Silver gains popularity among investors amid economy fears

 

Worries about the challenge of reviving the sluggish US economy and dealing with the Eurozone debt crisis have prompted nervous investors to find safe havens to put their money.
Gold has been long considered a safe-haven asset, but investors are now being attracted to silver.
The BBC's Leisha Chi has been finding out why some bullion experts believe silver will outperform over the next few years.
 

http://www.bbc.co.uk/news/business-20954417 

 

Silver prices will go crazy as demand overwhelms supply: Embry

 John Embry, chief investment strategist with Sprott Asset Management, believes silver prices will go "ballistic" as demand massively outpaces supply while investor demand builds due to dwindling above-ground sources.

Speaking to King World News Embry notes that over the past half century billions of ounces in above ground silver have been consumed, with the precious metal serving as both as investment holding and key industrial material.
According to Embry demand far exceeds the amount of silver coming out of the ground or silver being recycled, and prices are set to go "crazy" as the skewed supply-demand relationship unfolds.
Although Embry remains immensely optimistic about gold and foresees a raging bull market in both gold and silver, he also expects the gold-silver ratio to decline as is typical during strong periods for precious metals.

 http://www.mining.com/silver-prices-will-go-crazy-as-demand-overwhelms-supply-embry-36227/

Silver price to 'increase 400pc in three years'

 The silver bull run will continue says investment specialist Ian Williams of Charteris Treasury.

 Silver will increase in value five times over the next three years, according to mixed asset fund manager Ian Williams.

"Silver is about to enter a sustained bull market that will take the price from the current level of $32 an ounce to $165 an ounce and we expect this price to be hit at the end of October 2015," he predicted.

"This forecast is based entirely using technical & cyclical analysis and is in keeping with the mathematical form displayed so far in the bull run that has taken Silver from $8 an ounce in 2008 to its current price of $32 an ounce – having hit $50 an ounce in 2011."

Mr Williams said that the silver price was more volatile than gold, but that he expected silver to continue to dramatically outperform gold.

The Charteris manager said that macro fundamentals were supportive for the silver price, such as the re-election of President Obama, who supports Ben Bernanke's policy of quantitative easing.

Darius McDermott of Chelsea Financial Services agreed that QE means good news for precious metals.
"Strong demand for precious metals will remain as long as we have QE, which do well with each round of money printing. QE is bound to lead to inflation at some point and at that time, real assets will do best," he said.
"Investing in a fund that holds a range of precious metals gives you positive diversification and less reliance on just gold."

  http://www.telegraph.co.uk/finance/personalfinance/investing/gold/4931726/Wanted-Someone-who-thinks-the-gold-price-is-going-to-fall.html

The silver series - Part 1

MASSIVE COMEX SILVER WITHDRAWAL ON FRIDAY- 3.6 MILLION OUNCES WITHDRAWN FROM BRINKS!

 There was a massive silver withdrawal out of the Comex on Friday.  Over the past week, there has been a steady increase in the total amount of silver in the Comex warehouses.

However, in one huge withdrawal, 3.6 MILLION OUNCES, a whopping 17% of Brinks total REGISTERED silver inventory was removed on Friday.  I have not seen such a large withdrawal from the registered category for quite some time.
Furthermore, this single withdrawal from the Brinks registered category was nearly 10% of all the total registered silver in the Comex warehouses.
NEW IMPORTANT UDPATE BELOW:  added at 9:53 pm SATURDAY

Brinks had a staggering 3.6 million ounce silver withdrawal (or 17% ) from its total REGISTERED INVENTORY on Friday.  There was an additional 558,390 ounces withdrawn from HSBC.
There were two deposits on the same day.  456,057 ounces was deposited into the JP Morgan warehouse and 1,176,937 ounces went into the Scotia Mocatta vaults.

 http://www.silverdoctors.com/massive-comex-silver-withdrawal-on-friday/

Who says silver is second best? Price streaks ahead 572% in the past decade - beating even gold as the top-performing commodity

Silver has zoomed up in value by 572 per cent over the past decade - outstripping the performance of all other top commodities, including gold.
Gold, which saw a 428 per cent price jump, was the second-best performer in a league table compiled by Lloyds TSB Private Banking.
The top duo were followed by tin (414 per cent), copper (406 per cent) and lead (344 per cent).

But there is a sting in the tail, because commodity prices have suffered an overall decline of 13 per cent in the past year due to fears of a global economic slump - and precious and base metals have fared worst with falls of 19 per cent in both sectors.

Some 15 of the 20 commodities tracked by Lloyds TSB have at least doubled in value since 2002, according to Lloyds TSB.
Silver proved the winner over 10 years because it is seen as a safe haven investment and is in high demand for industrial uses, it explained.

Commodity values in general soared due to the relatively weak U.S. dollar - in which most are priced - and strong economic growth in emerging markets as they become more industrialised and middle class.
The 161 per cent rise in overall commodity prices over 10 years dwarfs the 35 per cent return investors got from UK shares during the same period.
However, the sharp correction in commodity values in the past year highlights the challenges faced by those who invest in this volatile asset class.
Just six out of the commodities monitored by Lloyds TSB have posted an increase in value over the past 12 months.
The best performer over one year was soya with a 24 per cent rise. It only ranks around the middle of the 10-year league table, but supply problems in the U.S. have recently pushed up prices.
Wheat, corn and crude oil have also seen prices rise over one year - but coffee has almost halved in value due to changes in trading conditions.

Silver analysts' forecasts & commentary for 2012.

 Silver analysts' forecasts & commentary for 2012.

 silver (All prices in USD's)

↓	high	low	average	range
YTD actual at 21-Sep-12	$37.23	$26.67	$30.53	$10.56
Wolfgang Wrzesniok-Rossbach - Degussa Goldhandel GmbH	$44.00	$25.00	$35.00	$19.00
William Adams - Fastmarkets	$53.00	$24.00	$32.15	$29.00
Tom Kendall - Credit Suisse Securities (Europe) Ltd	$42.60	$24.20	$32.80	$18.40
Thorsten Proettel - LBBW	$37.00	$22.00	$31.00	$15.00
Suki Cooper - Barclays Capital	$45.00	$22.00	$32.50	$23.00
Ross Norman - Sharps Pixley Ltd	$50.00	$20.00	$37.35	$30.00
Rohit Savant - CPM Group	$35.00	$20.00	$27.00	$15.00
René Hochreiter - Allan Hochreiter (Pty) Ltd	$48.00	$28.00	$38.00	$20.00
Philip Klapwijk - Thomson Reuters GFMS	$45.05	$26.85	$34.20	$18.20
Peter Fertig - QCR Quantitative Commodity Research Ltd	$45.00	$25.00	$33.90	$20.00
Michael Widmer - BAML	$40.00	$25.00	$34.00	$15.00
Michael Jansen - JPMorgan Securities	$36.00	$26.00	$34.00	$10.00
Matthew Turner - Mitsubishi Corporation International (Europe) Plc	$45.10	$24.15	$32.95	$20.95
Jeffrey Rhodes - INTL Commodities	$50.25	$22.25	$36.25	$28.00
James Steel - HSBC	$38.00	$27.00	$34.00	$11.00
Frederic Panizzutti - MKS Finance S.A.	$50.00	$27.00	$36.00	$23.00
Edel Tully - UBS	$50.00	$24.00	$35.00	$26.00
Eddie Nagao - Sumitomo Corporation	$33.00	$23.50	$28.00	$9.50
David Jollie - Mitsui & Co Precious Metals Inc	$44.60	$19.20	$30.95	$25.40
Daniel Smith - Standard Chartered	$48.00	$26.00	$39.20	$22.00
Daniel Brebner - Deutsche Bank	$45.00	$26.00	$37.00	$19.00
Carl Firman - VM Group	$42.50	$24.10	$31.40	$18.40
Bhargava Vaidya - B.N. Vaidya & Associates	$48.10	$21.25	$29.20	$26.85
Bayram Dincer - LGT Capital Management	$50.00	$25.00	$42.00	$25.00
Average forecasts -	$44.49	$24.06	$33.98	$20.43
Anne-Laure Tremblay - BNP Paribas	$47.00	$24.00	$35.75	$23.00

http://www.lbma.org.uk/pages/index.cfm?page_id=142