Since the beginning of the revolutions in the Near East and North Africa, the prices for precious metals are steadily growing. Especially silver has increased in price: 20% since start of the year.
Since late 2008, the cost of silver has grown in four times already and at the beginning of April reached 37.4 dollars per ounce. Only on the basis of 2011 the prices for this precious metal increased by almost 83%. Such a brisk dynamics is connected not only with the worldwide interest of investors in precious metals, but also the fact that silver is being actively applied in industry nowadays.
But despite a record increase in the cost of the metal, the bankers are convinced that investing money in it is still profitable. Projections for this year's price of silver remain positive. Rising prices will continue this year. According to international analysts, the price of silver may rise to 46-50 dollars per ounce on world markets. The data from the survey conducted by Bloomberg also suggest that the silver in 2011 will be a leader of the rise in prices of various raw materials.
There are three basic ways of investment in silver: purchase of silver bars for self-storage and purchase of silver with simultaneous placing on current or deposit account at the bank. However, give heed that the difference between bid and ask prices of small ingots in the banks can reach 25-30%. And the only consignments of silver from one kilogram can be gainful for investors in the case of a price increase to the level promised by analysts. An additional income can be received by placing silver on deposit in the bank.
Silver will always be in demand as it is applied in a lot of industries and its supplies are gradually exhausted. Summarizing the above, we can assert that investing in silver is perspective to keep savings in the long term.
Since late 2008, the cost of silver has grown in four times already and at the beginning of April reached 37.4 dollars per ounce. Only on the basis of 2011 the prices for this precious metal increased by almost 83%. Such a brisk dynamics is connected not only with the worldwide interest of investors in precious metals, but also the fact that silver is being actively applied in industry nowadays.
But despite a record increase in the cost of the metal, the bankers are convinced that investing money in it is still profitable. Projections for this year's price of silver remain positive. Rising prices will continue this year. According to international analysts, the price of silver may rise to 46-50 dollars per ounce on world markets. The data from the survey conducted by Bloomberg also suggest that the silver in 2011 will be a leader of the rise in prices of various raw materials.
There are three basic ways of investment in silver: purchase of silver bars for self-storage and purchase of silver with simultaneous placing on current or deposit account at the bank. However, give heed that the difference between bid and ask prices of small ingots in the banks can reach 25-30%. And the only consignments of silver from one kilogram can be gainful for investors in the case of a price increase to the level promised by analysts. An additional income can be received by placing silver on deposit in the bank.
Silver will always be in demand as it is applied in a lot of industries and its supplies are gradually exhausted. Summarizing the above, we can assert that investing in silver is perspective to keep savings in the long term.
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If you are dealing with precious metals then it would be useful to know that you can purchase silver online. Moreover, the Internet can help you find even silver below spot offers.
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