Silver Price Forecast: This Could Send Silver Prices Higher in 2016
It’s been a scary two weeks for silver investors, with prices in free fall as investors run away from commodities. The entire precious metal category is suffering, but there’s a— dare I say it—“silver lining” to keep you from getting caught in the panic.
The grey metal has lost 28.44% in the last year, far more than the 15.62% decline in gold prices. Yet most of the headlines you see are about gold. I find it bizarre that investors ignore silver in favour of more expensive minerals. It’s an inexpensive commodity with strong real demand. Moreover, it acts as a great hedge against inflation.
That being said, we can’t ignore reality. Silver prices fell nearly 3.9% in the last two weeks, dragging several miners to the brink of insolvency. Pan American Silver Corp. (NASDAQ/PAAS) lost 20.85% in the same time period, while Hecla Mining Co. (NYSE/HL) shaved 13.69% of its market value. Despite its relatively high margins as a streaming company, even Silver Wheaton Corp. (NYSE/SLW) dropped nearly 19%.
Continue Reading>> Silver Price Forecast: This Could Send Silver Prices Higher in 2016
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