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related
also:
 Silver
Futures Market Facts
Silver
trading has been appealing to the investor for a number of
reasons over the years.
It been used as legal tender, and, prior to the 1900’s the
silver standard preceeded the gold standard. Silver is considered
one of the precious metals, and like gold,
signifies prestige yet with a purifying element. Its appeal
owing to the range of products it goes into making.
Properties of the metal are that it has high
reflectivity, and high electrical and thermal conductivity.
The current market applications form an array that include the making
of solar cells, mirrors, electronics (solder
and contacts), restorative dentistry (amalgam) and jewelry and
silverware, coins and metals, and for certain medical purposes.
Silver is used to make rods in nuclear reactor cores. Its integral
role in photographic film however is diminishing, a demand trend
that is expected to continue.
While overall utility demand should remain strong, in large-part,
based on jewelry buyer sentiment.
World Production: main sources of mining output come from the
countries of Peru, Mexico, China, Chili and Austrialia - with
2007 production falling in that order. Silver is often mined
and found with other metals such as copper, lead and zinc that
it naturally accompanies.
The increase in silver prices in the years 2008, 2009 and
2010, have provided reasoning for mining companies to re-evaluate
prior operations that have since been closed. As a result, given
the substantially greater
ounce returns,
and prospective profitability, mines have been re-opened such as
those located in Mexico and elsewhere.
Besides silver futures on the COMEX, which merged with the NYME – New
York Mercantile Exchange in 1994 as a commodity futures exchange
- trading also occurs on CBOT – Chicago Board of Trade.
Other investment opportunties are in the form of bars, coins, rounds and mining
companies.
Forecast silver
futures prices and send us your thoughts.
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