“How you look at silver will depend on your trading timeframe,” said the Senior Broker. “Silver is performing in a choppy manner right now.” Many of the retail clients at Qualified FX are long-term silver holders that have benefited from their investments in silver with Mr. Taylor in the past.
“If you can weather a little bit of volatility, you could reap some healthy benefits investing in silver,” Taylor added. “Silver’s price has tripled since 2008 and is expected to reach $40 this year. During January, silver actually gained 3.4% as compared to -0.5% for gold. As economic growth increases, demand for silver in a diverse variety of industrial applications also increases.
“It is a good sign when Silver Bullion, one of the oldest physical silver dealers in Singapore, reports that their sales have tripled since October 2012. Keep your eye on the economy and watch silver soar,” says the Qualified FX Senior Broker.
Disclosure: Bill Taylor and other members of the Qualified FX brokerage team hold several call options in silver with various expiry dates.
Qualified FX was set up almost ten years ago to provide commodity and forex trading accounts to both retail and institutional investors in almost 80 countries.
We maintain corporate offices in both Tokyo, Japan and San Jose, Costa Rica and as such are ideally placed to access all commodity and forex markets around the world. Trading never closes at Qualified FX.
To open an account or just for more information about forex and commodity trading please visit our website at http://www.qualifiedfx.com
Risk Disclosure: Past results are not indicative of future performance. Commodity and Forex trading is not suitable for every investor and as such only risk capital should be used.