Pan American Metals of Miami Three Digits Still a Strong Possibility for Silver

    MIAMI, FL, May 07, 2011 /24-7PressRelease/ -- Pan American Metals of Miami (PAMOM) is happy to report early signs of recovery following a relatively heavy drop in the price of silver over the weekend. Silver is already on its way back to its previous position.

"There is still time to take advantage of the present dip in silver," says Bill Hionas, CEO of Pan American Metals. "Physical ownership of silver looks very advantageous right now, this is a great opportunity for investors."

Silver closed Tuesday, May 3, at $41.72, having reached $45.55 earlier in the day. Those analysts who predicted that silver could reach $100 an ounce within two years are not changing their opinion because of a temporary correction.

Pan American Metals suggests that the present dip is an excellent opportunity for buyers and concurs with market analysts that silver is still on track to reach the psychological barrier of $50 and then break through it. Just as gold has stayed comfortably over the $1500 an ounce mark, it is anticipated that silver, once it has broken through the $50 level, will continue to rise. Some analysts are even predicting a price as high as $250 an ounce for silver before the end of 2011.

Silver is supported by its perception as 'poor man's gold', as it offers a chance to buy a precious metal at a lower price point. Additionally, industrial demands continue to support a high price, meaning that the price is not totally dependent on speculation.

PAMOM offers investors worldwide the option to own physical silver. PAMOM's clients can buy silver, gold, palladium or platinum. Opening an account is straightforward and PAMOM's team of seasoned brokers is ready to assist buyers.
About us:

Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine many years of experience to help clients invest in bullion. PAMOM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.investpanam.com

Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: [email protected]
Website: http://www.investpanam.com

# # #