Silver rose as high as $41.98 an ounce this week - a 31-year high - and has remained above the $40-an-ounce level. That means that the "other" precious metal is up about 32% so far this year - and has more than doubled since Money Morning recommended it to readers in early September.
But where does it go from here? And how should investors position themselves? To answer those questions - and others - Money Morning brought its top "gurus" together for a roundtable discussion.
For this discussion, Money Morning Executive Editor William Patalon III and Associate Editor Kerri Shannon sat down with Money Morning Chief Investment Strategist Keith Fitz-Gerald, contributing editors Shah Gilani, Martin Hutchinson and Peter Krauth, and Contributing Writer Jack Barnes, the author of our popular weekly "Buy, Sell or Hold" feature.
The consensus: The long-term outlook for silver remains bullish, and a projected near-term pullback might even be healthy. But certain stocks and exchange-traded funds (ETFs) will likely be winners, and certain metals dealers are more reputable than others.
What follows is a transcript of that silver investing strategies roundtable discussion:
For our forecast for silver prices - and our top profit plays - please read on...