Silver is a crucial resource in the game. To mine it, you need the Crescent Pick, which you can unlock through the Cauldron and Silver Pool. Once you have the pick, look out for glowing silver rocks and interact with them to collect Silver.
Results for: Silver
The global demand for silver continues to rise, driven by increased use in renewable energy, electronics, and medical applications. Pan American Silver Corp. (PAAS), one of the world’s largest silver producers, has been benefiting from this trend. In the past month, PAAS’s stock has jumped 36.31%, outperforming the broader market. With strong fundamentals, including a large reserve base and a favorable cost structure, Pan American Silver is well-positioned to continue delivering value to investors as the silver market strengthens.
Varyaa Creations IPO opened on Monday, April 22, and will close on Thursday, April 25. The price band for the IPO is set at 150 per share, with a face value of 10 each. The issue lot size is 1,000 shares.
The company trades in gold, silver, and other metals, as well as precious and semi-precious stones. It also manufactures and sells jewelry, with a focus on creating and promoting jewelry as of the current fiscal year. The company produces its jewelry using job workers in Mumbai and has a product portfolio that includes pearls, gemstones, lab-grown diamonds, necklaces, earrings, tops, rings, and bracelets.
The company has received bids for 17,05,000 shares against 12,70,000 shares on offer, as of 17:03 IST on day 2. The issue was booked 70% on day 1.
The net proceeds from the offering will be used by the company to finance the opening of a new showroom, pay for the associated capital expenditures, purchase inventory, and for general corporate purposes.
The share allocation basis is expected to be finalized on Friday, April 26, and the shares will be credited to the accounts of the allottees on the same day that the business starts processing refunds, which is Monday, April 29.
Gold prices continued their descent on Tuesday, driven by improved risk appetite that dampened its safe-haven appeal. Geopolitical tensions had recently pushed gold to record highs, but a long-overdue correction has set in, challenging its underlying demand. Silver is also undergoing a significant correction, amplified by its failure to break above $30 per ounce. Despite these setbacks, geopolitical risks and strong retail demand in China remain positive factors for gold.
Oil prices exhibited mixed movements as traders awaited economic data. Brent Crude futures rose slightly, while U.S. crude declined. Venezuela’s PDVSA plans to increase digital currency usage in oil exports to counter U.S. sanctions.
This news provides insights into the recent fluctuations in commodity prices, including energy, metals, and agriculture, offering valuable information for investors and market analysts.
Silver faces a severe supply deficit as solar panel demand skyrockets. Investors should consider investing in SLV, SIVR, PSLV, and physical silver due to its potential for significant gains. Analysts forecast a price target of $40 by year-end, with the possibility of reaching $50 or even higher if demand remains strong.
Australian Gold and Copper (AGC) has made significant gold and silver discoveries at Hilltop and Achilles targets within its South Cobar Project in NSW. The company has identified shallow, high-grade gold-silver-base metal mineralization at Achilles, with grades up to 8.1 g/t gold and 735 g/t silver. Additionally, maiden drilling at Hilltop intersected variable-grade gold-silver-base metal mineralization in all holes. AGC’s exploration strategy for the South Cobar project has been validated by these discoveries, which are the first significant mineralisation drilled within the Ural Volcanics in the southern Cobar Basin.
Gold and silver prices experienced a significant decline on Monday due to easing geopolitical tensions and anticipation of key economic data releases this week. Gold dropped by 2.7%, while silver fell by 5.1% on Monday afternoon EST. The declines mark the steepest drops for both precious metals since last year.
Metals are leading gains in the commodities sector this quarter, with gold, silver, and copper prices surging. This performance defies the typical sensitivity of these metals to a strong US dollar and rising interest rates. Citi strategists predict a further 5-10% rally in the short term and a potential 15-20% increase in the medium term. They anticipate a minor pullback before a surge in the second half of 2024, with gold reaching $2,500/oz and silver $30-32/oz. The rally is supported by strong market cap share, index weights, and investor interest.