Silver has had a rough year, slumping to major new secular lows. After sliding on balance for years now, even the diehard silver bulls are losing faith in their metal.
Despite its vexing slumber, silver’s price-appreciation potential from today’s levels remains enormous. Between radical under-investment and very high speculator silver futures shorting, silver is poised to see massive buying as gold recovers.
Like all markets, silver is forever cyclical. It perpetually meanders from in favor to out of favor and back again. And after falling on balance for years as QE3 sucked capital and interest away from portfolio diversification with alternative investments, silver is way overdue to reverse into its next major bull.
The brave contrarians willing to buy silver and its miners low before this becomes widely apparent stand to earn fortunes.
Editors note: Adam Hamilton of Zeal Speculation and Investment was one of the few contrarian analysts who correctly predicted that silver would rise from below $5 to nearly $50 per ounce in the early 2000s. Adam is calling for similar gains for depressed silver today and his latest research is well worth a read – “Silver’s Vexing Slumber“