Increased investor confidence helps precious metals re-emerge as a safe haven.
(1888PressRelease) January 13, 2012 - MIAMI, FL - Silver prices broke back through the $30 barrier Wednesday on increased investment demand as global economic factors appeared more positive and precious metals bullion re-emerged as a safe haven. As 'poor man's gold', silver offers investors a more accessible entry point into the precious metals market and the potential for growth is considerable.
Demand for silver coins has also been high. Last year alone, the total amount of silver mined in North America was used for the manufacture of silver dollars by the US and Canadian mints. All silver needed for industrial purposes therefore must have been imported. Increased growth in global economies means that the demand for silver from industry is likely to increase this year also.
"Silver benefits from both investment and industrial demand," says Bill Hionas, CEO of Pan American Metals of Miami. "While silver is most commonly associated with jewelry, coins, ornaments, and utensils, its unique chemical properties give it a wide range of utility. It is also used in electric contacts and conductors, as a catalyst in chemical reactions, as a natural micro-biocide, and in high-end audio equipment."
Silver tends to be more volatile than gold but it remains a viable alternative with a great deal of upside potential. Many market experts feel silver is poised for a major rally. Pan American Metals of Miami was showing silver a few cents shy of $30 an ounce, Wednesday. Clients interested in taking a position in silver bullion should contact the investment team at PAMOM for further information.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Increased investor confidence helps precious metals re-emerge as a safe haven. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam