"Silver will enjoy significant gains in 2012"
(PRWEB) April 11, 2012
Supply and demand is still the major contributing factor for silver. As the major countries are rebounding from past economic hardship, and 2012 is without the major disasters experienced in 2011, GDP growth is going to dictate the commodities pricing to new highs.
Stephen M Smith, of Smith McKenna LLC, believes that silver will enjoy significant gains in 2012, and that the dynamics of precious silver could drive it into the triple digits per ounce by as early as Q4 2012.
The United States and Germany alone have seen surprising yet gratifying 2012 progress in the stabilization and growth of the economy and jobless rates; spurring demand and thus supply.
On Saturday, over the holiday weekend, the gold jeweler strike in India was lifted which also spurred the rise of gold after their three weeks of protesting a new levied tax.
Smith, who provides his clients with some of the lowest spreads in the market and ongoing expert METALS advice, has noticed a few key reasons that precious metals will continue to be an excellent choice for investing throughout 2012, and why you should be weary of Wall Street and others only looking to capitalize themselves on the boom in precious metal commodities.
Smith adds that silver is going to be demanded more and more as manufacturing and raw silver are needed in increasing levels; something that was previously hampered by economic strain.
Silver is on par to maintain rises due to recovery of the economy as well as ongoing investors driving up the price of gold. Silver could very easily surpass last year’s high of $50 an ounce in the near future through increased investments and an economic rebound in the leading countries.
About Smith McKenna, LLC:
Smith McKenna is a broker/dealer of gold, silver, platinum, palladium and copper bullion. It provides research reports, investing advisement, and newsletters to their members in order to maximize gains. Client advice is based on research, current events, and technical and market psychology trends.
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