Commodity Trade Mantra

Posts Tagged ‘Endeavour Silver’

What Experts Predict for the New Silver Bull Market

The silver price has gone up more than 43% year-to-date, “leap-frogging ahead of gold post-Brexit.” Experts believe the silver price will reach between $25 & $32 by year-end. Though optimism is prevalent, investors can expect some volatility. As silver is both “currency & commodity,” used in a variety of industrial & other uses, its value is “more highly correlated with stocks” than that of gold.

Primary Silver Mining Company To Cut Production 25% In 2016

The low price of silver has finally claimed is first victim. Endeavour Silver announced that it will cut silver production of one of their mines by 25% in 2016 & put it on care and maintenance. It will be interesting to see if other primary silver mining companies also announce a cut back in production this year.

2013 Results: Top Primary Miners Real Cost To Produce Silver

Due to Fed’s QE policy of propping up the stock& bond markets while hammering precious metals, the top primary miners gave away their silver at a loss in 2013. While some of the top 12 primary miners stated adjusted income gains, all the companies suffered net income losses — a staggering $1.7 billion loss for the group.

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