Donald Trump’s victory was an unexpected situation in the United States and the entire world. As he progressed towards victory and when he was declared President-Elect, a shock wave came across the globe and to the global financial system, as just a day ago, all the media reports and pre-polls had predicted the win for Democratic nominee Hillary Clinton. Continue reading
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After the steady sink in the prices of grey precious metal silver for the last five years, which hit its bottom of five years in December last year, in the year 2016 there has been a steep rise in its prices, and it’s up by more than 40% since the beginning of the year 2016. This price rally is driving huge gains for silver mining stocks. Continue reading
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The rising demand for the precious metal silver in the industry and the fall in silver mining will lead to an approximately 1,005 metric tons (mt) deficit in the year 2016, which was 793 mt in the year 2015. Continue reading
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China and silver have enjoyed a strong bond right from when it still issued a silver related currency in the early twentieth century. The entry of China into the global silver market is likely to end COMEX manipulation and reduce the volatility of the precious metal to a certain extent.
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 traders’ belief 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. The Asian country is one of the largest silver miners and the biggest consumers of industrial silver. At present, silver bullion and jewellery have attracted many investors 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.