Though silver is one of the precious metals, it is also used as a raw material in various industrial processes.
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Silver: An Industrial Metal
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Tag Archives: silver trading
Additional Efforts By China To Build A Future In Commodity Market
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Though 2011 showed a comparatively low future for silver and gold, the new year has an optimistic future and options for Chinese investors.
Precious Metals Prices See Downfall
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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 Gold bearing on the image of Silver
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
Increasing Demand for Silver by the Solar Energy Industry
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The US debt crisis and European economic woes have sent the silver trading industry into turmoil as prices kept on declining through much of August. Traders and investors are grappled with fear since the current crisis could cause a decline in demand for industrial silver. Another interesting point that has come forward is the growing inflation rate in China, hindering a country’s growth that has until now ceased further recession dips along with Brazil and other developing countries. Continue reading
IBFX Australia announce the launch of Gold and Silver Contracts
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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