Kit Heath talk about the increase in silver price
The 1980's saw an increase in the price of silver to $50 an ounce, what the industry retailers and consumers want to is; will it happen again?
It looks like it might.....
As is well documented the price of silver has risen significantly over the last 12 months.
It was just $18 this time last year and at the end of 2010 was “only” $28 an ounce. The last four months, however, have seen an even steeper silver price rise culminating in the recent 30 year peak of $49.
As a business, at Kit Heath we continue to work hard with our suppliers to maximise design value. We hope the silver price increases are short lived, but the general economic climate seems to support a “high” silver price trend for the foreseeable future and not just a temporary supply curve like we saw in the 80's.
Silver is now an investment vehicle, at least whilst global interest rates are kept low and whilst demand outstrips supply. As a result the silver price is expected to remain high, volatile and at the mercy of speculators.
We will continue to carefully monitor the silver price on a regular basis, as we remain wholly committed to our strategy of offering excellent value for money to our retailers and consumers.
Further reading on the subject:
