Silver Dollar Values Prices Will Be Jumping Nimbly In 2011!

Feb. 2, 2011 - PRLog -- A favorable factor for the greater demand for silver going forward is the Chinese government growing its reserves of gold and silver. Searching to improve the relative value of the Yuan, records show the desire of China to raise it holdings of precious metals. The Chinese central bank, the People’s Bank of China, is writing out plans to purchase gold and silver reserves right now substantially as their prices are presently down.

China proclaimed last year that it would improve gold reserves from roughly 1,200 tonnes to 10,000 tonnes over the next decade. Although the exact figures of China’s silver reserves are tough to come by, reports indicate plans to improve reserves of silver also. China is the number one producer as well as consumer of silver, and any increase in marketplace demand from the central bank will certainly influence prices worldwide. Visit http://silver-dollar-values.com for more silver tips.

Silver has had a turbulent January after reaching highs in late December of over $31 per ounce; the marketplace has since gone through a correction. The cost of silver at closing on Feb. 1 was $28.620 per ounce, up $0.570 on the day, in New York. The strength of the dollar might have been a factor in the slide across the last month but that's changing. The US Dollar Index is at a 12 week low, which has assisted the upward bounce within the overall correction pattern. Probably the most pressing problem that looms over the silver marketplace is the observed lack of liquidity.

January set records for silver bar and coin sales at the U.S. Mint. More than 5 million silver coins had been sold, shattering the November 2010 record of 4.6 million. Although the cost of silver has gone through a correction, the demand for the silver is still extremely strong. Visit http://silver-dollar-values.com for more silver tips.

Bullion sellers are complaining about the lack of ability to fulfill order placed for silver bars. Several have stopped taking orders totally. Sprott Asset Management is really an ideal example. The business ordered 22.3 million ounces of silver for delivery on Nov. 10, but did not obtain the metal until January. Actually the silver marketplace is getting tighter and tighter.

If substantially much more ETF gold were to hit the marketplace, it could have a short-term impact on price ranges. But analysts say you will find a lot of other demand sources available to mop up supply, as long as great underlying factors to purchase gold remain. http://silver-dollar-values.com has all the details for a precious metals investing decision.

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