The Phaserl


Gold second-best to Silver

by Thomas McMahon, Bullion Street:

Investors in silver ETFs have beaten the gold bugs in 2012 according to data from FE Analytics, with the price of the former metal doubling the returns of the latter.

This means that silver has outperformed gold over five, three and one-year periods, despite getting less attention from investors and the press.

According to Nicholas Brooks, head of research and investment strategy at ETF Securities, 2013 could be another good year for the metal, which is likely to do well in an improving world economy.

“Increasing signs of improving global growth and continued strong central bank commitment to highly accommodative monetary policy, indicates that the first part of next year has the potential to be a good one for cyclical and risky assets,” he said.

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