In Binary Options all commodities are equal. People usually think of silver as the poor man’s commodity, especially when compared to something like gold. However the numbers would seem to say otherwise because the price of silver has gone up by around 22 percent, whereas the price of gold has only climbed by around 18 percent. With silver prices reaching all-time highs and still predicted to rise more, it is one of the best investments to be made in 2016 so far. With help of binary trading you could end up turning those silver binary options into serious amounts cash.
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On one day alone, last Tuesday, the price of silver went up by a remarkable 4.5 percent which sent it sky rocketing to its highest levels in the past 11 months. I should really have been on my computer trading my binary options in silver that day. Silver usually only costs a fraction of the price of gold, but anyone who knows anything about precious metals have pointed out that silver options trading is a great deal and should not be ignored.
The price of silver and silver options always has been very cheap when compared to gold, with gold options trading at a price ratio of 60 to 1 when compared to silver and recently this ratio actually spike to 80 to 1 in favor of gold. However silver is now catching up in terms of the price level and the 4.5 percent spike last Tuesday really helped to accomplish that; silver is rallying to catch up and it is doing so quite quickly. I’m getting those missed silver binary options in place as I type this. To help you find a good broker BOT has compiled of trusted binary trading brokers.
One of the large factors that is contributing to the spike in silver prices is the Chinese economy. The Chinese market has been recovering as of late and with that recovery has come a drastically increased demand for silver(along silver trading options) and as you know, the more demand there is the higher the prices become. Part of the reason for this increase in silver demand in recovering economies like China is because unlike Gold silver has many industrial applications. As economies recover the industrial and manufacturing sectors also grow which results in a higher demand for silver. Silver is heading to a perfect direction to start trading with binary options.
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Demand for silver as can be seen is driven in part by manufacturers, by jewellery sales, and also by investors. Because markets have been quite unstable as of late people have been buying both gold and silver because it is a sure way to make money and preserve wealth. This is especially the case in Europe and Japan where negative interest rates and deflation concerns are destabilizing markets, thus people are buying silver to protect their assets. Binary option traders like us are cashing into this knowledge. This stock market, interest rate, and price level uncertainty has caused people to buy silver in increasingly large amounts as can be seen by the 130 percent rise in stock value of PureFunds ISE Junior Silver ETF, a company specializing in silver.
Although in binary trading there is the glaring fact that silver prices have only managed to go down since 2011, they have increased drastically in just the last 11 months and it has led to silver being traded at $17 per ounce. When taking things like deflation and economic stability into account as well as the trend since 2011, it is safe to assume that silver will continue to rise in price levels, but only for so long and only so much. It is worth investing in silver options but the market needs to be closely observed and monitored in order to avoid losing money on silver call options. Prices that are bound to go back down sooner or later. Luckily in binary options the traders always make money by predicting whether price will go up or down.
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