Will the Price of Silver Go Up in 2013?

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After this week's performance, we're getting more questions along these lines from Money Morning members: Will the price of silver go up in 2013?

Silver prices closed out a volatile week down $0.91, or 4.61% at $18.81. This week's loss continued silver's painful slump in 2013.

The white metal, down roughly 35% year-to-date, has even fared worse than gold, which is down about 20% in 2013. The serious slump in gold prices, tame inflation and record stock market rallies has taken some of the shine out of silver this year.

Since silver is more volatile than gold, it has underperformed – typical of a bear market.

Money Morning's Resource Specialist Peter Krauth explains, "Because the global silver market is relatively small, silver prices tend to be more volatile. But volatility works both ways, so when silver rises, its price can explode higher. That's exactly what happened in April 2011, when silver prices rose by 170% in the space of just seven months. That's why silver investors say investing in silver is like buying 'gold on steroids'."

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  1. H. Craig Bradley | July 6, 2013

    One more advantage for silver: Its price and supply can not as easily be manipulated by the world's central banks and by so-called "bullion banks". The New York FED told Germany it will take 7 years (2020) to return its gold held on deposit. It is suspected that the FED loaned out Germany's gold to "bullion banks" for a fee. Call it fractional reserve gold banking. More fraud.

  2. marcus hansen | November 1, 2013

    I have heard this time and time and time again. Silver prices are going to soar through the roof. One example is someone predicted that silver would rise to $250 by the end of 2013.

    There are literally hundreds out there on the Internet making predictions, that who are you to believe? Just like back in the 1980's and the Hunt brothers causing a massive 'buying' opportunity that even got me caught up in the buying frenzy.

    I still have some physical silver bullion from that time that I have been sitting on since then for this great silver price explosion to appear. Like I said above, with so many predictions on silver prices, one does not know whom to believe.

    It would be nice to have some statistics to back their claims on their prediction reliability, if this indeed can be done.

    Marcus

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