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Tag: investing in silver

Silver Prices Today: CFTC Closes Manipulation Case After Five Years – Money Morning

It was a rather quiet week in the silver market. Silver prices dropped about 50 cents an ounce to trade in the $22 an ounce range.

The only real news – major news, that is – in the marketplace was the decision by the Commodity Futures Trading Commission (CFTC) to announce that its probe into silver price manipulation by the large Wall Street banks is closed without any action taken. This is after a five-year probe into the workings of the silver market.

Is Now a Good Time to Buy Silver? Rick Rule Weighs In – Money Morning

With silver prices down some 30% year-to-date, is now a good time to buy silver?

We at Money Morning love the buying opportunity being presented in the silver market. With a near zero interest policy in the U.S. likely to stay in place for at least a few more years, and global monetary printing presses continuing to run at full speed, precious metals like silver are once again a lucrative, and now much cheaper, asset.

Rick Rule agrees.

Money Morning recently spoke to Rick Rule, president of Sprott Asset Management and founder of Global Resource Investment Ltd., about silver’s decline in 2013 and what investors should do now.

Here’s what he said about if now is a good time to buy silver…

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