Silver has always been much affordable than gold. It is known as the “Poor Man’s Gold”. There is a big difference in the prices of gold and silver. Silver can be traded between $26/oz and $50/oz while gold sells between $1500/oz up to $1900/oz. You could practically buy more than 50 ounces of silver with just an ounce of gold. So why invest in silver?
Do silver prices go up?
Analysts said that in the early 2011 up until September, silver’s trading price reached $50/oz. But in 2012 it decreased to almost only $30/oz. Because of this silver appears to be strengthening its pattern and predicted to reach even more than $50 at the end of 2012. Financial firms are always aware of these kinds of information thus giving us credibility in their predictions.
If you then plan to purchase silver today which is at $30/oz and the price would…
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