Wednesday, June 1, 2011

Silver prices collapsed

The price of silver fell by 12% after prolonged growth, as anticipated by the Soros Foundation. It is reported on Friday, May 6, Herald. The price of silver, which beat the record of the last few months, suddenly fell by 12%, pulling a gold, which lost 3% on the stock exchange on Thursday. The sharp decline in the value of precious metals has caused excitement in the world markets: Investors were quick to dispose of assets in gold and silver. With just a few days earlier, analysts noted that billionaire George Soros began to sell gold and silver. After the grand falls on Thursday the value of precious metals began to rise slightly on Friday, May 6. Fallen in the price of silver futures on the Exchange COMEX, traded at $ 34.27 in morning trading, rose to $ 35.55. As participants of the market, so the sharp decline for the last time it was recorded in 1980. The price of silver reached a maximum level in more than 31 years April 25, 2011. Then he quotes have risen to the level of $ 49.820 an ounce. Now silver on COMEX has continued to become cheaper and traded well below $ 40 per ounce.

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