Silver Prices: Is 14% Enough for 1 Month?
- Volatility in silver prices has jumped from early June's 7-year low. But options contracts will still look relatively cheap to hot-money players wanting to find action somewhere...anywhere...in financial markets which have turned distinctly boring everywhere. Pushing silver prices north by taking the other side of the bet will surely appeal;
- Industrial demand looks solid. Added to silverware demand, in fact, it's likely to match silver mine output for the first time since 2011...and mine-supply growth is set to flatline from 2015 according to French investment bank and London market maker Societe Generale;
- Physical investment meantime remains strong, defying long-term industry experts as private buyers just keep on stackin'. But ETF trust fund traders are no more immune to a little profit-taking that BullionVault users. The big SLV trust fund has shed 1.3% of its holdings since Friday 22 June, some 140 tonnes.