Silver prices have doubled over the past 12 months. On 10 June 2010 you could buy silver at around $18.25 an ounce. One year later, silver is trading at $36.20 an ounce. Experts are predicting that the demand for physical silver bullion and rounds will continue to rise due to fears of hyperinflation and further economic downturns. Because silver is a scarce, and much needed, commodity it is expected by investors to continue to rise in price over the next few years.
Because supplies of silver are required for industrial purposes, and reserves are limited, silver is emerging as the place to invest. Over the past couple of years, silver has been performing very well as an investment vehicle and looks set to continue its rapid rise as the precious metal of choice by investors.
Professional investors and economists are stating that silver is extremely undervalued on a historical comparison basis to gold, its more favoured rival. So, just how high will it go? Many astute investors are predicting that silver may reach $100 an ounce or more by 2012. I’m taking the lead from savvy investors like Warren Buffet, Bill Gates and Robert Kiyosaki who have been putting their trust in silver for some time now.
For information on how the ordinary man or woman can invest in silver for as little as $57.50 a month follow this http://www.silversnowball.com/3734/
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