Thursday, May 7, 2009

Silver Looks Set to Outperform Gold in 2009

Financial reporters and financial analysts are predicting that silver will outperform gold during the last six months of the year, as demand for silver as an investment compensates for the slump in industrial demand.

The relative value of silver compared to gold had weakened towards the end of 2008 but has been recovering since the beginning of this year. At the start of 2009 the price of silver was approximately 9.5% higher than at the start of 2008. On the other hand, the price of gold is now slightly lower.

Early predictions are indicating that silver prices will continue to strengthen through the year.

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