Silver predicted to rise on safe haven buying, making greater gains than gold.
(1888PressRelease) July 21, 2011 - MIAMI, FL - Silver is likely to make similar, if not greater, gains than gold, according to many market analysts. Safe haven buying by investors concerned about national and international sovereign debt, applies to silver also. While around 60% of the demand for silver comes from industry, recent gains have been mainly attributable to investment buying. Silver saw a spectacular rise early in the year, followed by sharp losses in May; however it has since been steadily climbing back and seems likely to regain its previous high in the near future.
Percentage wise silver has outpaced gold in terms of gains and it is predicted to continue on this trend. The gold to silver ratio currently stands at around 39.8:1; in other words one can purchase 39.8 ounces of silver for the same price as one ounce of gold. While this is fairly close to the historic average, the overall trend suggests that silver should advance well in comparison to gold, continuing to outpace the yellow metal in terms of percentage gains. Many analysts are calling for a return to $50 levels for silver in the coming months and there is talk of the gold to silver ratio going as low as 30, which would definitely support prices at $50 and above.
"Silver is holding close to the $40 level and is predicted to go considerably higher," says Bill Hionas of Pan American Metals of Miami. "Investors see both gold and silver as desirable in terms of wealth protection."
Pan American Metals of Miami is currently showing silver up 63 cents at $39.80 an ounce.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine 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.
Silver predicted to rise on safe haven buying, making greater gains than gold. 
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