Profitting from Silver's Record Rise
Silver often disappoints investors, but it may now have room for further gains, says Dominic Frisby.
The price of silver has surpassed the $50-an-ounce mark, a psychologically significant barrier that has halted its progress in the past, notably in 1980 and 2011.
Nothing can stop silver, it seems. Not even the $50-an-ounce mark.
A supply squeeze may be looming due to increased demand from investors, which has created a shortage in London where supply was already tight. Lease rates, the cost of borrowing the metal, have jumped by up to 30% in recent days.
Author's summary: Silver's price surge may lead to further gains.