As silver trades near seven-year highs, here’s why investors continue to pile in

CNBC/Vicky McKeever

“[Saxo Bank’s Ole]Hansen described silver as ‘gold with a little bit of a rocket attached,’ as it tends to rally ‘higher and faster” than its pricier peer.  This is due to it lower liquidity, although this can also result in a sharp downturn and ‘really knock you out … when it corrects.’ For example, in March when markets sold off in investors ‘dash for cash’ and hunt for greater liquidity, silver got ‘utterly hammered,’ falling over 30% to trade around $12 an ounce.”

USAGOLD note:  Those who own silver for the long run should prepare themselves for greater volatility in the short run – both up and down. A large proportion of USAGOLD silver investors – particularly those that want to take a large position in the metal – open storage accounts with our Delaware depository for flexibility, liquidity and safety. If the need arises, you can take delivery of all or a portion of the account. Please call our Order Desk (1-800-869-5115 x100) for further information.  It’s easy to set up an account.

Repost from 8-14-2020