Silver is making headlines and polishing up exchange traded funds (ETFs) that hold the metal.
Both PowerShares DB Silver (DBS) and iShares Silver Trust (SLV) were up more than 2% in midday trading. Year-to-date, they’re up 21% and 22.4%, respectively.
The price of the commodity is now sitting at 27-year highs to more than $18 an ounce, reports Barry Sergeant for Mineweb.
The multi-year resources boom has reached raw materials, commodities and metals. This gives investors an array of choices.
Can it continue? The general consensus seems to be that global demand will continue to outpace new mine supply. Desire for silver in the industrial and investment segments will offset the drop in demand in the photographic segment (silver is a major component in the developing and processing of film).
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.