Sean Brodrick -

Wall Street Journal Story on Silver

by Sean Brodrick on October 4, 2009

Some highlights from the Wall Street Journal’s story on silver

  •  The metal is up about 47% so far this year, recently topping $17 an ounce, though it has since slipped to about $16.65.
  • The use of silver in industrial applications slipped to 447 million ounces in 2008, down from nearly 454 million ounces the year before, according to the Silver Institute, a non-profit association. GFMS Ltd., a London-based precious-metals consulting firm, says fabrication demand in 2009 is weaker still and will mark a multiyear low.
  • So far this year investors have sunk nearly $826 million into the iShares Silver Trust ETF, according to Lipper FMI. That’s close to equaling the $911 million pumped into that ETF in all of 2008.
  • Silver-centric stocks like Silver Wheaton have nearly doubled this year.

Go read the whole thing, which has been reposted on Yahoo: http://tinyurl.com/y89fuqn

Now here’s a question — does the Wall Street Journal writing a story about silver mark a short-term top in the silver price?

More on this topic (What's this?)
Finding Option-Sized Gains from $25 Silver
Silver To Fly To the Moon?
Read more on Silver at Wikinvest

Related Posts

{ 4 comments… read them below or add one }

Polprav 10.16.09 at 10:27 am

Hello from Russia!
Can I quote a post in your blog with the link to you?

black hattitude 10.15.09 at 5:43 am

Hi,

Thank you for the great quality of your blog, every time i come here, i’m amazed.

black hattitude.

Sean Brodrick 10.16.09 at 12:28 pm

Sure, go right ahead!

George 11.13.09 at 9:52 pm

Sean,

I am a firm believer in silver. I have been investing and reading a lot in the last two years about silver. I love the information you guys give out. I am buying a few hundred shares of your recommendation which produces silver in Mexico. After that, I will have physical silver and then I will have silver through this stock purchase.

Thanks again for the great info!

George

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

I agree to the Terms and Conditions of this blog.