Behind Silver ETFs' Meteoric Rise

"Poor man's gold has embarked on a seemingly unstoppable climb."

Exchange traded funds (ETFs) that deal in "poor man’s gold” have embarked on a seemingly unstoppable climb amid rising gold prices and quantitative easing in overseas economies.

The Bank of Japan’s moves early today were the most recent impetus driving silver prices higher, after the country’s central bank snapped up both gold and silver to cover bearish positions, reports Gold News. Domestically, there’s some belief that the Fed will do more quantitative easing, which could weaken the dollar and further benefit silver and gold.

Silver is currently at 30-year highs, reports Jijo Jacob for International Business Times. Still, the gold-to-silver ratio is below 60, which is its lowest level in more than a year.

On the Tokyo Commodity Exchange, open interest in silver have increased by 20% since last Friday, writes Dave Forest for Oil Price. Silver open interest in Japan has been continuously rising for the past six months as “non-commercial customers” increased their demand for the precious metal as a store of value.

Silver is an attractive investment because it’s cheaper than gold, it has industrial applications and silver retains its monetary value, comments Jeff Clark for Casey Research.

Silver is more volatile than gold, though. Its smaller market size makes it far more sensitive to shifts in demand. Any dips in global industrial output may constrain growth in silver prices, so have an exit strategy in place if this trend winds down.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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