We have tried to provide you latest news and live rates pertaining to traders with an interest in silver as a commodity trading tool. Through this post we will also publish a silver review that will forecast price chart movements.
Silver is a commodity that is traded 24 hours a day in the world’s market centers – London, Zurich, New York, Chicago and Hong Kong. The price of silver is determined twice a day in London known as "London Fixes" which is the guidepost for the official silver trading around the world. The above chart is courtesy Kitco which is providing live 24-hour spot gold chart from New York, London, Hong Kong and Sydney. Chart is created every two minutes.
Silver is great in demand by virtue of the Silver being valued as a precious metal, and it is used to make ornaments, jewelry, high-value tableware, utensils (hence the term silverware), and currency coins. Today, silver metal is also used in electrical contacts and conductors, in mirrors and in catalysis of chemical reactions. Its compounds are used in photographic film, and dilute silver nitrate solutions and other silver compounds are used as disinfectants and microbiocides. While many medical antimicrobial uses of silver have been supplanted by antibiotics, further research into clinical potential continues.
Here we provide you the real time/current silver prices, silver price charts in US dollar per ounces, silver prices in Indian rupees (rs) per grams and kilos, live silver prices, silver price per ounce, silver message board, silver discussion forum, silver news & reports, silver and precious metals research.
The value and price of silver varies depending on various factors. Some of these factors are: A primary factor affecting the price of silver is the available supply versus fabrication demand. In recent years, fabrication demand has greatly outpaced mine production forcing market participants to draw down existing stocks to meet demand. As these available sources continue to decline, silver's fundamentals continue to strengthen. However, since silver is a tangible asset, and is recognized as a store of value, its price can also be affected by changes in things such as inflation (real or perceived), changing values of paper currencies, and fluctuations in deficits and interest rates.
4 Ways to invest in silver
- Buy silver Stocks in international market.
- One can Invest in silver Futures by trading in commodity market.
- One can buy silver Bullion, such as silver coins or silver bars through trusted branded jewel shops like Reliance gems, Tanishq or through any of the listed banks as these days all banks are providing gold related components.
- Invest in silver Exchange Traded Funds (EFTs) and same can be undertaken as a systematic plan.
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Last but not least just remember that as and when dollar price strengthens the price of gold and silver gets subdued as investors park their funds in dollar denominations to hedge against global uncertainties and thus it makes sense to keep an eye on prevailing rates.