Wholesale Sterling Silver Jewelry from India
Wholesale Sterling Silver Jewelry from India
Wholesale Sterling Silver Jewelry from India
Subscribers. That’s because I’m seeing more evidence that the next big move higher in precious metals could start soon.
Sure, there could be another, deeper pullback between now and then. But don’t sit around and hold your breath waiting for it.
Why? Because there are powerful forces lining up to push gold to my next target of $1,710 and silver to my next target of $43.50. These are the next signposts on gold’s trek to $2,000 an ounce and silver’s surge to $50.
This week, I want to look at just SOME of those forces in silver:
1. Indian Silver Demand Is Getting Stronger. India is the world’s biggest market for precious metals. But thanks to high gold prices, more people are buying silver — both as jewelry and as investments. The majority of silver in India is used in production of ornamental items such as jewelry, utensils and gift articles.
“Silver has emerged as a fashion statement as many people find it difficult and unrealistic to buy gold jewelry at these high prices,” John Luckose, who runs a small-time gold and silver jewelry in Kochi, India, recently told reporters.
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![]() | Traditional Keychain Indian Jewelry From India Sterling Silver Key Ring Apparel (ShalinCraft) (Amazon.com) List Price: Price: $111.86 You Save: $33.56 (30%) Apply silver polish when oxidized. Net Weight : 11 Gram Sterling silver 925 |
5 Forces Driving Silver Higher
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Silver lures Indians as gold goes ballistic
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Silver breaches new frontier in India but imports fall Analysts have said that though silver is also used widely as an industrial metal, it is the demand for silver jewellery that is driving the prices. They added that any change in India's and China's consumption influences silver prices. |
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Metals & Mining Industry Outlook - March 2011 Gold demand went up 9% over 2009, showcasing a 10-year high of 3912.2 tons, driven by the rise in jewelry demand, the revival of the Indian market and strong momentum in Chinese gold demand. Moreover, central banks became net purchasers of gold for the |
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