In last three months, silver pricesstayed at $35 an ounce however, it rose up to $50 in the month of April 2011. The demand for silver stayed in steady mode during April 2011 and May 2011. This was apparently proved by commodities markets which signified the prices of silver. Fluctuation in the demand for silver is a usual thing. It depends on the market condition as well situation. Fall in the prices of silver is always good sign because it is the best time to invest in silver. Many investors want to purchase silver because of insecurities about global currencies. Hence, metal traders are looking forward to a new potential in silver. As a result of increasing economic worries, people are more curious to invest in silver.
Market scenario signifies that the demand for silver will emerge in upcoming days. Hence, a Toronto-based precious metals dealer predicts that the investment in silver will touch a new height in the future. Studies say that it is a great time to invest in silver coins, bullion, and bars especially if you are planning for long-term investment. Some of the investors are also interested to buy silver ETFs. However, the demand for physical silver is always higher. Physical silver can be utilized for many purposes such as investment, jewelry, and other forms. The demand for silver medals and coins has increased up to 28% in 2010, as said by the Silver Institute. Also, silver jewelry kept on rising up to 5.1% in the same year. The situation predicts that the silver prices have touched the sky. At present, the demand for silver is unable to compete with the supply.
Silver price has broken all records as well touched unbelievable height. Ranging from $30 to $ 50, it has hit around $ 100. Because of downturn, investors are very much interested to invest in something where they can think of security. Although gold is precious in comparison with silver however, everybody cannot afford to invest in gold. Therefore, silver has outpaced gold. Many people are investing in silver for futuristic needs and price rises (or inflation). Most of the people buy silver because they can get bigger returns as well they can purchase more valuables in the same price range that can be spent to purchase gold. As the prices of silver will rise, investors will have the chance of huge returns. The demand for silver will always grow.