Silver & PGMs Poised for Another Strong Year

- January 3rd, 2011

Oilngold.com reports that Silver’s rally outperformed gold’s +30% gain in 2010.

Oilngold.com reports that Silver’s rally outperformed gold’s +30% gain in 2010.

The editorial is quoted as saying:

Industrial demand contributes to 50% of silver demand in the world. As the world economy recovered from recession, global industrial production recorded +7.7% y/y gain as of October 2010. This revived optimism of fabrication markets. Meanwhile, investors found silver as ‘the poor’s gold’ and rushed to the metal amid loose monetary policies in developed countries. We remain bullish on the metal in 2011 and investment demand will continue to be the biggest driver.

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