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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Silver investors prefer to wait it out

Posted on 23 December 2011

After hitting record highs in May this year, silver prices have since fallen significantly and, a number of analysts remain fairly bearish. Several factors that are weighing on gold are weighing on silver too, these analysts say, adding that volatile price movements in the white metal have made investors skittish, with a large section preferring to stay on the sidelines and wait it out.
“In just two weeks post traversing the all-time high, silver slipped to $32.5 an ounce and gave investors the first jolt. From the low in May, silver managed to climb to $44.25 an ounce in August but could not sustain the heights for a long time…………………………………………Full Article: Source


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