Silver Prices Going Up
So far this year silver has outperformed gold, and that could continue on for some times, as silver is not only used as a hedge against inflation, but trades much more on supply and demand than its stronger cousin gold, which will keep silver prices going up.
With commodities certain to perform strongly in the years ahead, and silver possibly one of the potentially strongest performers among commodity metals, it future looks bright for investors in this area.
Those that understand commodities are starting to respond stronger in preparation for that, and one of those is the European-based ETF Securities, which has just created a new ETF focusing on silver.
"It's the first step in building a platform for commodities," said Graham Tuckwell, founder and chairman of ETF Securities.
This particular ETF will buy silver, and those investing in it will be buying into physical silver stored in a vault and stamped with a serial number.
Silver prices should continue to go up as demand outpaces supply, and new demand causes permanent usage of the metal which is unrecoverable.
Silver Prices Going Up
Tuesday, July 28, 2009
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