28
September
Silver At 30-Yr High As Investors Eye Potential Gains - GoldCore in WSJ
28 September 2010 Wall Street Journal
Silver is vaulting higher, with the often-neglected relation to copper and gold hitting a new 30-year peak Monday amid a speculative, momentum-driven rally.
The specter of deflation and the high level of uncertainty surrounding the economic outlook in the U.S. and Europe is adding to silver's allure, boosting the metal to $21.61 a troy ounce in early European trade.
"Technical traders and fundamentals investors are now looking at poor man's gold and scent an opportunity," said of Mark O'Byrne, director of Dublin-based precious metals dealer Goldcore.
