Silver Has Outgained All Other Top Commodities Over the Past Decade
OTCtipReporter.com Provides Stock Research on First Majestic Silver and the iShares Silver Trust ETF
Silver stocks have been on a tremendous run in recent weeks on the announcement of stimulus measures from central banks across the globe. Both the Global X Silver Miners ETF (SIL) and the iShares Silver Trust (SLV) have gained nearly 25 percent in the last month, more than 10 times the gain of the Dow Jones Industrial Average over the same period. OTCtipReporter.com examines the outlook for companies in the Silver Industry and provides equity research on First Majestic Silver Corp. (NYSE: AG) and the iShares Silver Trust ETF (NYSE: SLV).
The Federal Reserve announced the implementation of Quantitative Easing 3, which will focus on bond purchases in the mortgage market sending silver prices surging to a six-month high. Investors have historically flocked to precious metals as bets against currencies in times of economic unrest. The previous round of quantitative easing in 2011 helped send gold and silver prices near $1,900 and $50 an ounce, respectively.
OTCtipReporter.com releases regular market updates on the Silver Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at OTCtipReporter.com and get exclusive access to our numerous stock reports and industry newsletters.
"While silver trades more volatile than gold, when the fundamentals for the safe-haven trade are in place, it performs extremely well and is affordable for any investor seeking refuge from the equity and bond markets or looking to hedge the dollar," said Dawn Bennett, portfolio manager of the Bennett Group of Funds.
Silver has outgained all other top commodities over the past decade. Silver prices over the last ten years have gained 572 percent compared to gold's gain of 428 percent according to a league table compiled by Lloyds TSB Private Banking.
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