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Commodities Briefing - Categorized | Bullion/Gold, Price Watch, Trends more

US continues to impact gold, silver prices

Posted on 14 October 2013

With applications ranging from industrial use and jewellery to silverware, photography and investment, silver is an essential commodity. A quick break-up shows that industrial demand accounts for 44%, followed by consumption in jewellery and silverware at 22%, investment demand at almost 30%, while photography accounts for a little more than 5%.
Since the metal is used for a variety of industrial purposes, the factors impacting its price are also numerous. Starting with its applicability as a precious metal, it is seen that it takes major cues from the price movements in gold. In case of its usage in industrial applications, base metals also provide direction to silver prices………………………………………..Full Article: Source


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