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Silver

Author

Listed:
  • Ghitac Dana

Abstract

In terms of annual tonnage, the total supplies of silver were 17 % higher than in 2009. Mining companies were a major contributor, by re-positioning in their hedging programs. Meaning that, after four years in which they have been net buyers, in 2010 they began to sell. The imbalance of the silver market, however, was offset entirely by investment demands, which grew by 40 % in 2010. Therefore, the price of silver has evolved strong upward in 2010. At the end, troy ounce was 78% more expensive than the first day of trading, increasing its value by nearly $ 14 in twelve months (from $ 17.17 on January 4th to $ 30.63 on December 31th. By comparison, in 2009 the price of silver increased by 53%.

Suggested Citation

  • Ghitac Dana, 2011. "Silver," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2011:id:2822000009575039
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