Silver now appears to be entering the 'precious metal' investing picture with the long awaited introduction of exchange traded Silver fund SLV last friday to go along with exchange traded Gold fund GLD some months ago - not too bad of an opening day !



even though Silver has lately been thought of primarily as an 'industrial metal', the new availability of the SLV fund now provides 'amateur' investors with a relatively easy way to climb onto the silver train with relative small amounts of investment money - something which is probably going to happen in pretty large volumes.

I'm expecting a pullback in a week or two from the initial price rise in silver itself and SLV shares due to the temporary increase in silver demand due to the SLV fund's creation (sort of a self-fulfilling prophecy ... buying SLV shares causes the SLV fund to have to buy Silver on the COMEX, raising the silver price, thus raising the SLV share price LOL). However, once SLV share volume stabilizes and that pullback occurs, if the US gov't keeps printing more fresh greenbacks by the billion, SLV and GLD are both likely to continue along the uptrend in precious metals prices vs US dollars.
~