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Silver prices hitting $20 per ounce leave the market speculating how much silver will rise in 2016. Due to the overall economic scenario globally and especially after Brexit, silver has had double the percentage gain compared to gold. Continue reading
The silver investment that most people make has been pretty stable, but people are getting concerned that they will not get the same returns they did at one time. Continue reading
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The London Bullion Market Association operates the world’s largest venue for trading silver. It has organised an over-the-counter market for buyers and sellers to negotiate the contracts with each other. 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.
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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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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Evaluating the reports of 5 years, it’s expected that the silver prices will increase up to 300 %. According to the latest report, silver prices are assumed to be jumping at 33.75 an ounce. 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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