Silver Poised to Reach $50 in 2012 says Bill Hionas

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Silver Poised to Reach 50 in 2012 says Bill
Hionas
(1888PressRelease) Silver is slated to rise
during the course of 2012. MIAMI, FL - As we all
know, the white metal soared earlier this year
only to fall dramatically in the spring. However,
silver rebounded and has been holding its ground
ever since, while volatility raged around it.
Jewelry demand remains high, possibly due to
the higher price of gold, and demand for silver
coins is also rising noticeably. Industrial
demand for silver is likely to increase by at
least 4 in 2011, going into 2012. However, it
will be investment demand that will likely drive
up the price of silver in 2012. The same
macroeconomic factors that impact on gold, also
affect silver. As 'poor man's gold' silver offers
a more accessible entry point into precious
metals investment. Silver both benefits and
suffers from its dependency on both industrial
and investment demand. If the economy is strong,
then industrial demand rises, if there is
economic turmoil, then industrial demand may fall
but silver is seen as a safe haven. However,
while the economies of the US and Europe may be
in trouble, there are emerging markets in Asia
where growth is healthy and this boosts both
industrial and physical demand for silver. "It
is possible that silver could outperform gold
next year," says Bill Hionas. "Gold has dominated
the headlines since silver's dramatic fall in
April but silver has been holding its own for
some time now and many market experts feel it
will take off in 2012."
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For further information on investing in silver
bullion, please visit www.billhionas.com About
Bill Hionas Bill Hionas is CEO of Pan American
Metals of Miami, LLC, a group of traders,
investors and account executives that combines
many years of experience to help clients invest
in bullion. PAMM provides an individual
investment service and is based in Miami, Florida
for convenient access to both North and South
American investors. Website http//www.billhiona
s.com http//www.panamericanmetalsofmiami.com Pr
ess Contact Debbie Bailey Executive
Administrator Pan American Metals of Miami,
LLC Email dbailey ( _at_ ) investpanam dot
com Website http//www.billhionas.com
http//www.panamericanmetalsofmiami.com Source h
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