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Mitchell Krebs, CEO of Couer d’Alene Mines Corp, which is the largest silver miner in the United States, said that silver prices would continue to go up because of economic ambiguity and production turn down. Continue reading
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Silver is found in a lot of countries. However, some countries are affluent in silver compared to others. Their silver production scale is larger, and there is no threat to 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 world silver production. Continue reading
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As a result of changing prices on silver, it is very significant to maintain a record. The complete analysis of silver prices revealed that it would jump a bit higher. In a press conference, Bernanke received positive signals from Tarulla, Yellen and Dubely. Continue reading
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Silver has traditionally been a popular metal in China. However, the current trend indicates that China is now turning to metal, not only for ornamental purposes but seeks it as an investment metal.
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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. Continue reading
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The near future of precious metals such as silver and gold seems cloudy. Prices on these shiny metals are declining as a result of the dollar’s rally. The dollar went up high by 6% last month, and at the same time, gold fell by 11%.
Ancient Greek Silver Coin (Dekadrachm), about 400 B.C.E. Credit: Flickr / PD Photo
Silver coins have been valued throughout the centuries. Earlier, the coins were made from pure silver, while the coins minted in the later centuries inevitably have some alloy mixed in the silver. This makes vintage silver coins more precious and rare, adding to their net worth. The more rare and scarce it is, the more is its monetary value.
Some industry analysts believe that the depleting resources of silver will raise the silver coin prices even higher. Various prices come into view that affects the prices of silver coins. A tottering economy, global economic turmoil make silver coins attractive options for their investment portfolio. Not only is it a precious metal but also a metal used for commercial use.
The use of silver coins as a monetary currency is halted as the silver mines grow small. As a result, the prices of silver coins keep on soaring. So investors who have silver coins in their investment portfolio might do really well soon.
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