Stoughton, WI -- (SBWIRE) -- 01/30/2013 -- Economic reviews today suggest things are picking up a bit. Payrolls might be expanding more compared to they're contracting. Regrettably, separate reports also suggest that the UK's economic woes will have an adverse effect on the U.S.
The mix of good and bad news has the stock market and the gold and silver market relatively “steady,” without great motion in either direction.
Gold is buying and selling pretty steadily, but gold as well as silver bulls are a little “shaky” on technical grounds. In spite of the fact that gold and silver traded down slightly today, not much has changed in the big picture. So fear not.
Silver is practically immune from an accurate nosedive in value. The opportunity of returns continues to be high while the risk is still low.
Banks are still in a volatile state - especially with Bitcoins giving them a real run for their money - and investors are still hesitant to trust when it comes to banking institutions, regulators, and their cash assets. Therefore, precious metals have secured their placement as one of the most coveted investment choices of the decade.
For the month of January, we've seen a noteworthy spike of Silver ETF assets as investors add on to their own holdings, both physical silver and silver Exchange traded funds, more confident than ever that silver is on a strong path upwards.
Since mid-January, there was an increase of over 20 million ounces in investor silver holdings. However, there's been a bit of a sell-off in the past few days of about 2 million ounces. This sell-off has created the buy opportunity for investors who want to add to their holdings while a small price dip remains effective. Overnight prices strike a two-week low and also on Friday closed at a technologically bearish weekly low closing price.
Meanwhile, all of the forces that are set in order to push silver over $100 are just beginning to line up. Silver investment demand is poised to help keep things up long term, albeit with some short-term bearishness. Silver won't stay down for long; buy silver and gold on these dips while we still have them.
SilverDollar.cc , (http://www.silverdollar.cc), based in Stoughton, Wisconsin is a leading provider of Internet based content development and distribution services for commodities traders and investors in the precious markets, especially gold and silver.
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