Commodity Trade Mantra

Posts Tagged ‘Pan American Silver’

Silver Prices Form Bullish Reversal - Silver Seems Ready to Rally

The iShares Silver Trust (SLV) is an ETF that tracks the performance of the underlying holdings in the London Silver Fix Price. Shares of the fund were down 24% in the last half of 2016, but over the last several months they have been consolidating in an inverse head-and-shoulders basing formation. Technical indicators suggest the fund is ready to break out, reversing a six-month downtrend.

Despite Rising Silver Demand, Top Silver Miners Continue To Lose Money

In an interesting irony, investors are purchasing record amounts Silver Eagles while the top primary silver miners continue to lose money. The top 3 primary silver miners gave away 13.6 million oz of silver for free (as they lost money). Average fourth quarter loss for this group was $8.26 an ounce.

follow us

markets snapshot


Market Quotes are powered by Investing.com

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook