January 2012 Silver Report

So we are now into 2012 and January is over already! Let’s take a look at the January 2012 silver report and hopefully have some good predictions for you going into February.

After a bumpy end to the year with a few downturns and some sobbing heard from the silver investors (particularly the new ones), January started off relatively slow. January 2nd saw prices at around $28.37/oz which was a drop from before, but not much of one. However, those in silver had reason to hope as the price slowly, but steadily rose throughout the month of January. Here’s a breakdown:

January 2-9: Overall, silver rose from $28.27-$29.12 with a bit of a scare in the middle when the prices rose, then fell and then rose again. While it wasn’t the most exciting gain in the world, it was still better than nothing.

January 10-17: Now this was an exciting week! Silver rose from $29.12 to $30.26 and with continued rises predicted. There were no real drop-offs here and only a couple level patches here and there. Investors began to hope for an improvement in their lot when it came to silver.

January 18-25: The excitement mounted as silver continued to rise in price, going overall from $30.58 to $33.13. There was a slight worry in the middle when prices rose and then fell, but the feelings were back on high when the prices mounted again.

And coming into the last six days of January, we have seen a continued rise in the price of silver. As of January 31, silver prices closed at a nice $33.32, after enjoying a high price of $33.87 on the 28th of January.

All in all, with a few dips here and there, the movement of silver finally reversed into that nice upward momentum we like to see. But what does February hold?

February is usually a levelling month for silver and this year probably won’t be much different. Don’t expect any huge highs or lows for the month. This is also a good time to buy more silver if you like because by March and April, the prices go up due to demands from the energy sector. Experts recommend buying into silver in February in order to prepare for rising prices into the spring.

However, be mindful of global events: there are still many valid concerns that the Eurozone markets are going to crash and burn and that will have a huge impact on the price of silver. It’s important to keep abreast of world news because 2012 could end up being even more unsteady than 2008, so far as the markets are concerned.

So, January was a pretty good month for silver and while you may not see a meteoric rise in price in February, you should be able to enjoy some stability. Good luck!

SOUND OFF! What kind of silver prices do you expect to see in February? What would you like to see? What are you worried about? Comment below!

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