My Silver Forecast Shows When It Will Top $22
One of silver's biggest strengths is its versatility...
It's a monetary metal, a proper currency. It's a critical industrial material used in everything from automobiles to solar panels. And of course it's an ornament, too, that people wear as jewelry.
Here's the thing... As diverse as it is, the global silver market is relatively "small"; as of 2014, the physical market had about $20 billion in play. So this versatility and small size can add up to volatility. The silver market can explode and recede like a wave, sometimes in very short order.
Silver's price is highly influenced by gold's price, too, though there are many other drivers and catalysts at work.
But right now, silver's relationship with gold and a combination of those other forces are all are working together to ensure that silver is unnaturally, incredibly cheap.
Tags: Silver ETFs, silver forecast, silver price, Silver Prices, silver prices 2016
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