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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Silver outperforms gold as markets rise

Aug 02, 2010 04:55 PM

The past month has taken some of the shine out of gold, but silver appears to be moving from strength to strength. According to reports from TheStreet.com, a sinking dollar and certain economic indicators might help push the price of the white metal higher in the coming months.

By Tuesday afternoon, silver futures gained nearly 2.2 percent to trade at $18.395 per troy ounce. Gold futures, on the other hand, were flat at at $1,184.10 per troy ounce.

Economic data in the coming weeks will be particularly important. Production and corporate profits have gained in the past months, but employment has lagged badly.

Therefore, the nonfarm payrolls figure will be closely watched indeed. Last month they fell for the first time, reflecting a decrease in public-sector employment driven by the layoffs of temporary U.S. Census workers.

Another factor in the price of precious metals is the relative value of the dollar, which has been under assault recently. The European bank stress test set investors' minds at ease, for the time being, about the stability of the euro-zone moving forward.

The sinking dollar has helped drive money into riskier assets like precious metal and crude oil futures.ADNFCR-3323-ID-19917277-ADNFCR

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