(1888PressRelease) September 06, 2011 - MIAMI, FL - Silver and Platinum Likely to Share in Benefits of Safe-Haven Demand says Pan American Metals of Miami White metals see more investment demand.
Silver and platinum may be about to share in gold's buoyancy, according to market analysts. Gold proved itself exceptionally volatile over the last few days, moving over $65 in price in a matter of hours. At the same time, the Swiss Franc, one of the few rivals to precious metals as a safe haven, fell sharply.
While gold has been the safe haven of choice out of all the metals, silver and platinum are also seeing more investment demand, with less volatility. Generally, the white metals have something of a split personality, not always able to decide whether they are a precious metal or an industrial one. Currently, palladium is the only precious metal that is not reacting to the desperate search for safe havens. Silver, in particular, is likely to benefit if gold becomes overstretched; arguably if gold reaches $1925 or above. At this point the cheaper price would make silver very attractive to investors, while also persuading many investors to switch into precious metals from alternate havens such as the Swiss franc.
Silver obviously offers a more accessible entry point for many investors and does share in many of the factors that are supporting gold at present: concern about domestic growth, fears of a double-dip recession and renewed worries about debt issues in Europe.
"We would definitely expect to see a continuing upward trend in silver and platinum," says Bill Hionas of Pan American Metals of Miami. "These metals are benefiting from investment demand in much the same way as gold." Pan American Metals of Miami trades in gold, silver, platinum and palladium.
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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.
White metals see more investment demand. 
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