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Silver Price Forecast: Here’s Why Prices Could Be Going a Lot Higher
Silver prices have plunged more than 67% since the metal’s peak in April 2011. The weird thing is that fundamentals of the grey metal have remained solid. Based on the following points, investors should have a bullish silver price forecast.
Spot Price Greater Than Near-Term Futures Price
There is an interesting pattern for silver prices in the market. If you compare the spot price of silver to the near term futures price, you will see that the spot price is actually higher than the futures price due for delivery in a few weeks.
Under this price pattern, investors could sell their silver today in the physical market, and then buy it back in the futures market a few weeks later and profit. Moreover, investors could also avoid the storage cost over this period.
Continue Reading>> Silver Price Forecast: Here’s Why Prices Could Be Going a Lot Higher
