Daily gold and silver price charts

Showing posts with label silver. Show all posts
Showing posts with label silver. Show all posts

Tuesday, June 14, 2011

Silver

Silver is found in native form, as an alloy with gold (electrum), and in ores containing sulfur, arsenic, antimony or chlorine. Ores include argentite (Ag2S), chlorargyrite (AgCl) which includes horn silver , and pyrargyrite (Ag3SbS3). The principal sources of silver are the ores of copper, copper-nickel, lead, and lead-zinc obtained from Peru, Bolivia, Mexico, China, Australia, Chile, Poland and Serbia.[5] Peru, Bolivia and Mexico have been mining silver since 1546, and are still major world producers. Top silver-producing mines are Proaño / Fresnillo (Mexico), Cannington (Queensland, Australia), Dukat (Russia), Uchucchacua (Peru), San Cristobal (Bolivia) and Greens Creek (Alaska).

Silver ( /ˈsɪlvər/) is a metallic chemical element with the chemical symbol Ag (Latin: argentum, from the Indo-European root *arg- for "grey" or "shining") and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal. The metal occurs naturally in its pure, free form (native silver), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining.

Silver has long been valued as a precious metal, and it is used to make ornaments, jewelry, high-value tableware, utensils (hence the term silverware), and currency coins. Today, silver metal is also used in electrical contacts and conductors, in mirrors and in catalysis of chemical reactions. Its compounds are used in photographic film and dilute silver nitrate solutions and other silver compounds are used as disinfectants and microbiocides. While many medical antimicrobial uses of silver have been supplanted by antibiotics, further research into clinical potential continues.
Gold and silver Isttien if transferred to the funds to buy food and drinks, garments, shoes, glasses, medicines, books, mobile phones, cars

Monday, June 13, 2011

Gold Price

gold and silver futures prices finished the day session in New York lower on a sharp sell off in crude oil futures prices. Technically related selling was also featured as both gold and silver prices fell below some key near-term support levels. August gold last traded down $10.20 an ounce at $1,519.00. Spot gold last traded down $13.90 an ounce at $1,518.75. July Comex silver last traded down $01.302 at $30.025 an ounce.
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There is some key economic data coming out of China early this week, and that will be closely watched by the market place. More weak Chinese data would be a bearish factor for the commodity markets, including the precious metals

Precious metals prices started the U.S. session under mild to modest selling pressure, but saw losses extended near midday when crude oil prices fell to their daily lows. Crude oil bulls are fading badly amid reports Saudi Arabia will begin pumping more crude oil in July. Weaker U.S. and China economic data recently is a major bearish fundamental that is pressuring the crude oil market. Overall, crude oil prices remain trapped in a wide, sideways trading range, but are now in the bottom portion of that range. Crude oil has been and will continue to be a leader in the raw commodity market sector
Gold and silver Isttien if transferred to the purchase of medical devices, fans, microwave and diving tools, tractors, jewelry, cameras, and the CD and clothing soccer.