MIAMI, FLORIDA (Commodity Online): If volatility in silver is making you concerned you are not in a minority. However, silver continues to be sound investment choice and regardless of the ups and downs, silver has a very promising future, according to Dr Jeffrey Lewis of Silver Coin Investment.
?[S]ilver makes an excellent investment for those who have the liquidity to ride out the market?s irrationality.?
Investors must realise that silver coins and bullion are a sound investment that may, according to some market analysts, still outperform gold in the long run. Other experts maintain that $100 per ounce, or even significantly higher for silver, is definitely within sight.
?The bull run in silver will not be over until budgets are balanced, interest rates rise, and industrial manufacturers find a replacement for what is one of the most useful elements known to man,? says Dr Lewis.
Silver?s various uses in industry, quite apart from the jewelry industry, ensure continued demand. It has the highest electrical and thermal conductivity of any metal, making it invaluable to the electrical industry; additionally, it is used as a catalyst in chemical reactions. Forecasts suggest major demands on the silver market this year, which will drive prices up. Following the recent dramatic sell-off, silver was predicted to drop to $29 an ounce, but actually bottomed out at $32 and is now consolidating at over $35 an ounce. Taking a long-term view, a look at charts shows that, five years ago, silver was trading at just over $10 an ounce.
The gold-silver ratio is currently around 42:1, which is to say that investors can buy 42 ounces of silver for the price of one ounce of gold, thus providing an accessible entry point into bullion investing. (Courtesy:1888pressrelease.com)
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