China was the market for almost 23 % of the international consumption of silver. If you have been wary of investing in silver, now is definitely the time to reconsider. The Hong Kong Mercantile Exchange has just started trading on silver futures. This will grant Asians direct access to the dollar-denominated Chinese silver futures and lower the US prominence in the trading of silver bullion. Continue reading
Monthly Archives: July 2011
Silver investment will continue to grow despite volatility
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Silver is not gaining momentum, surely not after crashing from $50 per ounce to $32-36 per ounce. Things are not hunky-dory for the commodity, but according to experts, investors should stop greying their hair over the volatility of silver as even today, the precious metal is a good investment due to its extensive use in the industrial arena. Continue reading
Acquisition of historic mine by Silver Horn Mining Ltd
Silver Horn Mining Ltd is a mining company that explores silver mining resources. The Company announced its acquisition of the Tip Top Mine in Yavapai County, AZ. The company’s position has strengthened in the mineral-rich soil of the Bradshaw Mountains with this acquisition, along with the possession of the ‘76’ Mine. Continue reading
PAMM Analysis: Increasing demand for silver
Market trends suggest that the demand for silver has drastically decreased. However, silver is trying to maintain its influence over industries. It is a precious metal for safe investment. This might be because of its counterpart, gold, which is much dearer than silver, and it can also combat economic issues of life. However, everybody can’t afford to invest in gold. That is why people have started investing in silver. Continue reading
Emerging prospects of silver in industrial uses
Credit: Jurii / CC-BY-SA 3.0
After soaring to $50, the silver prices are now shuttling in the narrow margin from $32 to $36 per ounce. It isn’t easy to forecast the future of silver prices. However, there are several reasons that silver prices may spell well for investors in the medium and long term considering the several factors affecting silver prices. Continue reading