11.12.2008, 15:47 2647

Prices in world market of silver stabilized

Prices in the world market of silver have stabilized. The average price of silver on the London fixing has increased at the last tenders.

Almaty. December 11. Kazakhstan Today - Prices in the world market of silver have stabilized. The average price of silver on the London fixing has increased at the last tenders.

On the background of weakening of dollar, precious metals have stabilized their positions, the Department of Precious Metals Standard Bank informs.

According to the last report of ScotiaMocatta, the world leader in the market of exchange and financial transactions with precious metals, instability of the market and other factors put pressure upon jeweler's branch and create conditions for increase of the share of the market of silver.

According to the analysts of ScotiaMocatta, despite the surplus of the world supply over demand, decrease of prices of silver will allow this metal to win back its positions in the future.

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