SILVER WILL BE TOP PM PERFORMER IN 2013
FEBRUARY 1, 2013
Silver will benefit on multiple fronts in 2013. As the global economy picks up, industrial demand will escalate as well. As interest rates rise to curtail inflation, silver should win again, leading experts to believe that silver will be the top performer in the group. According to Joni Teves, an analyst for UBS, “Ultimately it is still the vote of confidence coming from investors that will have the more powerful impact on the silver market. More work needs to be done to encourage market participants to become more active in silver again – less violent price action and/or a stronger price uptrend are likely to attract flows. We have held the view that silver is poised to outperform in a QE environment.