Global demand for silver is expected to grow, according to a Canadian investment bank and financial services provider TD Securities. It has projected silver outperforming the sister metal gold next year.
Shares of Tahoe Resources (NYSE:TAHO) can't seem to find a bottom. The gold and silver mining stock tumbled 23.1% in August, according to data provided by S&P Global Market Intelligence, hitting multiyear lows.
Welcome to the latter-day gold rush. The increasingly coveted substance is the silver-white metal called lithium, and it represents one of the most exciting opportunities in the resource sector.View post
Price Action Over the Prior Week
The metals have continued to act bullishly over the past week, with silver finally breaking through its important 17.85 level, after spending most of the week consolidating just below it. Moreover, it broke through on strong buying volume, which is what we want to see during a bullish move.