Silver to Rise but Tarnished by May's Rout
Source: Reuters, Jan Harvey (7/29/11)
"Silver prices look set for further gains after rallying more than 15% this month on gold's coat-tails."
Reuters, Jan Harvey
Silver prices look set for further gains after rallying more than 15% this month on gold's coat-tails, but the metal will struggle to revisit this year's record high near $50 an ounce after investors were burnt by May's heart-stopping price correction.
Silver was one of 2010's best-performing commodities and surged to a record $49.51 an ounce in April as investors favoured precious metals as a safe store of value during the euro zone debt crisis. . .View full article
Silver prices look set for further gains after rallying more than 15% this month on gold's coat-tails, but the metal will struggle to revisit this year's record high near $50 an ounce after investors were burnt by May's heart-stopping price correction.
Silver was one of 2010's best-performing commodities and surged to a record $49.51 an ounce in April as investors favoured precious metals as a safe store of value during the euro zone debt crisis. . .View full article