Silver is poised for a strong rebound, ending the bearish market that has plagued the precious metal since the spring.
(1888PressRelease) October 21, 2011 - MIAMI, FL - Despite a rumored slowdown in growth, China's economy is growing considerably faster than that of the US and demand for silver, with its industrial uses, is high. Predictions are that silver could be averaging $38 an ounce before the end of this year and reaching an average of $42 by the end of 2012. This would represent a gain of over 33% on its present price.
In addition to the industrial demand for silver, there is investment demand from those who want a cheaper alternative to gold, currently trading at a ratio of over 50 to silver. Silver offers similar safe-haven benefits to gold at a fraction of the price. Investors were frightened away from silver after it dropped spectacularly in April but silver has held its own since and, supported by both industrial and investment demand, the white metal is poised for a comeback.
"We expect to see silver regain its shine next year," says Bill Hionas, CEO of Pan American Metals of Miami. "There are many factors underpinning silver and many market analysts are forecasting a bull market over the coming months. With a rate of growth five times that of the US, China is a driving force when it comes to physical demand for use in industry."
There is also some physical demand for silver during India's wedding season and upcoming Diwali festival. Gold remains the preferred choice for gifts but silver is also popular.
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
Silver is poised for a strong rebound, ending the bearish market that has plagued the precious metal since the spring. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam