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GEOS 111: Risk versus Reward in the Silver Investment Realm

With silver prices rising and declining there is much risk involved in investing. It looks like silver prices might be worth the investment. The price this year has been near $35.70 and with continual investment into silver mining it looks to top out at $50/oz. (Mining Weekly). However, metals prices fell Thursday due to Europe’s financial crisis.

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GEOS 111: Global Debt and Economical Lag take toll on Silver Market

While sliver and other precious metals such as gold, platinum and palladium are all monetary “safe-havens”, investors around the world don’t find them necessary in this time of economic drought. Within the past month, the silver market has had its biggest drop since 1980 (BusinessWeek). Edward Meir of MF Global’s observes that “until there’s some real fix to stem debt contagion, metals traders just aren’t going to be inclined at this point to make much of a bet on [precious metals]” (Barron’s).

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GEOS 111: Silver Prices Hit 30 Year High

Unlike gold, silver plays a major role in industrial manufacturing. Because of its superior electrical conductivity and relatively cheap price (compared to gold), silver is in high demand on the electronic front of technology. Silver can be used for batteries, brazing and soldering, bearings,and high-end electronics.

In recent years, the demand for silver in the solar power industry has increased significantly due to the rise in fossil fuel prices.

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