Highly Volatile, but Silver to Rule for Some Time
Source: Commodity Online (3/13/09)
". . .silver has become the toast of investors now with more returns assured."
In fact, silver has become the toast of investors now with more returns assured. Silver enjoyed a strong run last month, which saw the metal's price rise 16% compared to gold's 11% rise.
According to ScotiaMocatta since the lows in October 2008, silver has climbed 71% compared to gold's 48%.
In a recently published analysis, ScotiaMocatta also said gold will remain highly sought after regardless of whether we see deflation or inflation, as people seem to be turning to gold as a hedge against money and economic disorder.
While silver prices are now correcting and the pull back may have further to run, ScotiaMocatta advised the overall financial climate is bullish for safe haven investments and silver is well placed to benefit from that.