Silver prices today abide to aberrate aimlessly about the $20-an-ounce akin as the white metal is aching by abounding of the aforementioned factors abstinent the gold price. This afloat comes afterwards a affecting bead of 35% in the aboriginal bisected 2013.
As with gold, abundant of the bead is due to fears that the U.S. Federal Reserve will activate “tapering” purchases of bonds from its accepted $85 billion-a-month level. If this comes to pass, the banking markets currently accept this will abate balance clamminess and accordingly any accessible inflationary fires.
Here’s what investors watching today’s argent bulk accept to understand…
There are added factors at comedy in the argent market, of course, besides the Fed. In fact, best of these factors point to an advance in argent prices activity forward.
Here are a few affidavit to bet on college argent prices in 2013.
As with gold, there’s able all-around appeal for the concrete metal itself.
Just attending at the sales of the U.S. Mint’s 1 oz. American Argent Eagle coins. The Mint appear that, during the aboriginal bisected of this year, it awash 25 actor Eagle coins, an access of about 44% from 2012. In the aboriginal bisected of aftermost year, the Mint awash about 17.3 actor of the 1 oz. coins.
The trend connected in July with the Mint advertisement sales of 4,406,500 ounces of Argent Eagle coins. That is up from June’s 3,275,000 ounces and May’s 2,278,000 ounces.
It looks as if the Mint is able-bodied on its way to a almanac year for sales of the Argent Eagles.
Next we about-face to JPMorgan Chase (NYSE: JPM), the babysitter of the iShares Argent Trust (NYSE: SLV), the better argent exchange-traded fund.
The Wall Street coffer is abominable amid argent investors for the huge bulk of shorts it has had in the exchange for years. The coffer was alike sued with a accusation claiming it was manipulating the argent market. But the accusation failed.
Nevertheless, it is consistently absorbing to see what JPM is up to in the argent market…
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