HOLLYWOOD, Fla., June 11, 2012 /PRNewswire-iReach/ -- In the middle of last week, silver prices began to surge slightly as suspected. Early last week silver was seen trading around that sweet spot, enticing investors to increase their silver portfolios and lowering the barriers to entry for first time investors. Silver responds similarly to gold; however its influential ties to industrial growth and manufacturing separate it, making it a wise investment choice with stimulus efforts and worldwide economic rebounding.
In the upcoming weeks, Europe policy makers will continue considerations of stimulus efforts, increased lending, and the possibility of printing more Euro currency. As the silver and gold market catch wind of this, alongside increased global manufacturing and investor support; it could send prices soaring!
Stephen M Smith, who is the managing member at Smith McKenna, LLC believes that silver could potentially double in value over the next few years. Silver has nearly doubled in the last two years, something that we could see a repeat of again. Smith has been accurately predicting macroeconomic trends for over 20 years. He's currently offering a FREE investing book to a limited number of people in order to educate the public on how to invest in silver, and increase their chances of success from the start. http://www.smithmckenna.com/free-book/
Focusing on global demand, China has become the second largest consumer of silver worldwide. The silver institute has a report in the pipeline which will detail China's impact on the silver price in the next few years. The report is scheduled for release later this year in October, and is something investors should keep a close eye on, noted Smith. Just twenty years ago, China's silver demand represented only three percent. Today it is more than five times that, seeing 16% - with forecasts of it going much higher. Those looking to invest in silver could benefit significantly from this emerging data.
"Many knowledgeable observers of the Chinese market believe that silver demand will continue to grow significantly over the rest of this decade, therefore increasing China's Importance to the global market," said a rep at the silver institute.
With straining global mining production and supply of precious metal silver, increased demand will only continue to drive prices farther north. If investors are positioned right, and have the right knowledge, they could undergo the type of potential wealth creation opportunity that they've been eagerly awaiting after last year's boom was temporarily cut short.
For more information on Stephen M Smith and Smith McKenna LLC, visit their website:
Stephen Smith Smith McKenna, LLC, 888-415-4909, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Smith McKenna, LLC