Hey wats up friends..??

Its been long since I posted..so here I go…as we all are aware of rising silver prices..but whats the reason behind it increasing so suddenly and that too so steeply…and why only silver not gold…???????????

In 2007 commodity prices soared when there was actually a slowdown in the global economy. Then there goes a concept of USA Federal Reserve intervention that keeps track for all the currency reserves. For maintaining their own accounts, they keep on printing dollars which ultimately reduced the value of currency and increase the value of commodity in global markets. Silver remains valuable because it is in great enough supply to be useful as money. Silver is not only used as money and for jewelry. It has many industrial uses.. We need it for mirrors, medical devices, as catalysts in chemical reactions, in photovoltaic cells for solar-power technology, in rechargeable silver-zinc batteries, in household appliances and in high tech products such as cell phones and TVs. 45% of the demand for silver comes from the electronics industry alone. Increasingly, silver antimicrobial and antibacterial qualities are being used in many types of medical applications. There are many ongoing research projects on the use of silver based compounds for therapeutic and antibacterial purposes. Increasing industrial demand and application for silver forecast higher prices due to economic growth in China, India, Vietnam, and Brazil. Their growing middle classes are now demanding the quality of life and standard of living enjoyed by many in the West and thus the demand for silver will likely increase.

As gold prices continued to move higher, silver buying increased. People have now even shifted to silver as an investment avenue which earlier was limited to gold. Gold is harder to find and mine. Silver is relatively more abundant and can be consumed in industrial processes. The gold silver ratio has exhibited quite a bit of volatility. A higher ratio shows both gold strength and silver weakness. When the ratio declines – as it appears to be doing right now – it means silver is getting stronger. It should be noted that a declining ratio doesn't mean the gold price is falling. It could mean that both metals are rising, but that silver is rising faster than gold. If we see records for the past five weeks Silver had just soared 33% in five weeks. Gold only went up just 4% over the same period.

Summing up, the short-term signs appear bullish for precious metals market.The rates of silver are likely to drop up to Rs55,000 and again it may go beyond Rs70,000 in near future…

Go and get silver as soon as possible…It’s a very beneficial deal for future..

And I hope I was able to explain you with the relevant points..

Take care…have a great time…