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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