Saturday, March 9, 2013

Whether for Investment or Industrial Purposes, Silver Remains a Winner

From its high about 22 months ago, silver has plunged a little over 42 percent from that time, and is down in 2013 by 5.8 percent in just over a couple of months.

With investment and industrial demand strong, and supply weak, it is only a matter of time before a bottom is found and the price of silver makes a big move.

Investors have been a little wary lately because of the downward pressure on the white metal, but they are also aware a bottom is forming, and they don't what to be caught chasing the price as it moves up.

For some reason analysts are believing the mainstream media reports about a global recovery, even as data show it is holding at best. The job numbers released are largely from part-time jobs rather than full-time, and the numbers are almost surely to be significantly downwardly revised.

But even if the global economy is growing, that is positive for the industrial side of silver demand, which supply would be hard to meet. Analysts at this time are mostly looking at the price movement of silver as they perceive it is going to respond to investment outlooks.

Even there it seems they are wrong, and silver won't be held back too long, although as with all commodities, especially this volatile one, it's impossible to accurately pinpoint when that will happen. Personally I don't think it's going to be long before we see silver prices shoot up again.

Gold gets a lot of attention as to being bought up by central banks, but these same banks have also been the biggest buyers of silver over the last year, and so far in 2013 they have made the largest silver purchases in 49 years (1964).

When looking at numerous investment and financial firms, the majority of them see silver prices this year rising to a range of $33 an ounce to $37 an ounce.

12 comments:

Anonymous said...

Wow, amazing blog layout! How long have you been blogging for?
you made blogging look easy. The overall look of your
web site is fantastic, as well as the content!

Stop by my website: Chapter 7 Bankruptcy Florida

Anonymous said...

We are a group of volunteers and starting a new scheme in
our community. Your website provided us with valuable info
to work on. You have done a formidable job and our entire community
will be thankful to you.

My web blog ... truckwashmoerdijk.nl
my page :: antidromic

Anonymous said...

Link exchange is nothing else however it is only placing the other person's website link on your page at suitable place and other person will also do same in support of you.

Feel free to surf to my homepage; www.cheerchannel.com

Kitty Criston said...

If you are trading in NSE, BSE, MCX and in NCDEX then maxcommodity.com give you all stock trading knowledge.
For commodity trading tips free trial Visit my website: maxcommodity.com/free-trial

Anonymous said...

Hi there, You've done an excellent job. I'll certainly
digg it and personally recommend to my friends. I am confident they'll be benefited from this web site.

Here is my web-site best registry cleaner for windows 7

Anonymous said...

When you quit, you can immediately feel its decision within 24
hours, health benefits, which can cause you
to not smoke forever. An alternate electrical power source reduces the probability that the access technique will turn out to be inoperable via strength reduction and aid conserve
battery lifestyle. Although, sound card is integrated device, it functions similar
to brightness of the screen when talking about power
consumption.

Here is my web site - click through the next web page - www.openbottles.com

Anonymous said...

I really like what you guys are up too. This sort of clever
work and coverage! Keep up the awesome works guys I've incorporated you guys to my personal blogroll.

Also visit my website; dinner cruise sf

Anonymous said...

Hi there mates, how is all, and what you wish for to say on the topic of this paragraph,
in my view its genuinely remarkable designed for me.

Feel free to surf to my web site: spark scooter

Anonymous said...

I alwayѕ spеnt my half an hοur to read thiѕ web ѕite's articles daily along with a cup of coffee.

Stop by my web site ... http://pointsforfree.wordpress.com/2013/02/09/microsoft-points-review/

Anonymous said...

I do not knoω whether it's just me or if perhaps everybody else experiencing issues with your blog. It looks like some of the text in your content are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them as well? This could be a issue with my internet browser because I've hаd thiѕ haрpen beforе.
Τhanks

my blog pοst ... wirewound resistor

Anonymous said...

І'm really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it's rarе to seе a
nice blog likе this оne thеse ԁаys.



my web blog ... ρotеntiometer (Chatel7yat.com)

Anonymous said...

Ηi, after reading this amаzing article i am as wеll chеerful to ѕhaгe my familiarity here with friends.


Here is my web blog; Power Rating