An insatiable hunger for silver in early 2012 has increased its percentage price gains above that of most other highly regarded precious metals, including gold, platinum and palladium. As the first quarter of 2012 draws to a close, silver’s price has increased by approximately twenty percent.
When it comes to investment, silver bugs aren’t discriminating against any of the many forms in which it can be acquired. Global investment in silver ETFs has already increased by ten million ounces over the 2011 year-end figure. Strength in physical silver market demand continues the 2011 trend. Investors appear bullish on silver, as evidenced by a two-fold rise in net long positions on the Commodity Mercantile Exchange.
According to a report, authorized by the Silver Institute, (a non-profit silver industry organization) forecasts for increased industrial silver demand could exceed 35% by 2015. Positive industrial demand growth, although somewhat dependant upon improved global economic conditions, is bolstered by silver’s incapacity to be substituted for rapidly expanding industrial applications.
http://www.silverinstitute.org/site/2012/03/08/silver-proving-its-mettle-in-2012/
