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Silver Prices

Silver Price Per Ounce

Silver Price Per Ounce Rises. Silver has been used as a form of currency since ancient times and even today is a highly sought after commodity. While many investors focus on the price of gold today, in fact silver can be just as good if not better an investment when you consider the silver price per ounce. There is no denying that gold has a certain prestige among investors, however when compared to the silver price per ounce, for many investors silver comes out ahead, since it is much more affordable and less volatile to market conditions.

Today the Silver Price Per Ounce is Fluctuating Around 42 dollars

As market conditions change, the silver price per ounce will go up or down, to reflect those market conditions. Though, many investors see silver as a more promising investment choice, in the long run, since overall silver prices per ounce, have been more stable than gold prices recently, which have fluctuated greatly recently. Additionally, silver is increasingly becoming a stronger investment, with the high unemployment and economic uncertainty in the US. With inflation and the weakening dollar, silver price per ounce is becoming worth more and is inversely related to the strength of the dollar bill. So even if the price of silver per ounce decreases, when you compare the value to the dollar if you had it sitting in the bank, you are going to generally be better off.
In the Future Silver Price Per Ounce

Why Silver Prices Will Continue to Go Up-
The Future of Silver and Silver Prices

Why Silver Prices are Going Up

A large number of investors have been focusing primarily on the economy rather than the growing dangers of inflation, and that has been part of the reason silver prices have remained somewhat flat and not surged ahead like many projected for 2009, although there’s still a lot of time left for that to happen, and has already started to.

Still, the economy, from the point of view of companies holding tight to their money and not willing to pay high prices for raw materials they need, has made a temporary impact on silver prices.

Why that won’t go on for long is just about every product using silver in its process is increasinging in demand, or is at least holding steady. The lone exception is in photography, which has been trending toward digital for quite a while.

That has of course happened as we move into 2011, as silver prices have soared, finding support at around the $30 an ounce mark.

Growing Demand for Silver

Even other traditional products which use silver like silverware and jewelry have been holding pretty steady in demand during these hard economic times.

A couple other major factors will drive silver prices in the future, and that will be growing demand from emerging products, and the inability to recover silver in some of those products, losing it forever.

Among those products increasing their use of silver include batteries, solar, eyeglasses, medical, mirrors and paint, among a number of others.

Long Term Outlook for Silver and Silver Prices

As you can see, over the long term, silver looks to be one of the commodities which will be in the highest demand, while some of its uses will make it impossible to recover the metal to recycle.

The long term outlook looks tremendously bullish for silver, and investors should reap a huge reward from this metal which has temporarily been held back from soaring in price because of slowdown in demand, and ability or willingness of companies to pay higher prices for needed raw materials.

But a major underlying factor which will drive up silver prices is in industrial uses. Not just that it is being used and driving demand, but that in some cases it is now being used in a way that it cannot be recovered.

Some of the larger losses of silver in industrial use concerns surging demand in electronics, jet engine bearings (as well as other bearings), batteries, and as a chemical catalyst.
Many Uses of Silver
Silver Demand

Demand in all the above areas for silver are either staying a current levels or increasing. But again, the silver used in them cannot be recycled, which will drive up silver prices going forward.

Even this isn’t even the entire story though, as other emerging uses will put pressure on silver stockpiles, and, again, drive up prices. Sectors included here are solar cells, paints, mirrors (because of reflective properties), and medicine, where the extraordinary anti-bacterial properties of the metal can be used in a plethora of situations to reduce infection.

Related to the anti-bacterial use is its extreme value to water purification, where high demand for clean water drives the demand for anti-bacterial agents like silver.

Silver the Best Investment over the next Decade

As you can tell, over the long term, silver looks to be one of the commodities which will be in the highest demand, while some of its uses will make it impossible to recover the metal to recycle.

The long term outlook looks extraordinarily bullish for silver, and investors should reap a huge harvest from this metal which has temporarily been held back from soaring in price because of short term slowdown in demand and ability of companies to pay higher prices.

Some analysts and investors see silver being the investment of the decade, like gold was in the last decade.

To view the detailed Silver Price Charts and Comparison, visit the website: http://www.prices-silver.com/silver-prices/

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Posted by on Oct 25 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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