Silver, also known as poor man’s gold, is expected to go down in terms of price, but Bart Melek, head of the commodity strategy for TD Securities, said that he doesn’t hope it will hit a record of lower price. Continue reading
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The bubble of silver seems to have finally burst. Silver prices fell steeply on Monday, reflecting the panic of the investors. Silver, along with gold, no longer seems a secure haven against the economic turmoil in the world today. Continue reading
The current state of positive beliefs about gold is impacting silver’s impending predictions as forecasters believe it will possibly rise to $50 an ounce, riding high on gold’s success. HSBC relies on its gold’s affirmative forecast, where it has prophecised that the precious metal will cost $1,850 per ounce in 2013. Investors depend on these and similar forecasts for gold as they continue to analyze silver’s future. But what holds for gold may not be for silver. They need to have a neutral view of silver, irrespective of what lies ahead for gold. In such situations, the future outlook for silver is raising concerns. Continue reading
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Due to dim demand from stockists, both precious metals, gold and silver, continue to lose for the second consecutive session. Both the precious metals showed a run-down phase in the national capital. Continue reading
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There has been a lot of fanfare over gold in the global economy as a safe haven investment. Equity markets worldwide fell while the US struggled to rear its head above debt in the last month. Continue reading
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Being the largest consumer of gold and the fourth-largest consumer of silver, India highly influences the trade of precious metals. Winter is the season full of festivals, and festivals in India are closely related to buying precious metals. Hence, the winter triggers the transactions of precious metals in the Indian market and influences the price movements of gold and silver. Continue reading
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The US debt crisis and European economic woes have sent the silver trading industry into turmoil as prices kept on declining through much of August. Traders and investors are grappled with fear since the current crisis could cause a decline in demand for industrial silver. Another interesting point that has come forward is the growing inflation rate in China, hindering a country’s growth that has until now ceased further recession dips along with Brazil and other developing countries. Continue reading
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The slowdown of economic growth in the US and China, along with the mountain of debt in the Eurozone, has the global economy tottering on the edge of a recession similar to the one in 2008. Similar circumstances have elicited panic, driving down global markets. However, the precious metals gold and silver showed gains, though the performance of silver was not as impressive as of gold. Compared to last year, the demand for gold increased by 3.23 %, while that of silver increased by 1.85. The less demand for silver is a possible indicator for the slackened demand for silver for industrial purposes. Continue reading
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The prices of silver kept on rising in mid-July and reached about $40.55 per ounce. However, spot silver prices fell on July 19 and touched $39.53 per ounce because of cut down by $1.022. Many analysts believe that another reason for fluctuating silver price is due to investors’ reactions who are concerned about the approaching August 2 deadline for the Eurozone debt, the US debt ceiling and the US Federal Reserve hinting at the third round of quantitative easing (QE3). As a consequence of the market scenarios, the prices of silver might be changing. However, the long-term prospects for valuable metals just like silver are profitable because of debt and loose monetary policies, which are there to stay. Continue reading
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