on the commodities markets, the silver price advantage 2011 advantage of the situation. Sun climbed Silver price on the level of 30 dollars per troy ounce and is currently traded at $ 30.81. Thus, the silver price is in close striking distance of the 30-year high of 3 January 2011. At that time the precious metal had risen to $ 31.20 per troy ounce.
silver could celebrate a remarkable comeback in the last few weeks of trading. The price climbed from $ 26.40 to $ 30.81 between 28 January 2011 and 15 February 2010. Thus, the silver price rose to $ 4.41 and experienced a gain of +16.70 percent.
The relationship between gold and silver has been reduced again. The price of gold rose from $ 1,308.07 to $ 1,374.60 in the past Weeks and underwent a capital gain of +5.09 percent. With an ounce (31.1 grams) can be bought currently 44.7 ounces of silver. The gold and silver lows of January 2011 the ratio had been 49.5.
analysts believe that responsible for the improved performance of the silver price in 2011 primarily industrial demand is. Silver is much more needed by the industry than gold. The precious metal has been particularly in the production of laser printers and photovoltaic systems are used.
The silver price developments in 2010 had experienced the highest appreciation for palladium in the precious metals. The palladium price was up from 420 791 Dollars per ounce increased between 4 January and 31 December 2010 (+88.33 percent). Silver had experienced an increase of $ 17.17 to $ 30.63 (+78.39 percent) over the same period.
chart from a technical perspective, the silver price on 28 January 2011, the 100-day average line up rebounded. Thus the short-term upward trend continues to this day was initiated, which has the potential to carry the silver price to new record highs.
0 comments:
Post a Comment