Hedge Funds Bullish On Silver

Bloomberg reported that hedge funds noticeably more bullish on silver in seven months as investors speculate that the white metal will outperform gold as central banks seeing to boost growth.

As quoted in the market news:

If history is any guide, silver will beat gold after the Federal Reserve announced a third round of debt-buying and central banks from Europe to Japan pledged more action. Silver rose about 53 percent in the Fed’s first quantitative easing from December 2008 through March 2010, twice as much as gold, and 24 percent during the second phase ending in June 2011, three times as much. Silver will probably keep beating gold in the next several quarters, Morgan Stanley predicts.

Click here to read the full Bloomberg report.