Last week was punishing for silver prices once again, as the silver futures market sent out bearish signals and the white metal fell below its lowest levels on the year.
But if you've followed the silver futures markets this year you'd realize these current doldrums are only preceding a much more substantial rally.
Here's why silver is gearing up for a rally, and why now it is a good time to jump in...
Last week was punishing for silver prices once again, as the silver futures market sent out bearish signals and the white metal fell below its lowest levels on the year.
But if you've followed the silver futures markets this year you'd realize these current doldrums are only preceding a much more substantial rally.
Here's why silver is gearing up for a rally, and why now it is a good time to jump in...
Silver futures activity has been smothering prices, with the white metal trading down seven of the last eight weeks as it nears three-month lows.
And not surprisingly, speculators have taken center stage in this protracted bear session, adding to their short positions for the fifth straight week.
In this time of economic uncertainty, investing in silver and other precious metals instruments is a must.
By devoting even a small portion of a portfolio to precious metals, investors gain valuable protection against inflation, stock market drops, and any other repercussions from Washington's debt-ceiling drama.
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While silver demand among U.S. traders at the moment is muted, silver demand in India - the world's biggest buyer of the white metal - is insatiable.
It will be one of the biggest factors supporting higher silver prices in 2014.
And it all stems from a move the government made to limit gold buying...
And it's created a rare opportunity for silver investors right now...
