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Is Now the Time for Silver ETFs to Shine?



May 8, 2009 by · Leave a Comment 

tom lydonTom Lydon (ETF Trends) submits:

In March 2008, silver hit a peak before falling nearly 60%. In 2009, the metal and its related ETF appear to have been focusing on polishing up. Lara Crigger for Hard Assets Investor reports that the metal has earned back 24% in the first quarter alone this year.

Silver is more of a quiet metal, compared to gold, which gets the bulk of the media attention. But silver is useful as a store of value and is used as an industrial and monetary asset. Here is are some of silver’s diverse uses:

  • A main ingredient for several industrial applications; demand in industry has risen every year since 2001
  • It is the best electrical and thermal conductor, the metal is perfect for high-performance electronics or high-voltage circuits
  • The metal is even a natural biocide, which is handy in sterilization and treating wounds
  • Silver’s high reflectivity makes it a must for fine-precision optics, and photosensitive silver compounds are the engine behind photographic film

    • Read more »

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