At the moment it seems that the supply deficit in silver has people focused on getting a hold of as much physical silver as possible. With paper prices of silver at four and half year lows, it will be interesting to see how the price reacts to a lack of physical silver
Since early December, silver has bottomed just under $19 numerous times, indicating a pretty solid level of support. Last week silver traded above the 50-day moving average of $19.58 as well as the 200-day moving average of $20.52.
Everyone knows that gold and silver have value, but few people understand their real value. Some people say that the current price of gold and silver is too high after rising 12 years. But is that true?
Silver is punishing investors amid diminishing trust in precious metals as a store of wealth and concern that growth is weakening, with $5.2 billion erased from the value of their near-record holdings this year.
Silver assets in exchange-traded products are poised to expand to a record, joining the biggest- ever hoards of gold and platinum, as increased stimulus from the world’s central banks spurs investors to amass precious metals.
Barclays Capital analysts find that the slow but steady leakage of metals tonnage from various ETFs is underscoring the ebbing interest in precious metals at the present time. Gold balances in such vehicles have declined by six tonnes this month.