2011年4月10日 星期日

Silver Price "Will Hit $50 Before Correcting"

goldnews.bullionvault.com

THE HEAD of a leading precious metals consultancy believes the Silver Price could continue to rise before a correction sets in.

"I think $50 will probably be taken out this year," said Philip Klapwijk, executive chairman of GFMS, quoted in the Financial Times.

Klapwijk does, however, sound a note of caution.

"When you see prices moving up so fast you have to be careful...I can't help but think that if we hit $50 we could see a significant correction driven by profit-taking."

Silver Prices have risen primarily as a result of strong investment demand, according to figures released by GFMS this week. The Silver Price rose 78% last year, with demand for investment the primary driver, states the World Silver Survey 2011 – produced by GFMS for the Washington-based Silver Institute.

The survey reports that a net $5.6 billion was invested in Silver last year, almost twice the figure for 2009. Industrial and jewelry demand also grew.

Supplies of Silver also rose, up 14.6% to 32,870 tonnes. Scrap supplies, net government sales and producer hedging drove much of this growth, with mine production only rising by 2.5%.

9 則留言:

  1. Lisa,今天上午d白銀好似如入'無人之境'

    nlpsonia

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  2. 回nlpsonia,
    我地好似估岩咗走勢 :)

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  3. 無人估到的走勢, 才是真正的走勢 :)

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  4. Hi Lisa,
    I have studied your blog about silver, how can i store it in save box (kg volume)?

    Kuruchiii

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  5. 金銀收藏方法唔會在公眾地方討論, 自己用下腦啦 ! 有人租幾個銀行保管箱, 有人自己屋企或其他地方放私人保管箱 ! 唔會再回呢類問題啦 !

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  6. 下晝兩點左右升到去41.85蚊左右,依家又回調番啦!

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  7. 回街坊,
    無野會一支箭直升的, 間中有波幅 !

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  8. Indian Investors Switch to Silver from Gold
    http://online.wsj.com/article/SB10001424052748703730104576260031392228322.html

    nlpsonia

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