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Invest in Silver: Silver Surges 2.9%; It's Just the Beginning says Smith McKenna, LLC – Press Releases

August 27, 2012 No Comments »

HOLLYWOOD, Fla., Aug. 27, 2012 /PRNewswire-iReach/ — The window for investing in silver while it's still cheap is quickly disappearing.  Last week showed signs of increased investor support and Europe easing as the euro rose against the dollar at over a 1% gain.  Just a few weeks ago, silver was at a cheap and humble $26/oz. and now it soared to over $30/oz.  If the support for precious silver continues as it's expected to, there could be a fast and quick catch-up to gold, closing the value ratio and likely hitting $50/oz before year's end.

(Photo: http://photos.prnewswire.com/prnh/20120827/CG62177)

Realizing gains from the precious metals market is all about having the right knowledge and position in the market.  Some of which has to do with owning the physical asset and the purchase price of silver; buy low and sell high.  Smith McKenna, a USA based precious metal dealer/broker that offers the cheapest yet most secure investment, is currently giving away a FREE book for a limited time to educate the public on crucial insider details before the next precious metal boom. Click the following link to reserve your copy;

http://www.smithmckenna.com/investment-guide

Stephen M Smith who is the managing member of Smith McKenna believes that this initial breakout in the silver price is just the beginning.  Last year the surge in precious metal prices was cut short due to natural disasters and other factors that hindered the economic growth outlook, however this year there appears to be no signs of them slowing down once they take off.

The European Central Bank has a policy meeting coming in September which could be a strong factor in the price of precious metals, especially with inflation on a lot of investor's minds.  Gold could easily reach $1,700/oz which would again be another factor to put silver in a spot to play a steadfast game of catch-up.

Investors purchase physical bullion as a strategy against inflation because it's a physical asset with real value versus owning a piece of paper.  Physical silver is used as an industrial metal and as an investment vehicle because of its exceptional properties tied to the precious metal market and global manufacturing.  A sharp increase in both areas could mean never before seen highs for silver.

Many investors became very wealthy by 2011 when precious metals were exploding.  Gold was in the spotlight then, but now investors are quickly learning that silver could be crowned king; especially if its expected surge in value of more than three times to that of gold occurs.  Last week's initial breakout is likely a sign of future trends and what's in store for the precious metals market.  Keep a close and watchful eye on the white metal as it's likely the ideal time to increase silver investments and for first time investors to learn how to approach the market.

To learn more about Smith McKenna, and how to invest in silver, visit:
www.smithmckenna.com

Media Contact: Stephen Smith Smith McKenna, LLC, 888-415-4909, ssmith@smithmckenna.com

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SOURCE Smith McKenna, LLC

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