25These Factors Point to Considerable Upside for Silver Prices
Since the summer of 2011, silver prices have fallen by roughly 70%. But since the beginning of October, prices have rebounded. Currently trading near $15.75 an ounce, silver prices have climbed 8.6%.
There are a number of factors that will contribute to the resurgence in silver prices: China’s addition to the LMBA silver benchmark-setting process, and the slowly improving U.S. economy.
China Helps Boost Silver Prices?
China, the world’s largest producer and consumer of silver, is about to have a little more.