Do you know why it's going up?
If no you could be in for dissapointment if it turns out to be some corporation hoarding it to drive up the price before selling for a massive profit, for example.
(Me, I'm not... in any way intoxicated, Thu 28 Apr 2011, 17:26, 1 reply)

There's always ifs and buts, and it is a risky investment
but, nowadays it's being seen more as a store of wealth now that gold is too expensive for a lot of people, especially in the Asian countries.
The Chinese and Indians are buying loads.

Plus, there's always gonna be a need for Silver as an industrial metal for it's shinyness. It's the most reflective and electrically conductive metal. Used in all sorts of stuff.

It's never recycled and the USGS reckons that at current mining VS consumption levels, above-ground Silver will be gone in about 20 years.

Also, there's the JP Morgan and HSBC price fixing thing that's been holding down the price for years, but I won't go into that.

But only time will tell.
( underpont making all kinds-a-gains, Thu 28 Apr 2011, 17:46, closed)

Fair enough -- sounds like a calculated risk.
I'm always scheptical of metals pricing knowing that, for example, platinum prices are dictated by a certain supplier and gold seems to be fluctuating far too much for something in pretty regular demand, nay, need.
(Me, I'm not... in any way intoxicated, Thu 28 Apr 2011, 18:16, closed)