Silver and Gold Price in 2013

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Silver and Gold Price in 2013

(OroyFinanzas.com) – The positive performance of the silver price, puts this asset in the forefront of the profitability ranking, compared to the main benchmarks of financial investment. Not even the Ibex 35 of Spain, which has recovered a part of all the land lost in recent years, has managed to beat the investment silver.

The price of gold, although also on positive ground, is almost equal to the negative evolution of the dollar in foreign exchange markets, suggesting that its greater value is precisely due to the devaluation of the US dollar.

The increase in the price of gold, following the planned script, has been slowed down by reaching the projection of resistance in the zone of 1695/1700 dollars. The usual is that the quotation is entertained before being able to overcome that reference, because in it coincide a level of proportional regression based on Fibonacci and the main guideline of the bearish phase started in September of last year. An early overcoming of the barrier would almost certainly be related to the approval in the United States of America of an elevation of the debt ceiling, but I think we still have to wait to see it.

Precios activos 2013

 

The price of silver, once it has reached the area of $32.40, and although it may suffer some cut or lateral movement in the very short term, has laid the basis for successfully continuing the search for the level of 35 dollars per ounce in the coming months. It is precisely at that border where the price of silver would find a customs office to be able to access the search for the 40 dollars. A viable goal for this year, although I crave something ambitious for the moment.

Precio plata grafico enero 2013

In any case, both silver and gold investment present favorable conditions for renewing long-term bullish tendencies. A fact that should make people think of an alternative to the lack of profitability for the deposits of money, which are usually the most prudent savers with the long term, and who still do not see the advantages of substituting their savings in bills for the gold and silver physical investment: liquidity and protection of purchasing power.

Jorge Del Canto

Author of the book “Earn money by trading on the stock market”

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