PR: Silver Dollar Values Prices Will Be Skyrocketing
PRLog (Press Release) – Nov 26, 2010 – Thanksgiving and November is usually a quiet month within the precious metals marketplace but this month is different. Silver dollar values have started behaving 100 per cent like a precious metal and not as an industrial commodity, and although stocks and copper have been falling, silver has been outperforming gold, which is also on the run up. Visit http://silver-dollar-values.net for more tips.
Renewed threats of war on the Korean Peninsula and the ongoing European debt problems are likely to remain in the top of the news again next week. If so, this news will be supportive for gold and silver dollar values.
What is going on here? This is really fully consistent with the bullion marketplace rumors about the bank cartel unwinding its silver futures positions in the quietest month of the year.
You'd expect gold to be falling a little with stocks beneath pressure. It's not. And you'd anticipate silver to be selling off even more strongly simply because it's an industrial commodity too as well as a precious metal. But it's not.
Does that mean that the gold price is being set up for a serious spike, and that silver won't only follow but also outperform in these fireworks? With out the capability to look under the hood of the silver marketplace – and the suspicion is that the market supply is nothing like what the market supposes – we are still within the dark. http://silver-dollar-values.com has all the details for an investing decision.
But spot the cost breakout. Silver is above $26 this morning. Gold is closing on $1,365. If this pattern continues then $1,650 gold by subsequent February could properly be accompanied by $30 silver.
Jewelers mentioned the fall in gold costs was caused by a slowdown in demand at the record price achieved within the previous session. Furthermore, a .2 per cent decline in gold prices in overseas markets, which usually sets the price pattern on the domestic front, dampened buyer sentiment, they said.
In sharp contrast, silver remained in short supply on brisk buying by jewelry fabricators and industrial units for the festival season and marriage season beginning in the subsequent month.
A rise in silver prices in futures trade and global markets further fuelled the up trend. Demand for silver was also driven by record auto sales, as the metal is used in electrical circuit and battery manufacturing. http://silver-dollar-values.com