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February 29, 2012 at 15:45 PM EST
Silver Has Room to Move in 2012, With Mining Companies Along for the Ride
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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