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Commodities Briefing - Categorized | Bullion/Gold, Regulatory more

CFTC investigation a boon for silver

Posted on 29 October 2010

From Mineweb.co.za: As the price of silver backs off from its recent high of $25, it offers investors another amazing opportunity to buy the precious metal. In the past month silver has bounced back to prices not seen since the 1980’s, and even though the price of silver has had a spectacular move since the end of July - surging from $17.50 an ounce to almost $25.50/oz… a move of 45%, the price is still terribly undervalued.
There have not been any significant changes in any of the known supply/demand dynamics that have caused this run up in the price, but the price is being driven by surging investor demand as investors shy away from paper assets and turn to commodities……………………………………….Full Article: Source


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VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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