by Peter Cooper, Silver Seek:
The most volatile of commodities posted a thumping 14 per cent gain last week, its best week in five years. Is this just a flash in the pan or is silver now set up for an autumnal price spike?
Step back a little and consider the win-win position for precious metals. Silver is just a leveraged play on gold, also up by 4.5 per cent last week.
Basically if the recovery scenario emerges on top this autumn then industrial demand for silver is going to be far more robust than anticipated by the price crash of April. If the US uptick makes it to the eurozone and UK and China stabilizes then silver is overdue for repricing as an industrial metal.
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