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The majority may be bullish on stocks and bearish on silver, but silver prices are set to rise. Many catalysts may soon send the price of silver upward, and silver stocks are set to profit. Below are three silver stocks to watch in 2015.
The bull market recently celebrated its six-year anniversary and many are saying there’s still lots of running room. Silver, on the other hand, is expected to drop for a record fourth year in a row. Despite the pessimism, there are a number of reasons why silver prices could rebound—and why it’s better to strike when the iron—or in this case, silver stock—is cold.
For long-term silver investors, current prices and long-term metrics signal another great entry point.
Between 2001 and 2011, the price of silver skyrocketed to a 30-plus-year high, from around $4.50 to almost $50.00 per ounce. Silver’s strong price growth came as investors sought to hedge against economic uncertainty and a weak dollar, strong physical demand in Asia, and increased industrial demand.
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