Saturday, June 24, 2006

Selling Silver

Silver has been on a steady uptrend in value for some time and the question is often asked, when should one be selling silver?

It is difficult to say when or if silver will stop rising in value. Silver is currently in short supply around the world and although the use of it has dropped in photographic paper due to the prolific increase in digital photography around the world, demand from China and other Asian nations has increased markedly over the past few years and this is set to only increase.

The increasing demand for silver affects all holdings of silver from mining companies to bars and even silver coin collections.

As the value of silver rises so the value of a silver bullion in the form of bars and coins continues to increase.

It seems unlikely that the long term up trend in the price of silver will slow down or even fall any time soon.

Some experts predict the price of silver will climb to a good 30 US dollars or so an ounce, making many silver coin collectors around the world overjoyed to say the least.

In the 1980s the value of silver peaked at around 20 US dollars per ounce. This was a one off and the value dropped after that. Now it is on a slow steady increase and looks set to reach that by the end of this year and next year? Who knows?

Selling silver would seem, at this time, not to be the best option and I, for one, will be holding on to my silver for many years to come.

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