2024-02-13 01:00:00 ET
Summary
- Silver trades like an industrial metal most of the time, driven more by commercial supply and demand factors than investment interest.
- Silver shines when the focus on it shifts to speculation and it becomes a financial metal.
- Silver call option sellers receive money in exchange for the obligation to sell silver futures at a specific price for a certain timeframe.
Silver is a troubled metal. Stuck in a wide trading range since hitting $30.35 per ounce four years ago, silver is miles away from its all-time high of over $49 per ounce set by the futures market back in 2011. By contrast, gold futures traded to an all-time high of $2,152 per ounce as late as December 2023. Gold is within striking distance of this price as we write this. Has silver lost its luster? If not, why is it so far behind? ...
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Silver For Pennies-On-The-Dollar