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According to recently released silver investing news, investing in silver is more profitable now than it has been in nearly three decades. Eclipsed only by 1980 stock figures, the price of silver is now approaching the record highs set 31 years ago. Economic instability aside, the demand for silver has made it a steady investment in the US as this shiny white precious metal is being increasingly used in a growing number of industrial applications.

Silver Prices Rise On Demand

According to World Silver Survey, the price of silver in 2011 was only bested once before in the history of the metal as a commodity investment. Experts attribute the increase in the price of silver stocks, exchange-traded-funds, and silver bullion products to increased investor demand and solid industrial off-take, a great piece of silver investing news.

In the final months of 2010, demand for silver began to pick up at a frantic pace, resulting in gains of 84% for the year. Even though prices dipped in January 2011 in a slight market correction, the prices in the early part of this year more than made up for the difference. As the economy continues its slow recovery, concerns are growing over government debt and geopolitical instability have pushed silver prices up once again.

During the first part of 2011, the record high for the price of silver was US $43.74 oz in April. Investors propelled silver to this multi-decade high in both daily price and annual average, which we all can agree was quite a noteworthy achievement. Much of this success is due to the record demand for owning physical silver products. This can best be illustrated by the increased number of investment-related bullion coin purchases. In both 2009 and 2010, the U.S. mint produced over 30 million ounces of its popular 1 oz American Silver Eagle bullion coins, and so far, the mint appears to be on pace to eclipse the previous year’s production totals for a third consecutive year.

Silver Investing News: Opportunity Knocks

With patterns trending as such, investing in silver makes sense as a reliable, profitable choice. Silver has consistently outperformed gold on the market, and the asset is expected to boom as global supply further dwindles while industrial demand shows no signs of slowing. This is because silver is used in virtually all modern electronic devices – from cell-phones and computer chips. Not only does this translate to silver being a fantastic investment – it also means silver stands as one of America’s great hedges against inflation.

To learn more about the fantastic opportunity for investment that silver offers, sign up for your silver information kit today!