Oversold Territory for ETFS Physical Silver Shares
Forbes reported that ETFS Physical Silver Shares appear to be oversold.
Forbes reported that ETFS Physical Silver Shares appear to be oversold.
A recent roundtable argues in favor of owning silver in its physical form.
Reuters reported that iShares Silver Trust shares fell just before a recent drop in silver prices.
Seeking Alpha reported on traders' bets that silver prices will drop again by the end of the year.
Bloomberg reported on an increase in trades of bearish options on a silver ETF.
Bloomberg reported on a major trading bet that a silver ETF will fall significantly by July 2011.
The price of silver has increased 70 percent in 2010. Supported by economic concerns and rebounding industrial demand, silver shined. The economic concerns and loose monetary policy in the US and Europe persist, adding to inflationary fears. While there is healthy debate on where the price is headed most analysts see the bull market for silver continuing in 2011.
JP Morgan’s short positions on silver may just blow up in their face. As the price of silver climbs, claimed to be manipulated downward by JP Morgan, the banking giant may lose a lot of money if reports f their short positions are correct. Many analysts see these factors as nothing but positive for the price silver as investors look to ‘poor mans gold’ as a play against current monetary policy.
In uncertain times, investors shy away from bold assets and play it safe with what they know to be solid; silver and gold. With the markets rattled over the debt crisis, silver and gold prices are rising in response.
Benzinga.com reports that Silver is severely underperforming gold in Tuesday's trading session.
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