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With the silver market value hovering around $4.00 in the early 2000's - did you ever think that silver selling at $30 would be considered a 'bargain buy'. There are those that say the time to buy silver is now as their belief is that it will continue to increase in value.
Why? We've talked about the many uses of silver - add to that the economies of the world. Everywhere we see staggering debt that continues to rise. And, in spite of the fact that the dollar has gained some strength due to the debt crisis in Europe, here in the states we continue to see food and energy prices increase. That being said, when the Euro begins to regain some strength causing the dollar to lower, thus leading to higher silver prices.
While silver offers a hedge much like gold, silver is much less expensive. This makes it affordable for the smaller investor with a limited budget to invest in a precious metal without having to break the bank as silver sells for a fraction of the value of gold. There are those that feel silver also has more potential for big profits due to its volatility . . . again due to the many uses of silver in many industries from medical to electronics to jewelry.
What is the outlook for silver in 2012?
Some feel that in 2012 the price of silver will again start to climb back to the high of $50 per ounce, fueled by those investors that turned to the dollar as it gained strength but when the economic crises turns around and the dollar declines, they will then exchange those same dollars for silver bullion. As the Euro inches up the dollar will go down resulting in a higher silver spot market value.
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