Silver Price Tough to Predict, but Likely Will Follow Gold

At the end of last week, Mineweb’s Lawrence Williams published an article in which he discusses silver’s recent gains, noting that the white metal recently soared 13 percent in just a few days.

While that’s encouraging, he cautioned that it’s tough to predict what the silver price will do. That said, he sees it following gold:

Undoubtedly some of the cream will have been due to short covering, but the movement does suggest that should there be a significant upwards move in the gold price, as some technical analysts suggest, then the potential for a much more dramatic rise in silver is very much with us.  Conversely, of course, should the gold price fall back drastically between now and the end of the year, silver investors could face some very sharp losses such is the metal’s volatility in comparison with its yellow sibling.

Click here to read the full Mineweb report.