How High Will The Price Of Silver Rise?

Will the silver price rise again in 2011 81,95 percent, such as in the year 2010? At the beginning of the year 2001 the silver price was 5 us $, per Troy ounce silver, and is in the following 10 years on 3 $0US increased. This means a value increase of 500%. If you alone look at the silver price increase last year, a 100% price increase is to recognize (as at April 2011). On Tuesday the 5th 2011 the price of silver has a renewed high from 38.77 US$ reached. The American gold forecaster James Turk predicted an explosion of the silver prize for the next few years. He is of the opinion that the price of silver by the year 2015 to 400 US$ will increase.

But why is the price of silver? Silver is more and more customers. In the field of medicine, the electronics, wood preservation, drinking water treatment, as well as in jewellery demand for silver steadily. At the same time silver is a rare commodity in comparison to gold, because despite higher occurrence range due to the much higher consumption of silver will be significantly less. Therefore, a rapid decline in the occurrence is expected in the next few years. Silver is a byproduct that is promoted in mining of gold, copper, lead and zinc. The world annual amount of promotion is currently only 20,000 tons. Increase in the price of silver and silver jewelry unfortunately reflected this silver price increase on the price increase of our silver jewelry. However, we are trying to pass on only part of the price increase to our customers.

We will also in the coming years try our silver jewellery to offer at an attractive price. However, it remains to be seen how the price of silver has been developed. But anyone who is a silver jewelry lovers, which was advised that it is a good decision to cover themselves in the near future with silver jewelry. A financial investment in the field of silver is currently a real alternative to gold!

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