INDUSTRIAL GAIN: Copper and silver, two key metals used in manufacturing, rose in the wake of upbeat economic news. Investors are hoping demand will improve as the economy grows stronger. ENERGY BUZZ: Oil and other energy products inched higher after Congress approved a package of tax cuts and extension of unemployment benefits that will keep more money in the hands of businesses and consumers. WHAT'S NEXT: Traders are expected to spend the next two weeks assessing their portfolios and selling some contracts at a profit before the new year.
wow ! Great insight on copper and silver. But I wonder whether the price may continue to shoot up in the near future?
I believe it will follow gold. If gold shoots up then the other metals should increase proportionally.
The price for gold is near all time highs, partly due to investors switching from currencies to precious metals.This has certainly been the case in traditional gold holding nations such as India.However, the high price of gold makes in increasingly unattractive to new investors. While silver has often been the less attractive sister to gold, it is a fairly strong substitute. More and more 'would be' gold investors will be looking towards silver.
