Silver Follows Gold And Responds Similarly

The greatest approach to investing in silver is looking at the long term outlook and remaining patient.

At the moment,Silver is attracting first time investors and causing long term investors to beef up their holdings, according to Stephen M Smith, managing member of Smith McKenna LLC.

Smith said the white metal has been relatively stable at a price that many would consider cheap and most people miss out on investing in silver and the potential wealth creation opportunities because of uncertainty and lack of information.

It?s the perfect time to learn about a silver investment because historically, silver is exceptionally cheap right now,? he added.

Last week however, silver edged into the $28/ounce territory showing signs that it likely won?t remain at this cheap price for very long.

Analysts are firmly set on silver being due for a strong rebound, especially with the recent surge of increased investor interest.

Those who have been considering whether or not to invest in silver, should be getting all the information they can and buying right now; ahead of the next boom.

The greatest approach to investing in silver is looking at the long term outlook and remaining patient.

Historically, silver follows a common path and responds similarly to its costlier friend gold.

With the potential for increased inflation through stimulus efforts in the U.S. And Europe, along with positive global manufacturing outlook data; silver could soar virtually overnight.

Precious metals should be a part of any investment portfolio as a means of diversification. According to Smith, ?Silver could perform stronger and be a better investment vehicle than your IRA/401k.?

Precious metals are expected to remain strong, especially silver over the next few years. Because of projected interest rates, the stock and bond bubble, and global economic recovery; silver could see a spot price as high as$100an ounce or more in the near future.

Silver, gold and other precious metals will always be worth more than paper commodities because they are a physical asset and finite in supply.

Mined silver has increased very little in 2011 at roughly 1.4% and is expected to be very similar in 2012 as well. As other investment and monetary forms depreciate, precious metals thrive, especially with limited supply.

Analysts at HSBC said, ?We retain our bullish view on gold for the second half of 2012. We expect prices to rally to above $1,900/oz by the end of the year.?Silver will likely follow suit, and could surge to $50/oz.

Original Source: BullionStreet

Source: http://www.mygold.co.nz/silver-follows-gold-and-responds-similarly/

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