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<p>[QUOTE="medoraman, post: 1238194, member: 26302"]Winged hit it on the head. I would add that silver's dual nature makes it very hard to predict. Industrial metals you can predict based upon industrial demand, (btw Platinum has many, many more uses than converters, it is a very important chemical catalyst for chemical plants), and gold is more a store of wealth. Silver, being dual, its always hard to decide if bad economic news will increase or decrease its price. Many like to think bad news will increase its price for investment, and good news will increase its price for industrial usage. It cannot be both of course, but you will see some people making both arguments. There are a lot of intersecting, mutually exclusive things going on with silver, not even including investor psychology or hysteria, so this always clouds the outlook significantly. Three years ago silver was primarily an investor metal, but almost all of its rise recently has been investor demand.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1238194, member: 26302"]Winged hit it on the head. I would add that silver's dual nature makes it very hard to predict. Industrial metals you can predict based upon industrial demand, (btw Platinum has many, many more uses than converters, it is a very important chemical catalyst for chemical plants), and gold is more a store of wealth. Silver, being dual, its always hard to decide if bad economic news will increase or decrease its price. Many like to think bad news will increase its price for investment, and good news will increase its price for industrial usage. It cannot be both of course, but you will see some people making both arguments. There are a lot of intersecting, mutually exclusive things going on with silver, not even including investor psychology or hysteria, so this always clouds the outlook significantly. Three years ago silver was primarily an investor metal, but almost all of its rise recently has been investor demand.[/QUOTE]
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