The Conversation (2)
Demand for silver as an investment vehicle took off in 2009. Silver began the year at around $11.00 an ounce and was testing the $19 level by the fall. In 2010, industrial demand is expected to carry the silver price out of the current end of year slump to test new highs. We can …
Demand for silver as an investment vehicle took off in 2009. Silver began the year at around $11.00 an ounce and was testing the $19 level by the fall. In 2010, industrial demand is expected to carry the silver price out of the current end of year slump to test new highs.
We can expect trading to remain light through New Year’s, however any moves down will be exaggerated as small orders can have a larger than normal affect on prices during periods of thin trading. Analysts are advising investors to wait until after January 4, to make a better assessment of true price action for gold and silver.