Silver undermined its appeal to investors as a cheaper alternative to gold. Although investment environment is also bleaker than it was last year for friends of silver.Mitsui Precious Metals strategist David Jollie commented "There are two issues that in the short term suggest we are not going to head back towards $50. One is that margins on Comex are still higher than they were last year, so investors are going to have to come back in more weight to drive the price further. At the same time, silver turnover on the Shanghai Gold Exchange is relatively low compared to where it was last year"."Silver's volatility is probably going to provide an opportunity for investors to push it higher, if they want to. But they are going to have to put in considerably more effort to reach the same levels as last year," he said.Silver hit a record near $50 an ounce a year ago on the back of rallying gold prices, after precious metals became increasingly in demand as policymakers and markets struggled to recover from the financial crisis.A recovery in gold prices this year after late 2011's washout and decent seasonal coin-buying in January have helped silver to outperform other precious metals.
NOTE: Buy SILVER COIN as low as RM33 or SILVER BAR as low as RM230
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