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Thursday, Oct 17
Silver's best days still in front of it, says industry group
- Silver may stay under wraps in the medium term, but the secular bull trend which began at the turn of the century will reassert itself soon enough, says CPM Group in its Silver Long-Term Outlook report, which notes the metal rose at a compounded annual average rate of 23.2% between 2002 and 2011.
- Like corporate managements every April who always forecast rebounding earnings - but not until H2 - CPM sees silver getting its mojo back in the latter half of the next 10-year period.
- Silver ETFs: SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.