For the last nine uninterrupted years, silver production is displaying a positive growth and is expected to increase by 4 percent in 2011. Last year, in 2010, Mexico overtook Peru as the largest silver producing nation and should maintain its position firmly in 2011 as well. Soaring silver prices are indicating increased profitability for silver mining companies along with a renewed zest for exploration, investment & development.
Mitchell Krebs, CEO of Couer d’Alene Mines Corp, which is the largest silver miner in the United States, said that silver prices will continue to go up because of economic ambiguity and production turn down. Continue reading
Silver is found in a lot of countries. However, some countries are very rich in silver compared to others. Their silver production scale is larger and there is no eminent threat to the silver production in these countries. Raw material analysts claim that currently Mexico and Peru are the prime hotbeds for producing silver. These two countries form the foundation of the world silver production. Continue reading
As a result of changing prices on silver, it is very significant to maintain a record. The complete analysis on silver prices revealed that it will jump a bit higher in case of pricing. In a press conference, Bernanke received positive signals form Tarulla, Yellen and Dubely. Continue reading
Silver has traditionally been a popular metal for China. However, the current trend indicates that China is now turning to the metal, not only for ornamental purposes but seeks it as an investment metal.
The Shanghai Gold Exchange (SGE) is the only exchange in China for trading silver. Since 2010, the silver futures exchange has continued to boom and has increased almost six times this year. Experts claim that people have turned towards the metal because of the stagnant stock and property markets with slow returns.