Whether you’ve been following the predictions and the changes in precious metals over the course of the year or this is your first wind of it, you should know that there’s a storm blowing through on silver and this precious metal stands to outdo itself again before the year is over. Silver has been the longstanding partner in line behind gold and platinum but those who know to look beneath the surface of the glitter may have already realized that silver is the performer worth taking note of.
James Burbage, III, CEO of Lloyd’s Asset Management, has been right on target throughout the year with his predictions for the success of silver. Not once or twice or even three times, but for the fourth straight prediction in a row, Burbage has hit on silver precisely! “For more than a year now, silver has been performing in positive moves as a result of increased demand and the weakening of the US dollar. Silver is becoming more than a safe haven for investors but a source of significant returns as it continues to push towards new highs,” Burbage says.
You don’t have to be a financial analyst to know that very profitable opportunities have been presented over this year and more may lie ahead as silver is predicted to continue its climb towards new highs in the coming months. Increase in the demand for silver both in luxury goods and in industrial needs, combined with a weakening US dollar are classic market indicators that make the future of investing in silver look very bullish.
Burbage is quite optimistic about the near future of silver and the track record of successful predictions that have paved the path to investment rewards thus far. “I believe silver could still hit new highs by the end of the year, and what better way to ring in the New Year,” Burbage jokes.
With performances like this, it stands to reason that silver is no longer the silent giant and makes for a smart addition to any precious metals portfolio. As this chart (Source: Stockcharts.com) indicates, Burbage’s predictions have landed square on the money with silver currently selling at $18.38. This after a better than 36% upswing over the last five months. We may see silver do things it’s never done before, providing a financial windfall for those who invest in time.
