When commentating on silver prices, silver bugs, including us are quick to point out that silver has two properties and therefore serves two purposes, both as a form of money and as an industrial metal with many applications. These two properties are fondly referred to as good reasons to own silver and its associated stocks (read more…)

A quick look at the chart and we can see that Silver Standard Resources Incorporated (SSRI) may have found its bottom when its closed today with a gain of 6.35% but one swallow does not make a summer so it could be a little early too move on it. The RSI dipped below ‘30′ but has managed to bounce back with the STO and the MACD still in the basement (read more…)

Taking a quick look at the chart we can see that Silver prices took it on the chin today dropping $1.11 or 6.78%. The RSI has dropped below the ‘30′ level suggesting that silver is oversold and this is a level that we have not seen for over a year (read more…)

Just a quick note to let you know that Endeavour Silver Corporation (EXK) is putting in a Sterling (excuse the pun) performance during this trading session and is up 11.43% as we write as silver gains $0.46, giving us a cheerful start to the week (read more…)

As we can see from the above chart Pan American Silver Corporation (PAAS) has fell recently from $27.00 in December 2009 to close on Friday at $21.19 as silver prices deteriorated. The sector as a whole has also taken a tumble largely due to the strengthening of the US Dollar which now stands 79.477 on the US Dollar Index (read more…)

Hugh Clarke

In their latest news release Endeavour Silver Corporation (EXK) gives a us a detailed review of whats gone and whats coming in 2010 with recent Drilling Intersects 3,960 gpt Silver and 92.8 gpt Gold over 0.25 m. The following highlights are taken from this communique including a short video which will hopefully wet your appetite to read it in full, if so then please click here (read more…)

Robert Quartermain

Silver Standard Resources Incorporated (TSX:SSO) (NASDAQ:SSRI) has announced that Robert A. Quartermain has resigned as President and CEO of the Company effective January 19, 2010 as per the following company statement (read more…)

Life in the precious metals arena is aptly demonstrated by the above chart where we can see the dramatic oscillations of Silver Standard Resources Incorporated (SSRI) from overbought to oversold almost on a monthly basis (read more…)

Chart courtesy of Stockcharts

Since the last update in September 2009 silver prices have performed in a yo-yo fashion and are only slightly higher now than they were then. However, as we can see from the above chart the moving averages have moved consistently higher adding support to the silver price which bodes well for the future. Note that silver prices popped up recently as the MACD formed a golden crossover, which is usually a positive indicator. Also note that silver prices have held up well despite the correction, which we believe was a good thing for silver as we look forward to silver making a steady upward climb (read more…)

Silver Wheaton Corporation (SLW) has gained $2.00 in this the first week of a new decade. Having traded around $15.00 at the close of 2008 its pleasing to see this stock start the year in such a positive manner, especially for us as SLW is now our largest single holding (read more…)