Profit street blog | stock and commodity market news

Silver trading range for the day is 39367-40621.Silver dropped as investors dumped safe-haven assets amid reduced concerns over the French presidential elections.U.S. Treasury Secretary Steven Mnuchin confirmed that the Trump administration’s tax plan will include a 15% corporate tax rate. Holdings at ishares silver trust gained by 0.90% i.e. 91.27 tonnes to 10272.97 tonnes from 10181.70 tonnes. Contact us: - +91-9913158794 Or visit:- http://www.profitstreet.in/ Mail us at:-  info@profitstreet.in

The precious metals sector is off to the races in the first six weeks of 2017, as returns in both gold and silver are beating the S&P 500. The silver market is the best performer – with nearly double the gains seen in gold. Here’s a quick look at the numbers: Silver +11% Gold +6% Copper +11% S&P 500 +4% Why are silver prices outperforming gold? Here are four reasons: 1. Silver is Both a Precious and an Industrial Metal This creates a dual demand base for the metal from both investors and from the manufacturing and industrial community. A less expensive cousin than gold, silver offers investors many of the same properties as gold including portfolio diversification and a hedge against in inflation as gold and silver typically trend in the same direction. Silver attracts nearly 50% of its demand from industrial buyers for use in electronics, autos, nanosilver applications, medical devices and solar panels. Both the electronics and solar panel industries that...