Silver ingot. Credit: Aatze78 / CC-BY-SA 3.0
For the last nine uninterrupted years, silver production is displaying a positive growth and is expected to increase by 4 % in 2011. Last year, in 2010, Mexico overtook Peru as the largest silver producing nation and should maintain its position firmly in 2011. Soaring silver prices indicates increased profitability for silver mining companies and a renewed zest for exploration, investment & development.
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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%.
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
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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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