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Since we called a major reversal in precious metals prices on February 8, silver has surged roughly 35%, surpassing $40 for only the second time in history. Although a correction will soon follow, silver is nowhere near topping out, and will continue to outperform gold until parity is reached.
Some PM analysts think our bullish projections are oblivious to silver's "downside risk." Shaken out of the silver market in 2008 after the massive, but quick 65% price correction, such analysts prefer investing in gold which seems to retreat less than silver during global market selloffs.
Notwithstanding, silver prices fell only 1.67% over just one week during last month's major selloff, signaling it is no longer as reactive to industrial demand as platinum, which tanked nearly 7% over a longer period of time.
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