Finance

 


Silver Set to Rally

Silver expected to rally in 2013



11.06.2013 16:28:02 - Sonata Financial analysts suggest buying silver and staying away from gold.

(live-PR.com) - As precious metal investors run for cover after experiencing massive losses in gold and silver, June may be a good time to get back into silver. Spot the point of maximum pessimism in any market and you have the best point of entry. At $21.5 an ounce, silver could certainly yield impressive returns over the coming months. After plummeting more

 

than 30% from its January highs, technical indicators suggest that the gray metal is due for a rally.

Historically silver prices are lowest in June and recover through the end of the year. Though this is no guarantee that silver will recover, it is highly likely that the bottom is very near its current trading range between $21 and $22 per ounce.

Sonata Financial analysts have watched the demise of gold and silver very closely, and though gold still may have a way to fall before recovering, analysis indicates that silver is very near bottom. Strong support for silver at its current trading levels and an intact uptrend both hint at a strong recovery in the coming months.

The demand for physical silver is far greater than investment supply compared to gold. In recent weeks, for every one ounce of gold purchased nearly 50 ounces of silver have been snatched up. Compared to the ratio of available supply which is only 3 to 1, this indicates strong demand and an imminent rally for silver compared to gold.

With all of this considered, there could be a shortage of silver in coming months driving prices skyward.


Press Information:
Sonata Financial

Via Senigallia 18/2
Torre A, Milano 20161
Italy

Contact Person:
Mark Paladino
PR
Phone: 390236311974
eMail: eMail

Web: http://www.sonatafinancial.com



 

Disclaimer: If you have any questions regarding information in this article please contact the author. Please do not contact Live-PR.com. We are not able to assist you. Live-PR.com disclaims content contained in this article. Live-PR.com is not authorized to give any information about content and not responsible for content posted by third party.
refer this article
Print This Article
Terms Of Use Privacy About Live-PR.com Contact Us