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Qualified FX Broker Katrina Stoltz on Silver Rally and China Demand.
It turns out the fiscal cliff wasn't the end of the US economy that many predicted and now between the downtrend in the dollar and a rally in the stock markets, precious metals are in a good position to increase in value again.
We also have to consider the demand for silver from the Chinese market. Almost every Chinese bank offers their clients silver bars or other retail investment products in physical silver not to mention paper trading.
"Silver requires less funding not to mention the fact that it is cheaper. This makes it a very attractive proposition for the Chinese retail marketplace."
"As long as the Chinese economy continues to grow, i think we are set to see their investors become a major driver for the silver market globally." '
"For a rally to happen now, we want Silver to break its 10 week and 50 day moving averages. We do not need much of an advance in prices to achieve this and from there big things will start to happen for the white metal"
Katrina goes on to say - "Silver has a bullish outlook in the medium and long term although we may see some consolidation over the next few weeks. Bottom line though is that it's a good place to have your money invested."
Ms Stoltz has been a highly successful commodity and forex trader for most of her career and specialises in precious metals at Qualified FX.
Disclosure: Katrina Stoltz and other members of the Qualified FX brokerage team hold several call options in silver with various expiry dates.
Qualified FX was set up almost ten years ago to provide commodity and forex trading accounts to both retail and institutional investors in almost 80 countries.
We maintain corporate offices in both Tokyo, Japan and San Jose, Costa Rica and as such are ideally placed to access all commodity and forex markets around the world. Trading never closes at Qualified FX.
To open an account or just for more information about forex and commodity trading please visit our website at http://www.qualifiedfx.com
Risk Disclosure: Past results are not indicative of future performance. Commodity and Forex trading is not suitable for every investor and as such only risk capital should be used.