on the markets for precious metals, it is the month beginning in March 2011 for further upside. Thus, the silver price rose to a fresh 31-year high. It reached an ounce (31.1 grams), the equivalent of 34.55 dollars. The price of gold rose to $ 1,428.63, marking a yearly high 2011th The clashes in Libya and a possible spread of the protest movement in Saudi Arabia have made commodities rise again.
Continued unrest in North Africa and the Middle East would drive new purchases in the first place in the gold market, said Frank McGhee, the head dealer of Integrated Brokerage Services news agency Bloomberg. The rapid movement towards a sustainable economic recovery is slowing. An oil price above the mark of 100 dollars per barrel (159 liters) would act like a tax on energy prices.
Once again, the silver price down significantly more than the price of gold. Shall apply the silver market as speculative and has over gold with a lower liquidity. Silver has been the financial crisis of 2008 in percentage terms increased significantly more than the yellow precious metal. The silver price increased from 8.45 to $ 34.55 between 28 October 2008 and 1 March 2011 (+306.86 per cent).
Gold rose over the same period from 681.50 to $ 1,428.62 per troy ounce (+109.63 per cent). The price ratio between gold and silver has fallen in recent years, which reflects the average performance of the silver price again. In October 2008 you could buy an ounce of gold or 80.65 ounces of silver. Currently you get 41.35 ounces of silver for one ounce of the yellow precious metal.
Chart Technically, the silver price could climb up to its all-time high of $ 50.35 per ounce from 1980. However, many investors prefer the less schwankungsanfälligere gold, as losses and corrective movements are lower compared to silver.
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