Current value of silver: $45.72 per ounce
Tracking and predicting the price of silver on a short term and long term basis can be a tricky task. Knowing the price of silver today and predicting where it will go requires some intimate knowledge of how it is traded international and the state of certain large and powerful currencies. If you are thinking about investing in silver, you should consider doing some research about how international markets affect the price of silver per ounce. There are many resources you can use in order to do this research. In general, the price of sliver is fairly consistent from month to month. but this is not always true. There are periods in which the silver prices per ounce can fluctuate immensely from week to week. For this reason, silver is not always the safest form of investment, especially when compared to the trends of gold on the financial market.
The Difference Between Gold and Silver Investments
Chances are you have heard about investing in precious metals such as gold, silver and even platinum. Investing in these metals can be a good way to diversify your assets without incurring too much risk. There are some basics you should be aware of before you make the plunge and put money into gold or silver. The first thing you should know is that gold silver prices are not fixed. They fluctuate according to their standing on international money markets. But there is a difference. In general, you can rely on gold prices to be very steady over a long period of time, and the silver spot price can be highly volatile going from $40 per ounce one week to up to $55 the next.
Another notable difference between gold and silver is that gold is much more expensive than silver. Silver prices per ounce are usually only a fraction of the current gold price. For instance, the current value of silver is around $45 per ounce while the current gold price is around $1,800 per ounce. Because of this difference, if you don't have a lot of capital to invest in precious metals, you should consider investing in silver. It is a cheap way to get a foot inside the precious metal market without incurring too much risk.
The prices of precious metals can be linked to the state of international economies. For instance, during the beginning of the economic downturn in the United States, when most stocks were losing their value the prices of gold and sterling silver soared. This is because investors were looking to invest in something more stable than the stock market. As the economy begins to grow again, you can expect the prices of silver to lower once again.
Future Prospects for Silver
If you are considering investing in silver many experts claim that now is the time to act. It is projected that silver prices will rise significantly over the next 5 to 6 years. Some sources claim that silver can even reach a value of around $140 within that time period. So if you buy now and in a significant quantity you might be prepared to make a great deal of money off of your investment. But as with any type of investing, the precious metal market is not a sure thing, and there is a great deal of risk associated with investing in silver. We suggest that you keep close track of the price of silver on at least a weekly basis. And when you think silver has reached a good enough price, sell it for a profit.
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Phoenix, AZ 85006
TEL: (602) 261-1562
"I didn't know what do do with all this old jewelry I had lying around so I went to the wholesale silver center and I got cash for my old silver, and a lot more than I though I would get!"Todd White
"I'm a silver coin collector, and I was really impressed with their collection of coins. There were a few pieces I've never seen." Hilary Sigley
Current Value of Silver