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Sierra Madre Announces Amended and Restated Definitive Agreement with First Majestic Silver Corp
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Sierra Madre Announces Amended and Restated Definitive Agreement with First Majestic Silver Corp
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Press Release - MINING COM
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The market is much tighter for silver than for gold. If gold rises, then silver is in a very positive situation. Little interest has been shown in silver by institutional investors so far this year. ETF sales have been the order of the day. Silver ETFs, for example, have fallen by just under 107 million ounces, or ten percent, since the beginning of the year. Retail demand, on the other hand, has been quite strong so far this year. As a result, premiums for certain investment products have been
Just as the British currency has gone down, the price of gold has gone up. In terms of price, gold is at an all-time high in British pounds. Britons who do not want to lose their assets can counter this with gold. The U.K. now wants to finance tax cuts through loans, and this will further fuel inflation. It is currently at 9.9 percent, and a further devaluation of the currency must be expected. While the pound sterling fell to a historic low, the price of gold rose in contrast to the loss of pur