Silver Prices Per Ounce History

So what is a better investment gold or silver? Many people might say that gold, but in truth, the money can be increased tenfold compared with the gold. Many analysts believe that silver prices could reach U.S. $ 400/oz in the coming months. First, we discuss some historical performance of silver versus gold. Between 1970 and 1980, gold prices increased from the Bretton Woods fixed price of $ 35 per ounce at an unprecedented 850/oz. This represents an increase of 2329% in ten years.

During the decade between 1970 and 1980, silver prices rose from U.S. $ 1.5 an ounce to almost $ 50 per ounce. This represents an increase of 3233%. At this time, silver prices hover in the range of $ 17 per ounce. Imagine, the price of silver soared to about $ 400 per ounce in the coming months. This will be an unprecedented gain of more than 2,000%. So do not miss this opportunity to invest in silver now! Now, let me explain why this unprecedented increase in the price of silver can occur. You see, in comparison with gold, silver has more industrial applications. As the global economy begins to expand again this year, demand for many industrial products will grow. Silver and gold is only available in limited quantities. As you can imagine what happens when demand increases but supply does not! This increase in demand for silver will be caused by the growing demand for consumer products for consumers around the world. Industries that produce products that will drive the price of silver skyhigh. Silver and copper are the best conductors of electricity. Just take a look at your house.

You will be surprised to learn that there is money on all televisions, washing machine, wall switch and refrigerator. Conductors, switches, fuses and contracts for use of silver as it does not corrode or cause overheating and fires. Silver is widely used in photography and prints. With the rise of digital photography using silver in photography could decrease. However, new uses and exotic silver are expanding. So we continue to see the use of silver in a wide range of products and industries. Now take a look at your computer, every computer, server, monitor, cell phone and the switch has silver. Lasers, satellites, high-tech weapons and robotics, all require silver. Digital technology and telecommunications silver. A new double layer of silver on the glass extends the market window, as it reflects away almost 95% of the hot rays of the sun. A new electronic application for "smart labels" that are replacing bar codes could use significant amounts of silver.

The money reaches the most brilliant polish of all metals and is the best reflector of light, allowing it to be used in mirrors and in coatings for glass, cellophane or metals. Chemical reactions can increase significantly through the addition of silver. Approximately 700 tons of silver are in continuous use in the chemical industry in the world for the production of plastics. The batteries are manufactured with silver alloys. Silver lead-free solder is widely used for joining materials and production of leakproof joints. silver prices per ounce is also widely used in silk-screened circuit paths, membrane switches, electrically heated automobile windows, and adhesives. Silver has a variety of uses in the pharmaceutical industry. Silver sulfadiazine is the most potent compound for the treatment of burns. Catheters impregnated with silver to eliminate bacteria. The silver is increasingly used for its bactericidal properties and water purification. In view of these industrial uses there is less money available. Silver has ten times more likely to skyrocket in comparison to the gold!