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Silver Prices Up 22% in the First Quarter of 2011
Silver prices hit a 31-year high price of $38.18 per ounce last week as silver coins finished the month up a strong 12%.
Investors have developed a strong interest in buying silver coins and investing in silver for the long term due to its relative value to the price of gold coins. Many investors believe that silver coins and undervalued since the historical gold-silver ratio is currently projecting silver coin prices close to $100 per ounce.
The demand for silver coins has especially been evident in the strong purchases of American Eagle silver coins produced by the United States Mint. Nearly three million wprvr silver American Eagle coins were sold in the month of March and 12.4 million have been sold so far this year.
Global Gold Group can help investors purchase silver for long term protection against the threat of inflation or the devaluation of the United States dollar. To get more information about investing in silver coins, please check out their website at http://www.aglobalcurrency.com.