Silver to Regain its Lost Significance by an Increase up to 25%

Native silver

Credit: Teravolt at English Wikipedia

Like other commodities, the prices of the silver drop at first but regain their value in the market. The silver price has dropped more than 37% since April 2011. However, it is in the path of recovery after up to 28% of the drop in the last month.

Despite the fluctuation in the market, silver prices stayed in a stable condition and recovered from the repeated losses over the past 12 months. It has left behind gold, platinum and palladium and not fallen below average.

According to the reports, silver regained its significance in the global market more than any other metals due to the improving European economy. One big reason is that the metal can be used in industrial application and as an investment option.

Many analysts believe that China has the leading role in directing the prices of silver because the demand for silver is enormously increasing out there, particularly for industrial purposes. The surveys depict that silver stayed on an average price of 38$ / ounce for the quarter months. It started stepping onto the ladders by up to a 25% increase beginning from September end.

In the past two weeks, silver has continuously gained enough hype and increased up to 3.4%. This is clear that investing in silver is much safer as compared to other commodities.

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