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Silver price $ 36.70, a record! Betting

storms on the commodities markets, the silver price in 2011 further up. So the price of silver jumped the mark of 36 dollars, and climbed to $ 36.70. Thus, the silver ounce (31.1 grams) is currently more expensive than it has been 31 years. The performance of the silver price of gold represents the increase significantly in the shade.

silver rose from $ 26.40 to $ 36.70 between 28 January 2011 and the 7th March 2011. The precious and industrial metals rose by $ 10.30 or +39.02 percent. The gold price rose in the same period from 1308.18 to $ 1444.84 ($ 136.66, +10.45 percent).

addition to the unrest in the Middle East North Africa and the soft dollar is seen as a catalyst for attracting gold and silver price 2011th The euro climbed to 1.2874 from $ 1.4035 (-9.02 percent) between 10 January 2011 and the 7th March 2011. Currently costs the dollar equivalent of € 0.7125.

particular, the price of gold usually goes in the opposite direction to the dollar. Thus, when a decline in the dollar value to gold in the rule. The yellow precious metal comes under selling pressure when the greenback is in demand in the foreign exchange markets.

benefits, the silver price in 2011 in addition to the demand from financial investors and by the global recovery of the global economy. Thus, silver to significantly more needed by the industry than gold. The metal has been particularly in the production of laser printers and solar batteries are used.

However, the silver market is considered much more speculative than gold. Silver prices in a few days experience fluctuations of more than ten percent. The Hunt brothers had driven 1970/Anfang end of 1980 the silver market cornered, so was that the silver price rose in 1980 to $ 50.35.

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against dollar further increased

put the forex market more and more speculators on an appreciation of the euro against the dollar. Thus, the positions of market participants scrambled with significant capital resources, such as hedge funds on the futures exchange (CME) on a yearly high. The Contracts in favor of the euro from speculative accounts increased to +51,308. In the previous week was the balance between EUR / USD purchase and sales contracts at +45,598, at beginning of the year 2011 -24 201.

€ The development is to the dollar in the last trading week EUR / USD 1.3732 risen to 1.3938. After the single currency a maximum sand at EUR / USD 1.4006 reached on Friday, there has been a pullback. The European Central Bank (ECB) fixed the official reference rate of EUR / USD 1.3957. This cost the dollar equivalent of € 0.7165.

Earlier, the ECB contributed significantly to the development of Euro Dollar for the first time in 2011 the brand of EUR / USD 1.4000 could overcome. So said central bank President Jean Claude Trichet that a rate hike at the next ECB meeting on 7 April 2011 would be possible. With a first rate hike of 1.00 percent to 1.25 percent expected before Easter 2011, the few analysts had expected.

inflation shock is

However, the increasing inflationary pressures in the euro area, the big problem child of the monetary authorities. In February 2011, consumer prices rose by 2.4 percent in the euro area compared to the same month last year. The inflation rates for January 2011 (+2.3 percent) and December 2010 (+2.2 percent) were also located above the ECB's target of two percent. This is price stability risk.

"If we have a shock and we have a shock, then it is our responsibility to prevent second-round effects due to high oil prices," Trichet said at a press conference after the central bank's meeting on 3 March 2011. As is expected in the United States prime rate increases in 2012, the Euro is currently very popular with speculators. The growing interest rate differential between euro zone and the U.S. is considered particularly important for the EUR / USD price action.