September 16, 2008

Silver Enjoying A Surge

Both gold and silver have historically been considered as stores of wealth, with silver in everyday use in coins until the seventies.

Unlike gold, silver is enjoying a growing use in manufacturing, the medical and other high tec industries, more than offsetting the diminishing use in photography.

Demand from the jewelry industry remains constant, the gold /silver ratio is out of historical synch (15:1) at around 60:1 and the premium over the silver content in the coin collectors market is said to be near its highest at up to 15%. It is also reported that the physical metal is in short supply but that is likely to be a short-term situation. Read more

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After halting imports of silver for three months due to low demand, India has imported 24 tonnnes in May and June.

Although demand is expected to be low for the next month it is expected to pick up when the June to September monsoon period is over.

 

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Known for centuries for its infection fighting properties, silver is now being incorporated into bed wear that is already in use in some hospitals in a bid to stem the advance of MRSA (methicillin resistant staphylococcus aureus) that can be fatal and other bug born infections.

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June 29, 2007

Silver Still a Buy?

The short answer is yes and yes again!

 

The correction that has taken place in the last week or so is nothing more than a blip as precious metal prices have followed the general market see saw.

 

The problem is that the wall of worry about the US and other economies is growing higher week on week so it is hardly surprising that many nervous investors who have seen fat profits in their and gold positions have cashed in.

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A new report produced by NanoMarkets entitled “Silver powders and inks for printable electronics” forecasts that the market for inks used in emerging technological applications will grow from US$176 million this year to US$1.2 billion by 2014.

 

NanoMarkets is a consulting and market analysis business that specializes in covering emerging market opportunities and advances in micro and nano technologies particularly in electronics, semiconductors, bio-medical devices, energy and advanced materials.

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At one time “silver” coins actually contained a considerable amount of silver, 50%-90% depending upon the issuing country.

 

Up to 1965 US dimes and quarters were minted with 90% silver and half dollars contained 40%. 

 

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August 25, 2006

Silver Production

World silver mine production rose to a record high in 2005 at 641.6 million troy ounces.

Total world demand for silver rose to 864 .4 million troy ounces in 2005.

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