Tag Archives: silver

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

Precious Metals Continue to Lose for the Second Successive Session

silver bars

Credit: Dnn87 / CC-BY SA 3.0

Due to dim demand from stockists, both precious metals, gold and silver, continue to lose for the second consecutive session. Both the precious metals showed a run-down phase in the national capital. Continue reading

Silver investments over gold?

Credit: Flickr / Mark Herpel / CC-BY 2.0

There has been a lot of fanfare over gold in the global economy as a safe haven investment. Equity markets worldwide fell while the US struggled to rear its head above debt in the last month. Continue reading

Precious Metals Buying Season in India

Gold Jewelry

Credit: Maxpixels

Being the largest consumer of gold and the fourth-largest consumer of silver, India highly influences the trade of precious metals. Winter is the season full of festivals, and festivals in India are closely related to buying precious metals. Hence, the winter triggers the transactions of precious metals in the Indian market and influences the price movements of gold and silver. Continue reading

Increasing Demand for Silver by the Solar Energy Industry

Solar panel

Credit: Maxpixels

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

Are we heading towards ‘Great Recession 2.0’?

PD Photo / US Department of Treasury

The slowdown of economic growth in the US and China, along with the mountain of debt in the Eurozone, has the global economy tottering on the edge of a recession similar to the one in 2008. Similar circumstances have elicited panic, driving down global markets. However, the precious metals gold and silver showed gains, though the performance of silver was not as impressive as of gold. Compared to last year, the demand for gold increased by 3.23 %, while that of silver increased by 1.85. The less demand for silver is a possible indicator for the slackened demand for silver for industrial purposes. Continue reading

Acquisition of historic mine by Silver Horn Mining Ltd

Silver Horn Mining Ltd is a mining company that explores silver mining resources. The Company announced its acquisition of the Tip Top Mine in Yavapai County, AZ. The company’s position has strengthened in the mineral-rich soil of the Bradshaw Mountains with this acquisition, along with the possession of the ‘76’ Mine. Continue reading

Emerging prospects of silver in industrial uses

Credit: Jurii / CC-BY-SA 3.0

After soaring to $50, the silver prices are now shuttling in the narrow margin from $32 to $36 per ounce. It isn’t easy to forecast the future of silver prices. However, there are several reasons that silver prices may spell well for investors in the medium and long term considering the several factors affecting silver prices. Continue reading

IBFX Australia announce the launch of Gold and Silver Contracts

silver bullion bar

Credit: PD Photo

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