Is it time to add a little silver to the mix in your portfolio? Investors doing so will need to be cautious and patient at the same time.
The market has certainly bounced considerably recently following a brutal years-long bear market where the value of the metal fell dramatically.
The slide in prices started in early 2011, when the price fell from $48.70 a troy ounce to $13.71 by late last year, according to data from the London Bullion Market Association. Prices have subsequently rebounded to more than $16 an ounce as investors piled in.
"We are seeing very strong investment demand and that makes me think silver prices can move higher," says Jeff Christian, managing partner at consulting firm CPM Group in New York, and a multi-decade veteran of the commodity markets.
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