Here’s the case:
- Silver is less than $1 away from its recent nominal highs of $31.2375, reports Tyler Durden for Silver Hedge.
- Mark Thomas for Commodity Online reports that silver is undervalued right now and the physical market is tight, creating a recipe for some possible moves.
- According to CoinNews, the renewed concerns about inflation and a weaker U.S. dollar are still playing on investors need for safer haven investments. With quantitative easing also a huge factor, the precious metals could be in a solid position.
Global X Silver Miners (NYSEArca: SIL) are an option if you’re more into equities, though they don’t offer the same safe-haven benefits. The good thing here, though, is that when prices are high, profit margins tend to be pretty nice, too.
Disclosure I am long SLV shares.