Slowing global economic growth resulted in the head start of Silver this year after three decades. As people are investing more and more in this commodity for havens sake. The market is facing high demand of Silver and Gold due to speculations.
There is constant increase in the demand of silver in the local and international commodity markets. As o n Thursday, an ounce of gold was traded for 71.4 ounces of silver as compared to an average of 58 over the past few decades. This is the signal of strengthening of white metal.
Investors are investing more in precious metals owing to the reason that there will not be enough growth in U.S economy to offset the weakness in other country’s economies. Prices this week touched as high as $1,300 an ounce for the first time since August. Same scenario is expected to continue for some time now.