Chart usGOLD   Chart usSILVER  
 
Food for thought
We are all equal before the law, but not before those appointed to apply it
Stanislaw J. Lec  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1305.58-6.32
Silver 20.930.02
Platinum 1481.00-3.00
Palladium 872.600.10
WORLD MARKETS
DOWJONES 1712166
NASDAQ 446237
NIKKEI 15343128
ASX 55345
CAC 40 437065
DAX 9734122
HUI 241-2
XAU 101-1
CURRENCIES (€)
AUS $ 1.4339
CAN $ 1.4468
US $ 1.3470
GBP (£) 0.7896
Sw Fr 1.2149
YEN 136.6680
CURRENCIES ($)
AUS $ 1.0646
CAN $ 1.0740
Euro 0.7424
GBP (£) 0.5862
Sw Fr 0.9019
YEN 101.4460
RATIOS & INDEXES
Gold / Silver62.38
Gold / Oil12.51
Dowjones / Gold13.11
COMMODITIES
Copper 3.200.01
WTI Oil 104.35-0.24
Nat. Gas 3.79-0.06
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Silver price to regain bullish momentum
Published : October 25th, 2011
361 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) , 1 commentary Print article
 
    Comments    
Tweet

 

 

 

 

While the gold price lost around 15% after topping above $1,920 per troy ounce in early September, the price of silver is currently trading at a discount of nearly 40% compared to its record high of $50 per ounce (which it came close to reaching in late April). However, investors are well-advised not to judge the current market situation too quickly, since the fundamentals underpinning the rise in gold and silver prices remain intact. James Turk discusses some of these fundamentals – and a key formula for determining whether or not gold is overvalued – in a special article for the King World News Blog, released yesterday.

The debasement of currencies by central banks, combined with continuing problems in the banking sector have led to mounting fears of sovereign defaults among from industrialised countries. These fears have been the driving forces behind gold and silver’s strong price gains. Silver's sharp price decline of around 40% has led to frantic buying from those eager to “buy the dips”. This is especially true in the USA, Canada and many European countries – and last but not least China and India. Indian metals experts and bullion dealers estimate that sales of the white metal will jump by 30% in the course of this year's festival season. Many analysts are also expecting China's silver consumption to rise further as well. The affordability of silver versus gold or platinum on a per-ounce basis is making the white metal even more attractive for many investors who have up until this point not been involved in the gold and silver markets.

However, Shreekant Jha, managing director of the company PJ Commodity Ventures, said that he would sell gold as he expects the yellow metal to continue trading in a sideways direction over the short-term. N Prasad, CEO of Safe Trade Advisors, believes that investors should currently favour silver over gold. His opinion is shared by other analysts and renowned market experts such as Eric Sprott and Jim Rogers, who both think that silver will outperform gold over the next decade; Sprott thinks that silver will be “the investment of the decade”.

 

Roman Baudzus

Originally published on Goldmoney.com here

 

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All
Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Goldmoney
All articles by
Goldmoney
Next article by
Goldmoney
Receive by mail the latest articles by this author  
Latest comment posted for this article
So much for gold trading sideways then ha ha ha its only up over $50 already today!!!!!!! Read more
phil A. - 10/25/2011 at 6:37 PM GMT
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis
Most recent articles by Goldmoney
12/12/2013
12/6/2013
11/15/2013
10/1/2013
9/18/2013
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
 
       
So much for gold trading sideways then ha ha ha its only up over $50 already today!!!!!!!
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer