Silver Passes $30 for First Time Since 1980

"Strong demand from momentum traders and retail investors lifted the metal."

U.S. silver futures rose above $30 an ounce on Monday, gaining more than 2% as gold's rally—along with strong demand from momentum traders and retail investors—lifted the metal to its highest level since 1980.

U.S. March silver futures climbed above $30 on the Comex division of the Nymex, having earlier rose as high as $30.085.

Silver, the cheaper alternative to gold, continues to be the standout performer in precious metals. This momentum trade is in full effect after speculators raised their net long positions in silver by 12% last week.

Bernanke's suggestion that a sustainable economic recovery could take a while and could see more quantitative easing helped boost silver prices. (Gold, well over $1,400 an ounce, is also less than $10 from fresh nominal high.)

Silver futures have gained almost 70% since August, when expectations of more QE were first discussed.

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Source: Streetwise Reports (01/29/2021)

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Source: Streetwise Reports (01/28/2021)

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Source: Streetwise Reports (01/27/2021)

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Source: Streetwise Reports (01/27/2021)

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Source: Streetwise Reports (01/26/2021)

Vir Biotechnology shares traded higher after the company reported data from its Phase 1 Chronic Hepatitis B Study that showed VIR-3434 significantly and rapidly reduced hepatitis B surface antigen.

Aurinia Pharma Shares Open at 52-Week High as FDA Approves Adult Lupus Nephritis Drug
Source: Streetwise Reports (01/25/2021)

Shares of Aurinia Pharmaceuticals traded 30% higher after the company reported that the U.S. Food and Drug Administration approved its LUPKYNIS™ (voclosporin) for use in treating adults with active lupus nephritis.

AzurRx Doses First Two People in Expanded Phase 2b Trial of Cystic Fibrosis Patients
Source: Streetwise Reports (01/22/2021)

AzurRx BioPharma shares traded 45% higher after the firm advised it had dosed the first two patients in its Phase 2b OPTION 2 Extension Study of MS1819 for treatment of exocrine pancreatic insufficiency in patients with cystic fibrosis.

NGL Energy Shares Rise 21% as It Seeks to Raise $2.05 Billion from Senior Secured Note Offering
Source: Streetwise Reports (01/21/2021)

Shares of NGL Energy Partners LP traded higher after the firm made a series of announcements over the past three days regarding an update on financial operations, a settlement with a customer in bankruptcy, a quarterly Class D unit distribution and a $2.05 billion senior secured debt offering.

Explorer Discovers New Gold Mineralization at Abitibi Gold Belt Property
Source: Streetwise Reports (01/21/2021)

iMetal Resources is setting out to see if the multi-million ounce gold resource next door continues onto its Gowganda West property in Ontario.

Gritstone Oncology Licenses LNP Platform from Genevant Sciences to Develop COVID-19 Vaccine
Source: Streetwise Reports (01/20/2021)

Shares of Gritstone Oncology reached a new 52-week high price after the company advised it entered into a non-exclusive licensing agreement with Genevant Sciences to develop and commercialize self-amplifying RNA vaccines for use against SARS-CoV-2.