Silver

Ghitac Dana

Conjunctura economiei mondiale / World Economic Studies, 2011

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%.

Keywords: 2010; London Fix prices of silver; London Bullion Market Association; world silver supplies; world silver demand (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2011:id:2822000009575039

Access Statistics for this article

Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD

More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).