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Silver continued its hot streak this year to top $40 an ounce Friday, hitting its highest level since 1980 and pushing its weekly gain to 7.2%.
Investors priced out of gold are flocking to its lower priced alternative. Silver prices are up 31% for the year, with gold climbing only 3.5%. The impressive price climb has many wondering if this run is over or if silver will soar even higher.
Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined host Stuart Varney on FoxBusiness' "Varney & Co." earlier this week to answer investors' biggest silver question: Will silver hit $50 an ounce this year?
Fitz-Gerald discusses where the silver price path is headed and the best ways for interested investors to get in on the profits.
To watch that video, please click here.
News and Related Story Links:
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Varney & Co. Home Page - MarketWatch:
Gold hits record; silver tops $40 an ounce - Money Morning Videos:
Will Silver Hit $50 an Ounce? - Money Morning News Archive:
Articles by Keith Fitz-Gerald
Silver is Hot for investment and Gold is cold for investment return.
In last one year silver give 100% return back to investor.
now a time silver day to day hit the highest price target.
silver is Target month of augest 2011 is 68000 t0 78000
silver is giveing 100% return and gold is giveing 18% return on investment.
Coper is also good for investment coper is giveing 60-80% return
sanjay Thanvi
Silver on the other hand is a completely different story and wont reach new historical highs based just on investor fears or as an inflation hedge but will peak and break through record highs due to consumption and supply demand factors.. Inflation will ultimately come back with some force but we believe there are far better reasons for holding positions in silver..