extended gains into Wednesday's trading session. In pre-market trade, U.S.-listed shares of silver miners moved higher, tracking gains seen in the European trading session.
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.
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.
China limited 44 companies that are allowed to export the metal, which Tom Price, head of commodities strategy at Panmure Liberum, told the New York Times' Dealbook is likely intended to “create a local surplus.” Price said the export restrictions could accelerate silver's price surge, though he noted, “Perhaps the ban has already been priced in.
Charlie Garcia responds to readers' concerns about China's control of silver and other critical metals used in technology and defense.
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Matt Bauer, commodity strategist at Ned Davis Research, joins ‘Squawk on the Street' to discuss whether there are signs of a potential silver bubble, and more.
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.
The precious metal has seen a huge spike in value over the past year, leading many to consider cashing in on what they have.