We are living unbelievable times where Silver, during the past 5 years, has held a flat value. This year Silver has nearly tripled in 18 months time from $18 to $49 the troy oz. If many feel this is it, my prediction is we haven't seen the start yet. Blog maintained by D.A.
Year 2010 prices page has been moved to the next page.We will display prices just the last quarter until July 2011 before information becomes obsolete. 2011
Prediction for Dec 31, 2011 tr. oz. of silver will soar to $53.00, an increase of 74% over the start of the year and 307% since Jan 1, 2010 zoom to view clearer details
Here’s why: For several years leading up to the 2008 stock-market panic, it typically took 55 ounces of silver to buy an ounce of gold. Today, a gold ounce will cost anyone 43 ounces of silver, yes 43 (updated June 30, 2010
The message: There’s been a fundamental shift, where precious metals investors see silver as the “more-affordable” true-money option. So, I expect this newer 43:1 ratio to hold, and perhaps to even decline – which portends a relative outperformance for silver versus gold.
And that brings me back to my price prediction. If we use the current 43:1 ratio – and my expectation that it will be 40:1 ratio by year end 2011, gold will be trading at $1,800 an ounce by the end of 2011 – I believe we’re looking at a target price for silver of $58 an ounce, nearly more than tripling prices of early 2010.
If you wish to know today's spot price of silver click here:
The published quotes are of the utmost reliability and reflect the accurate prices quoted at the London fixing. We make no representation of bringing you up to the minute trading prices. This web page serves only as a base for our worldwide retailers to appreciate the value of silver as it is traded in the largest precious market in the world.
Hence our cost of replacement everytime we sell you our stock
Market Fixing Prices can give you a precise idea when you were thinking of placing your order how much silver price was trading at. It can give you also when you placed your intended order how much it was trading at. Finally when you locked your order with your payment how much silver was trading at. On the very day we received your payment, we will in turn place an order with our brokers to replace the stock we sold you on that day.
Our invoice is valid for one week. Should silver price fluctuate more than 3% from the time we issued you our proforma invoice, anytime before the receipt of your payment, we will adjust our sales invoice to reflect the new price modification as per silver quotes on the precious metal market.
In a matter of a week, in many instances, silver price has appreciated or depreciated more than 10% in just 2 trading sessions.
Throughout history, silver bullion has served mankind as a primary monetary metal. It is durable, divisible, convenient, has utility value.
However, unlike its fellow monetary metal—gold—silver is most commonly used today as an industrial commodity.
Industrial demand for silver has grown consistently for the past three decades because of silver's many unique properties, including its strength, malleability, and ductility...its unparalleled electrical and thermal conductivity...its sensitivity to, and high reflectance o,f light...and its ability to endure extreme temperature ranges.
In addition to its industrial uses and qualities, silver is also used in numerous health care products because of the unique antibacterial characteristics that it possesses. The "Silver Bullet" is used by hospitals to prevent bacterial infections in burn victims. Wound dressings and other wound care products incorporate a layer of fabric containing silver for prevention of secondary infections. In a world that is showing increasing concern about the spreading of disease and potential pandemics, silver is increasingly being tapped for its microbicidal qualities.
It is estimated that more than 95% of all the silver ever mined throughout history has already been consumed by industrial use.
That silver is gone forever, unrecoverable at any price. In 1900, there were approximately 12 billion ounces of silver in the world. Today, that figure has fallen to about 300 million ounces of above-ground, refined silver. This means that at current prices, it would only take about four billion dollars to purchase all of the above-ground silver in the world today.
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