Investors have been hearing a lot of crazy figures related to silver in recent reports and recent months. Some experts have even predicted the price of silver to rise to $500 per ounce; although this figure is probably rather optimistic for silver investors, it is just an example of the potential that financial analysts have detected in the silver market, already raising in price by over 80 percent between January 4th of 2010 and December 31st of 2010. The price of silver currently sits around $32.79, representing a sharp increase, but allowing a great deal of room for growth. Most precious metals yield profits of 10 to 20 percent each year; however, silver quadrupled the high end of this range in 2010.
Silver is on the verge of a bull market and will undoubtedly garner similar returns in 2011; however, the $500 per ounce figure is quite ludicrous. Investors can anticipate great profits and returns from investments in the silver bullion market, which is currently experiencing weekly profit yields of about two percent, almost double the annual yield of CDs. During the height of the Egyptian crisis, investors saw a 7.7 percent increase in the price of silver, so it is evident that silver is on the rise and here to stay, whether the economy is good or not.
In fact, silver is not only the most versatile of all metals in terms of properties, but also the most versatile of all metals in terms of investment. Like platinum bullion and palladium bullion, it has many industrial applications, lending to profitability in a healthy economy; like gold, silver is also an excellent hedge against inflation, lending to profitability during times of socioeconomic crisis, epitomized by the dramatic spike in the price during the Middle Eastern crisis.
Buy silver bullion from Monex is the safest and most guaranteed source for your purchase, ensuring authenticity and purity. Silver is the ideal investment, given the national attention to it that has increased demand, relatively low output of capital for cash-strapped investors, flexibility, and its capability to provide profits no matter which way the economy turns. In an uncertain economy, with no one entirely sure whether we will see the recession will deepen or turn around, it is important for investors to find investments that will work with every fluctuation in the economy and silver is the only investment that can provide investors with this safeguard.