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Silver Coins Building a Price Base

Silver coin prices appear to be building a base this week.

 
PRLog - May 18, 2011 - Silver coin prices appear to be building a base last week. After a correction two weeks ago, silver traded in a trading range last week as it built a base of price level support. According to many silver coin experts, silver coins have a strong base of support around $32 per ounce and demand is picking up for the precious gray tinged metal.

Unlike gold, the price of silver coins is less speculative because the precious metal is used in many industrial applications. A significant amount of silver is used in photography, while other commercial uses include chemical applications, mirrors, RF connectors, dentistry and medical purposes. Of course it is also commonly used in jewelry and currency.

Other experts believe the price appreciation of silver coins could outpace the price appreciation of gold coins. Gold coin prices have shown a strong price appreciation over the past few years as buyers were investing in gold coins. Silver just recently started its rally and is cheaper relative to the price value of gold coins.

Global Gold Group helps investors buy silver coins for investment. With a wide variety of gold coins and silver coins available for investors, Global Gold Group can help you diversify your portfolio against the crushing devastation of inflation with high quality government issued silver coins. For more information, please check out their website at http://www.aglobalcurrency.com.

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Source:Global Gold Group
Location:United States
Industry:Finance, Industrial, Jewelry
Tags:silver, invest in silver, buy silver, silver coin, american eagle, silver price, silver price prediction, gold coin
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