Silver to Rise but Tarnished by May's Rout

Source:

"Silver prices look set for further gains after rallying more than 15% this month on gold's coat-tails."

Reuters, Jan Harvey

Silver prices look set for further gains after rallying more than 15% this month on gold's coat-tails, but the metal will struggle to revisit this year's record high near $50 an ounce after investors were burnt by May's heart-stopping price correction.

Silver was one of 2010's best-performing commodities and surged to a record $49.51 an ounce in April as investors favoured precious metals as a safe store of value during the euro zone debt crisis. . .View full article

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