Username
Password
SelectReserve CacheTv Open an Account
SelectReserve CacheTv Live Charts
Request More information on on gold, silver, coin, currency and learn about the value of mint and precious metals. We provide information on silver bullion and buying gold
Get on Board with RRSP & TFSA  - Invest in Physical Gold & Silver through your Cache Metals Account
Cache Metals Store - Browse through our Fabricated Bullion Products
CacheMetals.com As Seen and Heard on AM640 and other Toronto Radio Stations
Click to Subscribe to Cache Metals Newsletter
Win a 1 OZ Gold MAple Leaf from Cache Metals.com
Cache Metals Delivers the latest in business and metals market news. Cachemetals.com
 INDEX  >  Silver Prices Surging on Near-Record Demand
Published by CNBC: November 29 2010  By Sharon Epperson and Jessica Golden

 

| More

The price of silver is surging and so is business at many coin dealers across the country. At Plaza Collectibles, an appraisals shop in Manhattan, owner Lee Rosenbloom says he’s seeing a tremendous demand both in new and older silver coins. “This is probably the strongest demand there’s been in the last 25 years,” he says. 

Silver prices have soared 60 percent in 2010, driven in large part by a strong investment demand, particularly strong buying of exchange-traded funds, or ETFs, backed by the physical metal.  “ETF demand has been an important driver of prices because investors have prepositioned themselves for this central bank buying by emerging markets” says Francisco Blanch, Head of Global Commodity Research at Bank of America-Merrill Lynch.

Other leading gold analysts agree this buying frenzy will continue. Philip Klapwijk, executive chairman of the consulting firm GFMS, says he expects to see $4 billion on a net basis flurrying into silver and gold investment this year. Holdings in the largest silver exchange-traded fund, iShares Silver Trust, are near a record high, trading up 62 percent year to date (as of closing on November 23).

According to Blanch, the increase in silver prices has also been spurred by a rise in industrial demand, which is up 18 percent year over year. A hike in demand for silver from solar panels and pent up demand from the industrial sector is helping to push up prices. He expects to see further growth next year but at a slower pace.

For many investors, silver is a more affordable alternative to gold. Gold coins are traded based on a spot price that is currently almost $1,400 an ounce.

Silver coins are based on futures prices that are under $30 an ounce. “Silver coins are a relatively cheap gift and way for people to accumulate wealth,” says Blanch. 

The strong interest in silver has created a record month for sales of the 2010 Silver American Eagle bullion coin, according to the U.S. Mint.  Silver coin sales are up 22 percent compared to this period last year and 30 percent since 2007.Yet, analysts say investors who want to get in on the action and are deciding between holding the actual silver metal or an ETF should weigh their options carefully, since coins ultimatley may cost a higher premium. But if you're a collector, now is the time to buy, says Scott Travers, author of"The Coin Collectors Survival Manual." He says, "it's probably a better opportunity now than we've ever seen historically for collectors of silver coins.” 

 
 
© 2010 SilverSeek.com  Article Source
CALL 1-416-916-6660 and book an appointment with a Cache Metals Precious Metals Market specialists
© 2011 Cache Metals Inc.   |   International Bullion Wholesalers
Tel: 416.916.6660    Toll Free: 1.877.916.6670    Fax: 416.916.6702   [email protected]
ICTAICANN-Accredited Registrars Powered by ActiveTvNetworks     
As with all investments, the price of precious metals changes rapidly, and as such should be considered volatile. Upon entering the metals market, the risk of loss is solely that of the client. Only individuals who are capable of sustaining a capital loss should consider purchasing precious metals. Acquisitions in precious metals which are financed are considered high risk.
Active TV Networks - ATVN & Active TV powered this website. Visit Madcap Media Inc or madcapinc.com and atvn for your niche web development needs, including CMS.
gold, silver, coin, currency, value, coins, mint, precious, buy gold, stock price, metals, gold price, gold silver, bullion, maple leaf, gold coins, silver dollar, gold prices, prices gold, gold and silver, gold coin, gold rate, gold bullion, gold live, bullion gold, silver coins, price of gold, silver price, buying gold, live price, gold bar, current price, silver bullion, bullion coins, bullion silver, bullion bars, spot gold, gold bars, gold spot, market price, silver prices, silver coin, sell gold, gold today, krugerrand, gold market, precious metals, metals precious, gold chart, price in gold, silver bars, precious metal, gold coins bullion, gold bullion coins, silver dollars, coin collecting, rare coins, gold rates, gold ounce, gold current, buy silver, silver bullion coins, silver coins bullion, gold value, silver bar, gold stock, gold kitco, silver spot, gold investment, platinum price, selling gold, gold etf, ounce price, gold price today, spot gold price, gold spot price, gold price india, gold price spot, gold trading, gold stocks, current gold price, copper metal, numismatics, troy ounce, gold price ounce, today gold prices, gold price in india, gold dealers, gold investing, gold index, gold price per ounce, gold price gram, krugerrands, gold quotes, gold futures, gold invest, gold charts, gold price chart, live gold prices,live gold price, bullion bar,how to buy gold, gold quote, krugerrand gold, buy gold coins, gold spot prices, spot gold prices, current gold prices, platinum prices, silver spot price, base metals, buy bullion, us gold coins, gold comex, gold price market, current price of gold, price for gold, the price of gold, price of gold today, gold and silver prices, price of gold per ounce, gold funds, gold market price, bullion coin, e bullion, buying silver, buy gold bullion, gold price history, bullion dealers, bullion market, gold bullion buy, gold bullion bar, silver investment, bullion price, silver gold price, gold coin prices, today's gold price, gold price oz, todays gold price, precious gold, iron metals, bullion direct, silver bullion bar, silver bar bullion, gold markets, kitco price, gold coin price, prices of gold, gold and price The History of Metals,Bullion - A better Alternative,Investments,Silver Bullion,Buy Silver Bullion,Bullion, Gold Information,Gold Investments, How To Invest In Gold , Precious Metal Investments, American Dollar, U.S. Economy, Information On American Economy, Investments In Gold And Silver, Investing In Silver, Dollar Devaluation, Devaluation Of The U.S. Dollar, Dollar Investments, Information About Gold, Global Economy, Global Economy History, Gold Bullion Buyers, Gold Bullion Sellers, Investing Information, Investment Kits, Gold Investors, Silver Investments, Silver Prices, Gold Prices, Gold And Silver Prices, Precious Metal Prices, Precious Metal Traiding, Investment Roll Papers, Investment Planning Papers, Precious Metals, Metals Price History, Daily Silver, Daily Gold, Daily Platinum, Register, Bullion Coins, Bullion Dealers, Bullion Investing, Bullion Investing Firms, Bullion Investments, Bullion Sales, Bullion Trading Sites, Buy And Sell Gold Bullion, Buy Bullion, Buy Gold Bullion Now, Buy Gold Bullion Online, Buy Gold Coin Bullion, Buying Gold Bullion, Buy Precious Metals, Current Gold Bullion Prices, Gold And Silver Bullion Coins, Gold And Silver Bullion Dealers, Gold And Silver Bullion Prices, Gold And Silver Coin Bullion, Gold And Silver Coins, Gold and Silver Investments, Gold Bullion Brokers, Gold Bullion Buyers,  Gold Bullion Sellers, Gold Bullion Stocks, Gold Coin Investing, Gold Coin Investments, Gold Info, Gold Information, Gold Investing, Gold Investments Kits, Gold Investments, Gold Investments Online, Gold Investors, Gold Market Prices, Gold Market Quotes, Gold Prices Information, Good Gold Investments, How To Invest In Gold, How To Invest In Silver, Invest In Bullion, Investing In Gold And Silver, Investing In Gold Bullion, Investing In Gold Coins, Investing In Silver, Investing In Silver Bullion, Investing In Silver Bullion Coins, Invest In Gold, Invest In Gold Bullion, Invest In Silver, Online Gold Investing, Investments In Gold, Precious Metal Dealers, Precious Metal Exchange, Precious Metal Investing, Precious Metal Market Quotes, Precious Metal Investments, Purchase Of Gold Bullion, Safe Gold Investments, Silver Bullion Coin, Silver Bullion Coin Investing, Silver Bullion Dealers, Silver Bullion Online, Silver Bullion Quotes, Silver Bullion Sales, Silver Coin Investing,Silver Bullion Dealers, Silver Coin Prices, Silver Bullion Market Information, Silver Bullion Online, Silver Bullion Price Guide, Silver Info, Silver Information, Silver Investment Kits, Silver Investments, Silver Investors, Silver Market Quotes, Silver Market Prices, Trading Gold, Trading Silver, USA Bullion Rates, Gold Bullion, US Gold Bullion, US Gold Bullion Coins, US Silver Bullion Coin, Where To Buy Gold Bullion, Why Invest In Silver Bullion
Cache Metals Inc - Home PageCacheMetals Statements Cache Metals Inc - About the Canadian Bullion Wholesaler Cache Metals Inc - Bullion Information on Gold Silver Platinum Cache Metals Inc - Register for an account today and start saving money Cache Metals Inc - Freqently Asked Questions about Bullions Cache Metals Inc - Contact Page