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Gold/Mining/Energy : Silver prices

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From: Julius Wong	1/3/2011 10:59:04 AM
	1 Recommendation of 8010

Top Silver Producing Countries and Companies by David Hunkar January 03, 2011 about: IPOAF.PK / SLV The price of silver closed at over $30 per troy ounce on Friday up from $16.822 at the beginning of 2010. From a recent Wall Street Journal story on silver: Among the four major precious metals—the others being gold, platinum and palladium—silver is up 74% this year, on track to be the second-best performing commodity after palladium, which is up 86%. Gold, by contrast, is up 26% and copper just under 28%. Prices are rising despite oversupply and a lackluster recovery in industrial demand. Many analysts expected those factors would keep a lid on prices in 2010. What they didn’t expect was an overwhelming flow of money into the market from investors eager to ride a commodities rally. Silver closed at an all-time high in January 1980 at $48.70 an ounce, or $129.32 adjusted for inflation. Read More seekingalpha.com

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