Can Silver Prices Make A Comeback?

The gold-silver ratio tested 89 recently, the highest level since 1993, as silver still fails to show signs of life, but this may be a good opportunity to buy the metal, said Bill Baruch, president of Blue Line Futures.
Spot silver closed at $14.41 an ounce on Wednesday, having stayed relatively flat during the trading session.
“I think there’s going to be a lot of value down here. We could see $14 [an ounce], it’s an eyelash away basically, given some of the moves we’ve seen over the last year, but be ready to buy down there. I think there’s a couple of ways to look at it, and right now, if it doesn’t get to $14, a nice way to get some exposure is to look at selling $14 puts,” Baruch told Kitco News. (show less)

The gold-silver ratio tested 89 recently, the highest level since 1993, as silver still fails to show signs of life, but this may be a good opportunity to buy the metal, said Bill Baruch, president of Blue Line Futures.
Spot silver closed at $14.41 an ounce on Wednesday, having stayed relatively flat during the trading session.
“I think there’s going to be a lot of value down here. We could see $14 [an ounce], it’s an eyelash away basically, given some of ... (read more)

Kitco NEWS

Kitco NEWS
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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