The growing attitude towards silver as an investment tool in China is adding significant demand for the white metal. Imports of silver to China reached a record last year, and continue to be strong. As concerns about the strength of the economy grow, Chinese citizens are looking to silver as a safe haven asset.
Silver made moderate gains today, regaining some of the ground lost on Tuesday after the pull back from the $41.37 per ounce high. The price of silver is mostly driven by continuing factors of loose monetary policy and inflationary fears. Concern is mounting in the market that precious metals are over valuated and are set to fall.
A new report commissioned by The Silver Institute, from research firm GFMS, titled “The Future of Silver Industrial Demand” forecasts the industrial demand for silver trough 2015.
Silver closed up for the fifth straight day on ongoing supply issues, and concerns over debt, inflation and instability. Most analysts forecast a strong year for silver, with prices outpacing that of gold.
The price of silver has fallen off dramatically in the past two days mainly on positive economic data in the US and the strengthening dollar. However, the world economy is far from healthy and the strength of precious metals is not likely to fully subside.
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.
By Melissa Pistilli-Exclusive to Silver Investing News The silver spot price closed down 1.63 per cent Monday to $13.89 an ounce as gold dropped on a positive dollar. The markets are expected to be mixed during the week with a quiet Friday as both US and Canadian markets close for holidays and the start of [...]
By Melissa Pistilli-Exclusive to Silver Investing News The silver price was on quite a tear this last week. Ending the month of May up 27 per cent, the white metal posted its largest monthly gains since 1987. However, after reaching a 10-month high of $16.25 in overnight trading, silver’s rally ended as prices began to [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Monday, gold‘s losses and the rebound in equities halted silver’s four-day rally. A stronger U.S. stock market drew investors out of precious metals into the equities markets as the appetite for risk improved. “Safe-haven flows seem to have ebbed out of the gold market,” said Jon Nadler, [...]
By Melissa Pistilli-Exclusive to Silver Investing News According to many precious metals analysts, including Gold and Silver Investments’ Mark O’Byrne, tightness in the physical silver market “appears to be deepening.” O’Byrne points to the recent 10 per cent drop in merely a few days in the COMEX Dealers Silver Inventory. If such drawdowns continue, it [...]
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