Year of mine output of gold control in 80 million ounce, and the mine output of silver is close to 600 million ounce, but calculate with current price, year of income of gold mine product 8 times be silver. Why gold is so high, and is silver cheap however? Because gold is a money, and silver basically is commodity of a kind of industry. Although silver also is used to sometimes,should make a money, but the chemistry of silver and physical feature make it does not regard a kind of money as asset than gold acceptability. In the meantime, silver oxidizes easily, and the amount should compare gold many much.
Annual the production demand of silver exceeds 800 million ounce, have 40% among them the left and right sides is used at industrial demand, 20% above are used at taking a picture, 30% use at gem, remain (be less than 5%) use at money kind with medal.
Because annual production requirement exceeds mineral products supply, so silver investor believes future can have higher price. However, because industry is mixed,should occupy according to photograph application annual the 2/3 left and right sides of silver consumption, production demand had main effect in silver market. Accordingly, silver price special rely on annual production requirement. Final, the abidance of economy of other part of North America and world grows price of meeting help silver to keep driving, appear possibly rise, and no less, economic decline also is deadly to silver price.
If we watch the gold with dollar valuation and silver price, if both is the word that fixes a price with the money, so what begin from 90 time initial stage is relatively driving should be consistent to both influence, their technical chart also should look be likeness. But be not actually such.
Actually, 90 time when, the expression of silver should compare gold many good, because be in,the during high-tech flourishs demand of 90 time later period supported silver price. After high-tech flourish scene is undone, silver is in 2001 sufferred next defeat to 2003, and during this gold price rebounds strong. Begin from 2003, because of the dollar fatigued and weak, the shift of gold and silver price agrees basically. However, if once economic environment produces change, the relation between two kinds of metals is broken easily.
Previous12 Next
