Friday, October 14, 2011

Silver Price Rise in Context

Silver's rise in context. From Bespoke, This Silver chart really needs no explanation.

The Truly Remarkable Run of Silver

Thursday, April 21, 2011 at 03:23PM
As gold continues to receive all the headlines, silver continues to look at the yellow metal in the rearview mirror.
Below we highlight a few charts and tables that show just how remarkable the run for silver has been. Had you invested $100 in silver ten years ago today, your investment would now be worth $1,037. A $100 investment in gold would be worth about half that at $569, and a $100 investment in the stock market (S&P 500) would be worth -- wait for it -- $107.48.

The two main silver ETFs (SLV and DBS) have gone absolutely parabolic over the past few weeks. Both are currently trading more than two standard deviations above their 50-day moving averages, and just when they seem about as overbought as they can possibly get, they get even more overbought.

From Bespoke Investment Group
Read full article here.

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