Recently there has been much talk about the role of silver in investment and the demand for precious metals. However, what’s more interesting is the technological requirement for silver in various fields.
Silver market today can best be described to what it was 100 years back, when the industrial demand for silver had only just began to burgeon. In the early 1980’s, silver demand was declining as a reaction to the high silver prices and worldwide recession that had set in. Now silver is back in a phase where it has become a great business to be in, at least for the next 50 years. Continue reading →
Though the experts say that the current prices on precious metals are comparatively high than they used to be some years ago, current prices are sending shivers down everybody’s spine who want to buy silver or gold. But not the Chinese.
A pure (>99.95%) silver crystal, synthetic electrolytic made with visible dendritic structures. Weight ≈11g. this image was made from 12 single pictures via focus stacking
China could play an important role in silver market as Shanghai Futures Exchange opened its doors to silver trading from Thursday. If the world’s largest silver consumer plays its cards well, it could soon be dominating the global silver market as it is presently doing with the global gold market. Continue reading →
Downfall in silver market is what Peru, the second-largest silver producing country in the world, is going through.
Eclipse to the profits of mining companies in Peru is the indicators of decreasing financial benefits of companies.
Compania de Minas Buenaventura SAA, one of the leading silver mining companies in Peru, declared reduced profits compared with those in earlier year. The company said its net income in the first-quarter of last year was $224.8 million while this year’s first-quarter has not been able to show the net income beyond $207.5 million. It also revealed that the shares of the company have come down to 82 cents from 88 cents per share last year. Continue reading →