What is the specificity of investing in precious metals?In some cases, it would be beneficial, and in which - not?These and other similar questions are of interest to many of our compatriots.In particular, the current dynamics of the price of silver and the prospects for its future course.Let's try to weigh the "pros" and "cons" about investing in the metal.
What the experts say?
Analysts warn that the growth dynamics of the price of silver is associated with a high level of risk, since the volatility of the price of the metal is very high.Note that the supply volume of the metal as compared with the conventional gold, at times less, and the average spread value varies in the range of 25-35% (on gold does not exceed 5%).Investing in Silver - a risky event.However, where there is greater volatility, you can not only lose, but earn decent.Since silver has numerous banks, it is much cheaper than gold, and if you keep track of his course and to take into account the specificities of its conduct in relation to the dynamics of the major currencies, the investment in the metal will be quite a profitable investment.
Silver prices: the dynamics of 2013
Let's start with the facts.If you look at a chart of the metal this year, at first glance it may seem disappointing.Since the end of January, when the maximum price is several times higher than the level of $ 32 per ounce, the dynamics of the price of silver to the end of June this year was directed downward.June 23 the price of the metal dropped to $ 18.18 per ounce.After reaching this minimum price dynamics for silver headed north.This trend did not last long, since the 19th of September (repulsed from the level of $ 23.44), the price of the metal began to decline again.A December 4 the price of silver fell to $ 18.89 per ounce, and then went up again.For how long?It all depends on how the next few years will be to develop global industry, as well as the stability of the currency market.
Prospects
In late November, UBS analysts have worsened its forecast for gold and silver.According to them, in the foreseeable future growth of these precious metal catalysts are absent.Experts believe that in December of this year, the price of silver will fluctuate around $ 19 per ounce, and in the next three months prosest to the level of $ 16 per ounce.Does this mean that investing in silver is now profitable?The answer depends on how long you plan to carry out investments.Note that, since the 19th century, silver, actively used in the industry, which seriously affects the level of its reserves in nature.Just 113 years ago, they accounted for 12 billion ounces.In 2007, their level fell to 300 million, and if the current rate of consumption of the metal will remain unchanged, by 2020, all stocks of silver may eventually dry up.That is why in the next decade, the dynamics of the price of silver can show a sharp increase.Thus, investing in long-term investment in this precious metal is profitable, but it is worth to wait a few months to ensure that the downward trend came to an end and regained a positive trend.
