Silver Prices Rise with Gold Offering Affordable Financial Investment Stability

With the price of Gold breaking the $1600 per ounce mark, silver prices are continuing to make their predicted climb in price as well. Experts predict that as the gold price continues toward an anticipated plateau of around $2000 per oz, more investors will turn to silver and this will cause the price of silver to grow even more rapidly.

Current estimates see silver prices heading to break $100 per ounce within two years. All of this recent growth for metals has been driven by the recent instability and uncertainty of both the U.S. and the World economy. As global economies fall their currency becomes worthless and eventually only metals like gold and silver will be of substantial value.

Currently, silver prices are just over $40 per ounce and gold is just over $1600 per ounce.

Current concerns in the U.S. and debate over the debt ceiling and the potential for economic collapse if something is not done quickly, have pushed even more investors towards precious metals like gold and silver.

“Gold is the uncertainty hedge,” said Chuck Butler, president of EverBank World Markets. “We’ve had no shortage of people saying there is going to be Armageddon if the debt ceiling isn’t raised.” Investors remain worried about a possible debt downgrade if Washington raises the debt ceiling but does not implement significant cuts in spending, added Butler.

For many investors the price of gold it just too high to get in, while silver prices still present a great opportunity to gain some financial stability at an affordable price.