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Silver Has Room to Move in 2012, With Mining Companies Along for the Ride
Posted on February 29, 2012 at 15:45 PM EST
The price of gold may be garnering attention for its gain so far in 2012 but it's silver that's boasting the best performance year-to-date in the precious metals space. Earlier this week silver reached its highest price since last September with the March contract moving above $37.00 an ounce to settle at $37.14 an ounce on Tuesday. As of Tuesday the metal had gained more than 30% in 2012. On Wednesday however the silver price took a tumble falling 6% by mid-afternoon following comments by Federal Reserve Chairman Ben Bernanke that reportedly didn't mention any further quantitative easing. Jeff Wright ...
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