Tag Archives: industrial use of silver

Silver Prices Around The World Are Changing Mining Operations

The silver investment that most people make has been pretty stable, but people are getting concerned that they are not going to get the same returns they did at one time. Continue reading

China Looks to Become a Major Player in Silver Trading

Credit: Alchemist-hp / CC-BY-SA 3.0

China and silver have enjoyed a strong bond right from the times when it still issued a silver related currency in the early twentieth century. The entry of China in the global silver market is likely to end COMEX manipulation as well as reduce the volatility of the precious metal to a certain extent.

Analyzing the latest trends in silver prices, 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 the belief of traders 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 and because the Asian country is one of the largest silver miners as well as the biggest consumers of industrial silver. At present, silver bullion and jewellery has drawn the interest of many investors who have been 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.

The Gold bearing on the image of Silver

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 are depending on these and similar forecasts for gold as they continue to analyze silver’s future. But what holds true 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