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.
All investments are generally a roller-coaster ride, with their ups and downs and the same goes for silver precious metal too. Yet, many investors who do not want to risk their investments in equities or share markets, seem to find it safer to invest in gold and silver. They feel that the latter investments are safer than the volatile stock markets which are not so dependable. Nevertheless, even investing in such precious metals may not be a safe bet as the market keeps fluctuating.
It has generally been observed by all that the price of gold has recently been skyrocketing, but now even the silver precious metal seems to be catching up. After the economic depression set in, there was a mad rush for investing in gold and the prices started to climb steadily. Thus, there were no takers for silver but now, things seem to have changed. The price of gold being as high as $1400 an ounce, silver seems to be a better option for an investment.
At the end of 2010 summer, the price of silver had made remarkable progress and today it stands at an astounding $26 for an ounce. As the economic recession shows no sign of abating, it looks like investors will continue to patronize both gold and silver and buy these two precious metals and thus send the prices of these two metals skyrocketing.
The highest price ever for silver was in 1980 when it reached an all time high of $49.45 but it came down as quickly. Now, the price of silver has started rising rapidly and has become equal in importance to other precious metals and may well be on its way to breaking all previous highs. The peak is however yet to be reached.
All investments are generally a roller-coaster ride, with their ups and downs and the same goes for silver precious metal too. Yet, many investors who do not want to risk their investments in equities or share markets, seem to find it safer to invest in gold and silver. They feel that the latter investments are safer than the volatile stock markets which are not so dependable. Nevertheless, even investing in such precious metals may not be a safe bet as the market keeps fluctuating.
It has generally been observed by all that the price of gold has recently been skyrocketing, but now even the silver precious metal seems to be catching up. After the economic depression set in, there was a mad rush for investing in gold and the prices started to climb steadily. Thus, there were no takers for silver but now, things seem to have changed. The price of gold being as high as $1400 an ounce, silver seems to be a better option for an investment.
At the end of 2010 summer, the price of silver had made remarkable progress and today it stands at an astounding $26 for an ounce. As the economic recession shows no sign of abating, it looks like investors will continue to patronize both gold and silver and buy these two precious metals and thus send the prices of these two metals skyrocketing.
The highest price ever for silver was in 1980 when it reached an all time high of $49.45 but it came down as quickly. Now, the price of silver has started rising rapidly and has become equal in importance to other precious metals and may well be on its way to breaking all previous highs. The peak is however yet to be reached.
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