Price manipulation in the precious metals markets is nothing new. Anti-trust watchdogs in Switzerland are investigating 7 big banks for collusive behavior.
Read more about the major silver miner Silver Wheaton Corp. (NYSE, TSX:SLW). Despite weak performance across the sector, SLW did issue a dividend during Q3.
Each of the precious metals (gold, silver, platinum, palladium) ended the week on a sour note, closing down from where they started on Monday of this week.
In a swift downward move, the spot silver price fell by more than 30 cents per ounce on Tuesday, sending the price of silver below $15 per ounce yet again.
After months of trading higher than some may have expected, the spot silver price hit a fresh 6-year low this week. Is the bottom in for the white metal?
The current silver spot price was 2% lower today after a precipitous drop-off in safe haven demand for the metal combined with worsening consumer sentiment.
Silver has a long and exciting history in the American West, including in the state of Arizona, which hosts the Tuscon Gem & Mineral Show this February.