Recent Developments & Silver News
Precious metal traders are watching the commodity markets more closer than ever. As the stock market continues on a bull run, investors are looking for the big ‘deal’ to prepare for in 2014. Last year silver took a bad hit and as speculators collected their gains and rushed out. The result has been an undervalued commodity waiting for any takers.
In mid 2010, silver pulled another feat very much like what we’re experiencing now. This metal slumped all the way down to $18 and just a year later, despite economic uncertainty, the metal pulled away from the back and clocked $48. It was a good pay day for those who had seen this opportunity. The game is all about buying low and selling high, and the best time to buy is when the prices are at there lowest. Silver is currently on a three-year low. For those looking to make a kill, the odds couldn’t be better.
More Silver News
This is the year for the precious metals and time will prove this to be true. In the first month of this year, gold was the best performing item in the markets. With breaking Silver News the tension with Russia brought about some uncertainty and ruined the start. In April, the US issued some sanctions and we saw silver take a step back too. These setbacks are the only factors that have kept silver owners from breaking into a dance already.
One of the biggest uses for silver is with industrial manufacturing. With this being the biggest end-use of this metal, this means that the demand for silver is assured. Demand brings with it an increase in price. The smart phone market is one of the biggest consumers for silver and although each unit consumes just a small portion, it all comes to tonnes by the end of the year. The fast growth of this market and that of making solar panels guarantee a recovery of prices soon enough.
Silver News Ratio
The other irrefutable factor that analysts can agree on is in regards to the gold/silver ratio. The average ratio of these two metals is closer to 15:1. Currently this is bloated by 50% to stand at 65:1. This anomaly is expected to correct and that means that at a minimum, silver will gain to the troy ounce to trade in at roughly $80. Mind you, that is just an adjustment to normal levels. Even if you don’t want to stick around for long, this speculative play is bound to pay off.
Silver is also favored by its low prices. Its cheap prices make a bargain compared to gold since one can get so much more with silver. That is why on a flat playing ground, silver is bound to win the most bets. According to most silver news articles, silver’s safe-haven lure and the low prices make for an irresistible offer in 2014.
More silver news as it was announced recently that the age old tradition of the ‘Silver Price Fix‘ between Canada, UK, US & Germany is coming to an end. This is interesting Silver News as this practice has been going on since 1897. At the time of writing this, it is too early to say what will happen to the price of silver, but if left unmanipulated Silver will find its true value in the commodity sector, we say roll on 14th August 2014.
Mainstream media aren’t reporting Silver News as this would cause a run on silver, taking cash out of the FTSE, Dow Jones, S&P, etc and the money out of the FIAT currency market potentially causing a mega global crash.