Forget Gold, How About Playing the Spike in the Silver Price?
by Ian Williams on Dec 29, 2010 at 07:00
In less than four months silver has risen from $18 per ounce to $30, representing a rise of almost 70%.
This ferocious move has meant that silver has dramatically outperformed its more revered neighbour gold during the same time period by nearly 50%.
There are conflicting arguments as to why this substantial move has happened. Rumours abound that a major US investment bank has a huge high-risk short position in physical silver and cannot deliver enough physical silver to meet its obligations.
Forget Gold, How About Playing the Spike in the Silver Price?
by Ian Williams on Dec 29, 2010 at 07:00
In less than four months silver has risen from $18 per ounce to $30, representing a rise of almost 70%.
This ferocious move has meant that silver has dramatically outperformed its more revered neighbour gold during the same time period by nearly 50%.
There are conflicting arguments as to why this substantial move has happened. Rumours abound that a major US investment bank has a huge high-risk short position in physical silver and cannot deliver enough physical silver to meet its obligations.
Read More
Like this:
This entry was posted on Wednesday, December 29th, 2010 at 9:20 am and is filed under Gold, Great Panther, Market Commentary, Silver, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.