Critical Factors That Will Impact Silver | Steve St. Angelo | FINANCIAL SENSE

Critical Factors That Will Impact Silver | Steve St. Angelo | FINANCIAL SENS


TheSilverPrice.info

The fundamentals for silver today are even better than they were last year when its price and sentiment were higher. Nevertheless, consumer affinity for precious metals has turned rather pessimistic presently. This may be indicated by those who see a rise in the COMEX silver inventories as well as a drop-off in Silver Eagle purchases. Furthermore, our favorite so-called precious metals analysts (more like Bears in a Bull’s skin) have come out of the woodwork to rub it in that the “GOLD BULL MARKET IS NOW OVER.”

For instance, one of these so-called bullion specialists never seems to put in a good word for gold when the price is heading higher.  However, when the tide has turned, there is no shortage of negative rhetoric in this analyst’s articles. Another interesting member in this camp of so-called precious metals analysts believes gold stocks are a GOOD BUY at prices 30-50% less than where they are currently – isn’t that nice? I gather this analyst doesn’t play much golf with CEO’s of gold mining companies.

World Silver Survey 2012 confirms bullish picture | Buy Silver Online

World Silver Survey 2012 confirms bullish picture | Buy Silver Online




TheSilverPrice.info

The Silver Institute's "World Silver Survey 2012" report hasn’t surprised investors and market participants. Silver mining output hit record highs last year, while silver demand from end users and investors remained robust – despite silver's correction phase which started close to a year ago. The Silver Institute is one of the most important organisations in the silver sector, comprising producers, dealers and numerous companies that use silver. Thus, this study is of significance.

Although global investment demand dropped slightly to 282.2 million ounces (8,766 tonnes) this marginal decline isn’t too consequential, since in 2011 silver registered a higher average price than in the previous year. As a consequence, the financial value of global silver demand reached a new record high of almost $10 billion – a 73% increase on the previous year. Demand for silver coins and medals climbed by 129% to a new record high of 118.2 million ounces (3,677 tonnes). In comparison with 2010 demand for silver bars increased 67% to 95.7 million ounces (2,975 tonnes).

The Silver Megathrust - Seeking Alpha

The Silver Megathrust - Seeking Alpha


www.TheSilverPrice.info

"History does not repeat itself, but it sure does rhyme."(Mark Twain)

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 - yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 - during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

Silver Forecast for April 27, 2012, Technical Analysis » Fx Empire Network

Silver Forecast for April 27, 2012, Technical Analysis » Fx Empire Network


TheSilverPrice.info

The silver markets rose during the session on Thursday as the hammer from the previous session got broken to the upside. Yesterday we mentioned that this would be a decent buy signal, and in fact we have taken it. However, the area does face some headwinds just above – so this is a short-term trade.

The silver market have been beaten up pretty badly over the last several weeks, but the $30-ish level is a massive support level based upon the longer term charts. The bears will have to get past this barrier to completely take control, and as a result – this area is absolutely vital to the overall health of the silver markets.

The $33 level above is the top of the most recent consolidation area, and that is where we think the market will head towards now. However, it is somewhat in doubt as to whether or not the market can overcome the level as there are many reasons to think that there could be trouble moving forward for the silver market.

Futures exchange to offer contracts for silver|Business|chinadaily.com.cn

Futures exchange to offer contracts for silver|Business|chinadaily.com.cn


TheSilverPrice.info

The Shanghai Futures Exchange received regulatory approval on Wednesday to start tradingin silver contracts, giving Chinese investors a new way to bet on the precious metal.

The lot size of the contracts was set at 15 kilograms and the lot prices will be allowed tofluctuate by 5 percent a day. The margin requirement was set at 7 percent and prices will bequoted in yuan. The minimum amount the prices will be allowed to fluctuate was set at 1 yuan(16 US cents).

The silver contracts are the first of their type to be offered in China. Before, investors had touse Shanghai Gold Exchange Ag (T+D) contracts to conduct certain transactions of the metal.They could also go to commercial banks to buy paper silver, which don't have to be deliveredphysically.