Despite recent favorable supply/demand fundamentals reports linked to silver’s industrial role, the precious metal looks to be following the price trajectory of its yellow kin. However, recent forecasts from analysts at major financial institutions show silver prices gaining further ground over the next few years.
In my opinion, it should not be considered a safe-haven investment like gold or silver. Instead it is more of an aggressive play for investors that want to catch a rally in silver prices.
I agree, I have seen it fluctuate from $17 down to almost $10 and now its over $30 per ounce. So you are taking some risk when you hold silver.
I agree on this as well. This precious metal seems to be skyrocketing on the market today but as of now, investors aren't yet considered that this will be another big players just like gold. Prices will change by the time comes and it will be back on its neutral price.
Silver has seen an amazing surge in prices, according to bloomberg, there was this interview of the worlds 3rd largest producer of silver first-half profit rose 82 percent after output and prices of the precious metal increased, it was supposed to be undervalued so i guess price correction is being done for now being a contrarian wont help in this case as the prices have seen a bullish trend
Adding to your view, China also now has increased its demand for silver in the last couple of quarters.
The demand for Silver is going to increase even further, as predicted by many analysts the price of silver are going to increase more then Gold's price. So it would be a good decision to take a long position in futures.
