The Conversation (0)
CNBC reports that investor demand has sent silver futures to their highest prices in 31 years.
CNBC reports that investor demand has sent silver futures to their highest prices in 31 years.
The market news is quoted as saying:
“Silver has been in a secular bull market for over a year,” notes trader John Netto, president of M3 Capital. “This is not a fear trade or a trade to control risk.” Indeed, silver futures have skyrocketed 105 percent in the past 12 months. While gold prices hit a nominal all-time high above $1400 an ounce earlier this year, silver is still nearly $20 shy of its record peak. Many traders, like Netto, believe silver has far more room to run.