Historically, silver rises when and as gold rises. The primary influence seems to be the destruction of the buying power of currency (inflation). However, as we said earlier, things have changed. It’s these changes that make silver particularly attractive now.
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Mainstream Predictions Tout Gold & Silver
Monday, March 16th, 2009Speaking to the Prospectors and Developers of Canada Association (PDAC), fund manager Oliver Frank predicted that silver will end the year in the $25 range. Additionally, he also believes that heightened global investment demand will help gold break the $1,500 mark by years end. The reason? A safe haven response to the onset of (hyper) inflation in the U.S. economy.
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