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<p>[QUOTE="InfleXion, post: 1241964, member: 29012"]I think the the market situation has created more demand for the one metal that is unanimously and only viewed as a hedge against inflation and a store of wealth, the ultimate safe haven. Platinum and palladium are down too. Gold was higher than platinum for a minute and it's still very close. Silver and the PGM's are industrial metals as has been said which probably has a lot to do with why they aren't going up like gold which is only a monetary metal. </p><p><br /></p><p>Often times when the stock market takes a dive so do the metals because they are a paper trade. The fact that silver is only down slightly as compared with the 2008 situation means it is much stronger now than it was then. If you look at the price range on silver it has been experiencing 2 dollar swings every day. So it's not really dropping, it's just range bound, and in my perspective volatility means uncertainty which is bullish for metals. </p><p><br /></p><p>I wouldn't be surprised to see silver have it's turn at playing catchup after the dust settles. Right now things are flowing into gold from stocks, and some people who play with stocks have a lot of money to work with. As the average Joe starts paying attention silver will be what can be afforded.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1241964, member: 29012"]I think the the market situation has created more demand for the one metal that is unanimously and only viewed as a hedge against inflation and a store of wealth, the ultimate safe haven. Platinum and palladium are down too. Gold was higher than platinum for a minute and it's still very close. Silver and the PGM's are industrial metals as has been said which probably has a lot to do with why they aren't going up like gold which is only a monetary metal. Often times when the stock market takes a dive so do the metals because they are a paper trade. The fact that silver is only down slightly as compared with the 2008 situation means it is much stronger now than it was then. If you look at the price range on silver it has been experiencing 2 dollar swings every day. So it's not really dropping, it's just range bound, and in my perspective volatility means uncertainty which is bullish for metals. I wouldn't be surprised to see silver have it's turn at playing catchup after the dust settles. Right now things are flowing into gold from stocks, and some people who play with stocks have a lot of money to work with. As the average Joe starts paying attention silver will be what can be afforded.[/QUOTE]
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