Ontvang nu dagelijks onze kooptips!
word abonnee
sluiten ✕
Terug naar discussie overzicht
OUTOKUMPU koersverloop - ontwikkeling -
Volgen
koers aperam is ook gehalveerd
keljans 123 schreef op 1 oktober 2019 00:02 :
koers aperam is ook gehalveerd
Als je de lange termijn grafiek bekijkt dan heeft outokompu begin 2017 bijna de 10 euro aangetikt,en daarna zit dit aandeel in een down trend en het lijkt er op (ondanks wat oplevingen) dat er steeds nieuwe lows opgezocht worden,dit aandeel doet het in vergelijk met zijn peers in de downtrend veel slechter,met al het slechte nieuws uit de industrie wereldwijd vrees ik dat het aandeel door partijen nog lager gezet gaat worden.
Dit heeft het aandeel ook niet geholpen. Nickel mit bestem Quartal seit 2010 Dienstag, 01.10.2019 13:30 von Björn Junker Im Zeitraum von Juli bis September verbuchte Nickel die beste Quartalsperformance seit dem Jahr 2010. Am Markt geht man davon aus, dass das zum Jahresende in Indonesien in Kraft tretende Exportverbot von Nickelerz das Angebot des Industriemetalle stark verknappen wird. Nickel, das Metall wird in der Herstellung von Edelstahl aber auch von Lithiumbatterien verwendet, schoss Anfang September nach oben, nachdem Indonesien mitteilte, dass das Verbot der Ausfuhr von nicht verarbeitetem Nickelerz am 1. Januar 2020 in Kraft treten wird – und damit zwei Jahre früher als ursprünglich angekündigt. Damit fallen laut der International Nickel Study Group bis zu 350.000 Tonnen Angebot weg. Der Nickelpreis ist so im gerade abgelaufenen Quartal um 34% gestiegen und führt damit den Bloomberg Commodity Index an, der 23 Rohstoffe umfasst. Das Metall hat damit auch deutlich besser performt als die Aktienmärkte. Damit ist Nickel einer der wenigen Lichtblicke unter den Industriemetallen, die insgesamt unter der Erwartung leiden, dass der Handelskrieg zwischen den USA und China und ein langsameres Wachstum der Weltwirtschaft die Nachfrage einbrechen lassen werden. Ein wichtiger Indikator ist auch, dass die Aufträge zur Entnahme von Nickel aus den von der LME (London Metal Exchange) überwachten Warenhäusern gestern den siebten Tag in Folge stiegen, was der höchste Wert seit 2013 ist. Seit Jahresbeginn ist der Nickelpreis an der LME um rund 68% gestiegen.
kusadasi schreef op 1 oktober 2019 14:22 :
Dit heeft het aandeel ook niet geholpen.
Waarom niet?
kusadasi schreef op 1 oktober 2019 14:00 :
[...]Als je de lange termijn grafiek bekijkt dan heeft outokompu begin 2017 bijna de 10 euro aangetikt,en daarna zit dit aandeel in een down trend en het lijkt er op (ondanks wat oplevingen) dat er steeds nieuwe lows opgezocht worden,dit aandeel doet het in vergelijk met zijn peers in de downtrend veel slechter,met al het slechte nieuws uit de industrie wereldwijd vrees ik dat het aandeel door partijen nog lager gezet gaat worden.
bovendien voorspelde de ceo een lager derde kwartaal tot dan maar beter afblijven
Dat zou mooi zijn, maar helaas. Radio stilte vanaf 1 - 30 oktober. 31-10-19 komt de presentatie, wat ik zag op website. dan zal er geen winstwaarschuwing komen als ze radio stilte hebben aangekondigd :-).
Knight V schreef op 7 oktober 2019 10:31 :
Dat zou mooi zijn, maar helaas.
Radio stilte vanaf 1 - 30 oktober.
31-10-19 komt de presentatie, wat ik zag op website.
dan zal er geen winstwaarschuwing komen als ze radio stilte hebben aangekondigd :-).
hebben we het beide over outokumpu?
Ik hoop het dat wij over hetzelfde hebben. vorig jaar kregen wij op 10 oktober 2018 melding dat de cijfers gepubliceerd werden op 28 oktober. Hier is de IR event schedule voor 2019.www.outokumpu.com/investors/ir-events
je hebt gelijk . vorig jaar was de aankondiging op 10. niet verder gelezen bedankt
Moh jongens toch....Aperam is oververkocht, heeft een mega dividend...waarom niet kopen!
Outokumpu Appoints Mr Rajeev Sherry as MD of Indian Operations Global Stainless Steel major Outokumpu has appointed Mr Rajeev Sherry as Managing Director to head company’s India operations. Mr Sherry, an engineering graduate and post graduate in Business Management, has earlier worked in various senior roles in Major Indian and global metal companies including Hindalco, Alcan and Rio Tinto. Mr Sherry said “Outokumpu is the global leader in stainless steel and a pioneer in product and application innovations with production facilities in Finland, Germany, Sweden, the UK, the USA and Mexico. In India, the company will mainly focus on high end application segment including growing energy sector which include nuclear, renewable and fossil energy. Other key offerings include applications for oil & gas, railways, chemical processing industries, coastal bridges and desalination plants where human safety and process efficiency elements play a key role.” He said “Stainless steel is the fastest growing segment of the metals industry with a variety of applications. New applications are being continuously developed to meet more stringent requirements. In India, demand for stainless steel is on constant increase due to awareness about the product and availability of right grades and sizes. The demand for the corrosion free metal is growing in high end industries including oil & gas, energy and shipping-related industries, railways, ports, infrastructure and automotive where corrosion is a serious issue” Mr Sherry also said “Apart from providing speciality steel to high end industries, Outokumpu continues to offer competitive cost advantages to other segments such as Architecture, Building and Construction, food processing, capital goods, Railways and pulp & paper industry. Outokumpu is recognized worldwide for its environmental work, and sustainability is at the core of the company’s purpose, working towards a world that lasts forever. Stainless steel itself is sustainable material, it is durable and 100% recyclable. The recycled content of Outokumpu products is over 85% against the industry average of 60%. Outokumpu’s unique track record in sustainable performance is the result of a long-term commitment, and in India, we will continue on the same path” Source : Strategic Research Institute
Koers nu zijwaarts na 7% plus stijging. In afwachting van ontmoeting trump en china.
Trading Halt op Out1V. Dus een technische probleem. 1-10-19.Nasdaq is still experiencing connectivy issues affecting its Nordic and Baltic markets. As a result, we made a new decision to halt the equity and equity derivatives markets again at 13.00 CET . We will provide additional information as it becomes available.
Outokumpu joins the Responsible Steel initiative Outokumpu is further strengthening its sustainability agenda by joining the Responsible Steel initiative. Kari Tuutti, President of Long Products and Head of Group Sustainability at Outokumpu said that “We’re very excited to be part of the Responsible Steel initiative. We strongly believe that stainless steel is an important element in building a more sustainable future across the globe. A solid sustainability standard for stainless steel will help steel users to evaluate the sustainability of various producers. We’re confident that Responsible Steel will become a globally recognized standard for the steel industry in the coming years.” Responsible Steel is a global multi-stakeholder standard and certification initiative for the steel industry. The initiative is developing an independent certification standard that helps the steel industry to communicate about carbon footprint and other sustainability aspects of their products and operations to customers and other stakeholders. As the global leader in low carbon stainless steel production, Outokumpu aims to actively contribute to the development of the standard and its implementation to encourage the industry, our customers and other stakeholders in the value chain to take a step further in sustainability. Source : Strategic Research Institute
Outokumpu Announces Q3 Results Outokumpu’s sales decreased to EUR 1,590 million (EUR 1,733 million) and adjusted EBITDA to EUR 45 million (EUR 128 million). Profitability decreased significantly primarily due to 8% lower stainless steel deliveries reflecting a weak stainless steel market particularly in Europe, as well as raw material-related inventory and metal derivative losses of EUR 31 million (gains of EUR 3 million) caused by a sharp rise of the nickel price. Ferrochrome profitability was negatively impacted by the lower benchmark price. Raw material mix, on the other hand, improved in both business area Europe and the Americas. Other operations and intra-group items’ adjusted EBITDA was EUR 14 million (EUR -4 million), positively impacted by gains from derivatives and the sale of emission allowances. Highlights in Q3 2019 Stainless steel deliveries were 533,000 tonnes (582,000 tonnes). Adjusted EBITDA was EUR 45 million (EUR 128 million). EBITDA was EUR 45 million (EUR 128 million). Operating cash flow was EUR 12 million (EUR 61 million). Net debt was EUR 1,336 million (June 30, 2019: EUR 1,307 million). Gearing was 51.4% (June 30, 2019: 49.8%). Return on capital employed (ROCE) was 1.0% (June 30, 2019: 2.9%). During the first nine months of 2019, Outokumpu’s sales decreased to EUR 5,006 million (EUR 5,286 million). Adjusted EBITDA decreased to EUR 190 million (EUR 397 million). Weak stainless steel market has led to significantly lower base prices. On the other hand, pricing has been supported by improved product and raw material mix. Deliveries during the first nine months of the year were 8% lower compared to the same period last year. Ferrochrome profitability was suffering from lower ferrochrome benchmark price, but part of this impact was compensated by record-high production. Raw material-related inventory and metal derivative losses during January-September were EUR 60 million, significantly higher than the losses of EUR 1 million during the first nine months of 2018. Other operations and intra-group items’ adjusted EBITDA amounted to EUR 4 million (EUR 11 million).EBIT was EUR 3 million (EUR 241 million) and net result amounted to EUR -60 million (EUR 103 million). Highlights in Q1–Q3 2019 Stainless steel deliveries were 1,738,000 tonnes (1,894,000 tonnes). Adjusted EBITDA was EUR 190 million (EUR 397 million). EBITDA was EUR 176 million (EUR 404 million). Operating cash flow was EUR 228 million (EUR 171 million). Net result was EUR -60 million (EUR 103 million). Voor cijfers, zie pdf. Outlook for Q4 2019 The stainless steel market is expected to remain subdued. The European market is suffering from continued import pressure from Asia and low underlying demand whereas in the US, we expect to see the normal fourth-quarter seasonality. Consequently, Outokumpu expects its fourth-quarter stainless steel deliveries to be lower than in the third quarter of 2019. The planned annual maintenance work at the Tornio stainless steel mill is expected to have up to EUR 15 million negative impact on business area Europe’s profitability. Assuming the current raw material prices, the losses from raw material-related inventories and metal derivatives from the third quarter are not expected to be repeated in the fourth quarter. Outokumpu expects its fourth-quarter adjusted EBITDA to be at a similar level to the third quarter of 2019 (Q3/19: EUR 45 million). Source : Strategic Research Institute
OUT1v... hoppa naar 2,65... Ik zie de 2,80 ook nog wel als Aperam met cijfers komt, dan gaat Out1V in de slipstream mee.
Moody downgrades Outokumpu Rating to B2 Moody's Investors Service has downgraded to B2 from B1 the corporate family rating and to B2-PD from B1-PD the probability of default rating of Finland-based stainless steel producer Outokumpu Oyj. Concurrently, Moody's downgraded from Ba3 to B1 the instrument rating on the group's senior secured notes. The outlook has been changed to stable from negative. The downgrade was prompted by Outokumpu's continued weak results during the last 12 months ended 30 September 2019, underpinned by a further deteriorating market environment in the European stainless steel industry, caused by cyclical and structural challenges. The slowdown in end-market demand, unabated high stainless steel imports into Europe suppressing domestic base prices and timing and hedging losses led to an erosion in profitability and cash flow generation. In addition, the operating performance of the US business is still low, despite a more favorable market environment. With the persistent earnings decline, Outokumpu's leverage as adjusted by Moody's increased to 7.7x debt/EBITDA for the last 12 months ended 30 September 2019, which, together with EUR6 million negative Moody's-adjusted free cash flow in the same period positions the B2 rating currently at a weak level. The stable outlook reflects Moody's expectations that the current exceptionally adverse market situation will normalize in 2020. This should ease the pressure on Outokumpu's profitability, which it would need to structurally improve to more adequately position the B2 rating over the next 12-18 months. Moreover, the stable outlook assumes that the group will retain an adequate liquidity profile with positive free cash flow generation and maintain a prudent financial policy, as shown by expected lower dividend payments next year, if any. Source : Strategic Research Institute
Outokumpu India to Focus on High End Stainless Steel Applications in India Finnish Stainless Steel major Outokumpu announced that it will mainly focus on growing high end segment in India. Outokumpu India MD Mr Rajeev Sherry said “In India, the company will mainly focus on high end application segment including growing energy sector which include nuclear, renewable and fossil energy. Other key offerings include applications for oil & gas, railways, chemical processing industries, coastal bridges and desalination plants where human safety and process efficiency elements play a key role.” He said “Stainless steel is the fastest growing segment of the metals industry with a variety of applications. New applications are being continuously developed to meet more stringent requirements. In India, demand for stainless steel is on constant increase due to awareness about the product and availability of right grades and sizes. The demand for the corrosion free metal is growing in high end industries including oil & gas, energy and shipping-related industries, railways, ports, infrastructure and automotive where corrosion is a serious issue.” He added “Apart from providing speciality steel to high end industries, Outokumpu continues to offer competitive cost advantages to other segments such as Architecture, Building and Construction, food processing, capital goods, Railways and pulp & paper industry.” Source : Strategic Research Institute
Outokumpu : says fourth quarter profit better than expected 01/20/2020 | 02:44am Finnish stainless steel maker Outokumpu said on Monday its October-December core operating profit would be better than expected due to positive raw material impacts, including improved raw material efficiency and hedging. Outokumpu said its fourth quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) would be around 70 million euros ($77.7 million). It had earlier guided for around 45 million level. Analysts had expected for adjusted EBITDA of 44.6 million euros, according to Refinitiv data, with estimates ranging from 26 million to 56 million. The company is due to publish fourth quarter results on Feb 5. Outokumpu has previously reported falling sales and profits as cheap Asian imports have hit its sales in Europe. (Reporting by Tarmo Virki; Editing by Alex Richardson) Copyright 2020 © Thomson Reuters
Aantal posts per pagina:
20
50
100
Direct naar Forum
-- Selecteer een forum --
Koffiekamer
Belastingzaken
Beleggingsfondsen
Beursspel
BioPharma
Daytraders
Garantieproducten
Opties
Technische Analyse
Technische Analyse Software
Vastgoed
Warrants
10 van Tak
4Energy Invest
Aalberts
AB InBev
Abionyx Pharma
Ablynx
ABN AMRO
ABO-Group
Acacia Pharma
Accell Group
Accentis
Accsys Technologies
ACCSYS TECHNOLOGIES PLC
Ackermans & van Haaren
ADMA Biologics
Adomos
AdUX
Adyen
Aedifica
Aegon
AFC Ajax
Affimed NV
ageas
Agfa-Gevaert
Ahold
Air France - KLM
Airspray
Akka Technologies
AkzoNobel
Alfen
Allfunds Group
Allfunds Group
Almunda Professionals (vh Novisource)
Alpha Pro Tech
Alphabet Inc.
Altice
Alumexx ((Voorheen Phelix (voorheen Inverko))
AM
Amarin Corporation
Amerikaanse aandelen
AMG
AMS
Amsterdam Commodities
AMT Holding
Anavex Life Sciences Corp
Antonov
Aperam
Apollo Alternative Assets
Apple
Arcadis
Arcelor Mittal
Archos
Arcona Property Fund
arGEN-X
Aroundtown SA
Arrowhead Research
Ascencio
ASIT biotech
ASMI
ASML
ASR Nederland
ATAI Life Sciences
Atenor Group
Athlon Group
Atrium European Real Estate
Auplata
Avantium
Axsome Therapeutics
Azelis Group
Azerion
B&S Group
Baan
Ballast Nedam
BALTA GROUP N.V.
BAM Groep
Banco de Sabadell
Banimmo A
Barco
Barrick Gold
BASF SE
Basic-Fit
Basilix
Batenburg Beheer
BE Semiconductor
Beaulieulaan
Befimmo
Bekaert
Belgische aandelen
Beluga
Beter Bed
Bever
Binck
Biocartis
Biophytis
Biosynex
Biotalys
Bitcoin en andere cryptocurrencies
bluebird bio
Blydenstijn-Willink
BMW
BNP Paribas S.A.
Boeing Company
Bols (Lucas Bols N.V.)
Bone Therapeutics
Borr Drilling
Boskalis
BP PLC
bpost
Brand Funding
Brederode
Brill
Bristol-Myers Squibb
Brunel
C/Tac
Campine
Canadese aandelen
Care Property Invest
Carmila
Carrefour
Cate, ten
CECONOMY
Celyad
CFD's
CFE
CGG
Chinese aandelen
Cibox Interactive
Citygroup
Claranova
CM.com
Co.Br.Ha.
Coca-Cola European Partners
Cofinimmo
Cognosec
Colruyt
Commerzbank
Compagnie des Alpes
Compagnie du Bois Sauvage
Connect Group
Continental AG
Corbion
Core Labs
Corporate Express
Corus
Crescent (voorheen Option)
Crown van Gelder
Crucell
CTP
Curetis
CV-meter
Cyber Security 1 AB
Cybergun
D'Ieteren
D.E Master Blenders 1753
Deceuninck
Delta Lloyd
DEME
Deutsche Cannabis
DEUTSCHE POST AG
Dexia
DGB Group
DIA
Diegem Kennedy
Distri-Land Certificate
DNC
Dockwise
DPA Flex Group
Draka Holding
DSC2
DSM
Duitse aandelen
Dutch Star Companies ONE
Duurzaam Beleggen
DVRG
Ease2pay
Ebusco
Eckert-Ziegler
Econocom Group
Econosto
Edelmetalen
Ekopak
Elastic N.V.
Elia
Endemol
Energie
Energiekontor
Engie
Envipco
Erasmus Beursspel
Eriks
Esperite (voorheen Cryo Save)
EUR/USD
Eurobio
Eurocastle
Eurocommercial Properties
Euronav
Euronext
Euronext
Euronext.liffe Optiecompetitie
Europcar Mobility Group
Europlasma
EVC
EVS Broadcast Equipment
Exact
Exmar
Exor
Facebook
Fagron
Fastned
Fingerprint Cards AB
First Solar Inc
FlatexDeGiro
Floridienne
Flow Traders
Fluxys Belgium D
FNG (voorheen DICO International)
Fondsmanager Gezocht
ForFarmers
Fountain
Frans Maas
Franse aandelen
FuelCell Energy
Fugro
Futures
FX, Forex, foreign exchange market, valutamarkt
Galapagos
Gamma
Gaussin
GBL
Gemalto
General Electric
Genfit
Genmab
GeoJunxion
Getronics
Gilead Sciences
Gimv
Global Graphics
Goud
GrandVision
Great Panther Mining
Greenyard
Grolsch
Grondstoffen
Grontmij
Guru
Hagemeyer
HAL
Hamon Groep
Hedge funds: Haaien of helden?
Heijmans
Heineken
Hello Fresh
HES Beheer
Hitt
Holland Colours
Homburg Invest
Home Invest Belgium
Hoop Effektenbank, v.d.
Hunter Douglas
Hydratec Industries (v/h Nyloplast)
HyGear (NPEX effectenbeurs)
HYLORIS
Hypotheken
IBA
ICT Automatisering
Iep Invest (voorheen Punch International)
Ierse aandelen
IEX Group
IEX.nl Sparen
IMCD
Immo Moury
Immobel
Imtech
ING Groep
Innoconcepts
InPost
Insmed Incorporated (INSM)
IntegraGen
Intel
Intertrust
Intervest Offices & Warehouses
Intrasense
InVivo Therapeutics Holdings Corp (NVIV)
Isotis
JDE PEET'S
Jensen-Group
Jetix Europe
Johnson & Johnson
Just Eat Takeaway
Kardan
Kas Bank
KBC Ancora
KBC Groep
Kendrion
Keyware Technologies
Kiadis Pharma
Kinepolis Group
KKO International
Klépierre
KPN
KPNQwest
KUKA AG
La Jolla Pharmaceutical
Lavide Holding (voorheen Qurius)
LBC
LBI International
Leasinvest
Logica
Lotus Bakeries
Macintosh Retail Group
Majorel
Marel
Mastrad
Materialise NV
McGregor
MDxHealth
Mediq
Melexis
Merus Labs International
Merus NV
Microsoft
Miko
Mithra Pharmaceuticals
Montea
Moolen, van der
Mopoli
Morefield Group
Mota-Engil Africa
MotorK
Moury Construct
MTY Holdings (voorheen Alanheri)
Nationale Bank van België
Nationale Nederlanden
NBZ
Nedap
Nedfield
Nedschroef
Nedsense Enterpr
Nel ASA
Neoen SA
Neopost
Neovacs
NEPI Rockcastle
Netflix
New Sources Energy
Neways Electronics
NewTree
NexTech AR Solutions
NIBC
Nieuwe Steen Investments
Nintendo
Nokia
Nokia OYJ
Nokia Oyj
Novacyt
NOVO-NORDISK AS
NPEX
NR21
Numico
Nutreco
Nvidia
NWE Nederlandse AM Hypotheek Bank
NX Filtration
NXP Semiconductors NV
Nyrstar
Nyxoah
Océ
OCI
Octoplus
Oil States International
Onconova Therapeutics
Ontex
Onward Medical
Onxeo SA
OpenTV
OpGen
Opinies - Tilburg Trading Club
Opportunty Investment Management
Orange Belgium
Oranjewoud
Ordina Beheer
Oud ForFarmers
Oxurion (vh ThromboGenics)
P&O Nedlloyd
PAVmed
Payton Planar Magnetics
Perpetuals, Steepeners
Pershing Square Holdings Ltd
Personalized Nursing Services
Pfizer
Pharco
Pharming
Pharnext
Philips
Picanol
Pieris Pharmaceuticals
Plug Power
Politiek
Porceleyne Fles
Portugese aandelen
PostNL
Priority Telecom
Prologis Euro Prop
ProQR Therapeutics
PROSIEBENSAT.1 MEDIA SE
Prosus
Proximus
Qrf
Qualcomm
Quest For Growth
Rabobank Certificaat
Randstad
Range Beleggen
Recticel
Reed Elsevier
Reesink
Refresco Gerber
Reibel
Relief therapeutics
Renewi
Rente en valuta
Resilux
Retail Estates
RoodMicrotec
Roularta Media
Royal Bank Of Scotland
Royal Dutch Shell
RTL Group
RTL Group
S&P 500
Samas Groep
Sapec
SBM Offshore
Scandinavische (Noorse, Zweedse, Deense, Finse) aandelen
Schuitema
Seagull
Sequana Medical
Shurgard
Siemens Gamesa
Sif Holding
Signify
Simac
Sioen Industries
Sipef
Sligro Food Group
SMA Solar technology
Smartphoto Group
Smit Internationale
Snowworld
SNS Fundcoach Beleggingsfondsen Competitie
SNS Reaal
SNS Small & Midcap Competitie
Sofina
Softimat
Solocal Group
Solvac
Solvay
Sopheon
Spadel
Sparen voor later
Spectra7 Microsystems
Spotify
Spyker N.V.
Stellantis
Stellantis
Stern
Stork
Sucraf A en B
Sunrun
Super de Boer
SVK (Scheerders van Kerchove)
Syensqo
Systeem Trading
Taiwan Semiconductor Manufacturing Company (TSMC)
Technicolor
Tele Atlas
Telegraaf Media
Telenet Groep Holding
Tencent Holdings Ltd
Tesla Motors Inc.
Tessenderlo Group
Tetragon Financial Group
Teva Pharmaceutical Industries
Texaf
Theon International
TherapeuticsMD
Thunderbird Resorts
TIE
Tigenix
Tikkurila
TINC
TITAN CEMENT INTERNATIONAL
TKH Group
TMC
TNT Express
TomTom
Transocean
Trigano
Tubize
Turbo's
Twilio
UCB
Umicore
Unibail-Rodamco
Unifiedpost
Unilever
Unilever
uniQure
Unit 4 Agresso
Univar
Universal Music Group
USG People
Vallourec
Value8
Value8 Cum Pref
Van de Velde
Van Lanschot
Vastned
Vastned Retail Belgium
Vedior
VendexKBB
VEON
Vermogensbeheer
Versatel
VESTAS WIND SYSTEMS
VGP
Via Net.Works
Viohalco
Vivendi
Vivoryon Therapeutics
VNU
VolkerWessels
Volkswagen
Volta Finance
Vonovia
Vopak
Warehouses
Wave Life Sciences Ltd
Wavin
WDP
Wegener
Weibo Corp
Wereldhave
Wereldhave Belgium
Wessanen
What's Cooking
Wolters Kluwer
X-FAB
Xebec
Xeikon
Xior
Yatra Capital Limited
Zalando
Zenitel
Zénobe Gramme
Ziggo
Zilver - Silver World Spot (USD)