US Gold, Silver production decline in Aug: USGS
Based on unrounded data, the average daily silver production in August was 3,020 kg compared with 2,930 kg in July and 3,240 kg for full-year 2014. Domestic silver production in the first 8 months of 2015 was 3% less than that of the same period in 2014.
Metals Focus remains bullish on Silver jewellery demand
Metals Focus said that it remains optimistic about global silver jewellery demand in 2015. A key reason for this has been the shift in favor of branded and private-label silver jewelry in recent years, at the expense of plated silver pieces.
Gold, Silver likely to get greatest benefit from weaker economic data
Deutsche Bank continues to expect precious metals to see the greatest benefit from weaker economic data, indicating a longer pause before FOMC members can credibly signal a first policy rate hike. We would also need to see market expectations gradually closing the gap with the Fed as a precondition, given the reluctance to trigger a potentially destabilizing surprise.
DGCX to list India Silver Quanto, Mini WTI Futures on October 9
Dubai Gold & Commodities Exchange has announced the launch of an India Silver Quanto futures contract and a mini sized WTI futures contract. The contracts are set to be listed for trading on Friday, October 9, and will be cleared by the Dubai Commodities Clearing Corporation, a wholly owned subsidiary of DGCX.