Silver Prices Are Anticipated To Continue To Go Upward In 2011

March 9, 2011 - PRLog -- The Silver price is anticipated to continue to go up in 2011.

The cost of silver has nearly doubled within the past eight months because of the high cost of gold. Silver is perched around $36 an ounce and experts say the high costs look likely to carry on. Visit http://silver-dollar-values.net for more silver and gold investing tips.

Independent analysts say the stagnating US dollar indicates investors who can't afford gold are turning to silver as a dependable commodity to make investments in. Individuals are hedging in opposition to a weaker US dollar by making an investment in silver now. Individuals who can't afford to make investments in gold are the ones now investing predominantly in silver. Visit http://silver-dollar-values.com for more silver and gold investing tips.

If you're sitting there and you've $35 paper money in your hands, many individuals are saying that they would really rather have an ounce of silver simply because they're thinking longer term that an ounce of silver is likely to hold its value much better than $35.

Continual retail demand has assisted the rise in silver's cost in recent months, highlighting the continued recognition at the retail level of the affordability of silver in comparison to gold. This has been especially noticeable within the Far East, where silver bullion bars have scarce as well as commanding high premiums, whilst India and also the Middle East have also been robust buyers.

The silver price has leaped up as a consequence of a sustained perception in gold's upside trend on the back of existing geopolitical as well as inflationary concerns. Both gold and silver are without a doubt in sustained bull markets in 2010 moving forward into 2011. Now is really a fantastic time to purchase gold and silver and stash it away until you might need it later on when paper money is next to worthless. Silver Dollar http://silverdollar.cc

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