{"id":13091,"date":"2011-01-21T10:43:24","date_gmt":"2011-01-21T09:43:24","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/13091\/silver-down-more-than-7-from-record-high-outlook-depends-on-investment-demand\/"},"modified":"2011-01-21T10:43:24","modified_gmt":"2011-01-21T09:43:24","slug":"silver-down-more-than-7-from-record-high-outlook-depends-on-investment-demand","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/13091\/silver-down-more-than-7-from-record-high-outlook-depends-on-investment-demand\/","title":{"rendered":"Silver Down More than +7% from Record High. Outlook Depends on Investment Demand"},"content":{"rendered":"

Silver hit a new high (spot: 31.22; Comex: 31.28) in the first week in 2011. However, price decline sharply in tandem with gold and other commodities as the US dollar strengthened. Currently trading at 27.3, the benchmark silver contract has been down more than -10% in 3 weeks. While further correction cannot be ruled out, divergent US coin sales and ETF investments have blurred the metal's outlook in the near-term. US Mint said that coin sales jumped to a record high of 4.59M oz in January, +7.75% above the previous record set in November 2010. In contrast, silver holdings in ETFs began 2011 on a weak note.<\/p>\n

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\nSilver Down More than +7% from Record High. Outlook Depends on Investment Demand<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Silver hit a new high (spot: 31.22; Comex: 31.28) in the first week in 2011. However, price decline sharply in tandem with gold and other commodities as the US dollar strengthened. Currently trading at 27.3, the benchmark silver contract has been down more than -10% in 3 weeks. While further correction cannot be ruled out, divergent US coin sales and ETF investments have blurred the metal's outlook in the near-term. US Mint said that coin sales jumped to a record high of 4.59M oz in January, +7.75% above the previous record set in November 2010. In contrast, silver holdings in ETFs began 2011 on a weak note. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13091","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=13091"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13091\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=13091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=13091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=13091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}