It’s understandable to wonder what the upcoming forecasts are for both silver and gold. One person who knows quite a bit about numbers is the Chief Numismatist at U.S. Reserve John Rothans. He recently gave his opinion regarding both the futures of gold and silver.
It’s important to understand what is expected to take place by looking at how each of these metals performed during 2017. For gold, prices remained steady throughout most of last year. In fact, gold was able to see a steady increase in price throughout 2017.
Many analysts are expecting gold to possibly a price of $1,400 per ounce. This would be the first time that gold has reached this value in 5 years. Rothans was quoted as saying that gold has “kept its cool” in regards to value throughout 2017. Learn more about US Money Reserve: https://www.yellowpages.com/austin-tx/mip/u-s-money-reserve-inc-481069669
However, the value of gold throughout 2018 does also depend on several factors. Income predictions are expected to change throughout the world in 2018. Unfortunately, it is being reported that the U.S dollar has shown no improvement.
In addition, certain reports have estimated that new gold sources are becoming harder to find. These could be major reasons that gold continues to increase in value. Read more: US Money Reserve | LinkedIn and US Money Reserve | Crunchbase
Silver saw a less reliable price trend throughout 2017. While prices for this metal peaked during the summer, these same prices would soon plummet. Many felt that 2017 was a rocky year for silver.
However, Rothans estimates that this year should be less chaotic for silver. Rothans was quoted as saying that silver buyers “shouldn’t expect fireworks” this year but should expect a steady increase in the price of this metal.
There are factors that could also alter the price of silver throughout 2018. Certain industries utilizing silver have grown steadily, increasing their need for this precious metal. In addition, demand remains high for silver throughout the jewelry industry. Those previously mentioned optimistic predictions also depend upon the supply of silver remaining constant.
PR Newswire states that one of the leading distributors of government issued currency is the United States Money Reserve.
Many clients regularly trust the U.S. Reserve to help choose the right type of precious metals to place in their respective portfolios. To date, there have been over 400,000 clients that have chosen to partner with the U.S. Money Reserve.