Platinum Account Group Sees Surge in Global Market Silver Prices

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 20, 2012 -- Silver prices rose during an overall increase in the bullion market while heavy speculative demand was caused by an intense rebound in markets worldwide. Silver has made moderate gains despite of the tension between the US and Iran. The rare earth metal, which is .999 fineness, has been fluctuating between $33-34 and recently closed at $34.150 per ounce. Silver for March delivery gained 44 cents to $34.19 an ounce.

The silver outlook for this year can be described as cautiously positive valuation. Platinum Account Group analysts feel that silver price has a strong possibility of reaching a record high of $50 by the end of this year or it could even jump up to $52. A strong silver market this year is expected to rest on the backs of investors. Many investors may continue to focus on the long term goal, for they have strongly maintained their positions last year and rebuilding of long term investments is expected. Also this 2012, coin and small bar demand was also strong and is expected to remain positive.

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