Over a month into 2012, are you wondering how analysts predictions have held up? Tell us what role these figures have or will play in your investment decisions.
Are you looking to get in on junior silver mining equities in 2012 but don’t know where your search should begin? The answer is here with our 2012 junior silver mining list.
Silver prices rose for a second consecutive session on the back of the Federal Reserve commitment to near zero interest rates through 2014. However, the target inflation rate of 2 percent has caused some to question the strength of silver and gold as an investment hedge.
Silver prices traded relatively flat on Thursday, gaining 12 cents. However, due to the uncertain global economy stemming from the Eurozone crisis, many analysts have cut their forecasts for the year.
Industrial demand for silver is seen as a strong fundamental that will provide support for silver prices over the long term.
Silver prices broke the $30 mark for the first time in nearly a month. Fueled by a weaker dollar and successful bond auctions in Italy and Spain, the price of silver may be heading higher still.
The silver market in 2012 is expected to take investors for another wild ride. Analysts’ predictions vary as to the lows and highs but many predict a similar yearly average.
A strong US dollar did not hamper silver prices on the day. Silver and gold prices are benefiting from the political tensions with Iran that are driving up the price of oil. Silver and gold are once again acting as a risk asset as sustained high oil prices increase the likelihood of a recession.
Despite the recent drop in gold and silver prices in the international markets, prices for precious metals in India still remain at a premium and buyers are holding out for cheaper prices, stunting demand.
Many companies are looking at Turkey as a potential bonanza of natural resources with the exploration and development companies looking to uncover the country’s untapped mining potential.
Wednesday, February 8, 2012