Solid Future Seen for Silver
December 10, 2007
Silver Holding Nicely
Through all the hubbub and attention the media has been paying to the spot price movements of Gold, the less valuable precious metal, Silver has been holding it's own very nicely. Silver has stayed above $14 pretty well since late October.
Future visions of silver's outlook are being raised by analysts. The long term prospects for silver are that it will hold at the $14 to $15 level, even with increased production. Demand is expected to outstrip supply over the next three years.
This is the kind of stability long term investors look for in an inflation hedge vehicle. The single largest factor in the accuracy of these optimistic forecasts and in silvers subsequent ability to remain at these levels, would be the continued weakness of the U.S. dollar.
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