silver articles

Michael Allan McCrae | April 26, 2013  Mining.com

This time around record gold and silver coin sales is investment driven, says James Anderson from GoldSilver.com.

"People see silver in the 20s and they think that is a great buy," says Anderson who is managing director of the bullion dealer.

Silver Getting Ready for a Breakout

The period of seasonal strength in silver is approaching. How is the seasonal trade lining up this year?

Equityclock.com notes that the period of seasonal strength for silver during the past 20 years has been from Sept. 16 to April 11. The “sweet spot” is from the end of October to the end of February. The trade has been profitable in 14 of the past 16 periods including 10 of the past 10 periods. Average return per period during the past 10 periods was 22.9%.

Is Silver the New Gold?

For many years consumers and investors have favoured gold, but persistently high prices mean the time has come for silver to reassert its credentials as a jewellery material and a store of value.

Silver Prices Surging on Near-Record Demand

The price of silver is surging and so is business at many coin dealers across the country. At Plaza Collectibles, an appraisals shop in Manhattan, owner Lee Rosenbloom says he’s seeing a tremendous demand both in new and older silver coins. “This is probably the strongest demand there’s been in the last 25 years,” he says.