Page 47 - Metals Focus News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3 Min Read Feb 1 (Reuters) - A GameStop-inspired frenzy of retail investment in silver has left physical dealers from the U.S. to Singapore scrambling for bars and coins, but the rush to buy was much more muted in the leading Asian consumers of physical bullion, China and India. Silver prices extended a blistering rally on Monday as small investors answered calls on social media last week to buy the metal to push up prices. “There are massive shortages. We’ll be completely out of stock if it carries on like this; the first time since our company opened in Singapore 7 years ago,” said Da...

4 Min Read (Reuters) - A retail investment frenzy in silver driven by social media has left dealers from the United States to Singapore scrambling for bars and coins to meet demand. FILE PHOTO: A quality control agent examines a 2013 enhanced silver eagle silver coin at the United States West Point Mint facility in West Point, New York June 5, 2013. REUTERS/Shannon Stapleton Silver prices extended their rally on Monday to an eight-year high as small investors answered calls on social media last week to buy the metal to push up prices. Retail investors cannot directly access the wholesale sil...

Friday, 1/29/2021 14:14 GOLD PRICED in terms of sister metal silver fell near its cheapest in 4 years in London's bullion market Friday, despite rising near 3-week highs of its own in the aftermath of silver's dramatic jump after users of the Reddit chatroom called on other readers to buy shares in the cheaper precious metal's largest ETF trust.   "[Let's] corner the market [and] f**k the banks," said the anonymous post late Wednesday, urging a repeat of the "short squeeze" forcing a surge in the price of a raft of US-listed stocks against w...

Gold approached a two week high on Friday amid concern US President Joe Biden will propose more stimulus and set an inflationary tone. The price of gold climbed to a near two week high this week as US President Joe Biden’s stimulus plans set an inflationary tone and weighed on the US greenback. After Biden’s inauguration on Wednesday (January 20), the yellow metal rallied to US$1,874 an ounce before pulling back to the US$1,850 range by Friday (January 22). The value of gold remains discounted from its early year high of US$1,950, seen on January 5, but sentiment is pointing to another s...

Winners Of LBMA's 2020 Precious Metals Forecast Survey Date 11/01/2021 In mid-January 2020, analysts provided their forecasts for what they thought the average price in 2020 would be for each of the four metals (gold, silver, platinum and palladium).   Four 1 oz gold bars kindly donated by  MKS PAMP GROUP are the reward for the analyst in each of the four metal categories whose forecast is closest to the actual average price in 2020. In the event of a tie, we take into account the analysts' forecast ranges, with the one with the range closest to the actual range during 2020 taking pre...