There are various precious metals such as gold, platinum, palladium and silver. Among all these metals, silver seems to be fast reaching a new high. There is still scope for much more in the case of the silver precious metal. This is the only precious metal that has still not scaled a very high price. Back in the 80s the price of silver was only $10 for an ounce and this can be compared to today?s price of $26 per ounce.
If you want to make any investments, there are always a lot of fluctuations in the market value, and silver precious metal is no exception to this rule. But many people are not very comfortable with investing their money in equities or in share markets as these have proved quite risky with a lot of ups and down. For these people, investing in such precious metal like silver and gold would be a very viable option. However, it should be kept in mind that even these investments are not entirely safe as one never knows with the market.
It has been noticed that the price of gold has been continuously on the rise for a few years now but the price of silver too seems to be doing the same, of late. After the economic crash, gold prices first started to zoom as there were many investing in that precious metal and there were few takers for silver precious metal. But when gold started touching $1400, investors seem to be betting on silver and have started putting their money in it.
After the end of this year?s summer, the price of silver has made a substantial increase. This kind of investing in silver has driven the price of silver to over $26 today. Since it seems that the recession is going to continue for some more time, investors will keep on buying these two precious metals, thus helping the price of both silver and gold reach their highest ever.
The last time that the price of silver went really high was in 1980 when an ounce cost $49.45 but this soon came down. But today, it seems that finally the silver precious metal fast equals the other precious metals and is going to break all old records. But it is still far away from the historical peak it reached before.
Want to understand more about the price of silver and precious metals? Check out our tutorial at www.precious-metal.net!
Source: http://www.dir247.com/learn-all-about-investing-in-silver
usgs elin nordegren winnie the pooh nick chico legionnaires disease nordstrom
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.