Silver Dollar Values Prices Will Be Skyrocketing While Silver Price & Gold Price Rises To Records

April 28, 2011 - PRLog -- Now is still a great time to purchase precious metals like gold and silver. Gold price s and silver price s are still fairly inexpensive, compared to what the rising prices will be soon.

Comex gold as well as silver futures costs are ended greater Thursday, with silver posting clear gains. June gold hit an additional fresh all-time record high of $1,538.80. The precious metals rallied within the wake of the U.S. Federal Reserve's FOMC statement and following some fresh, weak U.S. economic information. The U.S. dollar index hit an additional fresh 2.5-year low, which continues to increase the precious metals bulls. Comex June gold last traded up $15.20 an ounce at $1,532.30. Spot gold very last traded up $4.50 at $1,532.25. May Comex silver final traded up $2.18 an ounce at $48.14. Visit http://silver-dollar-values.com for more silver and gold tips.

Precious metals costs had been already trading greater Thursday morning, within the aftermath of the bullishly interpreted FOMC statement Wednesday afternoon that strengthened the Fed's assertions that it'll maintain U.S. interest rates low for a little while to come, when fresh, poor U.S. economic information was issued. U.S. gross domestic product arrived at a tepid 1.8% growth rate, whilst weekly U.S. jobless claims increased. That only worked to bolster thoughts that the Fed will function to maintain U.S. monetary policy extremely easy, which in turn will maintain inflationary cost pressures high. Visit http://silver-dollar-values.com for more silver and gold tips.

The U.S. dollar index ended up being weaker once more Thursday and also hit an additional fresh 2.5-year low. The FOMC report led investors to continue to think the U.S. government desires the dollar to keep on weakening. The extremely weak overall technical posture of the U.S. dollar index remains a bullish factor for the precious metals markets. So long as the U.S. dollar index is moving lower, selling interest within the precious metals will probably be limited. Visit http://silver-dollar-values.com for more silver and gold tips.

Federal Reserve chairman, Ben Bernanke, may be thanked for the move. The unanimous choice by the Fed to maintain interest rates at 0-0.25% until a minimum of the fall also as keeping its balance sheet the exact same size following quantitative easing ends in June meant much more inexpensive cash for a lot longer. It is not just the U.S. pushing gold as well as silver much higher. The Bank of Japan still left interest rates the same at its newest central bank policy conference and lowered growth predictions estimating a recession. On the other side, the IMF has said that Asia must tighten much more and quicker to fight rising inflation. This kind of balancing act escalates the chance of negative actual interest rates, at least for the medium-term.

Those hoped-for levels look tough to reach with the precious metals taking off following the Labor Department saying individuals filing for unemployment claims last week rose much more than expected. The Fed has said it desires the unemployment pace to fall to 8%, presently at 8.8%, which will probably be tough to do the more unemployment claims rise. Once more, the time is now to buy gold and buy silver while supplies are still obtainable at reasonable prices.

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