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This time the increasing debt of the US of over $22 trillion and a slowdown in the economy have forced the Fed to buy precious metals like Gold, and such an increase in demand may prevent a sharp fall in the price of precious metals.
Also, the mining firms have lower resources, the cost of exploration is increasing, and new mines have not been found. Regarding the market outlook, the price of silver UK is set to form a lower base at 17.50.
Experts say the white metal is historically at its lowest levels compared to the yellow metal, making the investors target over $1500 for the yellow and $20 for the white.
The ratio of the two was at historically higher levels of 93:1, and the investors are calling for 75:1. Now the ratio stands at 84:1, and still, the investors are optimistic about getting a better ratio, where the white metal may gain over 2 per cent when the gold gains 1.
Currently, the price of silver UK is 28% higher than May 2019 rates, while certain precious metals have made explosive gains in the last few weeks.
The precious metals are catching a bid due to the decline in US yields, which may force the Fed to cut the rate.
The global economic situation in Europe is undergoing macro bears with negative-yielding debts, making such options attractive. Central bankers, money lenders and other financial organizations are allocating to such metals due to this reason.
There is an alternative view to the ratio of the two metals where some believe the ratio may increase again, as seen in 2009 when the ratio was 70 to1.
The ratio remained at 50 to 1 in the last century, and sometimes, in between, it was at 16 to 1. In 2011, it was at 32 to 1. For this reason, people who bought in 2009 and sold in 2011 gained over 385% due to the change in price ratio.
The price of silver UK may peak as it is growing with the yellow counterpart and then continue to dive to lower than $15 an ounce, as it was some months ago, when the ratio was 89 to 1, and the price of the yellow metal was $1,270 per ounce.
Pure silver jewellery may contain is 99.9 per cent pure composition of the element. Precious metal jewellery is mixed with other elements that make it harder. Sterling silver contains copper, which is durable and hard.
Due to the presence of other metals, jewellery made from it can tarnish easily. There are other versions, like German and Russian versions, where the purity level can be lower, in the 80% to 90% range.
In the last few days, the price of silver UK surged where the September contract for the white metal was 16.5 cents higher to $18.318 an ounce, and the contract for December ended at $18.456 – which was the highest for one of the most active contracts in the last two years, while, the spot price was held at $18.32.
To learn more about silver trades, click 99 Alternatives at (http://www.99alternatives.com).
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