When people think about investing in precious metals, they think of gold. Gold is a phenomenal investment that holds its value. However, silver can be just as dynamic and profitable. Silver provides stability and wealth preservation. Here are some things you may not know about investing in silver.
The S&P 500 index rose 15.10 points, or 0.39%, to 3,886.81 points; the Nasdaq index rose 78.60 points, or 0.57%, to 13,856.30 points; the Dow Jones index rose 92.40 points, or 0.30%, to 31,148.24 points; on this week’s road. The index rose 3.9%, the S&P rose 4.7%, and the Nasdaq rose 6%, both their biggest weekly gains since November.
The price of gold futures for December delivery on the New York Mercantile Exchange rose 4.90 US dollars and closed at 1,951.70 US dollars per ounce, the highest closing price since September 18. This week, gold futures prices have risen by 3.8%, the biggest weekly increase since July 31.
The US Commodity Futures Trading Commission (CFTC) on Friday released a report, as of October 7 to October 13 the week: AUD see more willingness to cool; to see more gold willingness to cool down, gold speculative net longs decreased by 7,916 contracts to 240,671 contracts, indicating that investors’ willingness to be bullish in gold has cooled.
In the New York market on Thursday, the price of gold fluctuated upwards. Spot gold once rose by more than $26, refreshing its high since September 22 to $1,911.98 per ounce. Spot silver soared 4%, reaching a maximum of $24.168 per ounce. The dollar index fell to a one-week low, enhancing gold’s attractiveness to holders of other currencies.
In the past week, spot gold fell by more than 100 US dollars, and spot silver plummeted by nearly 15%. The market logic is very clear, that is, the liquidity panic in the context of the global epidemic, especially the worsening epidemic in Europe, the dollar index rose sharply, hitting two months high.
Russian scientists have created very unique nanowires in collaboration with Chinese and German scientists. The new silver nanowires were obtained using new methods for synthesizing nanostructures (materials or structures that have at least one dimension between 1 and 100 nm). The various sub-fields of nanotechnology focus on the creation, characterization, and application of nanostructures.
Precious metals have always been a popular investment among those looking for a hedge against inflation or for a way to decrease the volatility of their portfolios. Although silver is not commonly seen as a high yield investment, it can actually be quite profitable. If you bought silver in July of 2009, when it was worth around $13 an ounce, and sold it in April of 2011, when it was worth $47 an ounce, you would have pocketed a 260% return on your investment over 21 months.
- There has been an extensive surge in the gold exchange traded fund holdings and there is absolutely no shortage of momentum there. Investors are buying gold as there are many uncertainties heading into 2019.
- Global gold production is expected to be somewhat stable in 2019, with one analytical firm forecasting a fall of half a percentage point and another looking for a rise of less than that.
- Silver production declining 0.7% to 851 million ounces, Analysts look for declines in Asia, South America and Europe, but increases in Africa, North America and Australia-Oceania.
- Russia increase demand for gold as sales were lower in 2018 compared with the previous year. To a greater extent it was caused by the activities of Russia’s Central bank, “which was our most active client this year and which was significantly increasing its gold reserves,” says VTB Capital.
- Gold has been tracking steadily higher through December… On the low side, there appears to be good support at $1,265 and we expect plenty of buying interest around the 200-day moving average at $1,251.” Much of this increased buying pressure is being driven by geopolitical tensions threatening to disrupt global markets, along with uncertainty in stock prices.
- Is gold a sell, Gold prices are primarily getting support on the back of safe-haven buying due to concerns about the health of the global economy and heightened volatility in risk assets.
- Upbeat US data and signs of easing trade tensions between Washington and Beijing limited demand for the metal. Robust sales during the U.S. holiday shopping season indicated consumer confidence was not entirely dented by recent volatility in the U.S. stock markets.