Why silver is extremely bullish: Six factors

Wednesday, December 7, 2011
By Paul Martin

By Jim Otis
CommodityOnline.com

With Silver trading over 35% down from its May highs of near $50/oz, silver is looking extremely bullish for a number of reasons and many traders are expecting prices to double or even tripe over the next 6 months. Here are six factors would drive the price of silver higher.

–There are more (probably much more) than five Billion ounces of Gold bullion collecting dust in vaults around the world, and more is added to the vaults everyday because more is mined than is used as jewelry or industry or investment products.

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