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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Analyst eyes sterling recovery in silver price

Posted on 16 August 2013

The vertiginous recent fall in the price of silver means there is a good chance the metal will soon bounce back strongly, a market researcher has argued. The past six months have been weak for most precious metals, with the aggregated S&P GSCI Precious Metal index losing a fifth of its value. Silver has been even softer, though, plummeting by 29 per cent through the period.
For Mike McGlone, research director at ETF Securities, this represents ‘a potentially attractive entry level’ given that the metal ‘may have corrected too far and is poised for future growth’………………………………………..Full Article: Source


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