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Silver Prices To Reach Record Levels, Experts Says

August 24, 2011 by  

Industry experts have predicted that silver prices could top $50 an ounce over the next several months.While many investors have focused on the record levels that gold has reached in the past several weeks, the price of silver has gone up at a significant rate and has kept pace with the yellow metal, Barrons reported.

Industry experts have predicted that silver prices could top $50 an ounce over the next several months, as the rise of the value of gold may lead traders to favor a different commodity due to the amount of money that has been moved from the currency markets, according to the news outlet.

“Silver will benefit from the same factors as that of gold from rising investment drivers. Until the global macro situation gets clearer, prices will go higher,” Paul Walker, global head of precious metals at GFMS, said in a market review.

The International Business Times has reported that many individuals are cashing in on their valuables, as jewelry and silver service items are being exchanged out of an effort to take advantage of the rising price of the metal.

 

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  • Robert Smith

    Let’s see… From the very early 1980′s the Hunt Brothers ran silver up to over $50 an oz.

    In today’s inflated bucks what’s that? What is the real record that might be broken?

    Rob

  • Denny

    When our fiat money system collapses, gold and silver will be the last form of money-until food and barter replace even gold and silver.

  • Trevor Simmonds

    Morning I would like to know if i am doing the right thing by investing in three precious metals at the same time or should i just concentrate on one of them.

    • http://www.boblivingstonletter.com/ Bob Livingston

      Dear Trevor Simmonds,

      I recommend you stick to gold and silver only as they have both been used for “money” for centuries. For gold, stick to U.S. Eagles, Canadian Maple Leafs or African Krugerrands or Australian Kangaroos. For silver, American Eagles or junk silver. Junk silver is pre-1965 U.S. silver coins. These are recognizable as U.S. currency and you will be able to use the dimes and quarters to buy most things you will need in the event of a complete crash or massive hyperinflation.

      Best wishes,
      Bob

  • FreedomFighter

    Looks like silver is ready for big bump up, Maybe $200oz in less than year methinks.

    Laus Deo
    Semper Fi

  • Question?

    I read on the internet,that supply has not kept up with demand,for the last two years.Have the companies that produces silver really unable to produce more,or(like oil)Has production been deliberatly cut to increase the price of silver ( as well as the price of their stocks)?

  • Cep

    I have to agree with you .Your cocern makes me wonder if what they are telling us is the real truth or not.By deliberatly cutting production Would indeed drive up the price of both,silver and their stock. When you are dealing with big bussiness better be on your toes ,instead of you Butt.

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