• Gold: 1,465.89 -4.66
  • Silver: 16.89 -0.13
  • Euro: 1.103 0.001
  • USDX: 98.145 -0.003
  • Oil: 56.69 -0.2

Fool's Silver: Why Most “Silver Miners” Don't Live Up to Their Name

If you buy shares in a silver mining company, you will have to assume additional market risks compared to ownership of silver bullion. You may wish to do so in order to potentially gain leveraged exposure to silver prices. What you may not realize, however, is that most of the publicly traded “silver” stocks out there are primarily in the business of mining other metals – sometimes gold, often copper, zinc, lead, and other base metals.

Silver Seeks to Catch Up With Gold

The best performing metal this week was silver, up 6.40 percent on perhaps a paradigm shift as the investors poured $133 million into silver bullion ETFs on Wednesday, the single biggest inflow in six and a half years. The weekly Bloomberg survey of gold traders and analysts shows that most are bullish on the yellow metal as prices broke through a five-year high and touched $1,453 per ounce on Friday morning. Traders seem to be set on an interest rate cut from the Federal Reserve this month, which is helping gold, even as some better-than-expected economic data was released on Tuesday. Turkey, which often sells its gold, saw its reserves rise by $71 million this week compared to last.

Santacruz Silver Files NI 43-101 Technical Report for the Gavilanes Project on SEDAR

Santacruz is a Mexican focused silver company with a producing project (Rosario); two advanced-stage projects (San Felipe and Gavilanes) and an early-stage exploration project (El Gachi). The Company is managed by a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico. Our corporate objective is to become a mid-tier silver producer.

Underground Silver Revenue-Virginius Mine Accident Claims Lives in Colorado

An accident at the Revenue Virginius silver-mine in Ouray County, Colorado on Sunday (7:20 a.m.) has claimed the lives of two miners while twenty were injured in an explosives accident involving carbon monoxide.

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