Tuesday, 4 March 2008

Price of Silver soars

When we think of "commodities", we think of diamonds, gold, orange juice, oils, corn etc. Very rarely do we think of Silver. Well, silver is a form of commodity trade and as such is subjected to the fluctuation of global economy. If you are ever so slightly exposed to economic news as of late, you are probably aware that the global economy is going through a slight turbulence, triggered by the major powers i.e. U.S. and U.K, , started with the housing market (sub-prime mortgage) and oil prices. That naturally snow-balled to other parts of trade - Silver. Here's a quote from an analyst on silver - "Our fundamental view on silver remains bullish for the next few years, until we begin to worry about new mine supply from primary silver mines, as well as from byproduct silver from other new gold and base metals mines." All this is to say that you will start to notice a rise in Silver jewellery prices, if not now, in the very near future. So either buy your silver jewellery now or be prepared to pay a higher price for your future purchases.

You can rest assured that at Jacqueline Potter Collection, we are holding the prices of our Silver jewellery for as long as we can.

If you would like to read up more about the future of silver, here's an article from CNN Money - read article.

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