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12-02-2011, 02:23 PM #1
Silver To Rise On Currency-Commodity-Industrial TripleWhammy
Silver To Rise On Currency-Commodity-Industrial Triple Whammy
By Agustino Fontevecchia | Forbes – 12 mins ago...
After peaking at an all-time nominal high of almost $50 an ounce back in April, silver tumbled and moved to the background, as investors’ attention shifted more to equities and the crisis in Europe. But, after gold was pushed back onto center stage by a global central bank liquidity-bailout, silver appears well positioned to benefit, HSBC’s Jim Steel argued.
Silver suffered a 38% correction this year from its peak but remains up more than 5%, outperforming most asset classes. “If silver were a currency, it would be up against everything but the [Japanese] yen and gold,â€NO AMNESTY
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