Silver prices hitting $20 per ounce leave market speculating so as how much silver will rise in the year 2016. Due to the overall economic scenario in the world and especially after Brexit, silver has had double the percentage gain as compared to gold. Continue reading
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
Gold Resource Corp. – a low-cost gold producer is launching Gold and Silver Dividend Program on April 10, 2012 for its shareholders.
President of Gold Resource Corp, Jason Reid said that the new program will be beneficial for shareholders, for sure. He also added that delivering dividends in form of silver and gold to the shareholders of the company was a long-term goal which is now on the way to being accomplished. Continue reading
Though silver is one of the precious metals, it is also used as raw material in various industrial processes.
The world is now getting introduced to various industrial uses of silver every other day. Due to the newly found industrial processes, gadgets or appliances that require silver as a raw material make the demand for silver go higher and hence the prices. Continue reading
Though silver is looked upon as secondary or a metal with lesser importance than gold, many people don’t know that silver is far more in demand for its industrial usage.
It is required for manufacturing of the latest technological gadgets right from DVDs to cellphone batteries, from motors and super-conductors to high-end microprocessors. Due to its industrial usage, the metal will always remain in high demand. Since the stocks or mines of this metal worldwide are comparatively less, the metal is rare to find. And so, the metal’s prices will always go higher and higher. Continue reading
Near future of precious metals such as silver and gold seems cloudy. Prices on these shiny metals are declining as a result of dollar’s rally. The dollar went up high by 6 percent last month and at the same time, gold fell by 11 percent. Continue reading
Gold prices went down by Rs 150 settling at Rs 28,290 per 10 grams while silver price lost Rs 300 to Rs 64,400 per kg. The white shiny metal had plunged by Rs 1,000 in the last trading session on Saturday while the prices on silver coins also collapsed by Rs 1,000 to Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces.
Looking at the global markets, gold prices decreased by 1.6% to $1,826.75 an ounce in Singapore while silver prices decreased by 1.1% to $41.02 an ounce.
According to the traders, an increase in the dollar and a fall of gold in Asian markets resulted in the weak interests in trading. In addition to that, due to higher prices of precious metals, retail customers held themselves back from buying the shimmery metals, said the traders.
Silver is not gaining momentum, surely not after crashing from $50 per ounce to $32-36 per ounce. Things are not hunky-dory for the commodity but according to experts, investors should stop greying their hair over the volatility of silver as even today the precious metal is good investment due to its extensive use in industrial arena. Continue reading