Seeking Alpha

While speculative bets on higher silver prices have plummeted 72% since February, investor...

While speculative bets on higher silver prices have plummeted 72% since February, investor demand stays strong - silver held by ETPs has risen nearly 800 tons this year to about 18K tons (let's face it, plenty of this is speculative). Industrial demand may be bouncing back as well, with warehouse stockpiles falling last month for the first time since November.
Comments (4)
  • Long position on SLB.
    While disappointed with the drop in silver prices and slow recovery I remain optimistic long term. The switch to digital photography and less use in x-ray has hurt the price but still reading where more silver being used in unrecoverable applications than being found. Bound to head back up and I feel percentage wise much higher than gold.
    14 Aug 2012, 08:01 AM Reply Like
  • With the way paper money is now and will be printed,that flooding of paper will boost all precious metals to heights that no one is predicting now.
    14 Aug 2012, 08:04 AM Reply Like
  • I expect equities to fall through the floor and commodities to shoot througg the ceiling,
    14 Aug 2012, 08:07 AM Reply Like
  • Looks as if the move has started! GO SILVER.
    21 Aug 2012, 10:14 AM Reply Like
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