Thursday, April 5, 2012

Silver : Superb choice for investors

FLORIDA: Silver will be the emergent king for precious metals investing in 2012 as a manufacturing boom will push its price upwards to $150 per ounce by the end of year, predicts Stephen M Smith, Managing Member of Smith McKenna, LLC.

Smith points out that in today's economy it is crucial to diversify investment portfolio, and commodities like silver is a superb choice.

According to Smith, who has over 20 years of experience in precious metal commodities and nobly boasts the lowest spreads in the commodities investing market, emerging dynamics are already spurring silver to experience its best quarter in a year's time.

He says,”The dynamics of Silver clearly dictate that it is undervalued many times over and holds the key to tomorrow’s new technologies.”

Also, he adds,”Without the Japanese tsunami, then a Greek crisis, a U.S. budget fight, and finally - the flooding in Bangkok; the global manufacturing data would have skyrocketed and sent Silver to the prices now enjoyed by less used metals like gold, palladium, and platinum.”

Smith notes that a lot of the hype behind precious metals investing in today’s market rests with gold, but silver should not be ignored and could now emerge the leader of the market. Silver is on par to experience its best quarter in a year’s time, something that is reinforcing that very notion.

Silver has reached a high so far of $33.13 per ounce and a low of $32.95 per ounce