how to invest in silver
Despite the year's nearly 30% fall in silver prices, not everyone is sour on investing in silver. The U.S. Mint reported Tuesday that American Silver Eagle bullion coin sales have already set an annual record.
Authorized purchasers of the popular coins ordered their full weekly allocation of 500,000 coins, according to the Mint. That took total sales year-to-date to a record 40.175 million ounces, surpassing the previous annual record of 39,868,500 million ounces hit in 2011.To continue reading, please click here...
Silver Prices Today Riding Higher on these Four Trends
Silver prices today touched the highest level since May. With all the market “crash talk” going on, here are four reasons to bet on silver now. Read more...
Why Investors Are Hoarding Silver
With the U.S. Federal Reserve failing to take monetary action a few weeks ago, silver prices saw an opportunity to deflate, but instead have held steady around $27 an ounce.
Investors' silver holdings are approaching record highs as speculators exit the precious metal and exchange-traded products with silver add to positions. In the last three months, these products' holdings have grown to a $16.2 billion value, reported Bloomberg News.
But they're poised to get even higher.
Analysts have forecast that silver will average $33.02 an ounce in the fourth quarter-an 18% rise from current prices.
Since last week silver has been increasing and closed up 0.35% to $28.00 on Friday.
So why are investors bullish on silver? There are a few reasons.
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