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Is Silver Price all Set to Skyrocket?
There is no doubt that those who bought silver a decade ago are enjoying massive profits today thanks to the meteoric rise in price of this precious metal. However, not many investors know that the factors that have supported silver price rise are still very much in force even today. Given this, there is no reason why your silver coins should not be selling at prices that are far beyond your expectation in the near future.
Massive Price Improvement since Year 2000
The price of silver has increased by nearly 700% since the year 2000, clearly demonstrating that this precious metal is on a bull run. When compared with a mere 5 years back in 2007, silver prices have nearly doubled now. Compare it with the Dow Jones index or the dollar and you will see that silver has been the better performer by far. Evidently, investors who decided to buy silver even a short 5 years back are in a very strong position today, thanks to the explosion of price that this precious metal has witnessed.
Short Supply Supports Silver Price Increase
One of the key factors behind the sustained price increase of silver is that the supply of this metal is very limited. Almost 95% of the total silver ever produced in the world has already been consumed. There is only enough left for every person in the world to hold 1/3rd ounce of silver. With such limited ‘stock’ of silver remaining, there is no doubt that the price of this precious metal is all set to soar in the coming months and years.
Industrial Demand Will Continue
Unlike many other precious metals, silver demand does not arise from just the investing public. This metal finds use in innumerable production processes and demand for silver comes from many industries. Investors should note that several electronic appliances, including computers and mobile phones, and pharma products use silver. The market for these products is a burgeoning one and with increasing demand for these products the demand for silver is bound to increase from this sector. Growing demand plus limited supply leads to soaring prices no matter what the economy is like.
The facts are clear, investors making the decision to buy silver in the form of silver coins or even wholesale silver are sure to reap profits in the coming years. All that remains to be seen is exactly how much they benefit from this savvy decision.
2012-10-23 21:22:01
Source: http://www.wholesalegoldgroup.com/is-silver-price-all-set-to-skyrocket
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