22.07.2014 - Silver ETFs Are Having a Good Summer
Gold gets all the glory, but silver's no slouch. The price of silver has risen 10 percent since the end of May, more than double the gains in gold, bonds and stocks. This comes after a three-year slump when silver was down 50 percent, trailing gold by 30 percent and the S&P 500 Index by 100 percent. Until recently, it had a dubious distinction as one of the few things left in the investment universe that hadn’t rallied in recent years. Silver suffered a 2.2 percent price drop on July 14 -- gold fell as well -- on fears that the Fed may raise interest rates sooner than expected. Both metals have since rebounded. And the fundamentals look solid: Silver is benefiting from a drop in total supply, a pickup in manufacturing and increased demand from China...............................................Full Article: Source
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