The Conversation (0)
Writing for Profit Confidential, Michael Lombardi said that while the price of silver is not doing well, the supply-demand situation for the metal is still encouraging.
Writing for Profit Confidential, Michael Lombardi said that while the price of silver is not doing well, the supply-demand situation for the metal is still encouraging. As a result, he believes much better times are in store for the white metal.
He states:
I ask: has anything changed for silver? The only change is that the media is telling us the economy is doing better; hence, investors are not buying into the precious metal sector. But the reality of the situation is that the supply of silver in the market is declining, while demand is rising by the double-digits.
Pessimism towards the ‘poor man’s gold’ has gone too far. In fact, I’m expecting silver to provide investors with a better return than gold bullion over the next 24 months.