Conditions Ideal for Silver Miners

Jan. 13, 2010 08:52AM PST

Market conditions like tight supply, increased investment demand, growth in industrial demand and rising spot prices create the perfect environment for silver miners to succeed. Silver prices are doing well so far into the first two weeks of 2010 steadily rising from the $17 level to test $19 an ounce. On Monday morning, silver …

Market conditions like tight supply, increased investment demand, growth in industrial demand and rising spot prices create the perfect environment for silver miners to succeed.

Silver prices are doing well so far into the first two weeks of 2010 steadily rising from the $17 level to test $19 an ounce.
On Monday morning, silver danced as high as $18.88 in New York before falling to $18.60 at closing. The white metal was spurred on by gold’s jump to a five-week high of $1,161.50 an ounce on a lower greenback and “gathering economic momentum” of commodity imports to China.

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