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Why are investors so bullish on silver?
Posted By -NO AUTHOR- On 11/21/2012 @ 11:52 pm In Money | No Comments
(OilPrice) A lot of people seem to be trying to find reasons to buy silver.
In fact, there appear so few detractors that you wonder why it isn’t already at $50 per ounce. The main argument against that appears to be the not-unreasonable position that silver consumption is nearly 50-percent industrially dependent.
So with industrial growth slowing in Asia and heading into reverse in Europe, what hope is there for industrial consumption? Not so fast — supporters counter this with a range of counterarguments.
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