The Phaserl


If you believe gold’s going to go up, buy silver

Gold’s more volatile sibling, silver, could be a considerably better investment in a rising gold price scenario, but it still depends on whether or not gold has bottomed.

by Lawrence Williams,

In yesterday’s trade gold moved up nearly $40 an ounce and has maintained its higher level overnight. Silver was initially slow to move, but then also managed a gain of close on $1 per ounce.

While still far short of getting anywhere near their levels of two years ago, this does look as though it could be the start of a general recovery in precious metals prices. The big question, of course, is: is this the beginning of an upwards re-rating, or will we see another stutter and fall back? And, if the former, how high can the momentum carry it?

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