Excited Over Silver? Here’s What You Need To Know


Silver has really stolen the show in the precious metals space, but one veteran trader says it may be best for investors to just sit and wait. “Silver could push a little higher but I would be very hesitant to bring new money here,” Todd ‘Bubba’ Horowitz, chief investment strategist for BubbaTrading.com, told Kitco News coming back from the long weekend. ‘You know I love silver but at this point, I think you’re much better waiting.’ Silver prices managed to spike to a two-year high over the weekend, hitting the $21.50 an ounce level, after slightly pulling back. September silver futures settled Tuesday up $0.319 at $19.907 an ounce. Meanwhile, gold continues to attract risk-averse investors, settling the day at $1,358.7 an ounce, up $19.70.

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: — Or join the conversation on social media: @KitcoNewsNOW on Twitter: — Kitco News on Facebook: — Kitco News on Google+: — Kitco News on StockTwits:

From http://jarrettboone.blogspot.com/2017/03/excited-over-silver-heres-what-you-need.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s