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It has not been a year since the downfall of silver, yet investors are eagerly making investments in silver. Silver coins are selling way too fast than gold coins. Analysts suggest that silver investment could produce way more profits than gold in the months ahead. Continue reading
Gold, silver and prices on other precious metals rose on the news of the EU sanctioning a gradual ban on Iran oil and all trade in diamonds, gold, silver and petrochemicals with the Iranian Central Bank. The measures also imply a ban on the delivery of new coins and banknotes to Iran. Continue reading
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Today’s fashion trends show that silver jewellery is highly in demand, much more than gold jewellery. Because the silver prices are far less than those on gold, silver jewellery is sure to hypnotize the world for many years more, say the silver and fashion industry experts.
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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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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 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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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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Forex broker IBFX Australia, an affiliate of the Interbank FX Group of companies headquartered in Sydney today, publicized the launch of their gold and silver CFD contracts through its MetaTrader 4 trading platform. Recognizing the keen demand for gold and silver, IBFX has permitted traders to chart and trade these two precious commodities in conjunction with their preferred currencies. Continue reading