High Oil Hurts Silver
February 24, 2011 at 12:03 PM EST
As oil continues to trade around $100.00 per barrel, silver has started to fade. The iShares Silver Trust (NYSE:SLV) is trading $32.26, -0.45 (-1.38%). The key with silver is that it is not just a safety net for inflation fears and global instability, it is a production metal. Being a production metal, silver moves sharply [...]
