Wednesday, March 10, 2010

Silver Still Moving with Gold

Silver Futures Move in Sync with Gold

Although silver has a strong industrial base and demand in its own regard, investors at this time are considering it a haven of safety similar to gold, and consequently what is happening with gold is what is happening with silver, as far as price movements go.

Again, what that tells us is silver isn't being acquired for its industrial demand and use, but rather for its resistance to tough economic conditions and uncertainty in a similar way gold is.

Until that changes, we'll probably see the two move together as they have so many times in the past.

Silver Futures Move in Sync with Gold

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