Archive for August, 2006

In a recent article by Theodore Butler over at SilverSeek.com he stated many facts based on his previous bullish look at silver and other commodities prices that make it seem like we should take his newest bullish look at silver a little more seriously. He opens the article by saying.

Since I don’t like to beat around the bush, let me state that right now I think silver is a better investment than it has ever been. Yes, I know silver was much cheaper a short while ago. At that time I tried my very best to convince as many people as I could to buy it under $5. Many did and are glad they bought it.

Aside from that bold opening statement he likes to point out that the current price of just over $10 an ounce (close to $12 as I write this) is still way below what other commodities such as gold and oil have done over the past 2 years.
The demand for silver is there, in jewelery, electronics, and ornamentation, silver is still in. And there are more people in the world than his previous bull outlook. About 500 million more people. 500 million more people to look for silver ot be bought.

He also mentions the ETF’s that have popped up for commodities which have increased demand for the world’s silver markets. SLV, the ishare’s silver traded fund has more than 90 million ounces which is still only 70% of what they want to get to at 130 million ounces. SLV has truly had little effect on price which means we could see the demand shown by that fund to increase the price of silver of the next year or two.

To read more about the bullish look at silver and get some good facts check out the article at Better Than Ever - SilverSeek.com

technorati tags:Silver, Investing, Commodities