Silver Predicted to Outperform Gold This Year

Investors were buying PMs today seeking the safety that the shiny stuff brings over a pandemic of struggling currencies. The EU's multibillion-euro bailout for Greece is sketchy on details and now Spain is at risk for losing its triple-A credit rating from Moody's along with the U.S., U.K., France and Germany. If the EU continues to follow the precedent that no member of the eurozone can be allowed to default, many analysts are anticipating further euro debasement and subsequent inflation.

That is thought to cause today's silver price jump.  Silver increased $0.23 per Troy ounce to close at $17.34.  Also, today there was  a very interesting video on TheStreet.com that I recommend everyone watch.  In this video, Alix Steel reported that David Morgan, founder of Silver-investor.com expects that silver will outperform gold by as much as 30% this year.  The link to the video is here.



A book on silver investing by Harvey Snyder
Investors which way to go, silver: Truly one of the best hedges against inflation