Silver stocks led the way today, and Silver Standard Resources (NASDAQ:SSRI) led the silver stocks, as it gained $0.76 a share to end the session at $18.11, a 4.38 percent increase.
Silver Standard moved up on news it has increased production at its Pirquitas Mine in Argentina, which will produce an estimated 7 million ounces of silver in 2010.
Commodities did better today as risk tolerance increased on hopes the European Union may have enough capital to handle the sovereign debt crisis, although I wouldn't place my hat on that being a reality.
Silver prices remained about level, gaining $0.01, to finish at $18.30.
Showing posts with label Silver Commodity. Show all posts
Showing posts with label Silver Commodity. Show all posts
Tuesday, June 8, 2010
Thursday, June 4, 2009
Silver News | ETF Securities Has Record 20 Million Ounces of Silver to Back Up ETF Commodity
Silver News
ETF Securities said on Thursday the amount of metal it holds to back its silver exchange-traded commodity rose to a record 20.064 million ounces on June 3, while its palladium holdings also hit an all-time high.
ETFS Physical Silver (PHAG.L) has added 2.3 million ounces or 12.7 percent to its holdings in the last month, according to data released by the company.
Holdings of its ETFS Physical Palladium product meanwhile rose 13,677 ounces on Wednesday, lifting them 4.7 percent to a record 304,635 ounces.
Exchange-traded funds, which issue securities backed by physical stocks of a particular metal, have represented a major source of demand for precious metals in recent years.
Silver News
ETF Securities said on Thursday the amount of metal it holds to back its silver exchange-traded commodity rose to a record 20.064 million ounces on June 3, while its palladium holdings also hit an all-time high.
ETFS Physical Silver (PHAG.L) has added 2.3 million ounces or 12.7 percent to its holdings in the last month, according to data released by the company.
Holdings of its ETFS Physical Palladium product meanwhile rose 13,677 ounces on Wednesday, lifting them 4.7 percent to a record 304,635 ounces.
Exchange-traded funds, which issue securities backed by physical stocks of a particular metal, have represented a major source of demand for precious metals in recent years.
Silver News
Subscribe to:
Posts (Atom)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vYoarg8kyFCArhpS0KX390qs0EPRoVGPUzSTQDuLTzzqtdgBYbtDU-r5LYcIctFcXXmMs-QUwECWTMosecEGZ4IPT99-gWFM8yARbbPSE8cMoU9O4hMjoMuuzExFn1EAkZES5l=s0-d)
