Silver to remain strong, huge upside.
Silver being even rarer than gold in nature and in market’s supply, it’s price will continue to be rock solid for years with mild appreciation due to the inflationary pressures of of the world’s fiat currencies. It’s upside in the longer term is huge. When economies start to recover the demand for this industrial precious metal will skyrocket.
Silver futures for March delivery rose 37.7 cents, or 1.2 percent. Among most raw materials only cotton has had a bigger annual increase than silver.
The fastest-growing economies at present are very commodity-intensive. Commodities will be under pressure in terms of price and scarcity.
Silver futures reached a record $50.35 in 1980, they are poised to reach greater heights still.
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