Silver Market – Silveracce 365 http://silveracce365.com/ Wed, 18 May 2022 18:11:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://silveracce365.com/wp-content/uploads/2021/06/icon-5.png Silver Market – Silveracce 365 http://silveracce365.com/ 32 32 MAG Silver (TSE:MAG) price cut to CAD$28.00 at TD Securities https://silveracce365.com/mag-silver-tsemag-price-cut-to-cad28-00-at-td-securities/ Wed, 18 May 2022 18:11:15 +0000 https://silveracce365.com/mag-silver-tsemag-price-cut-to-cad28-00-at-td-securities/ MAG Silver (TSE:MAG – Rating received) (NYSEAMERICAN:MAG) Analysts at TD Securities lowered its price target to $28.00 from $31.00 in a research note released Wednesday, reports BayStreet.CA. The company currently has a speculative buy rating on the stock. TD Securities’ price target would suggest a potential upside of 66.07% from the stock’s current price. MAG […]]]>

MAG Silver (TSE:MAG – Rating received) (NYSEAMERICAN:MAG) Analysts at TD Securities lowered its price target to $28.00 from $31.00 in a research note released Wednesday, reports BayStreet.CA. The company currently has a speculative buy rating on the stock. TD Securities’ price target would suggest a potential upside of 66.07% from the stock’s current price.

MAG has been the subject of a number of other research reports. Scotiabank downgraded MAG Silver from a sector outperform rating to a sector perform rating in a research note on Friday, January 21st. HC Wainwright reissued a “buy” rating and price target of CAD$21.50 on shares of MAG Silver in a research note on Wednesday. BMO Capital Markets lowered its price target on MAG Silver from C$23.50 to C$20.50 in a research note on Friday, January 28th. Stifel Nicolaus lowered his price target on MAG Silver from C$30.50 to C$30.00 in a research note on Wednesday, April 27th. Finally, on Wednesday, April 20th, National Bankshares lowered its price target on MAG Silver from $30.00 to $28.25 in a research note. Three investment analysts have rated the stock with a hold rating and five have rated the company’s stock with a buy. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $27.03 CAD.

TSE MAG traded down C$0.60 on Wednesday to hit C$16.86. 59,360 shares of the Company were exchanged compared to an average volume of 255,459. The company’s 50-day moving average price is $20.21 and its 200-day moving average price is $20.66. The stock has a market cap of CA$1.65 billion and a P/E of 216.54. The company has a current ratio of 36.88, a quick ratio of 36.55 and a debt to equity ratio of 0.11. MAG Silver has a 52-week low of $15.75 and a 52-week high of $29.28.

MAG Silver (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Thursday, March 31st. The company reported earnings per share of C$0.11 for the quarter, beating analyst consensus estimates of C$0.01 (C$0.01) by C$0.12. Equity analysts are forecasting that MAG Silver will report earnings per share of 1.5599999 for the current year.

In related news, Senior Officer Larry Taddei sold 14,000 shares of the company’s stock in a transaction on Wednesday, April 13. The stock sold at an average price of $22.50 for a total value of $315,000.00. Following the sale, the insider now owns 20,001 shares of the company, valued at approximately $450,022.50. Insiders sold a total of 31,500 shares of the company’s shares worth $686,395 last quarter.

About MAG Silver (get rating)

MAG Silver Corp. is engaged in the exploration and development of precious metals mining properties. The Company is prospecting for silver, gold, lead and zinc deposits. It primarily holds a 44% interest in the Juanicipio Project in the Fresnillo District of Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

Selected items

Analyst Recommendations for MAG Silver (TSE:MAG)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

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Silver Price Prediction – Silver markets attempt recovery https://silveracce365.com/silver-price-prediction-silver-markets-attempt-recovery/ Mon, 16 May 2022 15:38:00 +0000 https://silveracce365.com/silver-price-prediction-silver-markets-attempt-recovery/ Technical analysis of the silver markets Silver markets were somewhat volatile during Monday’s trading session, recovering quite significantly after gapping higher. This makes quite a bit of sense considering the market was so oversold and given enough time a slight relief rally would be expected. The $22 level above remains an area for our attention […]]]>

Technical analysis of the silver markets

Silver markets were somewhat volatile during Monday’s trading session, recovering quite significantly after gapping higher. This makes quite a bit of sense considering the market was so oversold and given enough time a slight relief rally would be expected. The $22 level above remains an area for our attention as it was a former support. This is where “market memory” might come into play, so I’ll be ready to jump over any kind of exhaustion candlestick to start short selling again and take advantage of what was an apparent downtrend.

If we break below the lows, silver will almost certainly unwind to the $20 level, but that remains to be seen. At this point, I believe you can’t take a rally seriously until we break $23. At that point, we could then try to reach the $26 level, but we would also have to fight our way through the 50-day EMA.

Pay close attention to the US Dollar, it is very strong and usually negative for the value of silver over the longer term. Additionally, there are major concerns over industrial demand as it looks like we may be headed for a global slowdown. If that is the case, then demand for base metals will continue to fall, which of course goes against part of the argument for silver going higher.

Silver Price Prediction Video 05/17/22

For an overview of all today’s economic events, see our economic calendar.

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Darvin Ham, Terry Stott’s current frontrunner for the job as Lakers head coach https://silveracce365.com/darvin-ham-terry-stotts-current-frontrunner-for-the-job-as-lakers-head-coach/ Fri, 13 May 2022 23:36:49 +0000 https://silveracce365.com/darvin-ham-terry-stotts-current-frontrunner-for-the-job-as-lakers-head-coach/ The Lakers are still in the early stages of their search for a new head coach, but it appears there are still some early leaders. When casting a wide, wide net, there are a number of candidates that have been considered, but according to Jovan Buha of the athletetwo coaches who have already been interviewed […]]]>

The Lakers are still in the early stages of their search for a new head coach, but it appears there are still some early leaders. When casting a wide, wide net, there are a number of candidates that have been considered, but according to Jovan Buha of the athletetwo coaches who have already been interviewed are the early favourites.

The Lakers have already been linked to over a dozen candidates for their head coaching job, but none of them have emerged as the clear front-runners. Ham and Terry Stotts are probably the closest to the current favorites.

Darvin Ham was the very first candidate the team contacted for an interview. The Bucks assistant has been one of the hottest names in the coaching market for several years. This off-season feels like the moment he finally transitions from assistant to lead as he’s also being considered a finalist for the Hornets’ opening.

Stotts was a little more surprised when the Lakers interviewed him. One of the few former head coaches on the market, Stotts made his name as the longtime head coach of the Portland Trail Blazers before their mutual departures from the franchise last summer. He has since taken a year off, opting not to serve as an assistant coach.

The biggest difference – or advantage, depending on your point of view – between Stotts and Ham is that the former is a former head coach, while the latter would be a freshman. While the Lakers will look to compete from day one, hiring a rookie coach is something they are “strongly considering” according to Buha.

Aside from Nick Nurse, Quin Snyder or another elite coach becoming available, it looks like the Lakers are heavily considering the benefits of a rookie head coach.

Given the talent pool available and basically the only coaches on the market with head coaching experience like Stotts, Mark Jackson or Kenny Atkinson, it would make sense for the Lakers to consider the idea of ​​a rookie coach.

Hiring a retread just because he previously had a job with a rookie trainer doesn’t guarantee success and may not even be the best option. Realistically, the amount of experience shouldn’t weigh too much into this quest. The Lakers should simply hire whatever coach they feel is the best candidate available, whether it’s a former head coach or a rookie.

At the moment, experience wasn’t a determining factor in who the Lakers are interviewing, as they’ve reached out to a number of assistant coaches and candidates who didn’t have head coaching experience. It’s an encouraging sign from the franchise, something that’s been a rarity in recent years.

For more lakers talk, subscribe to the Silver Screen and Roll podcast feed iTunes, Spotify, stapler or Google Podcasts. Follow Jacob on Twitter at @JacobRude.

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Pantera Silver: Announcing the death of director Mr. Tyler Lowes https://silveracce365.com/pantera-silver-announcing-the-death-of-director-mr-tyler-lowes/ Wed, 11 May 2022 18:42:01 +0000 https://silveracce365.com/pantera-silver-announcing-the-death-of-director-mr-tyler-lowes/ VANCOUVER, BC, (Newsfile Corp. May 11, 2022) – Pantera Silver Corp. (“Pantera” or the “Company”) (TSXV: PNTR) Regrets to announce the passing of Mr. Tyler Lowes, a valued director of the Company. Mr. Lowes has been with Pantera Silver Corp. since its inception. as a director and we will miss his presence and positive contribution […]]]>

VANCOUVER, BC, (Newsfile Corp. May 11, 2022) – Pantera Silver Corp. (“Pantera” or the “Company”) (TSXV: PNTR) Regrets to announce the passing of Mr. Tyler Lowes, a valued director of the Company. Mr. Lowes has been with Pantera Silver Corp. since its inception. as a director and we will miss his presence and positive contribution to the company. The Board extends its deepest condolences to Tyler’s family, numerous friends and business associates.
Mr. Lowes was Chief Executive Officer of Digital257 Technologies Inc., a successful digital marketing company focused on public companies in the junior resource market. Mr. Lowes grew Digital257 from a few clients in 2019 to over sixty serviced corporate clients. Prior to Digital257, Mr. Lowes worked in the junior resource capital market in senior positions in investor relations, business and corporate development and finance.

Jay Roberge, President of Pantera Silver, said, “It has been my pleasure to know and work with Tyler for over 10 years. Tyler was a dear friend and colleague who I will miss dearly. His outgoing personality, positive social nature, quick wit and passion for the industry will be missed but never forgotten by those who knew him and enjoyed his company.”

A GoFundMe page was created to support Lowe’s family with funeral expenses. Contributions can be submitted at https://gofund.me/b8df0023

Disclaimer

Pantera Silver Corp. published this content on May 11, 2022 and is solely responsible for the information contained therein. Distributed by the public, unedited and unmodified, on May 11, 2022 18:41:06 UTC.

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Innovative strategy for silver recycling market to 2031 – Queen Anne and Mangolia News https://silveracce365.com/innovative-strategy-for-silver-recycling-market-to-2031-queen-anne-and-mangolia-news/ Mon, 09 May 2022 10:07:02 +0000 https://silveracce365.com/innovative-strategy-for-silver-recycling-market-to-2031-queen-anne-and-mangolia-news/ marketreports.info analysts forecasts latest report on “Global Silver Recycling Market (Covid-19) Impact and Analysis to 2030” according to Silver Recycling Report; The Silver Recycling market report encompasses the overall and all-inclusive analysis of the Silver Recycling market with all its factors impacting on the market growth. This report is anchored on the thorough qualitative and […]]]>

marketreports.info analysts forecasts latest report on “Global Silver Recycling Market (Covid-19) Impact and Analysis to 2030” according to Silver Recycling Report; The Silver Recycling market report encompasses the overall and all-inclusive analysis of the Silver Recycling market with all its factors impacting on the market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Silver Recycling Market.

The Silver Recycling study provides details such as market share, market insights, strategic insights, segmentation and major players in the Silver Recycling market.

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note – The Covid-19 (coronavirus) pandemic is affecting society and the overall economy worldwide. The impact of this pandemic is increasing day by day and is also affecting the supply chain including the silver recycling industry. The COVID-19 crisis is causing uncertainty in the stock markets, a massive slowdown in the supply chain, falling business confidence and increasing panic in the customer segments. The overall impact of the pandemic is affecting the production process of multiple industries. This report on “Silver Recycling Market” under the Chapter Number 1.7 of COVID Silver Recycling Impact Assessment includes the analysis of Covid-19 impact on various business segments and country markets. The reports also show market trends and influenced the analysis forecast till 2030.

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Some of the major players in the silver recycling market are: Umicore, Sino-Platinum Metals, PX Group, Sims Recycling Solutions, Johnson Matthey, Materion, Dowa Holdings, Abington Reldan Metals, Heraeus, Tanaka, Asahi Holdings

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Powell’s labor market theory turns out to be flawed https://silveracce365.com/powells-labor-market-theory-turns-out-to-be-flawed/ Fri, 06 May 2022 17:37:57 +0000 https://silveracce365.com/powells-labor-market-theory-turns-out-to-be-flawed/ Placeholder when loading item promotions For the past year, Federal Reserve Chair Jerome Powell has floated the idea that the end of the pandemic would push workers off the sidelines, ease upward pressure on wages and ease the forces of inflation. That has proven to be true so far, but Powell needs to let go […]]]>
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For the past year, Federal Reserve Chair Jerome Powell has floated the idea that the end of the pandemic would push workers off the sidelines, ease upward pressure on wages and ease the forces of inflation. That has proven to be true so far, but Powell needs to let go of the fantasy that the trend has a lot more room to run.

As Friday’s jobs report showed, US adults are simply not returning to the workforce in large numbers. In a sign that things can’t get much better, the US employment rate fell in April for the first time since April 2020, despite a hiring market with nearly two open positions for every unemployed person. The ratio fell to 60% from 60.1% a month earlier, including declines in workers aged 25 to 54, who are believed to be in the “best time” of their working lives.

Even before Friday’s numbers, the notion that a pool of idle labor could somehow solve the massive supply-demand imbalance in the US was beginning to seem like wishful thinking. In March, 80% of the US prime working age population was employed, just below the pre-pandemic peak of 80.5% and above the 10-year pre-pandemic average of 77.5%. It fell to 79.9% last month, but how much better could it get?

The workers-on-the-sidelines thesis increasingly relied on the return of older workers, including members of the baby boom generation, who had good reason to retire while a deadly virus circulated and their investment accounts in the shot up value. Perhaps the endemic Covid-19 and falling stock and bond markets will prompt a rethink on these decisions, but that’s hard to tell in the numbers – and no one should count on such a development to have a significant impact.

However, Powell still cites returning workers as a source of optimism. In his view, there are simply too many vacancies for the available workforce, which drives up wages. The employment cost index — a broad measure of wages and benefits that gives the clearest picture of labor costs — rose at an all-time high in the first quarter. Friday’s report showed that average hourly wages rose 0.3% in April from March, less than economists had expected. (Unlike the ECI, however, this number is vulnerable to changes in the composition of jobs in the labor market. As Renaissance Macro Research pointed out, a decline in retail profits was likely to weigh on the total.)

In Powell’s perfect world, the Fed’s interest rate policy would cause companies to reduce job vacancies (demand); more workers would be created (supply); and he would be able to orchestrate a “soft landing” for the economy, as he put it on Wednesday:

We think through our policies, through further healing in the labor market, higher rates, for example for hiring and things like that, and more people coming back, we’d like to think that supply and demand are getting back into balance. And that therefore wage inflation will moderate wage increases to levels that are still high but more consistent with 2% inflation.

This is a remarkably difficult needle to thread, and Powell will need a lot of luck to carry it.

If there was any silver lining in Friday’s jobs numbers, the black employment rate — one of the sharpest falls since the pandemic — rebounded to 58.6% from 58.3%. This clearly shows room for improvement and gives hope for an offer on the labor market.

But the central bank should not rely on a significant increase in additional labor force participation to slow the pace of wage increases and prevent a wage-price spiral. It is essentially a prayer and should not form the basis of a political framework. The Fed faces an extraordinarily difficult path to raising rates without raising unemployment and throwing the economy into recession, and it might be time to stop doing something else.

More from authors at Bloomberg Opinion:

• Powell hampers the Fed with an unforced error: Levin & Burgess

• Don’t Expect the Federal Reserve to Work Miracles: Editorial

• The Fed must do more than raise interest rates: Mohamed El-Erian

This column does not necessarily represent the opinion of the editors or of Bloomberg LP and its owners.

Jonathan Levin has worked as a Bloomberg journalist in Latin America and the US, covering finance, markets and M&A. Most recently, he was the company’s Miami office manager. He is a CFA charterholder.

For more stories like this, visit bloomberg.com/opinion

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Akshaya Tritiya 2022 | This festival season, buy gold and silver according to your zodiac sign for good luck https://silveracce365.com/akshaya-tritiya-2022-this-festival-season-buy-gold-and-silver-according-to-your-zodiac-sign-for-good-luck/ Tue, 03 May 2022 05:38:00 +0000 https://silveracce365.com/akshaya-tritiya-2022-this-festival-season-buy-gold-and-silver-according-to-your-zodiac-sign-for-good-luck/ Akshaya Tritiya is considered one of the perfect times to buy gold and silver. This year Akshaya Tritiya is celebrated on Tuesday 3rd May. On this occasion you can buy metal according to your zodiac sign, which will help you to progress. Aries It will be favorable for Aries to buy copper or gold on […]]]>
Akshaya Tritiya is considered one of the perfect times to buy gold and silver. This year Akshaya Tritiya is celebrated on Tuesday 3rd May. On this occasion you can buy metal according to your zodiac sign, which will help you to progress.
  • Aries
  • It will be favorable for Aries to buy copper or gold on the day of Akshaya Tritiya. The auspicious metal for the planet Mars, lord of your zodiac, is copper.

  • bull
  • The ruling planet of your zodiac is Venus. Therefore, it is favorable for you to buy silver on Akshaya Tritiya. The diamond is considered the most important gemstone for Venus.

  • Twins
  • The ruling planet of Gemini is Mercury, so buying bronze utensils or jewelry on Akshaya Tritiya brings good luck.

  • Cancer
  • On the occasion of Akshaya Tritiya, it will be good for Cancer people to buy silver. The ruling planet of this zodiac is the moon, so silver will be auspicious to you.

  • Lion
  • The ruling planet of the Leo zodiac is the sun. The people of this zodiac should buy copper or gold on Akshaya Tritiya. Although copper would be better.

  • Virgo
  • The ruling planet of Virgo is Mercury. It would be favorable to buy bronze on Akshaya Tritiya.

  • scale
  • Libra people should buy silver on Akshaya Tritiya. The ruling planet of this zodiac is Venus.

  • Scorpio
  • On the day of Akshaya Tritiya, people of Scorpio zodiac sign will do well to buy copper, which is also the lord of this zodiac sign.

  • Protect
  • The ruling planet of Sagittarius is god Jupiter. On Akshaya Tritiya it is better for people of your zodiac to buy brass or gold.

  • Capricorn
  • On Akshaya Tritiya it would be good for Capricorns to buy utensils made of steel or iron because the ruling planet of this zodiac was Shani Dev.

  • Aquarius
  • People of this zodiac should buy steel or iron utensils like Capricorn. The lord of this zodiac is Shani Dev.

  • fish
  • The ruling planet of this zodiac is Jupiter. It will be favorable for Pisces to buy brass on the occasion of Akshaya Tritiya. They can also buy gold if they want.

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    Foreclosure requests are up 132% year over year. Here’s what that means https://silveracce365.com/foreclosure-requests-are-up-132-year-over-year-heres-what-that-means/ Sun, 01 May 2022 11:52:00 +0000 https://silveracce365.com/foreclosure-requests-are-up-132-year-over-year-heres-what-that-means/ What does the recent spike in foreclosures mean for the housing market now? Getty Images As we perused real estate data this month, three stats stood out to us. The first: That the number of active foreclosures (that is when the foreclosure proceedings on a seriously delinquent loan has started but has yet to be […]]]>

    What does the recent spike in foreclosures mean for the housing market now?

    Getty Images

    As we perused real estate data this month, three stats stood out to us. The first: That the number of active foreclosures (that is when the foreclosure proceedings on a seriously delinquent loan has started but has yet to be completed and liquidated) increased by more than 7,000 in March — the first year compared to Year-over-year increase in nearly 10 years, according to mortgage technology, data and analytics provider Black Knight. Second, foreclosure was filed on more than 78,000 U.S. homes in the first quarter of 2022, up 39% sequentially and 132% year over year, according to real estate analytics firm ATTOM. And third, severe mortgage defaults — those 90 or more days past due — are 70% higher than before the pandemic, according to Black Knight.

    While those numbers seem bleak, pros say the reality isn’t as bad as it looks: Although the number of active foreclosures has increased year over year, the number of loans in active foreclosure is still well below historical norms. On average, about 30,000 to 40,000 foreclosures were initiated per month in the country before the pandemic. But the foreclosure moratoriums introduced as part of the CARES Act in response to COVID-19 brought all of this normal activity to a halt. And for the most part, the persistently low foreclosure starts are because the vast majority of people who had taken forbearance have gotten out of such plans and gone back to paying their mortgages. And those who remain in forbearance may still have protection from foreclosure until they reach the maximum allowable length of forbearance.

    Regarding foreclosure filing, Rick Sharga, executive vice president of market intelligence at ATTOM, says that “although foreclosure activity picked up significantly in the first quarter of 2022…this does not indicate sudden weakness in the housing market or the U.S. economy.” Mortgage servicers are essentially “catching up” in processing foreclosures on loans that were already in default or more than 120 days past due before the pandemic. A lot of these loans are quite old – dated before 2009.” And he adds, “We don’t expect a big wave of foreclosures any time soon…Even with the dramatic increase in foreclosures in the first quarter, we’re still running at about 50% of normal levels .”

    Finally, severe mortgage defaults, although rising since the pandemic, are down 12% in March, the sharpest improvement in one month in 20 years, and there are actually more than 1.2 million less severe defaults than in last March. Black Knight reports. In addition, overall arrears have fallen significantly. Black Knight reports that 30-day defaults — borrowers who were just a single payment past due — are down 20% since February. The reason for this decline? A combination of rising employment, student loan deferrals, strong post-deferral performance, and millions in refinances have all helped push delinquency rates down.

    Why are foreclosures and defaults important for the housing market?

    We monitor foreclosures and defaults because they are often a sign of distress, which can indicate weakness in the housing market. With arrears falling from a few months ago, experts suggest that even a small year-to-date increase is not a cause for concern. “These crime rates are so low that they don’t have a huge impact on the overall housing boom,” said Jeff Ostrowski, an analyst at Bankrate. Though the housing market needs all the new inventory, Ostrowski doubts the volume of foreclosures will be enough to really ease the inventory shortage. “Foreclosures are at a very low level and the court process can take months, so I don’t expect any real impact from the increase in foreclosures,” says Ostrowski.

    What does all this mean for home buyers and sellers?

    Pros say you shouldn’t expect a shift in the housing market because of these rising foreclosures. “With demand for homes so much outstripping supply, no one is going to get a foreclosure for a theft. Competing buyers are raising prices on all homes, including foreclosures,” says Holden Lewis, home and mortgage expert at Nerdwallet.

    However, it’s possible that you’ll come across foreclosure properties while searching for a home – and if you’re considering buying one, you’ll probably want to understand the different types of foreclosures that are for sale. “Many real estate investors are looking for a bargain in foreclosure, but it’s still a seller’s market,” said Lawrence Yun, chief economist for the National Association of Realtors.

    Depending on the stage in the default payment process, you may find preforeclosures where a lender notifies the homeowner that they are in default; short selling, where a homeowner tries to sell the home for less than the mortgage value due to financial difficulties; Sheriff’s Sale Auction, in which defaulted real estate is sold in courthouses, bank foreclosures known as Real Estate Owned (REO) real estate, and state foreclosures, in which real estate is sold with loans from the Federal Housing Finance Agency or the Veterans administration can be purchased.

    Foreclosure properties can be found through the Multiple Listing Service (MLS), so you don’t have to covertly search for them – they’re out for everyone to see. “Properties going through foreclosures are also listed in newspapers, bank branches and websites. For buyers considering a foreclosed property, auctions are another place to find available homes,” says Ratiu.

    However, a severe default can be devastating for a homeowner, as it means a hit to their credit rating and possible default and foreclosure, Ostrowski says. The silver lining is that a troubled homeowner should be able to sell their home before they lose it because prices remain strong, but that same homeowner then has to survive in an expensive rental market.

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    Comex Silver ends the month down 8.28% at $23,040 — Data Talk https://silveracce365.com/comex-silver-ends-the-month-down-8-28-at-23040-data-talk/ Fri, 29 Apr 2022 18:06:16 +0000 https://silveracce365.com/comex-silver-ends-the-month-down-8-28-at-23040-data-talk/ Front Month Comex Silver for May delivery fell $2.0810 a troy ounce this month, or 8.28%, to $23.040 – Largest one-month net and percentage decline since September 2020 –Snaps a two-month winning streak –This week it is down $1.219 or 5.02% –Down for two consecutive weeks –Down $2.65 or 10.32% over the past two weeks […]]]>

    Front Month Comex Silver for May delivery fell $2.0810 a troy ounce this month, or 8.28%, to $23.040

    – Largest one-month net and percentage decline since September 2020

    –Snaps a two-month winning streak

    –This week it is down $1.219 or 5.02%

    –Down for two consecutive weeks

    –Down $2.65 or 10.32% over the past two weeks

    – Largest two-week net decline and percentage decline since the week ended October 2, 2020

    –Today it is down 8.90 cents, or 0.38%

    –Down for nine consecutive sessions

    –Down from $3.10 or 11.86% over the past nine sessions

    – Biggest 9-day dollar decline and percentage decline since Wednesday September 30, 2020

    –Longest losing streak since Wednesday, March 18, 2020, when the market fell for nine straight sessions

    –Lost 10 of the last 11 sessions

    –Lowest settlement value since Friday, February 4, 2022

    –18.63% from its 52-week high of $28.314 hit on Tuesday, May 18, 2021

    –Up 7.37% from its 52-week low of $21.459 set on Wednesday, September 29, 2021

    –10.88% less than 52 weeks ago

    –14.31% from its 2022 settlement high of $26.888 was hit on Tuesday, March 8, 2022

    –A 3.91% increase from its 2022 settlement low of $22.174 reached on Thursday, January 6, 2022

    –52.69% from its record high of $48.70 hit on Thursday, January 17, 1980

    –Year-to-date, it’s down 28.80 cents, or 1.23%

    All prices are calculated based on the settlement price of the current front month contract.

    Source: Dow Jones market data, FactSet

    (ENDS) Dow Jones Newswires

    4/29/22 1405ET

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    Gold price today 28 April 2022: Gold falls below Rs 51,000, Silver gives up Rs 65,000; can trade sideways down https://silveracce365.com/gold-price-today-28-april-2022-gold-falls-below-rs-51000-silver-gives-up-rs-65000-can-trade-sideways-down/ Thu, 28 Apr 2022 06:04:21 +0000 https://silveracce365.com/gold-price-today-28-april-2022-gold-falls-below-rs-51000-silver-gives-up-rs-65000-can-trade-sideways-down/ Gold prices were trading down over half a percent in India on Thursday, reflecting global trends where the yellow metal has teetered near a two-month low. On the Multi Commodity Exchange, gold futures fell 0.6 percent or 318 rupees in June to 50,881 rupees per 10 grams from the previous close of 51,199 rupees. July […]]]>

    Gold prices were trading down over half a percent in India on Thursday, reflecting global trends where the yellow metal has teetered near a two-month low. On the Multi Commodity Exchange, gold futures fell 0.6 percent or 318 rupees in June to 50,881 rupees per 10 grams from the previous close of 51,199 rupees. July silver futures fell 1.4 per cent or Rs 910 to Rs 64,380 per kg. Global yellow metal prices weakened towards a two-month low in the previous session as the US dollar stabilized near five-year highs, hurting demand for gold bullion at the greenback price, according to Reuters. Spot gold fell 0.1% to $1,885.20 an ounce. US gold futures were also down 0.1% to $1,886.40.

    Jigar Trivedi, Manager – Non-Agro Fundamental Research, Anand Rathi Shares & Stock Brokers

    Gold and silver have fallen sharply these days on a strong dollar. The price movement has been significant over the past few days. A string of declines means gold has given up any gains it made thanks to the Russian invasion of Ukraine. US to release Q1 GDP and weekly jobless claims in the second session. Silver has seen a sharp sell-off in the precious metals market so we don’t deny the possibility of a rebound, but the undertone is bearish so we recommend selling on any bounce. MCX Gold June Futures could weaken to Rs. 50,900 per 10 grams.

    Tapan Patel, Senior Analyst – Commodities, HDFC Securities

    Gold prices traded weak on COMEX on Thursday Spot gold prices traded near $1881 an ounce in morning trade. MCX Gold June contract opened lower near Rs. 51040 per 10 grams according to weak global evidence. Gold prices fell below the $1890 support levels as the dollar surged to pre-pandemic levels and the highest since March 2020. Traders and investors are anticipating a major rate hike at the next US FOMC meeting. Higher inflation, geopolitical risk and mass COVID testing in China may cap some downside in gold. We expect gold prices to trade sideways to the downside for the day with COMEX spot gold support at $1870 and resistance at $1900 an ounce. MCX Gold June support stands at Rs. 50800 and resistance at Rs. 51300 per 10 grams.

    Navneet Damani, Senior Vice President – ​​Commodity & Currency Research, Motilal Oswal Financial Services

    Gold slipped to more than two-month lows as the dollar rallied on anticipation of aggressive monetary tightening by the US Federal Reserve. The dollar index surged to its highest level since January 2017, hitting a level of around 103, fueled by expectations that the US Federal Reserve will be more hawkish than its peers and safe-haven flows fueled by concerns over slowing growth in China and Europe were fueled. Market participants are pricing in more than a 50 basis point rate hike this year to calm inflation expectations. A cautious approach is advised ahead of the Fed’s key policy statement scheduled for next week; with comments from the Fed Governor, inflation and growth forecasts being very important. Market participants will be eyeing key US GDP data today; which, if reported better than expected, could put further pressure on gold and silver prices. The broader trend on the COMEX could be in the $1855-$1905 range and on the domestic front, prices could be in the Rs.50,500-51,300 range

    (The views in this story are expressed by the respective experts of the research and brokerage firm. Financial Express Online accepts no responsibility for the advice they give. Please consult your investment adviser before investing.)

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