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Is silver set for another run-up?

Posted on 25 May 2011

If you were holding portfolio investments in silver in the first few weeks of May, it didn’t feel like a silver lining. The white metal plunged in price nearly 30 percent in just two weeks of trading - after a spectacular run-up earlier this year.
So, could silver be set for a rebound? First of all, why should there be excitement over silver, the cheaper cousin to gold? Michael Purves, chief market strategist and head of derivatives research at BGC Financial, explains that silver’s price correlates closely with gold, although not with base metals or other commodities……………………………………….Full Article: Source


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VRS - who has written 40639 posts on Opalesque Commodities Briefing.


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