Silver Prices Up

The recent media reports on inflation increases in China, situation in Egypt and now Bahrain has largely focused investors’ attention on gold and oil as safe heaven. As we normally specialise in buying silver from the public we thought it would be a good idea to point to you out the fact that as the reports do not really mention silver it actually is doing quite well. In fact recent dynamic rises have lead silver to reach its highest price in nearly 30 years. The spot price of silver was set at $32.45 an ounce on Friday. Whoever invested in silver 12 months ago has doubled his or hers money. Interestingly, data gathered by Danish Saxo Bank indicates that since the news about unstable situation has been more intense silver has so far outperformed gold by over 12%. The main reason for that is that gold is generally mainly used as an investment tool and does not have as many commercial uses as silver. In the meantime let’s keep our hands on the pulse and wait for some more information on the current situation in the Middle East and its impact on commodity prices. So long as there is instability in the political situation the prices will keep on rising but it is pretty common for the trend to be corrected at one point and since the price is actually at its highest levels in 30 years we’re more than proud to offer the best rates for silver in the UK. We are so sure that you will not find a better deal that we offer you a full price guarantee.