Silver is close to yearly highs

21 Apr 2016
On Thursday, April 21, silver prices were close in morning trading to an annual maximum in the forefront of the strengthening demand for the metal in China. During the sales the price of silver reached a daily peak of $ 17.39 per ounce, before retreat to the level $ 17.33 per ounce.
The value of pricing proportion ‘gold / silver’ now stands at 72, which is seen as a favorable indicator for silver.
Although both metals have been rising in price since the beginning of the year, the silver shows stronger dynamics, mainly due to the fact that it is both precious and widely used in the metal industry: the rise of prices for industrial metals since January has also improved investment prospects for silver.