Why does a silver investment have a better profit opportunity?
*MarketWatch, by Moming Zhou, August 14, 2009
“Gold futures rose Friday, poised for a slight weekly gain, as the U.S. dollar fell after consumer price data, raising gold’s appeal as an alternative investment.
In other metals, silver climbed above $15 an ounce to hit a two-month high as hopes for an economic recovery raised expectations that industrial use of the metal will increase.
On the Comex division of the New York Mercantile Exchange, December gold futures, the most active contract, rose $2.50, or 0.3%, to $959 an ounce. The less active August contract gained $2.70, or 0.3%, to $957.40. The contract is heading for a weekly gain of less than $1 an ounce.
September silver contract rose 1.3 cents, or 0.1%, to $15 an ounce, after hitting $15.185, the highest level since June 11.
‘Thanks to its widespread industrial use, silver benefits, even more than gold, from current economic hopes,’ said analysts led by Barbara Lambrecht at Commerzbank, in a note. ‘Furthermore, in contrast to gold, investors continue to show strong interest in silver.'”
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