Do you feel that in 2011 Silver will appreciate any? Or will it remain at the same price for the year?
Many of the world's currencies are in crisis.The US for example has been printing the greenback like there's no tomorrow in an attempt to pay down debt.This inevitably leads to inflation and reduces the buying power of a currency.Historically, metals like gold and silver have been strong, safe substitutes for holding currencies.A government can't go out and 'print' more silver and ruin your purchasing power. It's likely that we'll see more demand for metals like silver as more and more currencies are devalued due to inflation.
I believe that, as long as you get pure silver. Almost all governments can and already have debased the silver in the coins.
It is being said that the increased demand will help the price of silver to grow further , even faster than gold in 2011 .So apparently it is a safer investment then gold but the investors should always keep in mind that these days markets are extremely volatile and changes can occur very quickly.
But if it goes up and down more than gold I could have the potential to earn if it rises fast, right?
The futures market was selling at remarkable levels of backwardation and the spot price was hovering in the range of $28 or so per troy ounce. I expected the price to rise substantially in the very short term future. That prediction was correct. Less than three weeks later, prices are now hovering in the $33 per troy ounce range, just shy of an 18% increase in price. That qualifies as incredible performance from any asset.
I believe price going up, after watching a video and seeing that silver keep going down and more rare then Gold! the price just might go up. And in some people opinion, they prefer silver of gold.
