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Jul 3

Silver: Is it more promising than gold?

Posted by abiao at 08:28 | Default | Comments(3) | Reads(1875)


The spotlight on gold has prevented other precious metals flourishing on the stock market. One precious metal that has consistently been undervalued is silver, which is quite surprising to Ed Steer, a member of the Gold Anti-Trust Action Committee, as the commodity, in his eyes carries the most potential. Since New Year’s Eve, silver prices have been up by 7%, and although there was a slight dip in value on the last day of June (prices declined by 0.8 %), the precious metal is headed in a promising direction. Both gold and silver are on the way to their greatest first-half gains since the metals’ record poor performance in 2011, yet gold persistently outshines silver on the commodities trading market.

Silver is deeply undervalued, which increases the disinterest and discouragement in the metal, but contrarian investors have a different viewpoint on the matter. Often the perfect time for purchasing stocks is during price dips so that there is a lesser amount to invest in, with a high possibility of greater returns. A contributor from Seeking Alpha, a platform of investment research, firmly believes that silver has bottomed out, thus prices will steadily climb with the rise of industrial demand in the global economy. Mike Maloney from GoldSilver.com relies on the gold-silver ratio, purchasing more silver when the ratio is greater and only purchasing gold when the said ratio is much lower. This is yet another form of contrarian investing, as most people’s instincts would be to buy silver when the price gap is minimal. The current value of gold can be compared to the price in real time  for silver to determine which way contrarian investors are swaying.

Despite the 0.8% dip earlier, a graphical analysis indicated that silver had an overall gain of 0.19% recently and is at the beginning of a rising channel. Although ascending channels have a tendency of progressing to a downfall, the pattern displayed by silver doesn't appear too steep, indicating a steady climb over a long period of time. The accelerating rate of silver may not be as high as the gold's, but industry experts are confident that silver is outperforming gold at present.


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