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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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Technical analysis of Steel Vine Investments LLC predicts that silver prices can climb 25 per cent after reaching a “double bottom.” Continue reading
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On 22nd June 2012, the prices of silver in the United States dropped 3.1 % to $26.72 per ounce, influencing the daily precious metals index. Silver prices in India fell 1.7 % to INR 52 972($940) per kilogram.
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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
After the G8 ambiguous statement, the Euro is expected to pop up, leading to a drop in silver prices. The statement came up because of the lack of consensus for firm action. 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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