Silver to be beneficiary of rising global growth in 2014: ETFS
US Silver futures for March delivery is trading up at $20.145 an ounce on Tuesday electronic trading after hitting a high of $20.275 on Monday trading. Recent trends indicate, silver could climb to $20.75 an ounce but needs to convincingly break above $20.80 for bullish trend to emerge, analysts said.
First Majestic commences production at Del Toro Silver Mine
Commissioning of the new 1,000 tpd cyanidation circuit began on October 20, 2013. Surface stockpiles consisting of lower grade oxide ore is initially being supplied to the mill for this ramp-up period. Mill throughput since initial commissioning has averaged 582 tpd with head grades averaging 168 grams per tonne silver.
Record Sales in American Silver Eagle Bullion Coins
According to Richard A Peterson, Deputy Director of United States Mint, silver coins are more affordable despite fall in gold prices and there is a preference for investing in coins compared to silver backed ETFs, silver mining stocks and other investment opportunities.