Will Silver Regain $15.00 An Ounce Soon?

Silver hit $15.07 an ounce last week while at the same time the gold/silver ratio »”>gold/silver ratio dropped below 65. At the time this looked like good news for a bullish run for the metal up to $16.

Even most technical analysts were of the opinion that there were strong indications that the upward momentum would continue although with some reservations that there might be some resistance encountered in the $15 – $15.50 range. Read more

No Slowdown In Silver Demand This Coming Year

Silver falls between two camps.

• On the one hand it is a precious metal traditionally used as money as the poor relation to gold and as such is bought by investors as a hedge against inflation, a store of value and wealth preserver in chaotic economic times.

Who would argue that we are not now living through just those times that have made gold and silver attractive financial safe havens in past turbulent eras. Will silver’s year ahead live up to this tradition?

• On the other hand, unlike gold, silver has an extensive and growing use in industrial applications.

Two of the most important are in medicine and communications.

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