The year 2011 was pretty turbulent for precious metals. Still, analysts predict that gold and silver prices will go high in 2012 as both the shimmering metals are regaining their status as safe havens for investments and an alternative to bonds and funds.
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Silver prices are considered to be the most volatile, with sudden highs and lows. The current trend shows that investor sentiment is once again turning positive towards this metal. Money is slowly pouring in as hedge funds, and traders are again coming back to this volatile metal. 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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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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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