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.

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