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
The Chinese Gold and Silver Exchange Society. Credit: Ahleong / CC-BY-SA 3.0
Though the experts say that the current prices of precious metals are comparatively high than they used to be some years ago, current prices send shivers down everybody’s spine who want to buy silver or gold. But not the Chinese.
Credit: Rob Lavinsky, iRocks.com – CC-BY-SA-3.0
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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Because of increasing prospects of volatile silver prices, the imports into India are about to fall up to 27% in 2012 even though the import duty is unchanged. The head firmly says this statement of the country’s biggest bullion importer. Continue reading
Though silver is one of the precious metals, it is also used as a raw material in various industrial processes.
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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.
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!
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Credit: PD Photo
Though 2011 showed a comparatively low future for silver and gold, the new year has an optimistic future and options for Chinese investors.