27.10.2015 - 3 Reasons to Be Bullish on Silver Prices in 2016?
Since the summer of 2011, silver prices have fallen by roughly 70%. But since the beginning of October, prices have rebounded. Currently trading near $15.75 an ounce, silver prices have climbed 8.6%. There are a number of factors that will contribute to the resurgence in silver prices, including China’s addition to the LMBA silver benchmark-setting process, and the slowly improving U.S. economy. China, the world’s largest producer and consumer of silver, is about to have a little more influence in the precious metals market. China Construction Bank signed a memorandum of understanding with CME Group to join the LMBA silver benchmark-setting process. The agreement means CME can offer offshore Chinese renminbi futures contracts with physical delivery in London and CCB can take part in London silver pricing...............................................Full Article: Source
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