Though silver is one of the precious metals, it is also used as a raw material in various industrial processes.
Continue reading
Silver: An Industrial Metal
Leave a reply
Tag Archives: Global economomy
Why Silver Prices Are Higher Than Ever?
Though silver is looked upon as secondary or metal with lesser importance than gold, many people don’t know that silver is far more in demand for its industrial usage.
Prices on Silver Rise per Ounce!
Silver ingot. Credit: Aatze78 / CC-BY-SA 3.0
The weak global economy has had negative effects on the markets of almost every commodity. But, the market of silver, a commodity considered one of the precious metals, is flourishing like never before!
Continue reading
Year 2012 To See Silver Shine Brighter
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.
Continue reading
Precious Metals Prices See Downfall
Credit: Dnn87 / CC-BY SA 3.0
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%.
The downfall of silver
Credit: Rob Lavinsky, iRocks.com / CC-BY-SA-3.0
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
Are we heading towards ‘Great Recession 2.0’?
PD Photo / US Department of Treasury
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