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  • Silver Prices to Break $40, Industrial Silver Demand to Increase

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    July 14th, 2011mwatsonMoney and Finance, Uncategorized

    Silver is trading at a $39.33.  I have been writing for months now that I thought silver will be back over the $40 an ounce.  Only a few weeks back I was buying silver around $34 and a APMEX coupon was available for $.99 over spot, making it a great deal at the time and even better deal now for those that bought.  I do expect some resistance and profit taking, but hopefully we reach the $40 an ounce mark before that happens.  I know most are flocking to gold as a safe haven, but I believe silver will rise with gold.  Silver’s cost of entry is also way more affordable.  Industrial demand for silver is increasing.  Industrial demand for silver is expected to rise to 6,600 metric tons according to reports.  A whole bunch of new applications for silver are popping to utilize silver’s unique properties.  This includes big industries like energy, health care and water purification to name a few. Outlook is strong for silver in my opinion and a solid long term investment.  Get a deal on your pure silver bars or silver rounds at APMEX coupons.

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