Silver has remained a valuable investing asset for investors for some time now. Many people think that silver prices are on the verge of heading back down, I AM NOT one of those people.

While this is just an opinion and not expert advice, from everything I have studied and everything I have seen in the market, there is simply no reason why silver is not going to continue to perform at a fantastic rate, at least when it comes to prices, which is what the most important aspect is right?

There have been rumors and ramblings about silver hitting the $50 per ounce mark very soon, and I agree with this, except I expect that this will happen sooner rather than later. While many investors chose to sell some gold and silver today to cover stock losses when the news from Greece hit, the fact remains that silver and gold remain one of the only (if not the only) guaranteed safe havens for investor’s money.

The stock market already slid by 100 points this morning as soon as the morning bell rang. While gold investors chose to sell off a lot of gold to cover losses, silver investors looked like they chose to hold on to their silver investments, hoping they are able to ride out the storm and regain their money through silver investment in the future.

This was the smartest move, unless you are going to go into bankruptcy unless you sell your silver, which in that case I would advise a sell. Many Americans stand to lose a lot of money if Greece defaults because so much American money is tied up in Europe. Areas that will be hit the hardest are retirement accounts.

If you must sell to stay afloat, then go ahead and do that, as feeding your family and paying your bills is priority number 1. However, if you are able to sustain some loss and hold on the your silver, or even buy more, then do it, as you will more than likely see a nice return of investment in the future.

The price of silver went up by 29 cents and ounce Monday and has a per ounce price of  $40.48. Gold prices went up as well, rising $14 to $1,615.80 an ounce. For the year, silver has risen a whopping 31%, while gold has risen by 14%.

It seems that through the debt crisis and the other financial problems hitting us from around the world like the problem in Greece, precious metals stocks — particularly silver and gold, remain strong, as investors and industries continue to out their money into them.

As we have been saying for quite some time, now is as good of a time as any to invest some money in silver. Reports have silver continuing to rise even through all the financial problems looming and a possible debt deadline breach.

If you need a place to park your money, then put some of it in silver bars or silver coins and allow it to sit there until the financial crisis is solved.

The demand for silver is very high, as the price of silver is all over the place. No other precious metal price goes up and down as much or as quickly as silver. Silver is mainly used in three areas.

1. Industrial Uses
2. Jewelry and Silverware
3. Photography.

You can narrow it down so much so to these three industries because they represent 95% of annual worlds annual silver consumption. Reason being is that that the properties in silver are very superior, which in turn makes it very useful as an industrial component, while at the same time allows it to remain one of the most sought after types of precious metals (jewelry, silverware, etc).

Industrial sectors such as imaging, electronics, jewelry, coinage, superconductivity and water purification are all in high demand of silver. Because of this factor, silver is not only sought after by individuals who want a nice piece of jewelry, but it is sought after by major companies who are looking to transform products to make our lives better.

So, is it all money back into previous metals?  Ride the gold train all the way up?  We’re not sure about gold, but silver is definitely still looking good in our minds and remains a buy for many at the current price of $17 an oz.

Historically, silver is no where near it’s non-inflation adjusted price of $50 per ounce, while gold is setting a new high every other week.  So whats the deal?  Will silver finally correct itself or will we see the price of silver take a back seat as the rest of the words markets wait for the economy to recover.

$19 is near for the price of silver and if you want to buy silver, now may be the time to do so. With the jobs market still shaky and earnings reports for a flurry of companies on the S&P 500 due out in the next month, you may want to put a little bit in silver to keep your rear end covered.

Gold, although still rising amid recent selloffs, is high priced and difficult for some to get into. Well, silver tends to follow the trend of gold and you may want to ride the wave. Just look at the chart below at how closely silver follow gold. This is a 1 year comparison chart of the price of ETFs, GLD and SLV.

If you think gold is going to rise, you may just want to buy into silver and watch that price follow all the way up.

While gold is ever stretching towards new highs, silver is still lagging behind. Silver ranged in price from $10 to $19 in 2009, still well, well below it’s highest price ever. $49.50. That’s right, in 1980 the price of silver was 2.5 to 5 times higher than it’s all time high of nearly $50!

Gold on the other hand continues to break through it’s all time highs as world banks stock pile the precious metal to back their currencies and individual investors buy gold to combat inflation, looming around every corner.

So where oh where will the price of silver go? We think up, and up and up. But what do we know, we just write this blog….