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For Investors, Silver Trumps Gold

Versatile metal gets better returns thanks to industrial buyers

By Kevin Spak, Newser Staff

Posted Jun 4, 2009 1:50 PM CDT

(Newser) – All that glitters may not be gold, but these days you might prefer silver anyway, MarketWatch reports. Silver has rocketed to the top of the precious metals food chain, outperforming both platinum and gold because it’s an industrial material in addition to an inflation hedge. But the outsize gains silver offers also come with outsize risks, because fewer people trade it.

When "prices of precious metals turn higher across the board, silver will tend to move up faster,” said one researcher. “If all the prices come off, you will see silver prices collapse faster.” So far it’s been all upside—the London fixing silver benchmark is up nearly 50% this year to $16 an ounce, a 10-month high, and industrial demand is expected to pick up in the second half.

Silver has actually had a better run than gold lately. (Shutterstock)

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For Investors, Silver Trumps Gold

Versatile metal gets better returns thanks to industrial buyers

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More Newser Stories

Californian Busted for Lucrative Illegal Gold Mine

Sierra Nevada digger hit with environmental charges

Smell Like a Million Bucks: DKNY Sells $1M Perfume

DKNY teams with jewelry designer for luxe bottle

Thanks for Nothing: Pecan Prices Up 22%

Blame China, droughts for soaring cost of Thanksgiving staple

Beck's Favorite Gold Firm Charged With Fraud

Current and former CEO of Goldline face up to a year in jail

Poop-to-Gold Experiment Goes ... Wrong

Belfast alchemist jailed for arson

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For Investors, Silver Trumps Gold

Versatile metal gets better returns thanks to industrial buyers

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OTHER STORIES ON OUR RADAR

investing • inflation • gold • silver

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Californian Busted for Lucrative Illegal Gold Mine

Sierra Nevada digger hit with environmental charges

Smell Like a Million Bucks: DKNY Sells $1M Perfume

DKNY teams with jewelry designer for luxe bottle

Thanks for Nothing: Pecan Prices Up 22%

Blame China, droughts for soaring cost of Thanksgiving staple

Beck's Favorite Gold Firm Charged With Fraud

Current and former CEO of Goldline face up to a year in jail

Poop-to-Gold Experiment Goes ... Wrong

Belfast alchemist jailed for arson

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?