The latest round of risk reduction by global hedge funds bashed silver (SLV), knocking $2.50 off of the $19.50 high seen in the heady days of May. Today we have made it back to $18.67, indicating that the white metal is holding up far better than it has in past sell offs. Silver has always been an odd duck in the precious metals world, with half of the demand coming from industrial applications, and the other half coming from monetary demand. The recent strength suggests this balance is now shifting in favor of the latter, and could have much farther…
For centuries silver has always played "second fiddle" to its "prettier, more popular cousin," gold. While gold has continued to be the precious metal that everybody wants, loves and adores, wise investors are now beginning to take a good look at the value of silver in a diversified portfolio. Here’s why: As the entire world continues to rapidly advance into the realms of modern day, state of the art technology, medical research and infrastructure building, silver is duly noted as a far more useful metal that touches all our lives on a moment to moment basis. The basic science of…