SLV - A Further Correction In Silver Would Be A Scale-Down Buying Opportunity

When digital photography changed the fundamental equation for silver, many analysts believed that the price of the precious metal would never recover. However, demand for silver in computers, cell phones, solar panels, and many other industrial applications rose to more than compensate for the loss from photography. Silver spent most of its time below $6 per ounce between 1989 and 2003. For a lot of that period, the price was below $5 and even ventured below the $4 level. Silver reached a low of $3.505 per ounce in 1991.

At the turn of this century,