The dramatic surge in the silver price since the start of political unrest in the Middle East could be tied to the rise in oil futures, and inflationary fears. Oil closed in New York at over $100 a barrel, and many economists, including Fed Chair Ben Bernanke warn that the rise in oil price may cause a rise in the Consumer Price Index.
A major factor influencing rising investment demand in precious metals often referenced by analysts is the quantitative easing measures employed by The Federal Reserve in an attempt to bolster the US economy. One of the effects of the Fed’s paper-printing policies is the debasing of the US dollar, which makes gold and silver attractive safe-haven buys. A reversal in that policy could have a dire impact on silver prices.
Gainspainscapital.com reports that explains what investors should do with their Gold and Silver holdings.
The National Inflation Association reports that JP Morgan has now admitted to having manipulated silver price and is taking steps to reduce it.
Annuityiq.com advises to buy silver on any dip.
The dollar firmed up today on consumer confidence reports that show a modest improvement. However, jobs, housing and income expectations fall, painting an unflattering picture for the U.S. economy. Silver was more than likely helped by speculations that the Feds will try to create inflation with another round of large asset purchases.
Fearing the rise of inflation due to the reluctance of central banks to change historically low interest rates, investors are looking to silver. This practical guide shows newbie investors how to enter the silver market in all forms, either in bullion, ETFs, futures contracts, or through direct investment in mining companies.
By Melissa Pistilli-Exclusive to Silver Investing News Tuesday, silver spot prices managed to recover slightly from last week’s sell-off hitting as high as $16.81 in New York early morning trading to close later in the day at $16.70 an ounce. However, silver fell as low as $16.37 early Wednesday morning as the dollar rebounded. Analysts [...]
By Melissa Pistilli-Exclusive to Silver Investing News As was to be expected, action in the precious metals markets was rather slow over the holiday week. Gold saw little movement, while silver actually posted a few gains last week as the US dollar weakened. We can expect trading to remain light through New Year’s, however any [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices profited further from a weakening US dollar and rebounding oil prices at the beginning of this week. Gold rose as high as $1044.80 an ounce Tuesday morning and silver performed well reaching as high as $17.43 an ounce. Silver Price: Based on Precious or Industrial [...]
Get our independent commentary on silver trends and companies delivered to your inbox.
