Pan American Metals Of Miami Says Silver Poised To Rebound Strongly

(1888PressRelease) Silver is poised for a strong rebound

, ending the bearish market that has plagued the precious metal since the spring.

MIAMI, FL - Despite a rumored slowdown in growth, China's economy is growing considerably faster than that of the US and demand for silver, with its industrial uses, is high. Predictions are that silver could be averaging $38 an ounce before the end of this year and reaching an average of $42 by the end of 2012. This would represent a gain of over 33% on its present price.

In addition to the industrial demand for silver, there is investment demand from those who want a cheaper alternative to gold, currently trading at a ratio of over 50 to silver. Silver offers similar safe-haven benefits to gold at a fraction of the price. Investors were frightened away from silver after it dropped spectacularly in April but silver has held its own since and, supported by both industrial and investment demand, the white metal is poised for a comeback.

"We expect to see silver regain its shine next year," says Bill Hionas, CEO of Pan American Metals of Miami. "There are many factors underpinning silver and many market analysts are forecasting a bull market over the coming months. With a rate of growth five times that of the US, China is a driving force when it comes to physical demand for use in industry."

There is also some physical demand for silver during India's wedding season and upcoming Diwali festival. Gold remains the preferred choice for gifts but silver is also popular.

About us:

Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.

Website: http://www.panamericanmetalsofmiami.com

Press Contact

Debbie Bailey

Executive Administrator

Pan American Metals of Miami, LLC

Email: dbailey ( @ ) investpanam dot com

Website: http://www.panamericanmetalsofmiami.com

Source:

http://www.1888pressrelease.com/pan-american-metals-of-miami-says-silver-poised-to-rebound-s-pr-344283.html

by: Donald Hood

POST COMMENT

Tax Preparation Miami Pan American Metals Of Miami Says Outlook For Next Week Optimistic But Dependent On Outcome Of Sunda Precious Metals Recover As Dollar Weakens Says Pan American Metals Of Miami Emergency Electricians In Miami Can Save You A Headache After A Dangerous Storm White Metals Share In Gold's Recent Gains Says Pan American Metals Of Miami Gold Gains As European Standoff Continues Says Pan American Metals Of Miami Physician Accountants Miami Pan American Metals Of Miami Says Gold Corrected Slightly But Still Shows Significant Gains Over The Spend Passover In Miami 3 Best Places Await Boarders Of Flights To Miami The Role Of Miami Immigration Lawyers In Situations Where People Are Facing Deportation Proceedings Pan American Metals Of Miami Takes A Quick Look At Recent History Greek Prime Minister Backs Down On Referendum Says Pan American Metals Of Miami