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Investor interest in silver will continue to play the deciding factor for silver prices over the following months. The silver prices will go back to $30/oz and remain consistent throughout the year if HSBC’s Outlook report is anything to go by.
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Maybank is further expanding its retail store by being the first local bank to provide a ‘Silver Investing Account’. The bank will offer silver investment passbooks that will enable account holders to deposit or withdraw silver at a daily price from Ringgit Malaysia (RM) at any of its branches across the country without having the stress of carrying physical silver. Continue reading
Buying silver is more preferable to other metals such as gold and platinum due to its relative cheapness, which allows you to buy more of the metal.
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There seem to be good times ahead for silver investors. Europe is making efforts to ease out debt. Even the US is showing economic growth, with employment in the US showing a positive trend. These conditions are favourable for the silver market. Continue reading
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Market analysts state that the right time to invest in silver is now. Upcoming macroeconomic new trends state the high potential for silver gains is soon. Continue reading
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China and silver have enjoyed a strong bond right from when it still issued a silver related currency in the early twentieth century. The entry of China into the global silver market is likely to end COMEX manipulation and reduce the volatility of the precious metal to a certain extent.
Silver needs to discard the volatility tag that gives it such a bad image. Also known as ‘devil’s metal’ by some traders, China’s entrance may further reinstate traders’ belief in silver as an undependable asset. But sooner or later, silver is bound to find stability.
Chinese retail investors are attracted to silver investment for its lower price than gold. The Asian country is one of the largest silver miners and the biggest consumers of industrial silver. At present, silver bullion and jewellery have attracted many investors doubling their investment with passing days. China is also a major importer of silver for industrial and fabrication purpose, mainly in electronic and solar products.
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Peru, the second-largest silver producing country globally, is experiencing a downfall in the silver market. Eclipse to the profits of mining companies in Peru is the indicator of decreasing financial benefits of companies.
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South American Silver Corp declared its first closure of $6.4 million on 16 April 2012. Final closing is expected to occur on or before May 11, 2012, for the remainder of the Offering. Continue reading
According to the Reuters report, the U.S silver stocks hit the highest mark on April 16, 2012. A spokesperson at US exchange operator CME group that owns COMEX reached 284.28 million ounces on the day.
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Legislators in the United States show interest in introducing alternative s to paper money in their respective constituents. More than a dozen US states have stated interest in issuing an alternative currency, particularly the debut of gold and silver coins.
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