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Silver Tongued?

A Combination of Investor Demand and Industrial Uptake Will Cause Silver to Outperform Gold This Year

Quote by: Ani Markova (Co-manager of Smith & Williamson Global Gold and Resources Fund)
Quote made on: 21/03/2012
Quote Submitted by: Francis Mattison
Source: FE Trustnet News and Research

Editor's Notes

Opining that, “silver was quite volatile in 2011, but we are now optimistic it will go through a period of consolidation”, Ms. Markova lucidly went on to make a strong case for the out-performance of silver over gold in the short-term.

Back in March this year, the price of silver stood at $32.14, whilst that of gold was $1,652.

At the time of writing, silver has slumped to $26.96 per ounce (down a whopping 16.12%), whilst gold has fallen somewhat less to $1575.30 (down 4.64%).

Could have gone either way, I guess.

 

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Published on: July 26, 2012

Category – UK Financial Predictions and Gaffes
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