Sprott’s Physical Silver Premium Starts to Fall
Globe and Mail reported that Sprott's Physical Silver Trust is losing its premium to net asset value.
Globe and Mail reported that Sprott's Physical Silver Trust is losing its premium to net asset value.
While silver prices made moderate gains on the day, uncertainty about the global economy continues to erode investors risk appetite. Some analysts have even called into question silver’s role as ‘poor man’s gold’ as a hedge against inflation.
Prices for commodities such as crude oil and copper have been hit by fears that demand may suffer due to the ongoing European debt crisis and signs of economic slowdown in Asia; with the majority of demand for silver coming from the industrial sector it’s hard for the white metal not to get caught up in concerns of slowing global economic growth.
The price of silver has been making steady improvements over the last month since the downgrade of US debt sparked concerns of a second global economic slowdown since 2008.
The Globe and Mail reported that gold investor Eric Sprott is moving some holdings into silver.
The current economic climate in the western hemisphere is reminiscent of the 2008 Crash and the understandable fear that we’re heading into the Great Recession 2.0 has investors seeking safe haven assets. What will happen to silver prices if the current economic crisis spirals into a repeat of 2008?
Silver closed up for the fifth straight day on ongoing supply issues, and concerns over debt, inflation and instability. Most analysts forecast a strong year for silver, with prices outpacing that of gold.
Gryphon Gold Corporation (TSE:GGN) receives the gold and silver assays from the 2010 reverse circulation drilling program for the Freedom Flats Heap at the Borealis Mine Site.
Reuters reports that Shares of gold and silver companies are having their best day since November 10.
Gainspainscapital.com reports that explains what investors should do with their Gold and Silver holdings.
Get our independent commentary on silver trends and companies delivered to your inbox.