Page 21 - Michael Widmer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Exposure to the day-to-day movement of the price of silver bullion Convenient, cost-effective access to physical silver Use to diversify your portfolio and help protect against inflation The fund is up 46% the past year and just broke through the $27.39 high set back on August 10, 2020. SLV reached a high of $27.98 on February 1, with a dose of heavy volume backing the fund thanks to a flurry of trading activity. The relative strength index (RSI) is below overbought levels, so this could be an opportune time to get in on SLV. In terms of fundamentals, one major bank is liking what they see fo...

Copper price climbs as Citi analyst predicts market deficit in H2 Glogów copper smelter and refinery. Image from KGHM. Copper prices bounced back on Wednesday despite concerns of weaker demand ahead of a major holiday in China, the world’s top consumer. Copper futures climbed 1.1% to $3.5635 a pound (or $7,856.21 a tonne) on the Comex by noon EST, rebounding from a one-month low. Sign Up for the Copper Digest Sign Up China will celebrate its Lunar New Year holiday February 11-17, when metals demand usually dips as business activities slow. Meanwhile, a recent coronavirus outbreak in China...

Scott Olson/Getty Images Silver slid 7% from Monday's 8-year high, as the effort to jack up the price faltered. Analysts said day traders faced an uphill struggle to maintain price rises in such a deep market. GameStop and AMC shares also fell, as the Reddit-driven retail frenzy lost steam. The silver price tumbled 7% from an 8-year high on Tuesday, as efforts by retail traders to jack up the price fizzled out, and other day-trader targets such as GameStop slumped. On Monday, silver rose as much as 13% to above $30 an ounce, as amateur investors piled into the market, causing exchange-traded...

Outlook for base metals remains strong, analysts say Copper cathode production at Florence Copper’s test facility, July 2020. Credit: Taseko Mines. Haywood Securities is raising its price forecasts for copper this year from US$3.00 per lb. to US$3.50 per lb.; for zinc from US$1.10 per lb. to US$1.25 per lb.; and for nickel to US$8.00 per lb. from US$6.75 per pound. Looking beyond 2021, Haywood’s forecast for 2022 is US$3.50 per lb. copper; US$1.20 per lb. zinc; and US$8.50 per lb. nickel. “The economic recovery is building, demand for metals is increasing, and sentiment about base metal...

* U.S. and Western Europe aluminium deficit around 4 mln T each