Bullion News

The world gets silver from silver mines, and what governments and people sell. In 2008, supply crossed 28,500 tonnes. Silver mines accelerate production when prices are attractive. People and governments too sell their family silver when prices are attractive. When prices plummeted after the financial crisis last year, scrap sales plummeted too. But the world also gets a huge quantity of silver as a by-product of lead, zinc, copper and gold mines.
Many pundits point to the recent surge in gold prices as a temporary phenomenon and that once the U.S. economy gets back to growth mode, gold prices will retreat. But what if this takes longer than we think? What will this do to our dollar and gold prices?
Unlike gold, silver is becoming scarcer because it is used in so many various products such as cell phones, flat screen televisions, batteries, bearings, soldering, catalysts, photography and solar energy production. Silver is used in such small amounts in the various electronic devices that it is not economical to try and recycle the silver used in the component
Symbol
Traded Date
Unit
Price
14 Feb 09
1 Candy
20470
10 Oct 09
1 Maund
2188
20 Nov 09
50 KGS
578
16 Feb 09
1 Candy
20380
10 Oct 09
1 Maund
2188
Symbol
Expiry Date
Unit
LTP
14 Dec 09
1€
148.44
08 Dec 09
1tr OZ
1139.00
05 Feb 10
1TOZ
1141.00
14 Dec 09
164.74
28 Oct 09
100Rs
212.10
MCX-SX Currency rates
Product
Exp.Date
Buy Price
Sell Price
LTP
USDINR
26 Nov 09
46.635
46.64
46.6675
USDINR
29 Dec 09
46.71
46.72
46.7475
USDINR
27 Jan 10
46.8
46.8125
46.8275
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