Silver skyrockets, providing opportunities for precious metals commodities dealing

April 12, 2011 - PRLog -- WEST PALM BEACH, Fla. – Once referred to as gold’s “ugly sister,” silver recently shot to $40.61 – reaching a 30-year high and shifting the focus from market-favorite gold.

“Silver hasn’t attracted this much attention since January 1980, when it reached its all-time record of $50 an ounce,” said Frank Gaudino, managing partner at Lloyds Commodities precious metals wholesale dealer.

Silver’s increasing popularity is driving a record number of investors to precious metals, rendering the current financial climate a prime time to become an independent metals dealer.

“The dollar has hit a 15-month low against the Euro, which has made silver all the more attractive. That, and the fact that investing in silver makes people feel protected when there is volatility in the world’s political and economic sectors,” Gaudino said.

But why is silver suddenly outshining gold, when both are considered safe-haven investments? One reason is that silver fills its own niche in the market. Silver is considered more than just a precious metal for jewelry and fine dining utensils.

Silver has practical applications, from usage in everything from solar batteries to water purification to cell phones to plasma TVs to radio frequency identification devices.

In fact, an estimated 40 percent of silver demand is now driven by industrial uses, compared to just 11 percent for gold, according to Investment U website. Silver is also a superb conductor of electricity, which will continue to separate silver from gold in the future.

Gaudino’s firm, Lloyds Commodities, maintains a two-way market for silver – as well as gold, platinum and palladium and copper – to its retail dealers while providing training, mentoring and software support to help maximize profits.

For more information about capitalizing on the precious metals market by becoming a retail dealer with Lloyds, visit http://www.lloydscommodities.com/.

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About Lloyd’s Commodities

Lloyd’s Commodities is a wholesale dealer specializing in the purchase and sale of precious metals such as gold, silver, platinum, palladium and copper. Lloyd’s maintains relationships with worldwide suppliers, financing institutions, and investment bankers to maintain client equity. Lloyd’s has extensive back-office support for day-to-day operations -- including trade confirmations and statements -- allowing its retail clients to focus on expanding and marketing their businesses. For more information about Lloyd’s Commodities, visit http://www.lloydscommodities.com/.