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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Silver price is ready for recovery

Posted on 03 June 2014

The silver price, which at £11.205 (US$18.76) is less than half of its high of $48 an ounce set in 2011, could be set for a rebound according to industry players. A research report out today from ETF Securities, a London-based investment firm focused on exchange-traded funds and commodities, argues that with industrial demand increasing, supply falling and inventories declining, the gold price stable and price volatility at a decade low, conditions are building for a silver price rally.
The report also cites the fact that in the first quarter of 2014 Chinese demand showed a 22% year-on-year increase in silver imports, the largest quarterly gain since the second quarter of 2010. In addition, demand from China was up 17% year-on-year………………………………………..Full Article: Source


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