As it was informed by "Market Leader (US)"
Silver: what will be the future prices on the precious metal?
As soon as on Monday silver exceeded $30 per ounce for the first time since 1980, traders and analysts started questioning the bullish tendency.
Silver and gold have been popular with investors as safe assents under the long-lasting crisis in the Euro zone and the perspectives of the Fed Reserve’s further quantitative easing. Moreover silver is also popular with investors because it is used in industrial production.
Despite the fact that gold has recently reached its record-breaking price level, which is $1430 per ounce, silver has “defeated” gold in terms of profitability, i.e. $100 of investments will bring $180 (+80%) for silver and $130 (+30%) for gold.